Download or read book The Stock Market as a Source of Finance written by Cherian Samuel and published by World Bank Publications. This book was released on 1999 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: April 1996 Internal finance is less important for Indian firms than U.S. firms, and external debt more -- but for neither is the stockmarket an important source. In seeking funding, a firm's main choice is between external and internal financing. And, says Samuel, the evidence suggests that the stock market plays only a limited role providing finance for both U.S. and Indian firms. Samuel finds that internal finance plays less of a role for Indian firms than for U.S. firms -- and external debt a bigger role. This is consistent with theoretical predictions, given that information and agency problems are less severe for Indian firms than for U.S. firms. (India's financial system is predominantly bank-oriented, more like German and Japanese financial systems than like American and British systems.) Samuel's estimate of the role of the stock market as a source of finance is lower than other estimates, partly because of methodological approach: He studied sources and uses of funds, rather than the financing of net asset growth and capital expenditures. To the extent that these findings for India are generalizable to other developing countries -- analysis was restricted to the stock market's role in providing finance -- Samuel concludes that the development of stock markets is unlikely to spur corporate growth in developing countries. (Why, then, he wonders, do firm managers worry so much about share prices?) And there's a caveat: Foreign investors have played only a limited role in the slow-paced privatization of India's state-owned enterprises -- although in recent years, despite delayed reform of the securities market, foreign institutional investors have begun to invest more. In emerging markets in Eastern Europe and Latin America, foreign investors have played a much more active role in privatization, chiefly by investing in those stock markets. This paper is a product of the Operations Policy Group, Operations Policy Department. The author may be contacted at [email protected].

Download or read book The Stock Market as a Source of Capital written by Marco Pagano and published by . This book was released on 2008 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper complements the analysis of the decision to go public contained in Pagano et al. (1995). We compare a larger set of Italian initial public offerings, including holding companies, with size-matched private companies. Even in this larger sample we find evidence that: (i) the new equity capital raised upon listing is not used to finance subsequent investment and growth; (ii) going public reduces the cost of credit; (iii) it is often associated with equity sales by controlling shareholders, and is followed by a higher turnover of control than for other companies. A novel finding is that the funds raised are used to purchase stakes in other companies and other financial assets.

Download or read book The Stock Market Credit and Capital Formation written by Fritz Machlup and published by Ludwig von Mises Institute. This book was released on 1940 with total page 432 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Philadelphia Stock Exchange and the City It Made written by Domenic Vitiello and published by University of Pennsylvania Press. This book was released on 2010-04-14 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Philadelphia Stock Exchange and the City It Made recounts the history of America's first stock exchange and the ways it shaped the growth and decline of the city around it. Founded in 1790, the Philadelphia Stock Exchange, its member firms, and the companies they financed had profound impacts on the city's place in the world economy. At its start, the exchange and its members helped spur the development of the early United States, its financial sector, and its westward expansion. During the nineteenth century, they invested in making Philadelphia the center of industrial America, raising capital for the railroads and coal mines that connected cities to one another and built a fossil fuel-based economy. After financing the Civil War, they underwrote the growth of the modern metropolis, its transportation infrastructure, utility systems, and real estate development. At the turn of the twentieth century, stagnation of the exchange contributed to Philadelphia's loss of power in the national and world economy. This original interpretation of the roots of deindustrialization holds important lessons for other cities that have declined. The exchange's revival following World War II is a remarkable story, but it also illustrates the limits of economic development in postindustrial cities. Unlike earlier eras, the exchange's fortunes diverged from those of the city around it. Ultimately, it became part of a larger, global institution when it merged with NASDAQ in 2008. Far more than a history of a single institution, The Philadelphia Stock Exchange and the City It Made traces the evolving relationship between the exchange and the city. For people concerned with cities and their development, this study offers a long-term history of the public-private partnerships and private sector-led urban development popular today. More generally, it traces the networks of firms and institutions revealed by the securities market and its participants. Herein lies a critical and understudied part of the history of metropolitan economic development.

Download or read book Guide to Financial Markets written by Marc Levinson and published by The Economist. This book was released on 2018-07-24 with total page 250 pages. Available in PDF, EPUB and Kindle. Book excerpt: The revised and updated 7th edition of this highly regarded book brings the reader right up to speed with the latest financial market developments, and provides a clear and incisive guide to a complex world that even those who work in it often find hard to understand. In chapters on the markets that deal with money, foreign exchange, equities, bonds, commodities, financial futures, options and other derivatives, the book examines why these markets exist, how they work, and who trades in them, and gives a run-down of the factors that affect prices and rates. Business history is littered with disasters that occurred because people involved their firms with financial instruments they didn't properly understand. If they had had this book they might have avoided their mistakes. For anyone wishing to understand financial markets, there is no better guide.

