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Books > Business & Economics > Finance & accounting > Finance > Investment & securities > Stocks & shares
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Return Dynamics in Africa's Emerging Stock Markets (Hardcover, New)
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Return Dynamics in Africa's Emerging Stock Markets (Hardcover, New)
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Stock markets play an increasingly important part in economic life.
This is true for the public at large, of corporations, of hedge
funds, of regulatory authorities, of treasury chiefs and, of course
of students and academics who take keen interest in analysing the
behaviour of stock prices. Stock price movements are nowadays part
of the background of all our lives. Although not a perfect
indicator, stock markets tend to predict recessions as they
fluctuate with economic activity. Over the past three decades
developing countries have expanded stock markets owing to the
obvious benefits that they deliver. In Africa, the number of stock
markets increased from only six before 1989 to 21 by 2004, and
currently 24. This book examines the underlying dynamics of stock
price behaviour of Africa's most developed markets.
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