Increasing participation of subsaharan African entrepreneurs in Capital markets – a study of ghana

ANTHONY, Q.Q. ABOAGYE (2015) Increasing participation of subsaharan African entrepreneurs in Capital markets – a study of ghana. In: Third International Conference on Advances in Management, Economics and Social Science - MES 2015, 10-11 December, 2015, Rome, Italy.

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Abstract

Well-functioning stock exchanges have been linked to economic growth in many parts of the world. However, in sub-Saharan Africa (SSA) listed companies and stock exchange activities reflect very little of country economic activities and economic output remains low. Research that has focused on unravelling constraints hampering the development of stock exchanges has been mostly aimed at identifying and removing transactional bottlenecks – trading systems, liquidity, institutions, and market integration. This study, conceived of as a fore-runner of the study of other SSA economies, identifies a new perspective on how to strategize for more companies in SSA to access the capital markets. Responses from World Values Survey type questionnaire were analyzed. Regression results suggest that variables that explain the proportion of own businesses that respondents will sell to the public to access capital markets relate to the values of the people, (trust), and the business environment. We propose a SSA wide study for a deeper understand of the issues.

Item Type: Conference or Workshop Item (Paper)
Uncontrolled Keywords: Ghana; Africa; stock exchange listings; entrepreneurs; economic growth; logit regression; culture values; trust; socio economic expansion; business expansion; World Values Survey.
Depositing User: Mr. John Steve
Date Deposited: 05 Apr 2019 12:13
Last Modified: 05 Apr 2019 12:13
URI: http://publications.theired.org/id/eprint/1202

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