Document Details

Document Type : Article In Journal 
Document Title :
Speculative Activities, Efficiency and Normative Stock Exchange
نشاط المضاربة ، الكفاءة وسوق الأسهم
 
Subject : Discussion Forum 
Document Language : English 
Abstract : This study reviews Tag el- din's ( 1996 ) paper and raises the possibilities that his organizational models may create other kinds of inefficiency. Furthermore, using Canadian stock data we extended his study and found that excess speculative activities ( bubbles ) do not add any information to the stock markets. Consequently, according to our empirical evidence, in light of Tag el-Din's view, to achieve an efficient and stable stock market, a highly regulatory normative stock exchange is needed. In this regard this study proposes that the central bank and the goeernment ensure that the investors in the stock markets have comprehensive knowledge of the stock market mechanism. Furthermore, the study proposes that government levies a tax on short-term horizon investment returns.  
ISSN : 1018-7383 
Journal Name : Islamic Economics Journal 
Volume : 13 
Issue Number : 1 
Publishing Year : 1421 AH
2001 AD 
Number Of Pages : 19 
Article Type : Article 
Added Date : Sunday, October 11, 2009 

Researchers

Researcher Name (Arabic)Researcher Name (English)Researcher TypeDr GradeEmail
أميركياAMIR KIAResearcher  

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