Download or read book The Decision to Go Public and the Stock Market as a Source of Capital written by Ailsa Röell and published by . This book was released on 1996 with total page 258 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Stock Market Investing and Options Trating written by Brandon Allan Smith and published by Charliecreativelab. This book was released on 2020-10-23 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt: If you want to learn how to trade stocks in the best way possible, then keep reading... Stocks are an essential part of the capital for an economy of the country. Stocks are also known as "equities." It is a share in a company of a stockholder which gives them a type of security and ownership of the company to a specific limit. It plays a vital role in the growth of industries, commerce and other sectors in the country which have a direct relation with the economy of the country. Government, central banks and industries keep a close eye on the stock market to know what is happening or what the pattern of the stock market is. Both the industry and investor look into it as an essential part of the growth of their benefit and the economy as well. To understand it better let's discuss it more. When the company wants to generate/raise funds for the expansion of their business or want to set up a new venture of their business, they either opt out for the shares in the stock market which they have or get a loan from the financial institutions. When it comes to businesses expansion, the stock market is the primary source of funds for most of the businesses out there. If the business wants to raise capital, then it issues the shares of the company to others as a part of the company's ownership to them. Companies need to list the shares into the stock exchange which they want to invest for the investor. When it enters the primary market, those shares can be issued through the stock exchange to get the required funds for the business. There are rules and regulations associated with the listing on the stock exchange and a specific criterion which needs to be fulfilled for stock issuance and to make it public. This book covers the following topics: Introductory guide to the market Learn how to evaluate stocks Create passive income with shares Risk assessment and management Investment strategies Advanced strategies The stock market index Manage your company better in the long term How to buy and sell your securities Money management Analytical approach to portfolio optimization Choice of broker The secrets of the stock market Important rules and guidelines to always remember ...And much more For the investment or trade in the stock, the investor needs to pass by the brokers of the stock market. Brokers are the people whose role is the execution of selling and buying the shares with making a good deal between the parties with keeping the stock alive too. They act as a middleman between the seller and buyer party. As the buyer orders to buy a share in the market, the broker starts to look for the potential seller for the same stock, as he/she finds it, settles the deal and closes it successfully. All of these activities have to take place within the stock market. With providing potential growth for the economy, the stock market also plays a vital role in stock trading. The stock market makes the liquid assets unlike when you invest in the real estate. You can sell the stocks anytime and back with the profit for your business through a significant investment again. It makes the stocks liquid and also attracts investors to keep on investing in the stock market. Ready to get started? Click "Buy Now"!

Download or read book Stock Market Investing and Options Trading written by Brandon Allan Smith and published by . This book was released on 2020-04-22 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt: If you want to learn how to trade stocks in the best way possible, then keep reading... Stocks are an essential part of the capital for an economy of the country. Stocks are also known as "equities." It is a share in a company of a stockholder which gives them a type of security and ownership of the company to a specific limit. It plays a vital role in the growth of industries, commerce and other sectors in the country which have a direct relation with the economy of the country. Government, central banks and industries keep a close eye on the stock market to know what is happening or what the pattern of the stock market is. Both the industry and investor look into it as an essential part of the growth of their benefit and the economy as well. To understand it better let's discuss it more. When the company wants to generate/raise funds for the expansion of their business or want to set up a new venture of their business, they either opt out for the shares in the stock market which they have or get a loan from the financial institutions. When it comes to businesses expansion, the stock market is the primary source of funds for most of the businesses out there. If the business wants to raise capital, then it issues the shares of the company to others as a part of the company's ownership to them. Companies need to list the shares into the stock exchange which they want to invest for the investor. When it enters the primary market, those shares can be issued through the stock exchange to get the required funds for the business. There are rules and regulations associated with the listing on the stock exchange and a specific criterion which needs to be fulfilled for stock issuance and to make it public. This book covers the following topics: Introductory guide to the market Learn how to evaluate stocks Create passive income with shares Risk assessment and management Investment strategies Advanced strategies The stock market index Manage your company better in the long term How to buy and sell your securities Money management Analytical approach to portfolio optimization Choice of broker The secrets of the stock market Important rules and guidelines to always remember ...And much more For the investment or trade in the stock, the investor needs to pass by the brokers of the stock market. Brokers are the people whose role is the execution of selling and buying the shares with making a good deal between the parties with keeping the stock alive too. They act as a middleman between the seller and buyer party. As the buyer orders to buy a share in the market, the broker starts to look for the potential seller for the same stock, as he/she finds it, settles the deal and closes it successfully. All of these activities have to take place within the stock market. With providing potential growth for the economy, the stock market also plays a vital role in stock trading. The stock market makes the liquid assets unlike when you invest in the real estate. You can sell the stocks anytime and back with the profit for your business through a significant investment again. It makes the stocks liquid and also attracts investors to keep on investing in the stock market. Ready to get started? Click "Buy Now"!

