Bessembinder H., Venkataraman K. Does an electronic stock exchange need an upstairs market? Journal of Financial Economics 73, pp. 3-36. The aim of this paper is to analyze the evolution of SAIDAL’s performance following its restructuring, started in 1997. The what is global prime performance concept is discussed in the first part in order to identify an approach that can measure the evolution of the performance of SAIDAL. The obtained results were discussed in the last part from which it emerges that SAIDAL knows two paradoxes.

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The analysis concluded that, over the studied period, the overall performance of SAIDAL declined. Just a moment while we sign you in to your Goodreads account. Sorry, preview is currently unavailable.