Jump to ContentJump to Main Navigation
The Politics of Equity Finance in Emerging Markets - Oxford Scholarship Online
Users without a subscription are not able to see the full content.

The Politics of Equity Finance in Emerging Markets

Kathryn C. Lavelle


When evaluating emerging stock markets, analysts usually fit them into a model of corporate governance derived from Western industrial experience, one where shares are dispersed and shareholders influence firm management through the price mechanism, or one where shares are held in blocs and banks play a role. This book challenges this approach and the underlying assumptions, which are focused on economies at relatively high levels of development. It argues that the political dimension inherent in developing countries prevents the institutional formation of a price mechanism in corporate govern ... More

Keywords: emerging markets, stock markets, equity finance, corporate governance, price mechanism, privatization, globalization, political circumstances, developing countries, development

Bibliographic Information

Print publication date: 2004 Print ISBN-13: 9780195174090
Published to Oxford Scholarship Online: April 2005 DOI:10.1093/0195174097.001.0001


Affiliations are at time of print publication.

Kathryn C. Lavelle, author
Case Western Reserve University
Author Webpage