Company Management And Capital Market Development In The Transition

Author : Marvin R. Jackson
Publisher :
ISBN 13 :
Total Pages : 312 pages
Book Rating : 4.90/5 ( download)

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Download or read book Company Management and Capital Market Development in the Transition written by Marvin R. Jackson and published by . This book was released on 1994 with total page 312 pages. Available in PDF, EPUB and Kindle. Book excerpt: This text discusses the development of company management and capital markets in the rapidly changing Central and Eastern Europe. It covers topics such as different privatization methods in different countries, and financial structure, performance and the banks of these countries.

Author : OECD
Publisher : OECD Publishing
ISBN 13 : 9264163670
Total Pages : 310 pages
Book Rating : 4.76/5 ( download)

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Download or read book Capital Market Development in Transition Economies Country Experiences and Policies for the Future written by OECD and published by OECD Publishing. This book was released on 1998-10-06 with total page 310 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book, the first time, critically evaluates the evolution of both equity and securities markets in transition economies.

Author : Robert E. Litan
Publisher : Rowman & Littlefield
ISBN 13 : 0815796102
Total Pages : 543 pages
Book Rating : 4.07/5 ( download)

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Download or read book The Future of Domestic Capital Markets in Developing Countries written by Robert E. Litan and published by Rowman & Littlefield. This book was released on 2003-09-05 with total page 543 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Future of Domestic Capital Markets in Developing Countries addresses the challenges that countries face as they develop and strengthen capital markets. Based on input from the world's most prominent capital market experts and leading policymakers in developing countries, this volume represents the latest thinking in capital market development. It captures the views of a global gathering of experts, with perspectives from developing and developed countries, from all regions of the world, from the public and private sector. This volume should be of interest to senior financial sector policymakers from developed and developing countries in securities and exchange commissions, regulators, central banks, ministries of finance, and monetary authorities; private sector executives in stock exchanges, bond markets, venture capital markets, and investment funds; and researchers and academicians with an interest in capital market development in emerging markets. What are the key factors threatening the development and survival of stock exchanges in developing countries? What domestic strategies are needed to protect the future of local markets? Should exchanges consider linkages or alliances? Merging with, or buying up, other exchanges? Demutualization? The volume provides practical guidance on strategies such as nurturing issuers, improving rules and institutions, addressing regulatory challenges, and sequencing reforms. The contributors address a variety of country experiences, and suggest steps that policymakers and practitioners in emerging markets can take to promote an orderly transition toward efficient, well-regulated, and accessible capital markets. Contributors include Reena Aggarwal (Georgetown University), Alexander S. Berg (World Bank), Alan Cameron (Sydney Futures Exchange), Olivier Fremond (PSACG), Amar Gill (Credit Lyonnais Securities Asia), Gerd Hausler (IMF), Jack Glen (International Finance Corporation), Peter Blair Henry (Stanf

Author : Reto Francioni
Publisher : Springer
ISBN 13 : 3319458485
Total Pages : 612 pages
Book Rating : 4.89/5 ( download)

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Download or read book Equity Markets in Transition written by Reto Francioni and published by Springer. This book was released on 2017-01-17 with total page 612 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book underscores the complexity of the equity markets, the challenges they face, and the fact that they are still a work in process. Three interacting forces drive market change: competition, technology change, and regulatory change. The markets have one major objective in particular to achieve: the delivery of accurate price discovery for both traders and the broader market. Are we getting it? Are competition, technology, and regulation acting together to improve market quality, or are they adding to the complexity of the markets and making accurate price discovery harder to achieve? The difficulty of addressing these issues and reaching a consensus regarding public policy is reflected in the diverse opinions expressed in this book. From an institutional perspective, the volume’s contributors highlight the interconnectedness of all aspects of the internal and external environment within which exchange organizations act. Equity Markets in Transition underscores how technological evolution and recent regulatory changes have influenced the business, and how these developments have opened new possibilities for exchange organizations and for equity markets as a whole, including such issues as the impact of equity markets on job creation. The book combines both a theoretical and a practical approach. Part I presents a theoretical overview of the international equity market business, including an overall description of the value chain of stock trading that includes deep dives on every decisive step. Part II contains contributions from various business specialists who have specific practical and academic knowledge of the different steps. Equity Markets in Transition represents a unique combination of theoretical and practical analysis that offers first-hand insights on all relevant interactions and interrelations among the various parts of the exchange business, with an emphasis on facilitating analysis of the status quo and of emerging trends regarding business models, regulation, and the development of the competitor, customer and investor sides.

