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Making Stock Markets Work to Support Economic Growth: Implications for Governments, Regulators, Stock Exchanges, Corporate Issuers and their Investors


  • David Weild
  • Edward Kim
  • Lisa Newport


This study provides critical observations on the state of key global equity markets as recent developments have put into question their efficiency and effectiveness in facilitating capital formation. It covers the top 26 initial public offering (IPO) producing nations, with a particular focus on stock markets in the United States.

Suggested Citation

  • David Weild & Edward Kim & Lisa Newport, 2013. "Making Stock Markets Work to Support Economic Growth: Implications for Governments, Regulators, Stock Exchanges, Corporate Issuers and their Investors," OECD Corporate Governance Working Papers 10, OECD Publishing.
  • Handle: RePEc:oec:dafaae:10-en

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    References listed on IDEAS

    1. Jackson, Howell E. & Roe, Mark J., 2009. "Public and private enforcement of securities laws: Resource-based evidence," Journal of Financial Economics, Elsevier, vol. 93(2), pages 207-238, August.
    2. Zuaini Ishak & Christopher Napier, 2006. "Expropriation of Minority Interests and Corporate Diversification in Malaysia," Asian Academy of Management Journal of Accounting and Finance (AAMJAF), Penerbit Universiti Sains Malaysia, vol. 2(1), pages 85-113.
    3. Kraakman, Reinier & Armour, John & Davies, Paul & Enriques, Luca & Hansmann, Henry B. & Hertig, Gerard & Hopt, Klaus J. & Kanda, Hideki & Rock, Edward B., 2009. "The Anatomy of Corporate Law: A Comparative and Functional Approach," OUP Catalogue, Oxford University Press, edition 2, number 9780199565849, June.
    4. Rhee, S. Ghon & Wang, Jianxin, 2009. "Foreign institutional ownership and stock market liquidity: Evidence from Indonesia," Journal of Banking & Finance, Elsevier, vol. 33(7), pages 1312-1324, July.
    5. Watanabe, Mariko, 2010. "Separation of Control and Cash-Flow Rights of State Owned Listed Enterprises: Channels of Expropriation after the Discriminated Share Reform in China," IDE Discussion Papers 224, Institute of Developing Economies, Japan External Trade Organization(JETRO).
    6. Joseph A. McCAHERY & Erik P.M. VERMEULEN & HISATAKE Masato & SAITO Jun, 2007. "Traditional and Innovative Approaches to Legal Reform: 'The New Company Law'," Discussion papers 07033, Research Institute of Economy, Trade and Industry (RIETI).
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    1. repec:wfo:monber:y:2017:i:8:p:629-638 is not listed on IDEAS

    More about this item


    allocation of capital; corporate governance; equity market structure; initial public offerings; stock exchange; tick size;

    JEL classification:

    • G30 - Financial Economics - - Corporate Finance and Governance - - - General
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance
    • G38 - Financial Economics - - Corporate Finance and Governance - - - Government Policy and Regulation

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