Market efficiency in the Gulf has been saved
Perspectives
Market efficiency in the Gulf
ME PoV Summer 2010 issue
How do the GCC markets compare with more developed economies in terms of market efficiency?
Not too well, according to this author, though recent developments have been encouraging.
Perhaps one of the most discussed topics in corporate finance is Efficient Market Hypothesis. In a developed market such as the United States, that discussion centers on the strength of market efficiency. But in emerging markets such as the Middle East, and the Gulf Cooperation Council (GCC) countries in particular, where the securities markets have not kept pace with the spectacular growth witnessed in the last few years, the question is more whether Efficient Market Hypothesis holds at all in the region.
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