Investigating the relationship between mandatory contractual savings and stock market development in Sub-Saharan African countries
| dc.contributor.author | MAPOSA, Lifa | |
| dc.date.accessioned | 2019-11-21T10:04:23Z | |
| dc.date.available | 2019-11-21T10:04:23Z | |
| dc.date.issued | 2019 | |
| dc.description.abstract | The study investigates the relationship between mandatory contractual savings and stock market development in Sub-Saharan African (SSA). The rationale of the study is that establishing the relationship between mandatory contractual savings and stock market development is expected to guide long-term policies pertaining to economic growth. The findings from this study revealed that mandatory contractual savings and stock market characteristics were both still ‘thin’ in most SSA countries except South Africa. Activity on stock markets was very low, led by low listings and limited participation by institutional investors from within and without. A positive relationship was found between mandatory contractual savings, stock market capitalization and value traded, running from mandatory contractual savings to stock market development which were found to ‘cause’ stock market development. There was however no causal relationships between mandatory contractual savings and number of listed companies. The study recommends to governments to respond to the common shift from formal sector driven economies to informal sector driven economies. It also recommends to re-grow formal sectors or incorporate informal sector to participate in pension schemes. | en_US |
| dc.identifier.uri | http://research.unilus.ac.zm/xmlui/handle/123456789/141 | |
| dc.language.iso | en | en_US |
| dc.subject | Mandatory contractual savings– Sub-Sahara Africa | en_US |
| dc.subject | Stock market development – Sub-Sahara Africa | en_US |
| dc.subject | Stock market capitalization – Sub-Sahara Africa | en_US |
| dc.title | Investigating the relationship between mandatory contractual savings and stock market development in Sub-Saharan African countries | en_US |
| dc.type | Thesis | en_US |