Effective implementation of the privatization strategy of Saudi Arabia entails some challenges that need to be addressed carefully. A number of lingering issues related to the implementation of the privatization strategy of the Kingdom includes: valuation of public enterprises under imperfect...

Stock market inefficiency has important implications for both investors and authorities. When stock market fails to perform the “sensitive processor” role, investors should doubt the strategy 'hold-the-market' and adopt the strategy 'beat-the-market' to pick up the winners. In this paper a...