Question
African capital markets are notably inefficient, especially in raising capital for development. Highlight four factors that are usefulin explaining the market inefficiencies. 2.With respect to
- African capital markets are notably inefficient, especially in raising capital for development. Highlight four factors that are usefulin explaining the market inefficiencies.
2.With respect to development finance, explain the applicability of the following theories and concepts.
Agency theory
Information asymmetry
Moral hazard
Adverse selection
Transaction costs
Economics of contracts
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Foundations of Finance The Logic and Practice of Financial Management
Authors: Arthur J. Keown, John D. Martin, J. William Petty
8th edition
132994879, 978-0132994873
