The Viability of Capital Market in Ethiopian partial fulfillment for the Masters degree of Business Administration)
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Date
2002-02
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A.A.U
Abstract
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.
Description
The Viability of Capital Market in Ethiopia
fn partial fulfillment for the Masters degree of Business Administration)
Keywords
TheViability of Capital Market in Ethiopia