Download or read book The World s First Stock Exchange written by Lodewijk Petram and published by Columbia University Press. This book was released on 2014-05-27 with total page 305 pages. Available in PDF, EPUB and Kindle. Book excerpt: This account of the sophisticated financial hub that was 17th-century Amsterdam “does a fine job of bringing history to life” (Library Journal). The launch of the Dutch East India Company in 1602 initiated Amsterdam’s transformation from a regional market town into a dominant financial center. The Company introduced easily transferable shares, and within days buyers had begun to trade them. Soon the public was engaging in a variety of complex transactions, including forwards, futures, options, and bear raids, and by 1680 the techniques deployed in the Amsterdam market were as sophisticated as any we practice today. Lodewijk Petram’s award-winning history demystifies financial instruments by linking today’s products to yesterday’s innovations, tying the market’s operation to the behavior of individuals and the workings of the world around them. Traveling back in time, Petram visits the harbor and other places where merchants met to strike deals. He bears witness to the goings-on at a notary’s office and sits in on the consequential proceedings of a courtroom. He describes in detail the main players, investors, shady characters, speculators, and domestic servants and other ordinary folk, who all played a role in the development of the market and its crises. His history clarifies concerns that investors still struggle with today—such as fraud, the value of information, trust and the place of honor, managing diverging expectations, and balancing risk—and does so in a way that is vivid, relatable, and critical to understanding our contemporary world.

Download or read book The Mind of Wall Street written by Leon Levy and published by PublicAffairs. This book was released on 2009-03-25 with total page 237 pages. Available in PDF, EPUB and Kindle. Book excerpt: As stock prices and investor confidence have collapsed in the wake of Enron, WorldCom, and the dot-com crash, people want to know how this happened and how to make sense of the uncertain times to come. Into the breach comes one of Wall Street's legendary investors, Leon Levy, to explain why the market so often confounds us, and why those who ought to understand it tend to get chewed up and spat out. Levy, who pioneered many of the innovations and investment instruments that we now take for granted, has prospered in every market for the past fifty years, particularly in today's bear market. In The Mind of Wall Street he recounts stories of his successes and failures to illustrate how investor psychology and willful self-deception so often play critical roles in the process. Like his peers George Soros and Warren Buffett, Levy takes a long and broad view of the rhythms of the markets and the economy. He also offers a provocative analysis of the spectacular Internet bubble, showing that the market has not yet completely recovered from its bout of "irrational exuberance." The Mind of Wall Street is essential reading for all of us, whether we are active traders or simply modest contributors to our 401(k) plans, as volatile and unnerving markets come to define so much of our net worth.

Download or read book Equity Markets in Action written by Robert A. Schwartz and published by John Wiley & Sons. This book was released on 2004-10-06 with total page 482 pages. Available in PDF, EPUB and Kindle. Book excerpt: An in-depth look at the nature of market making and exchanges From theory to practicalities, this is a comprehensive, up-to-date handbook and reference on how markets work and the nuances of trading. It includes a CD with an interactive trading simulation. Robert A. Schwartz, PhD (New York, NY), is Marvin M. Speiser Professor of Finance and University Distinguished Professor in the Zicklin School of Business, Baruch College, CUNY. Reto Francioni, PhD (Zurich, Switzerland), is President and Chairman of the Board of SWX, the Swiss Stock Exchange, and former co-CEO of Consors Discount Broker AG, Nuremberg.

