Business Finance in Less Developed Capital Markets


Business finance in less developed economies can not be analyzed or measured by the approaches utilized in countries, such as the United States and Great Britain, where stock markets can assess worth and channel capital with reasonable accuracy. Most economic theory dealing with business finance has been developed in precisely this latter environment. By bringing together economists from less developed countries with researchers from the United States and Western Europe, the essays in this collection break new ground by focusing on the unique problems of capital markets in the developing world.

Additional information

Includes content by:
  • George J. Papaioannou
  • Richard Kitchen
  • Ade T. Ojo
  • P. C. Kumar
  • George Tsetsekos
Publisher: Place of publication:
  • Westport, CT
Publication year:
  • 1992