José Albuquerque de Sousa is a PhD Candidate at Rotterdam School of Management, Department of Finance. He is working on the PhD project "Nascent Markets: understanding the success and failure of new stock markets" under the supervison of Prof. Mathijs van Dijk (RSM) and Prof. Peter van Bergeijk (ISS). His main areas of interest are: financial markets, institutional investors, and the role of finance in promoting development. José is currently in a research visit to the Haas School of Business, University of California Berkeley. He will be on the job market this year with the paper "Do index funds' family ties benefit the firms they own".
Personal website: www.josealbuquerquedesousa.com
Nascent Markets: understanding the success and failure of new stock markets
Well-functioning financial markets are vital for the economy. However, we know little about how thriving markets arise, and what factors determine their success. Using a panel of ca. 65 newly established (“nascent”) stock markets since 1984, we will investigate the financial, institutional, and political economy determinants of their establishment, and of their success and failure along two dimensions: 1) the market’s basic roles (important for the market itself, companies, and investors); 2) their contribution to the economy in terms of better capital accumulation and allocation (important for society at large). Our research will help policy makers improve the architecture of new and existing stock markets.
- stock markets, financial development, emerging markets, capital allocation, institutions.
- Time frame
- 2014 -
M.A. van Dijk, J. Dul & J.A. Albuquerque de Sousa (2017). What makes new stock markets succesful?
Office: Mandeville Building T08-59
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