Agbo, Elias Igwebuike and ODO, John Onyemaechi (2020) REVISITING THE STOCK MARKET DEVELOPMENTAL ISSUES: AN AFRICAN PERSPECTIVE. Developing Economy Journal (DEJ), 6 (4). pp. 50-65. ISSN 1573-1405
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Abstract
The governments of several nations have opted to develop their stock markets to create risk capital for their business sector as foreign capital funds continue to dwindle. They make financial policies that which motivate corporate ventures to develop such culture that promotes economic growth. Despite the gains realizable from equity market development, the financial sector reforms implemented in some African countries are yet to translated a sgnificant boost in the size and depth of their stock markets as a result of some stock market challenges. The objective of this paper is to review the issues as they are currently. Further, the controversy on what is the actual impact of stock markets on growth in developing countries like those in Africa is yet to be settled. This study has sought to review the genesis and update of stock market development - particularly in Africa. It reveals that currently the world stock markets have wihnessed significant growth.However,the issues illiquidity and size faced by the majority of African stock markets have remained unresolved. The paper recommends a greater involvement of institutional investors in African stock exchanges as a means of fixing those nagging issues.
| Item Type: | Article |
|---|---|
| Subjects: | H Social Sciences > HF Commerce |
| Divisions: | Faculty of Management and Social Sciences |
| Depositing User: | mrs chioma hannah |
| Date Deposited: | 03 Nov 2020 10:58 |
| Last Modified: | 03 Nov 2020 10:58 |
| URI: | http://eprints.gouni.edu.ng/id/eprint/2814 |
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