Emerging Equity Markets
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Emerging Equity Markets
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Author : Mr.Robert Alan Feldman
language : en
Publisher: International Monetary Fund
Release Date : 1994-03-01
Emerging Equity Markets written by Mr.Robert Alan Feldman and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1994-03-01 with Business & Economics categories.
Since the mid-1980s, there has been a very substantial increase in stock market activity in many developing countries. This paper first examines the main characteristics of the emerging stock markets, and illustrates the evolution of equity prices in these markets over the last decade. It then discusses the reasons for the markets’ growth and assesses the extent to which domestic policies, as well as external factors, have played a role. This is followed by a discussion of the likely benefits of these markets; the effects which any abrupt correction in stock prices could have for the economy; and the ways in which these markets can be made more efficient.
The Politics Of Equity Finance In Emerging Markets
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Author : Kathryn C. Lavelle
language : en
Publisher: Oxford University Press
Release Date : 2004-10-14
The Politics Of Equity Finance In Emerging Markets written by Kathryn C. Lavelle and has been published by Oxford University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004-10-14 with Business & Economics categories.
Emerging market stock issuance relative to GDP rose in the late twentieth century to levels that roughly matched that of advanced, industrial markets. Nonetheless, the connection between owning shares of emerging market stock and the ability to influence the management of these firms remains fundamentally different from the analogous institutional connection that has evolved in industrial markets. The reasons for the differences in emerging markets are both historical and political in nature. That is, local equity markets have had the objective of providing for some degree of local ownership and control of large economic entities since the late nineteenth century. However, local markets have operated under different global political structures since that time, ranging from imperialism, to world wars, to sovereign developmental states, to neo-liberal states. Shares issued under these different structures have been reconfigured over time, resulting in a lack of convergence along either the Anglo-American or Continental models of corporate governance. The author uses a political science paradigm to explain the growth of emerging equity markets. She departs from conventional economic explanations and examines politics at the micro-level of large issues of emerging market stock. The second half of the book presents case studies dealing with emerging market countries in Latin America, Asia, Russia and Eastern Europe, Africa and the Middle East. The case studies connect the regional, state, and firm levels to detail the multiple ownership and control arrangements, and to dispel the notion that mere quantitative growth of these markets will lead to a convergence in financial institutional structures along the lines of the industrial core of the world economy.
The World S Emerging Stock Markets
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Author : Keith K. H. Park
language : en
Publisher:
Release Date : 1994
The World S Emerging Stock Markets written by Keith K. H. Park and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1994 with Securities categories.
The World S Emerging Stock Markets
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Author : Keith K. H. Park
language : en
Publisher: Irwin Professional Publishing
Release Date : 1993
The World S Emerging Stock Markets written by Keith K. H. Park and has been published by Irwin Professional Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 1993 with International finance categories.
In Korea, Thailand, Mexico, Chile and a host of other nations, stock markets previously shunned as illiquid, or simply too exotic, are evolving at a terrific rate, and drawing in ever more participants. Consider these facts:. The emerging markets' share of world market capitalization will grow from approximately 7 percent to 15-20 percent - a pace more than twice that of the industrialized nations.
Frontier Emerging Equity Markets Securities Price Behavior And Valuation
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Author : Oliver S. Kratz
language : en
Publisher: Springer Science & Business Media
Release Date : 2007-08-28
Frontier Emerging Equity Markets Securities Price Behavior And Valuation written by Oliver S. Kratz and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007-08-28 with Business & Economics categories.
