Klaus P. Fischer George J. Papaioannou Klaus P. Fischer
Business finance in less developed economies cannot be analysed or measured by the approaches utilised in countries such as the United States and Great Britain, where stock markets can assess worth and channel capital with reasonable accuracy. Most economic theory dealing with business finance has been developed in precisely this latter environment. By bringing together economists from less developed countries with researchers from the United States and Western Europe, these essays aim to break new ground by focusing on the unique problems of capital markets in the developing world.
Business finance in less developed economies cannot be analysed or measured by the approaches utilised in countries such as the United States and Grea...
