Development Finance Innovations for Sustainable Growth

This book presents a broad range of empirical research papers covering key issues in development finance. Despite having gained significant momentum in Africa and other emerging economies, textbooks and research publications on development finance are sti

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Nicholas Biekpe • Danny Cassimon • Andrew William Mullineux Editors

Development Finance Innovations for Sustainable Growth

Editors Nicholas Biekpe Development Finance Centre UCT Graduate School of Business Cape Town, Western Cape, South Africa

Danny Cassimon Institute of Development Policy and Management Universiteit Antwerpen Antwerp, Belgium

Andrew William Mullineux Department of Finance Birmingham Business School University of Birmingham Birmingham, UK

ISBN 978-3-319-54165-5 DOI 10.1007/978-3-319-54166-2

ISBN 978-3-319-54166-2 (eBook)

Library of Congress Control Number: 2017948035 © The Editor(s) (if applicable) and The Author(s) 2017 This work is subject to copyright. All rights are solely and exclusively licensed by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, express or implied, with respect to the material contained herein or for any errors or omissions that may have been made. The publisher remains neutral with regard to jurisdictional claims in published maps and institutional affiliations. Cover Image © HAYKIRDI Printed on acid-free paper This Palgrave Macmillan imprint is published by Springer Nature The registered company is Springer International Publishing AG The registered company address is: Gewerbestrasse 11, 6330 Cham, Switzerland

Preface

Overview This textbook brings to focus core areas of development finance with special relevance to the strengthening of development finance research and training in an emerging market context. Unlike professional disciplines (e.g. engineering, accounting and economics), development finance (which is simply finance applied in a developmental context) is a relatively new entrant into the wider fields of research and training. Much work still needs to be done to develop and strengthen development finance capacity building and this book is a first crucial step aimed at establishing and strengthening academic and practitioner engagements in development finance research and training.

Binding Themes and Tone of Book The chapters of the book were carefully selected to generate and stimulate discussions and debates around key knowledge attributes which define development finance research. Even though developmen