Prospects and Challenges of Establishing Stock Market in Ethiopia
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Date
2019-02
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Publisher
Addis Ababa University
Abstract
The study assessed the prospect and challenges of establishing stock market in Ethiopia.
To do so, descriptive analysis is utilized and data were gathered from both primary
sources as well as secondary sources. Accordingly, Primary data collected from the
employees and managers of Addis Ababa Chamber of commerce and Sectoral
Association, Ministry of Finance and Economic Cooperation, National Bank of Ethiopia,
Private Banks, Insurance Companies, Audit firms, Accounting institutions, shareholders
and managers of share company and other credible sources through interview, online
survey and also refer secondary data at large. The result revealed that the reluctance of
the government, inadequate laws and regulations, insufficient technological
infrastructure, and low level of public awareness as a challenge of establish stock market
in Ethiopia. Also the prospects include the economic growth of the country, the agenda of
poverty reduction, privatization effort and unexploited resources, thus the government
need to take real pragmatic measures to establish stock market and further reforming the
legal, institutional and the accounting and reporting requirements is necessary. Also the
media should be seen reporting more on the advantage of Stock market.
Description
A research thesis submitted to the department of accounting and finance, college of business and economics, in partial fulfillment of the requirement of Master of Science (MSC) in accounting and finance
Keywords
Accounting and Auditing Standard, Stock Market