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The South Pacific Stock Exchange: Is it a Market or Status Symbol?

The South Pacific Stock Exchange: Is it a Market or Status Symbol? Listing on a stock exchange is one of the most significant events in a company's life cycle. Using a case study approach we examine why companies in Fiji list on a stock exchange. The various factors that have been found to motivate companies to list include enhancing their image and reputation, increasing the firm's value and introducing better financial and managerial practices. Importantly, the accessing of new sources of finance has not been a determinant of a company's listing decision. The findings imply that in emerging economies, stock exchange listing can be perceived as a status symbol. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Australian Accounting Review Wiley

The South Pacific Stock Exchange: Is it a Market or Status Symbol?

Mala, Rajni; White, Michael
Australian Accounting Review , Volume 19 (1) – Mar 1, 2009
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10 pages

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Publisher
Wiley
Copyright
© 2009 CPA Australia
ISSN
1035-6908
eISSN
1835-2561
DOI
10.1111/j.1835-2561.2009.00040.x
Publisher site
See Article on Publisher Site

Abstract

Listing on a stock exchange is one of the most significant events in a company's life cycle. Using a case study approach we examine why companies in Fiji list on a stock exchange. The various factors that have been found to motivate companies to list include enhancing their image and reputation, increasing the firm's value and introducing better financial and managerial practices. Importantly, the accessing of new sources of finance has not been a determinant of a company's listing decision. The findings imply that in emerging economies, stock exchange listing can be perceived as a status symbol.

Journal

Australian Accounting Review – Wiley

Published: Mar 1, 2009

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