The Emergence of Equity Investment in Developing Countries : Overview

@inproceedings{Claessens2000TheEO,
  title={The Emergence of Equity Investment in Developing Countries : Overview},
  author={Stijn Claessens},
  year={2000}
}
Equity flows to developing countries have increased sharply in recent years. Foreign equity investment can be beneficial to developing countries because of its rtsk-sharing characteristics and effects on resource mobilization and allocation. Empirical evtdence shows that the stock markets of developing countries have become more, although not fully, integrated with world financial markets, and this increased integration implies a lower risk-adjusted cost of capital. Constraints to further… CONTINUE READING

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