IDEAS home Printed from https://ideas.repec.org/a/ora/journl/v2y2024i2p151-165.html

The Role Of Government Policies In Enhancing The Performance Of The Saudi Financial Market Within The Framework Of Vision 2030

Author

Listed:
  • Djihed BOUMANKAR

    (Badji Mokhtar University, Annaba, Algeria)

  • Aboubaker KHOUALED

    (: Badji Mokhtar University, Annaba, Algeria)

  • Khayreddine BOUZERB

    (Mohamed Seddik Benyahia University, Jijel, Algeria.)

  • Abderrahmen GUEROUI

    (Higher School of Management Sciences, Annaba, Algeria)

Abstract

Financial markets are the backbone of the economy for many countries worldwide due to their importance in achieving balance within the overall financial system. They do this through various roles and tasks, such as hedging operations and managing different investments in financial instruments like stocks and bonds. This makes the management policies of financial markets significantly impact the financial environment specifically, and the global economy in general. The primary objective of this study is to clarify the role played by various government policies and procedures in improving the performance of financial markets and enhancing their contribution to the local economies of emerging countries, with a focus on the case of the Kingdom of Saudi Arabia. Equally important is the study’s aim to draw attention to ways to improve the performance of financial markets and provide an initial study on this topic, which is relatively new for Arab countries, where previous local studies remain scarce. On another level, diagnosing the governmental policies adopted in managing financial markets and revealing their various advantages and the challenges they face is highly beneficial for developing future strategies to advance these markets and enhance their competitiveness. To achieve this objective, an exploratory study was conducted based on various secondary sources, data, and reports issued by the Saudi Tadawul market. The study concluded that the different government measures adopted by the Kingdom of Saudi Arabia as part of its vision during the period 2010-2030 had a positive impact on the Saudi financial market, which has notably improved despite the economic conditions and geopolitical crises the world is currently witnessing.

Suggested Citation

  • Djihed BOUMANKAR & Aboubaker KHOUALED & Khayreddine BOUZERB & Abderrahmen GUEROUI, 2024. "The Role Of Government Policies In Enhancing The Performance Of The Saudi Financial Market Within The Framework Of Vision 2030," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 33(2), pages 151-165, December.
    • Handle: RePEc:ora:journl:v:2:y:2024:i:2:p:151-165
    as

