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2023
- ISIDORE Id: 10670/1.49335c...
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Exchanges, Securities Stock-exchange Securities exchanges Equity markets Commercial corners Stock markets Bulls and bears Corners, Commercial Exchanges, Stock Public markets Maghreb Barbary States Maghrib North AfricaCiter ce document
Sophie Nivoix et al., « Relativity of the quality of the equity market: The case of the stock markets of the Maghreb », Management & Avenir, ID : 10670/1.49335c...
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The concept of quality in equity markets is often unclear, and its academic study is limited to developed markets. The situation of emerging countries, and in particular those of the Maghreb, has never been deeply investigated. This is why this research aims to analyze the perception of quality by operators in these markets. Our qualitative study in three countries (Morocco, Tunisia, and Algeria) is based on twenty-six interviews with different types of operators, over the 2018–2022 period. We observe that market quality is a multidimensional concept, with efficiency and liquidity being its two major components. As for volatility, it appears as a consequence of the other two components.
