Abstract
This paper examines whether the Casablanca Stock Exchange can serve as an effective vehicle for privatization operations in Morocco. The author, Rachid Belkahia, outlines the essential functions of a stock market in a liberal economy: primary market functions for mobilizing savings and providing long-term financing, secondary market functions for ensuring liquidity, continuous asset valuation, and facilitating industrial restructuring. The author emphasizes that an efficient stock market provides accurate price signals for both corporate managers and investors. The paper implicitly questions whether the Casablanca Stock Exchange possesses the necessary depth, efficiency, and maturity to successfully support large-scale privatization programs.
Recommended Citation
Belkahia, Rachid
(1989)
"The Casablanca Stock Exchange: A Support for Privatization Operations?,"
Revue Marocaine de Droit, d'Economie et de Gestion (Moroccan Journal of Law, Economics and Management): Vol. 8:
Iss.
2, Article 16.
https://doi.org/10.66499/2665-7112.1696
Available at:
https://scholarhub.univh2c.ma/remadeg/vol8/iss2/16
DOI
10.66499/2665-7112.1696