TAILIEUCHUNG - Lecture Financial institutions, instruments and markets (6/e): Chapter 4 - Viney

Chapter 4 - The share market and the corporation. In this chapter, the learning objectives are: Understand the nature of corporations and reasons for public listing, consider the origins and purpose of a stock exchange, discuss the role of primary and secondary markets in equity financing,. | Chapter 4 The Share Market and the Corporation Websites: 4- Learning Objectives Understand the nature of corporations and reasons for public listing Discuss the role of primary and secondary markets in equity financing Explain the derivatives and interest rate roles of a stock exchange Understand the electronic trading and settlement systems for share market transactions Explain the importance of information flows for share market efficiency Identify the main regulators of the share market Explain the role of the private equity market 4- Chapter Organisation The Nature of a Corporation The Stock Exchange The Private Equity Market Summary 4- The Nature of a Corporation Share market A formal exchange facilitating the issue, buying and selling of equity securities Publicly listed corporation A company whose shares are quoted and traded on a formal stock exchange Ordinary share The principal form of equity issued by a corporation, which bestows a claim to residual cash flows and ownership and voting rights 4- The Nature of a Corporation (cont.) The corporation differs from other business forms Ownership claims are widespread and easily transferable Owners (shareholders) do not affect the day-to-day affairs of the company Shareholders’ liability is limited to: the issue price of shares of a limited liability company any partly paid portion of shares of a no-liability company 4- The Nature of a Corporation (cont.) Advantages of the corporate form Can obtain large amounts of finance at a relatively cheap cost The liquidity of securities facilitates investor diversification and encourages investment in corporate securities Separation of ownership and control facilitates: appointment of specialised management greater effectiveness in the planning and implementation of strategic decisions 4- The Nature of a Corporation (cont.) Advantages of the corporate form (cont.) .

• Tài chính doanh nghiệp
• Stock exchange
• Private equity market
• Financial institutions
• Financial Instruments
• Financial markets
• Financial system
• Communications in Physics
• Study of HaNoi and HoChiMinh stock exchange
• Stock exchange econophysics methods
• Hanoi Stock Exchange
• Hochiminh Stock Exchange
• Investors’ stock trading behavior
• Perspective of dhaka stock exchange
• Dhaka stock exchange
• Highest educational level
• Categorized by gender
• Exchange rate
• Interest rate
• Stock return
• Vietnam stock market
• Interest rate on stock return
• Impact of exchange rate
• Dissertation abstract Accounting
• Information of exchange rate differences
• Financial statements on the stock price
• Non fianancal joint stock companies listed
• Vietnam’s stock market
• HCMC stock exchange
• Market risk
• Stock prices
• VN Index
• Ho Chi Minh City Stock Exchange
• Institutional investors
• Stock price synchronicity
• Stock price informativeness
• Informational efficiency
• Diaspora remittances at nairobi securities exchange
• Stock market development at nairobi securities exchange
• The Error Correction Term
• Foreign Investor Participation
• Stock Market Development and Nairobi Securities Exchange
• Oil prices
• Gold market
• Stock market
• Evidence from Pakistan stock exchange
• n Iran Tehran stock exchange
• chứng khoán Iran Tehran stock exchange
• giao dịch chứng khoán
• đầu tư chứng khoán
• sở giao dịch chứng khoán
• Corporate financial structure
• Manufacturers listed
• Influential factors
• Hồ Chí Minh stock exchange
• Stock exchange market
• Tạp chí khoa học
• Corporate governance on earnings management of enterprises listed
• Ho Chi Minh Stock Exchange
• The CEO duality
• Corporate governance mechanism
• Technical efficiency
• Nigerian stock exchange
• Manufacturing companies
• The technical efficiency
• Enterprise risk management
• Company value
• Nairobi stock exchange
• Enterprise risk management implementation
• Value of companies listed
• Credit affect the profitability of state owned banks listed
• The indonesia stock exchange
• State owned banks
• Significant impact on bank profitability
• Banks listed in Tehran Stock Exchange
• Tehran Stock Exchange
• Risk management on earnings volatility
• Dichev and Tang
• Journal of Accounting and Economics
• Volume spread analysis
• Stock price manipulation
• Professional traders
• World economy
• Macroeconomic policies
• Liquidity stock
• Listed stocks
• Micro factors
• Financial market
• Stock market liquidity
• market making
• price fluctuation
• Picking Strategies
• Summary of the dissertation
• Non financial information disclosure
• The level of non financial information disclosure
• Companies listed on the stock exchange
• The stock exchange
• Stock index
• Securities market in Vietnam
• Stock market index
• Finance accounting and Auditing
• Security exchange
• Corporate governance
• Involuntary delisting
• Involuntary delisting firm
• State control
• Foreign investment
• State control of Vietnamese stock market
• Economic development
• Doctoral dissertation in Finance
• Performance of exchange
• Traded funds tracking
• Tracking Vietnam stock market
• Central bank
• Stock price
• European central bank
• Influence stock prices
• Day of the week
• Zimbabwe stock exchange
• Efficient market hypothesis
• Overall stock market returns
• Establish whether returns