Browsing by Author "Assefa, Worede"

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    The Viability of Capital Market in Ethiopian partial fulfillment for the Masters degree of Business Administration)
    (A.A.U, 2002-02) Assefa, Worede; Ziauddin, Khairoowala (Dr.)
    The study considers market size, liquidity, information, legal and regulatory framework as the basic components for the viable development of stock exchange market in Ethiopia. As a package of the structural adjustment program, the IMF and World Bank prescribe the SSA to establish capital market to serve the purpose of their economic development. However trends show that the markets in the SSA are small in size, illiquid, volatile and not preferred to direct foreign investment but slowly developing overtime. Consequently capital market development is viable in Ethiopia holding the fact that it will be very small and illiquid. But there has to exist investment banks, brokers, dealers, adequate accounting, auditing and legal firms rating agencies supportive professional associations etc. The existence of government regulatory mechanism will further enhance its development. To further have a well functioning capital market the primary efficiency of the other financial institutions very vital.