Emerging Markets: Preferences,R isks,Performance... |
| |
Authors: | Email author" target="_blank">?eljko??evi?Email author |
| |
Institution: | (1) Department of Accounting and Finance, The Business School, University of Greenwich, Old Royal Naval College, 30 Park Row, Greenwich, London, SE10 9LS, England, United Kingdom |
| |
Abstract: | The paper surveys the most important literature on emerging markets and their performance. Emerging market countries are defined
here as the countries with low intuitional capacity in general, rather than the countries with particular economic characteristics
and per capita income; although the latter is the predominant view in the current literature. The paper places particular
importance on the legal system and legal order (compliance) in the transitional economies, stressing the importance of adequate
regulation where even more advanced regulatory models, like market regulation, should not be totally excluded. Despite many
common characteristics, emerging markets differ significantly one from another and it is very difficult, if really not impossible,
to create one ‘general theory of emerging markets’ and its financial behaviour. Finally, the practice in the last decade or
so, has proven that emerging markets are somewhat unpredictable and difficult to model. |
| |
Keywords: | emerging markets Financial Reform Market Performance Transition Social Transition |
本文献已被 SpringerLink 等数据库收录! |
|