Corporate Governance In An Emerging Market: The Case Of Israel
Despite significant capital-market reforms in the mid-1980s, the Israeli government and banks continue to play an unusually dominant role in Israeli financial markets. Israeli banks operate as merchant banks and, through pyramid structures of ownership, control large segments of manufacturing, construction, insurance, and services. In addition, the banks dominate all facets of the capital market, including underwriting, brokerage, investment advice, and the management of mutual and provident funds. 1998 Morgan Stanley.
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Volume (Year): 10 (1998)
Issue (Month): 4 ()
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