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|Title: ||Can Ethiopian Companies Meet the Listing Requirements of African Stock Exchanges?|
|Authors: ||Bayisasahu, Abera|
|Advisors: ||Ulaganathan (PhD)|
|Copyright: ||Jun-2011 |
|Date Added: ||30-May-2012 |
|Abstract: ||Ethiopian companies are not benefiting from listing on stock exchanges because there is
no stock exchange in Ethiopia. Foreign listing is an alternative solution to this problem.
Thus, this study examines whether or not Ethiopian companies meet the listing
requirements of African stock exchanges. The study also assessed the characteristics of
Ethiopian companies (their strengths and weaknesses) in relation to stock exchanges
listing requirements so as to determine the availability of qualified companies for the
establishment of a stock exchange in Ethiopia. The determinants of listing requirements
and listings are also investigated in this study.
The study adopts a mixed methods research approach. Specifically, the study uses
surveys of 17 Ethiopian share companies that are established after 1994 by offering
shares to the public via IPO and that has a minimum of two years operating history using
closed ended self administered questionnaires to collect a quantitative data. In addition,
the study uses surveys of 15 African stock exchanges that have listing requirements on
their websites in English languages. The study also analyzed the qualitative listing
requirements of African countries stock exchanges (OECD 2004 Corporate Governance
Principles) by comparing it with the Ethiopian companies’ corporate governance law.
The results of this combined research methodology reveal that Ethiopian companies can
be listed in other African countries’ stock exchanges and get benefited from listing. There
are also qualified companies for the establishment of stock exchange in Ethiopia.|
|Description: ||A Thesis Submitted to the Department of Accounting and Finance of Addis
Ababa University for the Partial Fulfillment of the requirements for the
Degree of Master of Science in Accounting & Finance|
|Appears in:||Thesis - Accounting & Finance|
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