IDEAS home Printed from https://ideas.repec.org/a/ids/ijmefi/v4y2011i2p195-215.html
   My bibliography  Save this article

Capital market development in an emerging economy and the challenge of fostering foreign participation

Author

Listed:
  • Samson E. Edo

Abstract

This paper investigates the contribution of foreign investors to capital market development in an emerging economy. The findings reveal that Foreign Portfolio Investment (FPI) as well as foreign issue of securities (FS) made insignificant contribution to development of the market compared to other contending factors such as domestic securities investment (DSI) and domestic issue of securities (DS). This appears to constitute a policy challenge, considering the enormous gain that would accrue to the economy from increasing foreign participation in the market. The challenge could be surmounted by liberalising investment laws, offering fiscal incentives, and strengthening surveillance of the market to enhance efficiency.

Suggested Citation

  • Samson E. Edo, 2011. "Capital market development in an emerging economy and the challenge of fostering foreign participation," International Journal of Monetary Economics and Finance, Inderscience Enterprises Ltd, vol. 4(2), pages 195-215.
    • Handle: RePEc:ids:ijmefi:v:4:y:2011:i:2:p:195-215
    as

    Download full text from publisher

    File URL: http://www.inderscience.com/link.php?id=39329
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Enaruna, Dubem Victor & Okene, Anthony Jovwo (ACA), 2019. "The Impact of the Capital Market on Investment in the Real Sector of the Nigerian Economy," International Journal of Research and Scientific Innovation, International Journal of Research and Scientific Innovation (IJRSI), vol. 3(11), pages 83-90, November.
    2. Odili Okwuchukwu, 2015. "Exchange Rate Volatility, Stock Market Performance and Foreign Direct Investment in Nigeria," International Journal of Academic Research in Accounting, Finance and Management Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Accounting, Finance and Management Sciences, vol. 5(2), pages 172-184, April.
    3. repec:bcp:journl:v:3:y:2019:i:11:p:83-90 is not listed on IDEAS

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ids:ijmefi:v:4:y:2011:i:2:p:195-215. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sarah Parker (email available below). General contact details of provider: http://www.inderscience.com/browse/index.php?journalID=218 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.