Promoting access to primary equity markets : a legal regulatory approach / Claire Grose, Felice B. Friedman.
Material type:
TextSeries: Policy research working papers ; no. 3892Publication details: Washington, D. C : World Bank, 2006.Description: 8p : ill. ; 28 cmSubject(s):
| Item type | Current library | Home library | Call number | Status | Barcode | |
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Main Campus Library | University of Eastern Africa, Baraton | Spc HG 3881.5 .W57 no. 3892 c2 (Browse shelf(Opens below)) | Available | 60179 |
Also available online.
Glose Claire.
Includes bibliographical references.
This paper examines legal and regulatory measures that can be taken to promote access to the primary market economics .While capital market development depends on many factors including primary a fordable macroeconomics environment, an appropriately designed and effective legal and regulatory framework can help to encourage market growth and to increase access to finance for all companies, including small-and medium-sized enterprises this paper we identify the basic necessities that underpin aregulatory7 regime that is cost effective strikes an appropriate balance between,on the one hand, laws and regulations that may be too restrictive to achieve a supply of capital and,on the other, those that may be so relaxed that investors feel that there is an unacceptable level of risk and do not care to venture into the market. We explore the legal foundations for the successful operation of
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