Frontier Emerging Equity Markets Securities Price Behavior and Valuation uses the Russian example to illustrate the intricate mechanics of frontier emerging equity market analysis. Frontier markets are those equity markets that do not benefit from the same degree of securities transparency and information dissemination as future emerging markets. In many cases, frontier equity markets are those which have been created almost literally overnight, without the infrastructure and institutional readiness of the nations in which they are located. During the 1990s, frontier emerging markets have formed a new investment asset class which requires a very different set of valuation metrics from mature emerging markets. In developing a multi-stage approach to the understanding and valuing of such markets, this book uses the case of the Russian frontier equity market to illustrate topics such as the relationship between equity market infrastructure and valuation during the `genesis' period of an emerging financial market; evolving market efficiency; and the crucial role of depository receipt programs in the development of these markets. Further, this book develops the first comprehensive framework for valuing a frontier equity market. The role of equity risk premium, as it affects early dynamic equity valuation, is also covered in order to illuminate important drivers of securities price performance. The book closes by discussing the philology of the frontier market valuation debate, in which every market participant is an important purveyor of information and a contributor to the final valuation dimension of equities. The main asset used to present the empirical concepts is a complete research database drawn from actual frontier market investing, which previously had been unavailable to academic researchers. As an active institutional asset management professional at a major Wall Street investment firm, the author marries academic theories, such as market efficiency and market segmentation, to the real world of high stakes and high risk frontier market investing. This book illustrates the applicability and, in some cases, the uselessness of financial theory when applied to this new and rising asset class. It opens the discussion of equity valuation theory for an environment where many conventional rules of asset price determination need to be rewritten. As the first research-level monograph exclusively dedicated to frontier emerging equity market analysis, it offers a unique dual perspective on how academic financial research finds it a complementary and sometimes antagonistic counterpart of real-life investment decision-making. This book can help both professional investors and students of finance to understand frontier equity market valuation and development.
Emerging Equity Markets In Middle Eastern Countries
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Author : Mr.Manmohan S. Kumar
language : en
Publisher: International Monetary Fund
Release Date : 1994-09-01
Emerging Equity Markets In Middle Eastern Countries written by Mr.Manmohan S. Kumar and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1994-09-01 with Business & Economics categories.
Within a broad framework for analyzing portfolio capital flows to developing countries, the paper undertakes a comparative analysis of equity markets in six Middle Eastern countries. The analysis, based primarily on a range of quantitative indicators, identifies the principal characteristics of these markets, including relative to international comparators, and examines associated structural features. This, along with an analysis of the informational efficiency of selected markets in the region, provides a basis for the subsequent review of policies for enhancing the role of equity markets in the macroeconomy of Middle Eastern countries.
Foreign Portfolio Investment In Emerging Equity Markets
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Author : World Institute for Development Economics Research
language : en
Publisher: World Institute for Development Economics Research of U
Release Date : 1990
Foreign Portfolio Investment In Emerging Equity Markets written by World Institute for Development Economics Research and has been published by World Institute for Development Economics Research of U this book supported file pdf, txt, epub, kindle and other format this book has been release on 1990 with Capital market categories.
The Investor S Guide To Emerging Markets
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Author : Mark Mobius
language : en
Publisher: McGraw-Hill Companies
Release Date : 1995
The Investor S Guide To Emerging Markets written by Mark Mobius and has been published by McGraw-Hill Companies this book supported file pdf, txt, epub, kindle and other format this book has been release on 1995 with Investments, Foreign categories.
Emerging markets (capital markets in predominately less developed economies) represent the fastest growing investment area, and investors and speculators are attracted to the potential high returns. Mobius provides a rationale for investing in emerging markets and shows the reader how to assess the opportunities and analyze different investment strategies.
Emerging Stock Markets
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Author : Christopher Barry
language : en
Publisher: Wiley
Release Date : 2000-04-14
Emerging Stock Markets written by Christopher Barry and has been published by Wiley this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000-04-14 with Business & Economics categories.
Emerging Stock Markets: Risk, Return, and Performance is a compendium of historical data currently available about the performance of securities in emerging markets. As a result, it will be an invaluable aid to the investor or investment manager trying to make informed decisions about investing in emerging market assets. The authors provide monthly stock return data for more than two dozen countries in the Emerging Markets Data Base maintained by the International Finance Corporation. Without such data, analysis of this fascinating asset class has been frustrated.
Spillovers To Emerging Equity Markets An Econometric Assessment
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Author : Tao Sun
language : en
Publisher: INTERNATIONAL MONETARY FUND
Release Date : 2009-05-01
Spillovers To Emerging Equity Markets An Econometric Assessment written by Tao Sun and has been published by INTERNATIONAL MONETARY FUND this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-05-01 with categories.
This paper shows that emerging market equity prices are influenced by growing global factors, and therefore global factors constitute a significant channel for spillovers when the international economic environment changes. Strengthening their resilience to equity price declines remains an important goal for emerging market economies.