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GRADUATE SCHOOL
BORONGAN CITY
RASSEL C. SANTOS
MAED Educational Management
FINANCIAL MANAGEMENT
DR. EMILIA L. BAQUILOD
SECURITIES EXCHANGES Organizations that provide the marketplace in which firms can raise
funds through the sale of new securities and purchasers can resell securities.
NASDAQ MARKET An all-electronic trading platform used to execute securities trades.
OVER-THE-COUNTER (OTC) MARKET Market where smaller, unlisted securities are traded
INTERNATIONAL CAPITALA MARKET
Foreign bonds, a bond that is issued by a foreign corporation or government and is
denominated in the investors home currency and sold in the investors home
market.
International equity market, a market that allows corporations to sell blocks of shares to
investors in a number of different countries simultaneously
ROLE OF CAPITAL MARKETS
From the FIRMS PERSPECTIVE, the role of a capital market is to be a
liquid market where firms can interact with investors to obtain valuable external
financing resources;
From INVESTORS PERSPECTIVES, the role of a capital market is to be an
efficient market that allocates funds to their most productive uses.
REFERENCES:
Gitman, L. J. & Zutter, C. J. 2012. Principles of Financial Management. 13th edition.
Prentice Hall
Paramasivan, C. & Subramanian, T. Financial Management. New Age International
Publishers