Even though it is well documented that privatization leads to an improvement in the performance of state-owned enterprises (SOEs) following divestiture, it is argued that the existing literature suffers from a misspecification measure because it does not consider the performance of control firms...

The return-risk trade-off of the 100 stocks contained in the Egyptian EGX100 index is examined. The Egyptian stock market has an average free float of only 45%. It is estimated that 50% of trading in the free float stocks is dominated by large investors, and local and international fund...

The study tries to shed light on the question of why the economic development of Malaysia, United Arab Emirates (UAE) and Egypt had different success rates during the period from 1971 and 2009. The three countries are moderate Islamic countries and had started their economic development about...