The Stock Market and the Financing of Corporate Growth in Africa: The Case of Ghana

Jan 01, 2006 | C.A. Yartey | IMF
This paper examines corporate financing patterns in Ghana. In particular, it investigates whether Singh's theoretically anomalous findings – whereby 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.
Theme: Long-Term Finance and Capital Markets | Country: Ghana | Pages: 44