Availability of shares on the West Africa regional stock exchange: scarcity or illusion?
by Balibié Serge Auguste Bayala; Pourakin Dieudonné Djarius Bama
African J. of Accounting, Auditing and Finance (AJAAF), Vol. 6, No. 3, 2019

Abstract: This article examines the speed at which shares change hands and the empirical link between the float level and the volume of traded shares on the stock market of the regional stock exchange using secondary data from the Regional Council. The results indicate that all shares listed on the regional stock exchange value (BRVM) are less rotational and the volume of traded shares on the market is positively correlated with the volume of outstanding shares. This leads to the conclusion that most investors' approach is based on conservation of shares in the regional stock exchange value (BRVM). This will inevitably lead to a reduction of the depth and liquidity of the market due to the scarcity of shares involved on the market.

Online publication date: Tue, 16-Apr-2019

The full text of this article is only available to individual subscribers or to users at subscribing institutions.

 
Existing subscribers:
Go to Inderscience Online Journals to access the Full Text of this article.

Pay per view:
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.

Complimentary Subscribers, Editors or Members of the Editorial Board of the African J. of Accounting, Auditing and Finance (AJAAF):
Login with your Inderscience username and password:

Username:        Password:          Forgotten your password?

Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.

If you still need assistance, please email subs@inderscience.com