Issues in Finance and Industry

Inspired by the work of Ajit Singh, this volume explores how behaviour in financial capital markets affects real sector economic performance and, in particular, how it affects growth -- both the growth of business corporations, and the growth of whole developing nations. In discussing this issue, this book builds on the bridge which Singh created between the domain of business finance specialists and the disciplines of industrial and development economics. The economics of corporate mergers, the ideal blueprint for developing stock markets, and a model for financial market behaviour that will advance the economic welfare of all, rather than a handful of successful speculators, are also themes which are examined and advanced here. With contributions from a wide range of experts, this volume presents an overview of contemporary issues in the financial and industrial sectors, with fresh insights as well as an exploration of the changes experienced in these sectors since Ajit Singh first covered the subjects. This is an essential read for all scholars and policymakers interested in the current issues facing finance and industry, as well as those who have followed Ajit Singh's life and works.