Purpose – The objective of this paper is to examine the impact of stock market development on economic growth for a sample of least developed countries. Design/methodology/approach – A panel of 10 countries for the period 1995 to 2009 was used. Taking into account the possible...

Purpose: This study seeks to explore the financial priorities, financial planning and control practices in locally-established voluntary organisations (LVOs) in a developing country context. Design/methodology/approach: Two data collection methods are used to gather views from the LVO...

This study seeks to explore the financial priorities, financial planning and control practices in locally-established voluntary organisations (LVOs) in a developing country context. Two data collection methods are used to gather views from the LVO treasurers: a questionnaire survey and...

This study examines the long-run performance of initial public offerings on the Stock Exchange of Mauritius (SEM). The results show that the 3-year equally weighted cumulative adjusted returns average - 16.5%. The magnitude of this underperformance is consistent with most reported studies in...

The aim of this study is to assess the characteristics of the hot and cold IPO markets on the Stock Exchange of Mauritius (SEM). The results show that the hot issues exhibit, on average, a greater degree of underpricing than the cold issues, although the hot issue phenomenon is not a significant...

This paper investigates the underpricing of IPOs on the Stock Exchange of Mauritius (SEM). Taking into account the whole population of firms which went public since the inception of the SEM until 2010, the results show an average degree of underpricing within the range 10–20%. Using a...

Existing literature has dealt inadequately with the causality issue in the link between financial development and economic growth. The paper investigates the empirical link between financial development and economic performance for the case of the small island developing state of Mauritius,...

None