The south pacific stock exchange

Is it a market or status symbol?

Rajni Mala*, Michael White

*Corresponding author for this work

Research output: Contribution to journalArticle

4 Citations (Scopus)

Abstract

Listing on a stock exchange is one of the most significant events in a company's life cycle. Using a case study approach we examine why companies in Fiji list on a stock exchange. The various factors that have been found to motivate companies to list include enhancing their image and reputation, increasing the firm's value and introducing better financial and managerial practices. Importantly, the accessing of new sources of finance has not been a determinant of a company's listing decision. The findings imply that in emerging economies, stock exchange listing can be perceived as a status symbol.

Original languageEnglish
Pages (from-to)54-63
Number of pages10
JournalAustralian Accounting Review
Volume19
Issue number1
DOIs
Publication statusPublished - Mar 2009
Externally publishedYes

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