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The impact of transaction costs in emerging markets: the case of Dar Es Salaam Stock Exchange
2001 (English)Independent thesis Basic level (degree of Bachelor), 10 credits / 15 HE creditsStudent thesis
Abstract [en]

The role of a stock exchange in a financial market is of great importance. In Tanzania, the understandings of this lead to the opening of the Dar es Salaam Stock Exchange (DSE) in 1996. Since opening, the DSE have experienced many problems and the one problem is poor liquidity on the secondary market. One of the most critical factors adding to this problem is that very few companies are listed on the DSE. At the time of writing, there are only four. The purpose of writing this thesis was to identify how the impact of implicit transaction costs affects domestic companies when they consider whether to list on the DSE or not. In order to conduct a proper analysis, transaction cost- and stock market theory was applied to the problem. Since there is little written information on the particular subject, much of the information was collected from primary sources during the summer of 2001. The results from the analysis show that the marginal cost from listing is considered greater than the marginal utility from doing so. This causes many companies to refrain from listing.

Place, publisher, year, edition, pages
Keyword [en]
Social Behaviour Law, stock exchange, emerging markets, transaction costs, institutions, Tanzania
Keyword [sv]
Samhälls-, beteendevetenskap, juridik
URN: urn:nbn:se:ltu:diva-57869ISRN: LTU-SHU-EX--01/171--SELocal ID: e7cba388-76b6-4b6c-a3d8-436f6f0ef999OAI: diva2:1031257
Subject / course
Student thesis, at least 15 credits
Educational program
Economics, bachelor's level
Validerat; 20101217 (root)Available from: 2016-10-04 Created: 2016-10-04Bibliographically approved

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