Download or read book Aging and the Macroeconomy written by National Research Council and published by National Academies Press. This book was released on 2013-01-10 with total page 230 pages. Available in PDF, EPUB and Kindle. Book excerpt: The United States is in the midst of a major demographic shift. In the coming decades, people aged 65 and over will make up an increasingly large percentage of the population: The ratio of people aged 65+ to people aged 20-64 will rise by 80%. This shift is happening for two reasons: people are living longer, and many couples are choosing to have fewer children and to have those children somewhat later in life. The resulting demographic shift will present the nation with economic challenges, both to absorb the costs and to leverage the benefits of an aging population. Aging and the Macroeconomy: Long-Term Implications of an Older Population presents the fundamental factors driving the aging of the U.S. population, as well as its societal implications and likely long-term macroeconomic effects in a global context. The report finds that, while population aging does not pose an insurmountable challenge to the nation, it is imperative that sensible policies are implemented soon to allow companies and households to respond. It offers four practical approaches for preparing resources to support the future consumption of households and for adapting to the new economic landscape.

Download or read book The Decision to Go to Public and the Stock Market as a Source of Capital written by Marco Pagano and published by . This book was released on 1996 with total page 258 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Stockmarket as a Source of Finance written by Samuel and published by . This book was released on 2013 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book International Capital Flows written by Martin Feldstein and published by University of Chicago Press. This book was released on 2007-12-01 with total page 500 pages. Available in PDF, EPUB and Kindle. Book excerpt: Recent changes in technology, along with the opening up of many regions previously closed to investment, have led to explosive growth in the international movement of capital. Flows from foreign direct investment and debt and equity financing can bring countries substantial gains by augmenting local savings and by improving technology and incentives. Investing companies acquire market access, lower cost inputs, and opportunities for profitable introductions of production methods in the countries where they invest. But, as was underscored recently by the economic and financial crises in several Asian countries, capital flows can also bring risks. Although there is no simple explanation of the currency crisis in Asia, it is clear that fixed exchange rates and chronic deficits increased the likelihood of a breakdown. Similarly, during the 1970s, the United States and other industrial countries loaned OPEC surpluses to borrowers in Latin America. But when the U.S. Federal Reserve raised interest rates to control soaring inflation, the result was a widespread debt moratorium in Latin America as many countries throughout the region struggled to pay the high interest on their foreign loans. International Capital Flows contains recent work by eminent scholars and practitioners on the experience of capital flows to Latin America, Asia, and eastern Europe. These papers discuss the role of banks, equity markets, and foreign direct investment in international capital flows, and the risks that investors and others face with these transactions. By focusing on capital flows' productivity and determinants, and the policy issues they raise, this collection is a valuable resource for economists, policymakers, and financial market participants.

Download or read book Free Capital written by Guy Thomas and published by Harriman House Limited. This book was released on 2020-10-13 with total page 214 pages. Available in PDF, EPUB and Kindle. Book excerpt: 3rd edition with new foreword by Ian Cassel Wouldn't life be better if you were free of the daily grind - the conventional job and boss - and instead succeeded or failed purely on the merits of your own investment choices? Free Capital is a window into this world. Based on a series of interviews, it outlines the investing strategies, wisdom and lifestyles of 12 highly successful private investors. Each of them has accumulated $1 million or more - in most cases considerably more - mainly from stock market investment. Some have several academic degrees or backgrounds in professional finance; others left school with few qualifications and are entirely self-taught as investors. Some invest most of their money in very few shares and hold them for years at a time; others make dozens of trades every day, and hold them for at most a few hours. Some are inveterate networkers, who spend their day talking to managers at companies in which they invest; for others a share is just a symbol on a screen, and a price chart shows most of what they need to know to make their trading decisions. Free capital - money surplus to immediate living expenses - is the raw material with which these investors work. It can also be thought of as their psychological habitat, free from the petty tribulations of office politics. Lastly, free capital describes the footloose nature of their assets, which can be quickly redirected towards any type of investment anywhere in the world, without the constraints which institutional investors often face. Although it presents many advanced insights and valuable investment hints, this is not an overly technical book. It offers practical ideas and inspiration, with revealing detail and minimal jargon, making it an indispensable read for novice and experienced investors alike. *** This third edition of Free Capital follows the text of the second edition, published in 2013, with the addition of a new foreword by Ian Cassel. ***

Download or read book Capital Markets and Institutions written by Herbert Edward Dougall and published by Prentice Hall. This book was released on 1980 with total page 280 pages. Available in PDF, EPUB and Kindle. Book excerpt: