possessed by managers on the working capital management practices of Small and Medium Enterprises (SMEs) listed on the Alternative Investment Market (AIM), from the perspective of financial directors. The analyses are based on questionnaire distributed to 248 AIM listed SMEs. The
Considering the essential role of the SMEs in every economy, coupled with the recent developments in the global financial markets, ICSA Emerging Markets Committee decided to work on Financing of SMEs through Capital Markets in Emerging Market Countries. ICSA EMC’s proposal was approved by ICSA members during the Interim Meeting held on June 11, reforms in the capital market, the contributions of capital market to economic development in Nigeria Keywords: Capital market, economic development, regulations, contributions INTRODUCTION A capital market is a segment of a nation financial system where the main article of trade is medium and long-term financial instruments. Such instruments are
This writing has sought to demonstrate an important role played by capital market in economic growth and development. Capital market enhances efficient financial intermediation. It increases mobilization of savings and therefore improves efficiency and volume of investments, economic growth and development. enhancing lending to SMEs, there is growing emphasis on the need to diversify the range of financing options that are available to SMEs, and consequently the potential role of capital markets in SME financing.3 This is partly a consequence of the retreat in bank lending post SMEs are becoming more and more a subject of high attention in the developing countries, countries in transition but also in the countries with developed economies. In market economies, SMEs are the engine of economic development. Thanks to their private ownership, entrepreneurial spirit,... Leveraging Capital Markets for Small and Medium Enterprise Financing - RWANDA No part of this publication may be reproduced, stored or transmitted in any form or by any means without prior permission in writing from the African Development The primary role of the capital market is to raise long-term funds for governments, banks, and corporations while providing a platform for the trading of securities. This fundraising is regulated by the performance of the stock and bond markets within the capital market. The World Bank and IFC launched the Joint Capital Markets program (“J-CAP”) initiative in mid-2017 to affirm their commitment to the development of local capital markets. The program builds on the Capital Markets Strengthening Facility, supported by SECO and implemented in five countries.
The role of the public sector in this effort is fun-damental: we need smart policies, better poli-cy coherence between ministries, and incentive structures that reward investment in sustainable businesses. But none of this will be enough with-out the private sector’s contribution, including stock exchanges and other capital market stake-holders. tion, the development of the capital markets has introduced new discipline into policymaking. As a result, the quality of economic policymaking has improved over the past few decades. The development of the capital markets has provided significant benefits to the average citizen. Most importantly, it has led to more jobs and higher wages.