The politics of equity finance in emerging markets / Kathryn C. Lavelle.

Format:

Book

Author/Creator:

Lavelle, Kathryn C.

Language:

English

Subjects (All):

Securities--Developing countries.

Securities.

Stock exchanges--Developing countries.

Stock exchanges.

Developing countries--Economic policy.

Developing countries.

Physical Description:

xx, 273 p. : ill.

Edition:

1st ed.

Place of Publication:

Oxford ; New York : Oxford University Press, 2004.

Summary:

The author uses a political science paradigm to explain the growth of emerging equity markets. She departs from conventional economic explanations and examines politics at the micro-level of large issues of emerging market stock. The second half of the book presents case studies dealing with emerging market countries in Latin America, Asia, Russia and Eastern Europe, Africa and the Middle East. The case studies connect the regional, state, and firm levels to detail the multiple ownership and control arrangements, and to dispel the notion that mere quantitative growth of these markets will lead to a convergence in financial institutional structures along the lines of the industrial core of the world economy.

Contents:

Politics and the extension of equity finance to emerging markets

Equity finance in historical perspective

Financing joint-stock companies in the colonial era

New states, new state involvement

Globalization without integration : international considerations

Privatization and share supply in emerging markets

Case studies of stock exchanges in regional perspective

Latin America and the Caribbean

Asia and the Pacific

Russia and Eastern Europe

Africa and the Middle East

Conclusion

Stock markets in the global political economy.

Notes:

Includes bibliographical references (p. 251-265) and index.

Description based on publisher supplied metadata and other sources.

ISBN:

9780198038818

019803881X

OCLC:

61344223