To list or not to list at DSE: why candidate companies hesitate?

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University of Dar es Salaam
The Dar es Salaam Stock Exchange (DSE) is being regulated by the Capital Markets and Securities Authority (CMSA). The stock exchange was established in 1996 and is governed by the Council which consists of 10 members representing various interest groups in the society. Since its establishment in 1996 there are only ten (out of which three are cross-listed) are listed with the Stock Exchange. There are so many companies in Tanzania that meet the entry criteria into the DSE however the companies do not take initiatives to get listed at the DSE. The findings from this study will be useful in evaluating the reasons that make companies in Tanzania hesitate to be listed at the DSE. To assess such effect this study inquired on the reasons that make companies hesitate to get listed at the DSE and whether companies are aware of the opportunities that are offered by the stock exchange. Also the study evaluated whether listing has improved financial position of listed companies. Data were analyzed quantitatively using the Statistical Package for Social Sciences (SPSS). Hypotheses were tested using the Chi-Square test. The findings show that the companies that are listed at the DSE are those that have been in operations for more than five years. It was also observed that the size of the company does not have any relationship with the listing status of the company. Other respondents said that they could not meet listing requirements due to their size. It was also noted that subsidiaries of foreign companies were in opinion that parent companies are listed in other markets and therefore it was not necessary for them to get listed at the DSE.
Available in print form, East Africana Collection, Dr. Wilbert Chagula Library, Class mark (THS EAF HG4551.T34M77)
Capital market, Stock exchange, Market capital, Tanzania
Msimbe, Z (2007) To list or not to list at DSE: why candidate companies hesitate?Master dissertation, University of Dar es Salaam, Dar es Salaam.