Chapter 38

Equity Markets

D. Wójcik

School of Geography and the Environment, University of Oxford, Oxford, UK

St. Peter’s College, Oxford, UK

Outline

Definition, Structure, and Functions of Equity Markets

Equity markets are markets where equities are bought and sold. Equities are claims to share in the net income (income after expenses and taxes) and the assets of a business. In contrast to debt, capital collected by a business in the form of equities does not ever need to be returned. Equity holders are co-owners of the business ...

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