The Road to Stock Market Participation
Published Online:8 Apr 2026https://doi.org/10.1287/mnsc.2024.04496
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- Received:January 15, 2024
- Accepted:April 21, 2025
- Published Online:April 08, 2026
Copyright © 2026, INFORMS
Cite as
Sumit Agarwal, Meghana Ayyagari, Yuxi Cheng, Pulak Ghosh (2026) The Road to Stock Market Participation. Management Science 0(0).
https://doi.org/10.1287/mnsc.2024.04496
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The authors are grateful to Viral Acharya, Isha Agarwal, Giorgia Barboni (discussant), Indraneel Chakraborty, Dimas Fazio (discussant), Harrison Hong (discussant), Ross Levine, Andrea Presbitero, Srinivas Rangan, and Andre Silva as well as conference or seminar participants at the Australasian Finance and Banking Conference, Money and Finance Research Group Virtual Seminars on Banking, and the Asian Bureau of Finance and Economic Research (ABFER) Webinar on Capital Market Development for helpful comments and suggestions.
