Emerging Financial Market
Over the past more than ten years, world economic growth is characterized by emerging economies that represent different economic portfolios. Countries that are in the phase between developed and developing economies are emerging markets. They face a number of challenges ranging from underdeveloped financial markets to heavy reliance on debt capital. Inadequacy of accurate information is also a challenge in these economies thus affecting their decision-making. The investors in emerging markets finance their business ventures with short-term loans as opposed to long-term loans. Due to their poorly developed financial markets, they primarily rely on debt from banks as opposed to bonds ...