USP Electronic Research Repository

The South Pacific stock exchange: is it a market or status symbol?

Mala, Rajni and White, Michael M. (2009) The South Pacific stock exchange: is it a market or status symbol? Australian Accounting Review, 19 (1). pp. 54-63. ISSN 1035-6908

Full text not available from this repository.

Abstract

Listing on a stock exchange is one of the most significant events in a company's life cycle. Using a case study approach we examine why companies in Fiji list on a stock exchange. The various factors that have been found to motivate companies to list include enhancing their image and reputation, increasing the firm's value and introducing better financial and managerial practices. Importantly, the accessing of new sources of finance has not been a determinant of a company's listing decision. The findings imply that in emerging economies, stock exchange listing can be perceived as a status symbol.

Item Type: Journal Article
Subjects: H Social Sciences > HG Finance
Divisions: Faculty of Business and Economics (FBE) > School of Accounting and Finance
Depositing User: Ms Neha Harakh
Date Deposited: 23 Nov 2009 10:07
Last Modified: 13 Jul 2012 15:13
URI: http://repository.usp.ac.fj/id/eprint/1093
UNSPECIFIED

Actions (login required)

View Item