We determine the operating efficiency of business entities in six emerging Gulf countries, and examine whether the disciplinary and monitoring roles of capital markets can improve firm's operating efficiency in the region. By using stochastic frontier approach, we find that firm efficiency level...

While the paper touches upon the experience of most transition economies in Eastern and Central Europe, it focuses on the creation and functioning of capital market development in four countries in the region, namely, the Czech Republic, Hungary, Poland and Slovenia. Capital market in these four...

This paper offers proposals on stimulation of Russia's innovative economic growth through share ownership diversification, improving corporate governance practice and capital structure transformation. The paper also contains concepts on how to strengthen Russia's role in global financial markets...

The stock market dynamics in March was affected by several developments, such as a decrease in oil futures prices and the crisis situation in Cyprus. From the beginning of the month the growth was replaced by a reverse trend. The dynamics of stock market indices has led to a decrease in...

The Russian stock market in February was characterized by a minor correction in prices of majority of securities traded in the market, after growth in the previous two months. Oil futures have declined on average by 2.2%. Dollar exchange rate remained at the level below Rb/Dollar 30.35, while...

The MICEX index was declining in the first decade in November 2013 until the middle of the month when the stock market saw the beginning of insignificant uptrend in response to oil price recovery. The stock market capitalization reached Rb 24,68 trillion (38.05% of GDP) as of November 26, 2013....

The aim of the elaboration is to draw attention to selected aspects of investor relations importance for capital market functioning to increase the quality of communication with investors in the global financial market. The article presents the importance of investor relations from a...

Oil prices increase in the beginning of October 2013 was followed by a 4.2% growth in the MICEX index in the first half of the month. As of October 28, 2013, the MICEX index increased 2.7% since the start of the month and reached 1511 points. OJSC Norilsk Nickel's stocks showed maximum growth...

Crude oil prices advanced late in August 2013 and pushed up the MICEX index by 5.52% during the first decade in September 2013. As of September 26, 2013, the MICEX index advanced by 8.6% since the beginning of the month and reached 1485 points. OJSC Sberbank stocks grew up by 14.39% during 26...

The MICEX index grew up by 4.9% in the period between July 1 thru 25 basically in response to Gazprom stock price which rose by 20.37%. Stock market capitalization in that period increased by 4% or Rb 941bn to account for 37.6% of GDP as of July 25. In July 2013, the domestic corporate bond...