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Emerging equity markets in India: a case study

Emerging equity markets in India: a case study Defines the term “emerging market” and identifies the necessary preconditions which allow stock markets to develop: government commitment, market economy, a legal system and generally available education. Discusses some factors affecting equity market growth, e.g. economic and regulatory development/reform, legal and market structure reform, requirements for financial intermediaries, disclosure, accounting standards and education/training for participants in financial markets. Explains how these factors apply to India, giving statistical indicators for the economy and the Bombay Stock Exchange for 1991‐1995. Believes the prospects for foreign and domestic equity investment in India and other developing countries are good providing that they maintain a stable economy and an investor‐friendly environment http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Managerial Finance Emerald Publishing

Emerging equity markets in India: a case study

Dan W. Hess
Managerial Finance , Volume 24 (7): 14 – Jul 1, 1998
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References (1)

Publisher
Emerald Publishing
Copyright
Copyright © 1998 MCB UP Ltd. All rights reserved.
ISSN
0307-4358
DOI
10.1108/03074359810765598
Publisher site
See Article on Publisher Site

Abstract

Defines the term “emerging market” and identifies the necessary preconditions which allow stock markets to develop: government commitment, market economy, a legal system and generally available education. Discusses some factors affecting equity market growth, e.g. economic and regulatory development/reform, legal and market structure reform, requirements for financial intermediaries, disclosure, accounting standards and education/training for participants in financial markets. Explains how these factors apply to India, giving statistical indicators for the economy and the Bombay Stock Exchange for 1991‐1995. Believes the prospects for foreign and domestic equity investment in India and other developing countries are good providing that they maintain a stable economy and an investor‐friendly environment

Journal

Managerial Finance – Emerald Publishing

Published: Jul 1, 1998

Keywords: Developing Countries; Growth; India; Stock markets

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