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The Politics of Equity Finance in Emerging Markets

Kathryn C. Lavelle




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 |  2004-10-14 |  2004-10-14 | File type: PDF

||1 of 1 people found the following review helpful.| POLITICS vs. MARKETS|By Nestor Cruz|Professor Lavelle has done the world of business and economics a service by explaining the political considerations that often impact emerging market stock markets of which some people have become so enamored during the past ten years. The chapters dealing with Latin America are particularly good. It would be an excellent idea if for the ne| ||"Kathryn Lavelle explains in clear, succinct terms how national political processes lead to equity market growth, and how that growth affects the process of corporate governance - and why it sometimes fails to do so as governments maintain a continuing gr

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 a...

You can specify the type of files you want, for your gadget.The Politics of Equity Finance in Emerging Markets   |  Kathryn C. Lavelle. I really enjoyed this book and have already told so many people about it!

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