Text Size
This report studies a series of capital market promotion policies Korea pursued over a 30-year period during its development era (1960s-1980s). The purpose of this report is to extract lessons that can benefit policy makers in the developing world, where capital market promotion is an important policy goal. Given that the Korean government’s main interest during this era was to mobilize domestic capital for economic development and to lower its the firms’ debt-to-equity ratio, I have left out bond markets from my analyses; and when discussing the stock market, I have put greater weight on its primary market policies than the secondary market policies.
It is a great challenge for developing countries to create a strong securities market. They lack many of the institutions necessary to control information asymmetry and self-dealing. That is to say, these countries are often without legal and market institutions which ensure that minority shareholders (i) receive reliable information about the value of a company’s business and (ii) allow them to have trust and confidence in a company’s management team and controlling shareholders. (The rest omitted)
자본시장육성(Korea's capital market promotion policies) : 기업공개와 유통시장정책 경험(IPOs and other supplementary policy experiences)
| Title |
자본시장육성(Korea's capital market promotion policies)
Similar Titles
|
|---|---|
| Sub Title | 기업공개와 유통시장정책 경험(IPOs and other supplementary policy experiences) |
| Project Category | Development Cases |
| Material Type | Report |
| Author(Korean) |
김우찬 |
| Publisher |
서울 : KDI 국제정책대학원 |
| Date | 2012 |
| Project | Development Cases |
| Series Title; No | Knowledge Sharing Program: 경제발전경험 모듈화 사업 |
| ISBN | 978-89-93695-08-3; 978-89-93695-06-9(전40권) |
| Pages | 60 |
| Subject Country | South Korea(Asia and Pacific) |
| Language | Korean |
| File Type | Documents |
| Original Format | |
| Subject | Industry and Technology < Entrepreneurship |
| Holding | KDI 국제정책대학원 |
| Supervisor | KDI 국제정책대학원 |
| Organizer | 금융위원회; KDI 국제정책대학원대학교 |
| Sponsor | 기획재정부 |
| Project Term | 2011-01-01 ~ 2011-12-31 |
| License |  |
Abstract
User Note
본 보고서는 영문보고서를 축약하여 작성한 것으로 구체적인 내용은 영문보고서를 참고하시기 바랍니다.
Resources
Korea's capital market promotion policies : IPOs and other supplementary policy experiences
Kim, Woochan
/ 2012
/ Seoul
:
KDI School of Public Policy and Management
RSS