Part II of this six-part series provides a brief overview of the structure of equity markets and capitalization across the Arab world.
Equity markets can be a valuable, dynamic mechanism for price discovery—facilitating capital investment, entrepreneurial equity finance, privatization, corporate restructuring, and corporate governance (Rocha et al. 2011). Efficient markets would be liquid, allowing trade to occur always with small spreads between ask and bid prices. They would enable market-based valuation of listed companies. To operate efficiently, markets would...
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