It is Time to Reexamine the Role of Stock Markets in Developing Economies

Journal of Asia-Pacific Business, 13(3), 206-228, 2012

24 Pages Posted: 6 Dec 2012

Date Written: September 1, 2012

Abstract

Although the many perceived benefits of a stock market may have led to their rapid formation and development aspirations across economies, emerging findings that stock markets may not be as useful as previously thought, even a detraction in the case of some developing economies, raises the question of how practical stock markets may be in different situations. In light of the foregoing and using Fiji as an example, this study argues that it is indeed time to reexamine the role of stock markets in developing economies with a view to restructuring the financial system for improved efficiency and effectiveness.

Keywords: Fiji, South Pacific, developing economies, stock markets, financial systems

Suggested Citation

Sharma, Parmendra and Roca, Eduardo, It is Time to Reexamine the Role of Stock Markets in Developing Economies (September 1, 2012). Journal of Asia-Pacific Business, 13(3), 206-228, 2012. Available at SSRN: https://ssrn.com/abstract=2185206

Parmendra Sharma (Contact Author)

Griffith University ( email )

Department of Accounting Finance and Economics
Griffith business School
Brisbane, Queensland QLD 4111
Australia

Eduardo Roca

Griffith University ( email )

170 Kessels Road, Nathan
Queensland
Brisbane, 4111
Australia
(07) 373 57583 (Phone)

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