IDEAS home Printed from https://ideas.repec.org/p/phd/pjdevt/pjd_2016_vol__41-42_nos__1-2f.html
   My bibliography  Save this paper

Stock Market Development in the Philippines: Past and Present

Author

Listed:
  • Ho, Sin-Yu
  • Odhiambo, Nicholas M.

Abstract

This paper explores the origins and development of the Philippine stock market. Specifically, it looks at the structural and regulatory development of the stock exchange, and the growth of the stock market in terms of size, liquidity, and other key market indicators. The Philippine stock market has undergone a number of reforms and development since the 1990s. These include the unification of two stock exchanges, the demutualization of the Philippine Stock Exchange (PSE), and the enactment of the Securities Regulation Code. As a result, the Philippine stock market has experienced a phenomenal growth over the years. Measured by market capitalization ratio, the world ranking of the Philippine stock market has improved from 44th in 2009 to 12th in 2014. Although the PSE has developed fast over the years, it still faces a wide range of challenges, including a less diversified investor base, a lack of competition on the PSE when compared with its regional counterparts, weak corporate governance, and weak legal framework for financial sector development.

Suggested Citation

  • Ho, Sin-Yu & Odhiambo, Nicholas M., 2016. "Stock Market Development in the Philippines: Past and Present," Philippine Journal of Development PJD 2016 Vol. 41-42 Nos. , Philippine Institute for Development Studies.
    • Handle: RePEc:phd:pjdevt:pjd_2016_vol__41-42_nos__1-2f
    as

    Download full text from publisher

    File URL: https://www.pids.gov.ph/publication/philippine-journal-of-development/stock-market-development-in-the-philippines-past-and-present
    Download Restriction: no
    ---><---

    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:phd:pjdevt:pjd_2016_vol__41-42_nos__1-2f. 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: Aniceto Orbeta (email available below). General contact details of provider: https://edirc.repec.org/data/pidgvph.html .

    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.