    Download full text from publisher

    File URL: https://anale.steconomiceuoradea.ro/en/wp-content/uploads/2025/01/AUOES.December.2024.13-1.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Lee, Chia-Hao & Chou, Pei-I, 2018. "Financial openness and market liquidity in emerging markets," Finance Research Letters, Elsevier, vol. 25(C), pages 124-130.
    2. Atack,Jeremy & Neal,Larry (ed.), 2009. "The Origins and Development of Financial Markets and Institutions," Cambridge Books, Cambridge University Press, number 9780521895170.
    3. Asongu Simplice, 2011. "Government Quality Determinants of Stock Market Performance in African Countries," Working Papers of the African Governance and Development Institute. 11/019, African Governance and Development Institute..
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Efobi, Uchenna & Asongu, Simplice & Okafor, Chinelo & Tchamyou, Vanessa & Tanankem, Belmondo, 2016. "Diaspora Remittance Inflow, Financial Development and the Industrialisation of Africa," MPRA Paper 76121, University Library of Munich, Germany.
    2. Simplice A. Asongu & Joseph I. Uduji & Elda N. Okolo‐Obasi, 2020. "Drivers and Persistence of Death in Conflicts: Global Evidence," World Affairs, John Wiley & Sons, vol. 183(4), pages 389-429, December.
    3. Accominotti, Olivier, 2012. "London Merchant Banks, the Central European Panic, and the Sterling Crisis of 1931," The Journal of Economic History, Cambridge University Press, vol. 72(1), pages 1-43, March.
    4. Asongu, Simplice & Tchamyou, Vanessa & Asongu, Ndemaze & Tchamyou, Nina, 2018. "The Comparative African Economics of Governance in Fighting Terrorism," MPRA Paper 92346, University Library of Munich, Germany.
    5. Florentina Melnic & Daniel Juravle, 2020. "Governance And Access To Finance," Review of Economic and Business Studies, Alexandru Ioan Cuza University, Faculty of Economics and Business Administration, issue 25, pages 151-168, June.
    6. Asongu Simplice, 2014. "Globalization and health worker crisis: what do wealth-effects tell us?," International Journal of Social Economics, Emerald Group Publishing Limited, vol. 41(12), pages 1243-1264, November.
    7. Oasis Kodila-Tedika & Simplice Asongu, 2015. "The Effect of Intelligence on Financial Development: A Cross-Country Comparison," Working Papers of the African Governance and Development Institute. 15/002, African Governance and Development Institute..
    8. German Forero-Laverde, 2016. "Are All Booms and Busts Created Equal? A New Methodology for Understanding Bull and Bear Stock Markets," UB School of Economics Working Papers 2016/339, University of Barcelona School of Economics.
    9. Yuan, Shenguo & Wu, Zhouheng & Liu, Lanfeng, 2022. "The effects of financial openness and financial efficiency on Chinese macroeconomic volatilities," The North American Journal of Economics and Finance, Elsevier, vol. 63(C).
    10. Simplice Asongu & Rexon Nting, 2021. "The role of finance in inclusive human development in Africa revisited," Journal of Economic and Administrative Sciences, Emerald Group Publishing Limited, vol. 38(2), pages 345-370, February.
    11. Condorelli, Stefano, 2014. "The 1719-20 stock euphoria: a pan-European perspective," MPRA Paper 68652, University Library of Munich, Germany, revised Dec 2015.
    12. Simplice A. Asongu, 2014. "On foreign aid distortions to governance," Research Africa Network Working Papers 14/003, Research Africa Network (RAN).
    13. Simplice Asongu & Enowbi Batuo & Vanessa Tchamyou, 2015. "Bundling Governance: Finance versus Institutions in Private Investment Promotion," Working Papers of the African Governance and Development Institute. 15/051, African Governance and Development Institute..
    14. Simplice A. Asongu & Oasis Kodila-Tedika, 2020. "Intelligence and Slave Exports from Africa," Journal of Interdisciplinary Economics, , vol. 32(2), pages 145-159, July.
    15. Ismaila Akanni Yusuf & Mohammed Bashir Salaudeen & Hope Agbonrofo, 2021. "Social and Economic Drivers of Stock Market Performance in Nigeria," Journal of Economic Impact, Science Impact Publishers, vol. 3(3), pages 137-143.
    16. Simplice Asongu, 2014. "The Questionable Economics of Development Assistance in Africa: Hot-Fresh Evidence, 1996–2010," The Review of Black Political Economy, Springer;National Economic Association, vol. 41(4), pages 455-480, December.
    17. Yuliang Yang & Chaoqun Cui, 2022. "Which Provincial Regions in China Should Give Priority to the Redevelopment of Abandoned Coal Mines? A Redevelopment Potential Evaluation Based Analysis," Sustainability, MDPI, vol. 14(23), pages 1-22, November.
    18. Asongu, Simplice & Nwachukwu, Jacinta C., 2015. "Finance and Inclusive Human Development: Evidence from Africa," MPRA Paper 71787, University Library of Munich, Germany.
    19. Jian Zou & Yue Zhang, 2022. "The Cross‐Postgraduate Training Mode Driven by Intelligent Signal Processing Technology: Taking the Major of Finance as an Example," Advances in Mathematical Physics, John Wiley & Sons, vol. 2022(1).
    20. Michael D. Bordo, 2011. "A Historical Perspective on the Crisis of 2007–08," Central Banking, Analysis, and Economic Policies Book Series, in: Rodrigo Alfaro (ed.),Financial Stability, Monetary Policy, and Central Banking, edition 1, volume 15, chapter 2, pages 011-027, Central Bank of Chile.

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;

    JEL classification:

    • G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data)
    • G18 - Financial Economics - - General Financial Markets - - - Government Policy and Regulation

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ora:journl:v:2:y:2024:i:2:p:151-165. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catalin ZMOLE The email address of this maintainer does not seem to be valid anymore. Please ask Catalin ZMOLE to update the entry or send us the correct address (email available below). General contact details of provider: https://edirc.repec.org/data/feoraro.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.