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

Kathryn C. Lavelle

Print publication date: 2004

Print ISBN-13: 9780195174090

Published to Oxford Scholarship Online: April 2005

DOI: 10.1093/0195174097.001.0001

Show Summary Details
Page of

PRINTED FROM OXFORD SCHOLARSHIP ONLINE (oxford.universitypressscholarship.com). (c) Copyright Oxford University Press, 2020. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 30 October 2020

New States, New State Involvement

New States, New State Involvement

(p.45) 3 New States, New State Involvement
The Politics of Equity Finance in Emerging Markets

Kathryn C. Lavelle (Contributor Webpage)

Oxford University Press

This chapter argues that stock exchanges organized in the post-colonial era were created to indigenize a degree of foreign direct investment. Transnational corporations listing shares on exchanges in the developing world sought a quotation for the benefit of local employees and recognition as a truly transnational firm. Generally these listings were expensive and illiquid, and managerial control remained foreign. However, states found them attractive in an era of “anti”-foreign investment since they dampened criticism of foreign investment, and the capital raised usually remained in the country in question.

Keywords:   foreign direct investment, transnational corporations, post-colonial era, stock exchange, managerial control

Oxford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us .