Chaudhry, Muhammad I.; Sam, Abdoul G. - In: Applied Financial Economics 24 (2014) 23, pp. 1515-1527
The Karachi Stock Exchange (KSE) has consistently outperformed better known emerging markets like Brazil, India and China over the past decade. However, some economists, notably Khwja and Mian (2005), claim that trade-based manipulation as opposed to firm fundamentals is the real cause behind...
