LEADER 05247oam  22012374  450 
001 9910826087503321
005 20230828232608.0
010   $a1-4623-2861-X
010   $a1-4527-8545-7
010   $a1-283-51336-6
010   $a9786613825810
010   $a1-4519-9307-2
035   $a(CKB)3360000000443573
035   $a(EBL)3014354
035   $a(SSID)ssj0000939937
035   $a(PQKBManifestationID)11600606
035   $a(PQKBTitleCode)TC0000939937
035   $a(PQKBWorkID)10948417
035   $a(PQKB)11703740
035   $a(OCoLC)174996490
035   $a(MiAaPQ)EBC3014354
035   $a(IMF)WPIEE2006201
035   $a(EXLCZ)993360000000443573
100   $a20020129d2006      uf             0
101 0 $aeng
135   $aur|n|---|||||
181   $ctxt
182   $cc
183   $acr
200 14$aThe Stock Market and the Financing of Corporate Growth in Africa : $eThe Case of Ghana /$fCharles Amo Yartey
210  1$aWashington, D.C. :$cInternational Monetary Fund,$d2006.
215   $a1 online resource (44 p.)
225 1 $aIMF Working Papers
300   $a"September 2006".
311   $a1-4518-6461-2 
320   $aIncludes bibliographical references.
327   $a""Contents""; ""I. INTRODUCTION""; ""II. THEORIES OF CORPORATE FINANCE""; ""III. CORPORATE FINANCING PATTERNS AROUND THE WORLD""; ""IV. THE STOCK MARKET IN GHANA""; ""V. METHODOLOGY""; ""VI. EMPIRICAL RESULTS""; ""VII. THE RESULTS IN COMPARATIVE PERSPECTIVE""; ""VIII. SUMMARY AND CONCLUSIONS""; ""APPENDIX I. DEFINITION OF VARIABLES USED IN THE ANALYSIS""; ""REFERENCES""
330 3 $aThis paper examines the corporate financing pattern in Ghana. In particular, it investigates whether Singh's theoretically anomalous findings that developing country firms make considerably more use of external finance and new equity issues than developed country firms to finance asset growth hold in the case of Ghana. Replicating Singh's methodology, our results show that compared with corporations in advanced countries, the average listed Ghanaian firm finances its growth of total assets mainly from short-term debt. The stock market, however, is the most important source of long-term finance for listed Ghanaian firms. Overall, the evidence in this paper suggests that the stock market is a surprisingly important source of finance for funding corporate growth and that stock market development in Ghana has been important.
410  0$aIMF Working Papers; Working Paper ;$vNo. 2006/201
606   $aStock exchanges$zGhana
606   $aCorporations$xGrowth
606   $aCorporate Finance$2imf
606   $aFinance: General$2imf
606   $aInvestments: Stocks$2imf
606   $aCorporate Finance and Governance: General$2imf
606   $aFinancing Policy$2imf
606   $aFinancial Risk and Risk Management$2imf
606   $aCapital and Ownership Structure$2imf
606   $aValue of Firms$2imf
606   $aGoodwill$2imf
606   $aGeneral Financial Markets: General (includes Measurement and Data)$2imf
606   $aPension Funds$2imf
606   $aNon-bank Financial Institutions$2imf
606   $aFinancial Instruments$2imf
606   $aInstitutional Investors$2imf
606   $aFinancial Institutions and Services: General$2imf
606   $aFinance$2imf
606   $aInvestment & securities$2imf
606   $aOwnership & organization of enterprises$2imf
606   $aCorporate finance$2imf
606   $aStock markets$2imf
606   $aStocks$2imf
606   $aBusiness enterprises$2imf
606   $aCorporate sector$2imf
606   $aFinancial markets$2imf
606   $aFinancial institutions$2imf
606   $aEconomic sectors$2imf
606   $aStock exchanges$2imf
606   $aCorporations--Finance$2imf
607   $aGhana$2imf
615  0$aStock exchanges
615  0$aCorporations$xGrowth.
615  7$aCorporate Finance
615  7$aFinance: General
615  7$aInvestments: Stocks
615  7$aCorporate Finance and Governance: General
615  7$aFinancing Policy
615  7$aFinancial Risk and Risk Management
615  7$aCapital and Ownership Structure
615  7$aValue of Firms
615  7$aGoodwill
615  7$aGeneral Financial Markets: General (includes Measurement and Data)
615  7$aPension Funds
615  7$aNon-bank Financial Institutions
615  7$aFinancial Instruments
615  7$aInstitutional Investors
615  7$aFinancial Institutions and Services: General
615  7$aFinance
615  7$aInvestment & securities
615  7$aOwnership & organization of enterprises
615  7$aCorporate finance
615  7$aStock markets
615  7$aStocks
615  7$aBusiness enterprises
615  7$aCorporate sector
615  7$aFinancial markets
615  7$aFinancial institutions
615  7$aEconomic sectors
615  7$aStock exchanges
615  7$aCorporations--Finance
700   $aYartey$b Charles Amo$01593231
801  0$bDcWaIMF
906   $aBOOK
912   $a9910826087503321
996   $aThe Stock Market and the Financing of Corporate Growth in Africa$93990369
997   $aUNINA