The priciple of corporate governance in the Ethiopian financial sector- a commentary
The financial sector of every economy accounts to half or even two third of the economy of a country. Despite almost two decades of deregulation and privatization in Ethiopia, the private sector still lives in the state’s shadow and has relatively limited access to finance and markets. The private sector firms in Ethiopia usually have close ties with the state sector and prosper on the peripheral of the state sector. They are not only influenced by state sentiment but also have to budget their capital expenditure or production schedules accordingly.