Author : Dirk Willer
Publisher : Physica
ISBN 13 : 9783642998102
Total Pages : 128 pages
Book Rating : 4.00/5 ( download)

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Download or read book The Development of Equity Capital Markets in Transition Economies written by Dirk Willer and published by Physica. This book was released on 2012-03-14 with total page 128 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book addresses two different but related topics that can arise during the development of equity capital markets and which could possibly hinder their development: partial privatisation and shareholder rights. Both issues are developed in the context of transition economies in general and Russia in particular. Chapter 2 puts forward a theory of partial privatisation, i. e. a model that aims to explain why the state keeps some residual shares. Several recent surveys for Russia have shown that the state does often not actively use the voting rights of its residual shares. If this was true, partial privati sation could entrench management and hinder restructuring. It would also limit the supply of shares, which could lead to low liquidity. This would be likely to slow down the development of the equity capital market. However, the model in chapter 2 shows that it can be rational to hold back shares from sale in order to maximise privatisation receipts. Another issue which holds back the development of this market is the fact that shareholder rights can not be guaranteed by the state due to weak institutions. Chapter 3 contains an empirical examination of which firms honour shareholder rights and also provides a direct link between this problem and partial privatisation. Maybe surprisingly, some weak evidence is presented that shows that the residual state holding does not exert a negative influence with respect to the introduc tion of shareholder rights, but might even be a weak positive force.

Author : John Eatwell
Publisher : Oxford University Press
ISBN 13 : 0195349016
Total Pages : 493 pages
Book Rating : 4.16/5 ( download)

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Download or read book International Capital Markets written by John Eatwell and published by Oxford University Press. This book was released on 2002-04-18 with total page 493 pages. Available in PDF, EPUB and Kindle. Book excerpt: These papers provide a cutting-edge overview of general issues regarding world capital markets, experience in developing countries, and capital market regulation, which many economists believe could turn into the number one topic in international business and economics.

Author : Roy L. Crum
Publisher : World Bank Publications
ISBN 13 : 9780821336588
Total Pages : 428 pages
Book Rating : 4.84/5 ( download)

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Download or read book Restructuring and Managing the Enterprise in Transition written by Roy L. Crum and published by World Bank Publications. This book was released on 1998-01-01 with total page 428 pages. Available in PDF, EPUB and Kindle. Book excerpt: A wide gap still exists between Western concepts and their application in the ex-socialist countries during transition. Most Western models in financial management make assumptions about the efficiency and stability of markets and the signals that can be obtained and also assume that traditional accounting information is available and can be used for management purposes. A new paradigm is needed to manage the finance function in a transition economy experiencing hyperinflation since stamdard assumptions are not valid in most ex-socialist countries. This book describes the adaptations of financial techniques as it reviews standard financial concepts and tools, adjusts them when necessary to the unique conditions in the ex-socialist enterprises, and then presents the restructuring context and some strategies that are based on the application of these tools.

Author : Mr.Michael G. Spencer
Publisher : International Monetary Fund
ISBN 13 : 1451849656
Total Pages : 50 pages
Book Rating : 4.53/5 ( download)

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Download or read book The Role of Financial Institutions in the Transition to a Market Economy written by Mr.Michael G. Spencer and published by International Monetary Fund. This book was released on 1993-10-01 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt: Financial institutions intermediate between savers and investors and contribute to corporate governance. Equity and bond markets in the former centrally planned economies are not yet in a position adequately to provide these services. It is not yet clear that investment funds will provide the necessary financing and corporate management. Therefore the first priority for financial sector reforms must be to establish a healthy commercial banking sector. Banks are the most promising source of financing, provide payment services which are crucial to both the real and financial sectors and, by monitoring the use of loaned funds, will be the primary source of corporate governance during the transformation to a market economy.

Author : Bahaa Ali El-Dean
Publisher : BRILL
ISBN 13 : 9789004125803
Total Pages : 326 pages
Book Rating : 4.09/5 ( download)

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Download or read book Privatisation and the Creation of a Market-Based Legal System written by Bahaa Ali El-Dean and published by BRILL. This book was released on 2002 with total page 326 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Volume aims to provide an analysis of problems and challenges relating to the creation of a legal infrastructure that meets the needs and capabilities of emerging market economies in the light of the privatisation process.

Author : Patt Leonard
Publisher : Routledge
ISBN 13 : 1315480832
Total Pages : 1645 pages
Book Rating : 4.31/5 ( download)

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Download or read book The American Bibliography of Slavic and East European Studies written by Patt Leonard and published by Routledge. This book was released on 2020-02-27 with total page 1645 pages. Available in PDF, EPUB and Kindle. Book excerpt: This bibliography, first published in 1957, provides citations to North American academic literature on Europe, Central Europe, the Balkans, the Baltic States and the former Soviet Union. Organised by discipline, it covers the arts, humanities, social sciences, life sciences and technology.