Financial Structure, Creditworthiness and Stock Market Development: A Cross-Country Analysis

M. Kabir Hassan

No 140, Working Papers from Economic Research Forum

Abstract: This paper examines the empirical relationship between financial structure, creditworthiness and stock market development in a cross-section of countries. This paper fills a necessary gap by testing the extent to which stock market development might affect creditworthiness on the one hand. On the other hand, creditworthiness and legal institutions are tested as plausible explanatory factors of stock market development. The stock market contributes to economic growth in various ways. An efficient stock market may play a key role in economic growth.

Pages: 12 pages
Date: 2001-27-12, Revised 2001
References: View references in EconPapers View complete reference list from CitEc
Citations:

Published by The Economic Research Forum (ERF)

Downloads: (external link)
http://erf.org.eg/wp-content/uploads/2017/05/0140.pdf (application/pdf)
Our link check indicates that this URL is bad, the error code is: 404 Not Found (http://erf.org.eg/wp-content/uploads/2017/05/0140.pdf [301 Moved Permanently]--> https://erf.org.eg/wp-content/uploads/2017/05/0140.pdf)
http://bit.ly/2rtG2nz (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:erg:wpaper:0140

Access Statistics for this paper

More papers in Working Papers from Economic Research Forum Contact information at EDIRC.
Bibliographic data for series maintained by Namees Nabeel ().