Capital Market Development in a Small Country

Capital Market Development in a Small Country

Project / Seminar Material
Reference ID: PS-11779-TM

DEDICATION

This research material titled “Capital Market Development in a Small Country” is dedicated to God for his enabling grace, and to all computer enthusiasts who contributed to make life a pleasant experience during my research documentation.

ACKNOWLEDGEMENT

I extend my sincere gratitude to all those who contributed to the completion of this project. Special thanks to my Supervisor (Name of your Supervisor), the Head of Department (Name of your HOD), the Lecturers in the department of Banking and Finance (BF), Book Authors and Profound Scholars of existing or related project material on “Capital Market Development in a Small Country” for their invaluable guidance, support, and expertise throughout the journey.

I am also grateful to your study area (mention any funding organizations, if applicable) for their financial assistance. This research would not have been possible without the encouragement and assistance of some stakeholders (mention any mentors, teachers, or colleagues). Additionally, I would like to acknowledge the understanding and patience of my family and friends during this endeavor. Your unwavering support has been a constant source of motivation. Thank you all for being part of this meaningful endeavor.

TABLE OF CONTENTS

PRELIMINARY PAGES

CHAPTER ONE

INTRODUCTION

    CHAPTER TWO

    LITERATURE REVIEW

    • 2.1 Introduction
    • 2.2 Conceptual Review
    • 2.3 Theoretical Framework
    • ⋮
    • 2.4 Empirical Studies

    CHAPTER THREE

    RESEARCH METHODOLOGY

    • 3.1 Introduction
    • 3.2 Research Design
    • 3.3 Population of Study
    • 3.4 Sampling and Sampling Technique
    • 3.5 Validation of Research Instrument
    • 3.6 Method of Data Collection
    • 3.7 Method of Data Analysis
    • 3.8 Questionnaire Administration
    • 3.9 Ethical Consideration
    • 3.10 Statistical Analysis

    CHAPTER FOUR

    DATA ANALYSIS, RESULT AND DISCUSSION

    • 4.1 Introduction
    • 4.2 Presentation and Analysis of Data
    • 4.3 Re-statement of Research Questions
    • 4.4 Test of Hypotheses
    • 4.5 Discussion of Findings

    CHAPTER FIVE

    SUMMARY, CONCLUSION AND RECOMMENDATION

    • 5.1 Introduction
    • 5.2 Summary of Findings
    • 5.3 Conclusion
    • 5.4 Recommendation
    • 5.5 Suggestion for Further Study

    REFERENCES

    APPENDIX A - “QUESTIONNAIRE”

    ABSTRACT

    Financial intermediation in Slovenia relies mostly on the banking system with established lending relationships, while the development of the non-bank financial sector is far behind EU peers. The dominance of bank lending has resulted in a lack of equity financing, in particular to start-ups and small and medium-sized enterprises (SME) as bank lending is biased towards existing corporations and securities markets are shallow.

    Therefore, developing more complete and deeper capital markets would enhance the growth potential and innovation in Slovenia. This paper applies a framework for analyzing the state of development of Slovene capital markets, identifying the main shortcomings, and suggests a strategy for capital market development including policy measures. The key issues to be tackled in Slovenia consist of (i) directing the trading liquidity into more transparent trade venues; (ii) expanding the supply of investible instruments; and (iii) advancing financial market integration with the EU.

    A large number of studies have reached the conclusion that deep capital markets improve the capital allocation, as reflected by higher returns and lower cost of capital from higher valuations.2 Bekaert, Harvey and Lundblad (2001, 2005) and Levine and Zervos (1996) illustrate that the cumulative effect of deeper capital markets has a positive impact on innovation and growth. This is important for Slovenia that has to compete by increasing productivity and must foster technological upgrading of its production.

    Capital Market Development in a Small Country

    CHAPTER ONE

    1.1 Introduction

    … As a prelude to other parts of this study, this chapter will discuss the background upon which this study was initiated, the statement of problems that led to this study, the Aim and Objectives of the study. Others are Significance of the study, Scope of work, Research hypothesis and questions, Limitation of the study and Definition of technical terms.

    …

    CHAPTER TWO

    2.0 Literature Review

    2.1 Introduction

    This chapter focuses on the review of related literature. A literature review includes the current knowledge as well as theoretical and methodological contributions to a particular topic. It documents the state of the art with respect to the topic you are writing. It surveys the literature in the topic selected. In this research work the literature review includes the …

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