IDEAS home Printed from https://ideas.repec.org/h/pal/palchp/978-1-4039-0721-9_7.html
   My bibliography  Save this book chapter

Capital Markets: Global Aspirations, Regional Values and Local Fears

In: Redefining Financial Services

Author

Listed:
  • Joseph A. DiVanna

Abstract

The classical definition of a capital market is ‘a place where companies can look for long-term investment capital’.1 However, the behaviour of capital markets across the globe responds to the investment populations that they serve and the companies for whom they are building markets. To say that all capital markets are merely mechanisms for businesses to acquire various forms of financing, or to say that an investor in one market is like all other investors — simply looking to achieve the greatest possible returns — is to underestimate the diversity of the markets themselves. European markets behave differently from Asian, African, Australian, North and South American markets. The allure of globalization tends to homogenize these into a global pool of capital that marches in lock step with the rises and falls in the United States markets, although events such as the 11 September 2001 tragedy cause a ripple effect throughout capital markets worldwide, a longer term examination of the markets reveals that each market has its own market vitality, unique style of investor and types of company interaction that defines the market personality or tenor. This tenor is not to be overlooked in developing local, regional and global value propositions, because it is a critical element in developing the niche market opportunities and subsequent localized value propositions.

Suggested Citation

  • Joseph A. DiVanna, 2002. "Capital Markets: Global Aspirations, Regional Values and Local Fears," Palgrave Macmillan Books, in: Redefining Financial Services, chapter 0, pages 64-68, Palgrave Macmillan.
  • Handle: RePEc:pal:palchp:978-1-4039-0721-9_7
    DOI: 10.1057/9781403907219_7
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    More about this item

    Statistics

    Access and download statistics

    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:pal:palchp:978-1-4039-0721-9_7. 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: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    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.