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- Title
THE ROLES AND CHALLENGES OF SHARE COMPANIES IN ETHIOPIA.
- Authors
ABERA, NIGUS
- Abstract
It is known that shortage of capital is one of the factors that discourage investment in the Ethiopian economy. Share companies deliver best remedy for this problem because they can organize limitless people with small shares so that they form huge capital. Despite their potential role, Share companies are facing various challenges; due to the adverse corporate environment existing in Ethiopia. Hence, the study were conducted to explore the potential roles of share companies that can be contributed to development endeavors and identify the challenges facing them that limit their ability to achieve their roles as a result of existing Financial system. To be able to gather the necessary data, the study utilizes the descriptive analysis. Herein, the respondents were randomly selected from publicly held share companies. The questionnaire was the research instruments used for the data-gathering. The output of the study shows that although Share companies play important and crucial role in development endeavors; they are facing serious challenges. Share companies in Ethiopia are not furnished with comprehensive legislative framework and an organized as well as orderly operating environment; which could help establishment of several share companies that would accelerate the development endeavors and to the share buying public, it would enhance confidence in the industry.
- Subjects
FINANCIAL institutions; SECONDARY markets; CAPITAL shortages; PUBLIC companies; ETHIOPIAN economy
- Publication
CLEAR International Journal of Research in Commerce & Management, 2013, Vol 4, Issue 3, p110
- ISSN
2249-4561
- Publication type
Article