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Corporate Governance in Emerging Capital Markets: whither Africa?
Author(s) -
Rwegasira Kami
Publication year - 2000
Publication title -
corporate governance: an international review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.866
H-Index - 85
eISSN - 1467-8683
pISSN - 0964-8410
DOI - 10.1111/1467-8683.00203
Subject(s) - restructuring , corporate governance , emerging markets , capital market , capital (architecture) , market economy , business , economics , economic governance , economic system , international economics , economy , macroeconomics , finance , history , archaeology
Having debated the pros and cons of alternative governance models in the developed market economies, a case is made for Africa’s choice to be in the direction of the institutionally‐based model. It is emphasized however that the African economies which are restructuring need to adapt the model to the peculiarities of specific economies and that the inputs from more than a single model will be necessary to provide for globally competitive capital markets in these economies.