資料來源: Google Book
The politics of equity finance in emerging markets
- 作者: Lavelle, Kathryn C.
- 出版: Oxford ;New York : Oxford University Press 2004.
- 稽核項: 1 online resource (xx, 273 pages) :illustrations.
- 標題: Marché émergent. , Bourse. , Developing countries. , Stock exchanges , Developing countries Economic policy. , Securities. , Securities Developing countries. , BUSINESS & ECONOMICS , Investments & SecuritiesStocks. , BUSINESS & ECONOMICS Investments & Securities -- Stocks. , Aktienmarkt , Marché des valeurs mobilières. , Securities , Entwicklungsländer , Electronic books. , Developing countries , Marché des actions. , Stock exchanges Developing countries. , Valeur mobilière. , Pays en développement. , Aandelen. , Stock exchanges. , Economic policy. , Obligaties.
- ISBN: 0195174100 , 9780195174106
- 試查全文@TNUA:
- 附註: Includes bibliographical references (pages 251-265) and index. Politics and the extension of equity finance to emerging markets -- Equity finance in historical perspective -- Financing joint-stock companies in the colonial era -- New states, new state involvement -- Globalization without integration : international considerations -- Privatization and share supply in emerging markets -- Case studies of stock exchanges in regional perspective -- Latin America and the Caribbean -- Asia and the Pacific -- Russia and Eastern Europe -- Africa and the Middle East -- Conclusion -- Stock markets in the global political economy.
- 摘要: Kathryn C. Lavelle 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.
- 電子資源: https://dbs.tnua.edu.tw/login?url=https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=138248
- 系統號: 005319405
- 資料類型: 電子書
- 讀者標籤: 需登入
- 引用網址: 複製連結
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.
來源: Google Book
來源: Google Book
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