CAPITAL MARKET PROMOTION IN CAMBODIA

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dc.contributor.advisorHee Gab CHOI-
dc.contributor.authorLY SOVANDARA-
dc.date.accessioned2018-11-08T08:11:39Z-
dc.date.available2018-11-08T08:11:39Z-
dc.date.issued2018-02-
dc.identifier.other26135-
dc.identifier.urihttps://dspace.ajou.ac.kr/handle/2018.oak/11488-
dc.description학위논문(석사)--Graduate School of International Studies Ajou University :국제통상학과,2018. 2-
dc.description.tableofcontentsChapter One - Introduction 1 1.1 Executive Summary 1 1.2 Significance of Study 3 1.3 Literature Review 4 1.4 Objective of Study 5 1.5 Research Questions 6 1.6 Research Hypothesis 6 1.7 Research Methodology and Scope of Limitation 6 1.8 Structure of the Research 7 Chapter Two - Overview of Capital Market in Cambodia 8 2.1 Current State of Securities Market in Cambodia 10 2.2 Cambodia Securities Exchange 10 2.3 Legislation 13 2.4 Growth Market 13 2.5 Liquidity Provider 15 2.6 IPO Promotion Program 16 2.7 Market Participations and Capacity Building 17 2.8 Collaboration and Integration 18 Chapter Three - Promotion Policy and Capital Market Development: A Case Study of South Korea 19 3.1 Background 19 3.2 Primary Market and Initial Public Offerings 19 3.2.1 Incitement Approach 19 3.2.2 Intimidating Approach 22 3.2.3 IPO Supplementary Measures 23 3.2.4 Equity Market Expansion 25 3.3 Other Supportive Policies 27 3.3.1 Regular-way Transaction System 27 3.3.2 Settlement and Depository System 28 3.3.2.1 Korea Securities Settlement Corporation 29 3.3.2.2 Centralized Securities Depository 29 Chapter Four - Result and Discussion 31 4.1 Capital Market Promotion Policy 31 4.1.1 IPO Process and Cost 32 4.1.2 Market Participation 32 4.1.3 Development of Investor Base 33 4.2 Efficient Capital Market 34 4.2.1 Primary Market 35 4.2.1.1 Qualified Investment Project 36 4.2.1.2 Reduction of IPO Preparing Fees 38 4.2.1.3 IPO Procedure 40 4.2.1.4 Reduction of IPO Price 41 4.2.1.5 IPO Price Stabilizing 43 4.2.1.6 Tax Incentives 44 4.2.1.7 Introduction of Fast Track 47 4.2.1.8 Listing Promotion 48 4.2.2 Secondary Market and Supportive Policy 49 4.2.2.1 Settlement and Depository System 50 4.2.2.2 Improving Corporate Disclosure 50 4.2.2.3 Investment Corporation 51 4.3 Measures for Capital Market Development in Cambodia 53 4.3.1 Linear stages of growth model 54 4.3.2 Market Anomaly 55 Chapter Five - Conclusion 56 Bibliographies 59 Appendix 61 Appendix 1: PWSA Trading Volume (2012 - Oct 2017) 61 Appendix 2: GTI Trading Volume (2014 - Oct 2017) 61 Appendix 3: PPAP Trading Volume (2015 - Oct 2017) 62 Appendix 4: PPSP Trading Volume (2016 - Oct 2017) 62 Appendix 5: PAS Trading Volume (June - Oct 2017) 63-
dc.language.isoeng-
dc.publisherGraduate School of International Studies Ajou University-
dc.rights아주대학교 논문은 저작권에 의해 보호받습니다.-
dc.titleCAPITAL MARKET PROMOTION IN CAMBODIA-
dc.typeThesis-
dc.contributor.affiliation아주대학교 국제대학원-
dc.contributor.department국제대학원 국제통상학과-
dc.date.awarded2018. 2-
dc.description.degreeMaster-
dc.identifier.localId800405-
dc.identifier.urlhttp://dcoll.ajou.ac.kr:9080/dcollection/jsp/common/DcLoOrgPer.jsp?sItemId=000000026135-
dc.subject.keywordCambodia-
dc.subject.keywordCapital Market-
dc.subject.keywordPromotion Policy-
dc.subject.keywordInterventionist Approach-
dc.subject.keywordSustainable Economic Growth-
dc.description.alternativeAbstractThis research covers promotion policies of capital market Korea committed and succeed in the initial development stage between 1960s and 1980s. The purpose of this research is twofold. The main motivation is to comprehend the policy approaches Korea took, and the second is to cluster the experiences which can benefit policymakers into Cambodia. Having similarities in term of politic and economic tendency, there are two fundamental components of Korea’s lessons to stimulate the implication over the capital market promotion policy in Cambodia. First, the trustworthy commitments of the Korean government to intervene and to incite the increase of equity offerings or Initial Public Offerings (IPOs). Second, by the undeniable fact of the economic boom in Korea, promotion policy of capital market plays a very important role to mobilize the domestic capital into national economic, as well as to diversify the source of financing for the significance of industrial development and Koreans harmonization. This study highlights the significant relations between capital market and economic growth. In addition, this research provides the findings as reference that would reflect to the design and implementation of policy priorities to flourish the capital market which contributes the sustainable of Cambodian economic growth.-
dc.title.subtitleA CASE STUDY OF SOUTH KOREA-
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Special Graduate Schools > Graduate School of International Studies > Department of International Trade > International Trade > 3. Theses(Master)
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