Capital Markets in Asia: Changing Roles for Economic Development
Date of publication:
2005
Publisher:
Institute of Southeast Asian Studies
Number of pages:
282
Code:
OAB1
About the publication
The content was prepared by researchers from leading think-tanks in ten East Asian economies (the AT10) covering the aspect of capital market development that they saw as most significant to their home economy.
In many economies in the region, financing start-up firms in dynamic industries such as ICT has become a major issue. The banking system, which dominates financing in East Asia, is not well suited to this task, and in some economies it is also plagued with massive non-performing loans. In many ways, capital market financing meets the needs of East Asian economies to support their future industrial development. It offers a substitute for the ailing banking system. In addition, greater reliance by East Asian firms on capital markets may strengthen their competitiveness by stabilizing access to funds for growth and improving corporate governance. And, since capital markets provide start-up as well as growth financing, a greater role for capital markets in the region will support the emergence of indigenous firms. Finally the increased requirements for financial information that emerge with the development of capital markets will drive the formation of an information infrastructure in the region.
All Open Access titles may be downloaded free of charge; simply click on the "Download" link below.
In many economies in the region, financing start-up firms in dynamic industries such as ICT has become a major issue. The banking system, which dominates financing in East Asia, is not well suited to this task, and in some economies it is also plagued with massive non-performing loans. In many ways, capital market financing meets the needs of East Asian economies to support their future industrial development. It offers a substitute for the ailing banking system. In addition, greater reliance by East Asian firms on capital markets may strengthen their competitiveness by stabilizing access to funds for growth and improving corporate governance. And, since capital markets provide start-up as well as growth financing, a greater role for capital markets in the region will support the emergence of indigenous firms. Finally the increased requirements for financial information that emerge with the development of capital markets will drive the formation of an information infrastructure in the region.
All Open Access titles may be downloaded free of charge; simply click on the "Download" link below.
Contents
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Capital Markets in Asia: Changing Roles for Economic Development
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Preliminary pages
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1. Political and Security Dynamics of South and Southeast Asia, by Donna Vandenbrink, author
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2. Political and Security Dynamics of South and Southeast Asia, by Mochammad Rosul, author
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3. Capital Market Development in the Philippines: Problems and Prospects, by Antonio T Tiongson, Jr., Victor A Abola, authors
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4. Capital Market Development in Thailand, by Pakorn Vichyanond, author
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5. The Role of China's Securities Market in SOE Reform and Private Sector Development, by Zhang Wenkui, author
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6. The Role of Hong Kong Capital Markets in Financing Chinese Mainland Enterprises, by Edward K Y Chen , Winnie P H Poon, authors
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7. Singapore as a Regional Financial Centre, by Denis Hew Wei-Yen, author
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8. Development of the Capital Market in Malaysia, by Ranjit Ajit Singh, Zainal Aznam Yusof, authors
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9. Evolution of the KOSDAQ Stock Market: Evaluation and Policy Issues, by Inseok Shin, author
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10. Financing Taiwan's Knowledge-Intensive Firms, by Ya-Hwei Yang, author
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11. The Future Role of Japanese Equity Investments in the Industrial Development of East Asia, by Seiichi Masuyama, Donna Vandenbrink, authors
