Promoting Access to Primary Equity Markets : A Legal and Regulatory Approach

This paper examines legal and regulatory measures that can be taken to promote access to the primary market in emerging market economies. While capital market development depends on many factors including, primarily, a favorable macroeconomic environment, an appropriately designed and effective lega...

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Bibliographic Details
Main Authors:	Friedman, Felice B., Grose, Claire
Format:	Policy Research Working Paper
Language:	English
Published:	World Bank, Washington, DC 2012
Subjects:	ACCOUNTING ACQUISITIONS ADVERSE IMPACT ADVERTISING BANKRUPTCY BANKS BENEFICIAL OWNER BONDS CAPITAL GAINS TAXES CAPITAL MARKET CAPITAL MARKETS CENTRAL BANK COLLECTIVE COMMERCIAL TRANSACTIONS COMPANY COMPETITIVE ADVANTAGE CONSUMERS CONTINUOUS DISCLOSURE CONTRACTUAL ARRANGEMENTS CONTROLLING SHAREHOLDER CONTROLLING SHAREHOLDERS CORPORATE GOVERNANCE CORPORATE GOVERNANCE REFORM COST OF CAPITAL DAMAGES DEBT DISCLOSURE REQUIREMENTS DISCLOSURE RULES DISPUTE RESOLUTION DISTRIBUTION OF INCOME DOMESTIC COMPANIES DOMESTIC MARKET DOMESTIC MARKETS DOMESTIC STOCK EXCHANGES ECONOMIC EFFICIENCY ECONOMIC GROWTH ECONOMICS EMERGING MARKET EMERGING MARKETS EQUITY MARKETS EQUITY OFFERS EXPROPRIATION EXTERNAL FINANCING FAIR FINANCIAL CRISIS FINANCIAL DISCLOSURE FINANCIAL INFORMATION FINANCIAL MARKETS FINANCIAL REPORTING FINANCIAL SECTOR FINANCIAL STATEMENTS FOREIGN INVESTORS FULL DISCLOSURE GDP GLOBAL MARKETS GLOBALIZATION GOOD CORPORATE GOVERNANCE INDIVIDUAL INVESTORS INDIVIDUALS INFORMATION DISCLOSURE INITIAL PUBLIC OFFERING INSIDER DEALING INSTITUTIONAL INVESTOR INSTITUTIONAL INVESTORS INSURANCE INTERNATIONAL MARKET INVESTMENT CHOICES INVESTOR CONFIDENCE INVESTOR PROTECTION LATIN AMERICAN LIMITED LIQUIDITY LITIGATION MACROECONOMIC CONDITIONS MANAGERS MANDATORY DISCLOSURE MARKET ACCESS MARKET DEVELOPMENT MARKET ECONOMIES MARKET ECONOMY MARKET REFORMS MARKET SEGMENTATION MARKET SEGMENTS MINORITY INVESTORS NASDAQ NUMBER OF SHAREHOLDERS OFFERINGS PARTIAL PRIVATIZATION PERSONS PORTFOLIO PORTFOLIO MONITORING PRIVATE COMPANIES PRIVATE EQUITY PROFITABILITY PROPERTY RIGHTS PROTECTING INVESTORS PUBLIC COMPANIES PUBLIC COMPANY PUBLIC MARKETS PUBLIC OFFERING PUBLIC OFFERINGS REGISTRATION STATEMENT REGULATORY AUTHORITY REGULATORY BURDEN REGULATORY ENFORCEMENT REGULATORY FRAMEWORK REGULATORY REFORM REGULATORY REGIME RETAIL RETAINED EARNINGS SALE SAVINGS SECURITIES SECURITIES LAWS SECURITIES MARKETS SECURITIES REGULATION SECURITIES REGULATOR SHAREHOLDER VOTING SHAREHOLDERS SIDE EFFECTS SMALL BUSINESS SMALL BUSINESSES SMALL COMPANIES SMALLER COMPANIES SPREAD STATE OWNED ENTERPRISE STATE OWNED ENTERPRISES STATE-OWNED COMPANY STOCK EXCHANGE STOCK EXCHANGES STOCK MARKET STOCK MARKETS STOCK PRICES STRATEGIC INVESTOR TAX INCENTIVES TAX RATES TAX REVENUE TAX REVENUES TOTAL MARKET CAPITALIZATION TRANSITION ECONOMIES TRANSPARENCY TURNOVER WAGES
Online Access:	http://documents.worldbank.org/curated/en/2006/04/6731299/promoting-access-primary-equity-markets-legal-regulatory-approach http://hdl.handle.net/10986/8713