Skip to content
Home
About Us
Resources
Profiles Metrics
Authors Directory
Institutions Directory
Top Authors
Top Institutions
Top Sponsors
AI Digest
Contact Us
Menu
Home
About Us
Resources
Profiles Metrics
Authors Directory
Institutions Directory
Top Authors
Top Institutions
Top Sponsors
AI Digest
Contact Us
Home
About Us
Resources
Profiles Metrics
Authors Directory
Institutions Directory
Top Authors
Top Institutions
Top Sponsors
AI Digest
Contact Us
Menu
Home
About Us
Resources
Profiles Metrics
Authors Directory
Institutions Directory
Top Authors
Top Institutions
Top Sponsors
AI Digest
Contact Us
Publication Details
AFRICAN RESEARCH NEXUS
SHINING A SPOTLIGHT ON AFRICAN RESEARCH
social sciences
Barriers to the development of small stock markets: A case study of swaziland and mozambique
Journal of International Development, Volume 22, No. 7, Year 2010
Notification
URL copied to clipboard!
Description
The establishment of a successful stock market in a developing economy can be a major source of economic growth if it provides development finance by channelling domestic savings and attracting foreign investment. However, this objective is not always met, particularly in very small markets where there are barriers to efficient market operations. A case study of Swaziland and Mozambique illustrates that any potential gains to the domestic investment community are limited if there is insufficient liquidity and the political economy is such that ownership is not truly dispersed but rather remains in the hands of social elites. This paper finds that potential growth of small developing markets is further severely constrained by poverty and wealth inequality and consequently the impact on development is minimal. © 2009 John Wiley & Sons, Ltd.
Authors & Co-Authors
Hearn, Bruce Allen
United Kingdom, London
City, University of London
Piesse, Jenifer
United Kingdom, London
King's College London
South Africa, Stellenbosch
Stellenbosch University
Statistics
Citations: 54
Authors: 2
Affiliations: 3
Identifiers
Doi:
10.1002/jid.1604
ISSN:
09541748
e-ISSN:
10991328
Study Design
Case Study
Study Approach
Qualitative
Study Locations
Eswatini
Mozambique