What conditions Necessary to Develop a Stock Market in an Emerging Economy?

(a) Dependable law and regulations
The existence of dependable laws and regulations, not only from the government but also from the enterprises themselves is a necessary conditions since these all the organizations to compete and cooperate with the oversea and worldwide companies.
(b) Resolution of policy risk
Investor confidence in reliable property right and stable, market-oriented policies are a necessary condition for financial integration and the development of emerging stock markets. Announced market-oriented policies may be reversed, however, and are initially not fully credible. …