Introduction into MENA Financial Markets and Institutions
There are significant differences in the levels of financial sector development among the countries throughout the MENA region. However, some broad generalisations can be made about its overall financial system. Despite the dramatic growth in financial institutions, the region’s financial sector is highly dominated by the banking system and plays a small role in the ...
Controlling Shareholders
The second half of twentieth century witnessed a trend of increasing larger groups of shareholders as the favoured mechanism to counter the managerial agency problem (Bhagat et al., 2004). These large shareholders might be controlling blockholders or institutional investors who invest on behalf of others. Their stake in the corporation might be only a minority ...