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dc.contributor.authorSharma, Parmendra
dc.contributor.authorNguyen, Tom
dc.contributor.editorAkimov, Alexandr
dc.date.accessioned2020-01-16T07:57:10Z
dc.date.available2020-01-16T07:57:10Z
dc.date.issued2012
dc.identifier.issn1836-8123
dc.identifier.otherRePEc:gri:fpaper:finance:201216
dc.identifier.urihttp://hdl.handle.net/10072/390435
dc.description.abstractIn view of the prominent law-finance-economic growth theory and the continuing debate over it, this paper examines the applicability of the law-stock market development nexus in Fiji, an island economy in the South Pacific region, where economic growth performance has generally been considered disappointing. Results from an analysis of primary and secondary data indicate that stock market development over the 1997-2007 period has been very weak compared with 55 other developed and developing countries. The evidence does not support the frequently stated or implied proposition that strengthening legal institutions is an essential pre-requisite for furthering stock market development in Fiji. This finding may have implications for other developing economies in the South Pacific and elsewhere.
dc.format.extent29 pages
dc.languageEnglish
dc.publisherGriffith University
dc.publisher.placeBrisbane, Australia
dc.relation.ispartofpagefrom1
dc.relation.ispartofpageto29
dc.subject.keywordsG18 - General Financial Markets: Government Policy and Regulation
dc.subject.keywordsK40 - Legal Procedure, the Legal System, and Illegal Behavior: General
dc.subject.keywordsG28 - Financial Institutions and Services: Government Policy and Regulation
dc.subject.keywordsFiji
dc.subject.keywordslaw and finance
dc.subject.keywordsstock market development
dc.subject.keywordsshareholder rights
dc.subject.keywordslaw enforcement quality
dc.title2012-16: Does law really matter for stock market development? The case of a South Pacific island economy: Fiji, 1997-2007 (Working paper)
dc.typeReport
dc.type.descriptionDiscussion Paper
gro.facultyGriffith Business School
gro.description.notepublicFinance
gro.rights.copyrightCopyright © 2010 by author(s). No part of this paper may be reproduced in any form, or stored in a retrieval system, without prior permission of the author(s).
gro.date.issued2012
gro.hasfulltextFull Text
gro.griffith.authorSharma, Parmendra P.
gro.griffith.authorNguyen, Tom


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