publication . Article . 2013

THE AUSTRALIAN STOCK MARKET DEVELOPMENT: PROSPECTS AND CHALLENGES

Sheilla Nyasha; Nicholas M. Odhiambo;
Open Access English
  • Published: 01 Jun 2013 Journal: Risk Governance & Control: Financial Markets & Institutions (issn: 2077-429X, eissn: 2077-4303, Copyright policy)
  • Publisher: Publishing house "Virtus Interpress"
Abstract
<jats:p>This paper highlights the origin and development of the Australian stock market. The country has three major stock exchanges, namely: the Australian Securities Exchange Group, the National Stock Exchange of Australia, and the Asia-Pacific Stock Exchange. These stock exchanges were born out of a string of stock exchanges that merged over time. Stock-market reforms have been implemented since the period of deregulation, during the 1980s; and the Exchanges responded largely positively to these reforms. As a result of the reforms, the Australian stock market has developed in terms of the number of listed companies, the market capitalisation, the total value ...
Subjects
free text keywords: Stock Market, Australia, Stock Exchange, Capitalization, Finance, HG1-9999, Strategy and Management, Economics and Econometrics, business.industry, business, Financial economics
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