Business Finance in Less Developed Capital Markets - (Contributions in Economics and Economic History) by Klaus P Fischer & George J Papaioannou
About this item
Highlights
- Business finance in less developed economies cannot be analyzed or measured by the approaches utilized in countries, such as the United States and Great Britain, where stock markets can assess worth and channel capital with reasonable accuracy.
- About the Author: KLAUS P. FISCHER is an Adjunct Professor in the Faculty of Administration Sciences at Universite Laval.
- 416 Pages
- Business + Money Management, Finance
- Series Name: Contributions in Economics and Economic History
Description
About the Book
Business finance in less developed economies cannot be analyzed or measured by the approaches utilized in countries, such as the United States and Great Britain, where stock markets can assess worth and channel capital with reasonable accuracy. Most economic theory dealing with business finance has been developed in precisely this latter environment. By bringing together economists from less developed countries with researchers from the United States and Western Europe, these essays break new ground by focusing on the unique problems of capital markets in the developing world.
The problems of organizing securities markets and such capital market institutions as mutual funds are examined. The sources of financial capital and the interaction of state credit policies and the investment decisions and practices of the private sector are also analyzed. Together these essays provide developmental and business economists with provocative questions and will be of concern to all involved with economic growth in the less developed world.
Book Synopsis
Business finance in less developed economies cannot be analyzed or measured by the approaches utilized in countries, such as the United States and Great Britain, where stock markets can assess worth and channel capital with reasonable accuracy. Most economic theory dealing with business finance has been developed in precisely this latter environment. By bringing together economists from less developed countries with researchers from the United States and Western Europe, these essays break new ground by focusing on the unique problems of capital markets in the developing world.
The problems of organizing securities markets and such capital market institutions as mutual funds are examined. The sources of financial capital and the interaction of state credit policies and the investment decisions and practices of the private sector are also analyzed. Together these essays provide developmental and business economists with provocative questions and will be of concern to all involved with economic growth in the less developed world.About the Author
KLAUS P. FISCHER is an Adjunct Professor in the Faculty of Administration Sciences at Universite Laval.
GEORGE J. PAPAIOANNOU is Associate Professor and Chairperson of the Department of Banking and Finance at Hofstra University.
