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Bibliographic Details

Title: Capital Market Development and Market Efficiency: Capital market development and efficient market hypotheses in developing countries a case of Uganda in Africa
Publisher: LAP LAMBERT Academic Publishing
Publication Date: 2011
Language: English
ISBN 10: 3843390800
ISBN 13: 9783843390804
Binding: Soft cover
Condition: Like New

About this title

Synopsis

A developed capital market is a critical pillar of economic growth in a country.It provides an important alternative source of long-term finance for long-term productive investments.This helps in diffusing stresses on the banking system by matching long-term investments with long-term capital. It also offers avenues for investment prospects which encourage a thrift culture critical in rising domestic savings and investment ratios which are essential for rapid industrialisation. Additionally, it encourages broader ownership of productive assets by small savers enabling them to benefit from the country's economic growth and wealth distribution. An informed investor is a protected investor which is stressed by the form of market efficiency of the trading platform determined using the Efficient Market Hypotheses-EMH. There are three forms of hypotheses that is 1- weak form; 2- semistrong form and strong form, with the later form being the best option for an investor. An efficient market improves the efficiency of capital allocation through competitive pricing mechanism for beter utilisation of scarce resources for increased economic growth.

About the Author

Victoria B.Nakku, received her MBA-A&F from Maastricht School of Management, Studied B.Com at Makerere University Kampala and currently a finalist of ACCA-UK. Submitted a conference paper for the IMDA-International Management Development Association 2009 held in Tblisi, Georgia. A Faculty member of FEMA, Makerere University Kampala.

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