This paper discusses various legal and regulatory issues for developing strong capital and securities markets in the transition economies. Toward this end, the paper analyses the available literature, and emphasizes that: (i) the development of corporate governance should be gradual and must take into consideration the customary laws that impact on the ownership structures and related preferences for doing business in the emerging markets; and (ii) the foreign investment policies should be consistent with the development of corporate governance and vice versa.
- Emerging Capital and Securities Markets,
- Corporate Governance,
- Customary Law,
- Corporate Governance in Transition Economies
Available at: http://works.bepress.com/ali_ibrahim/2/