Darwinian natural selection or political interference? A political economic history of the lisbon stock exchange

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Abstract

This paper addresses the legal features of the Lisbon Stock Exchange. It gives special attention to the trade networks, global performance, and economic growth that have influenced that stock market over the centuries, ultimately determining shareholder protection, market transparency, and economic efficiency according to prevailing politics. Understanding the prerequisites of stock markets will help to promote them in the future.

Original languageEnglish
Pages (from-to)89-105
Number of pages17
JournalJournal of Private Enterprise
Volume30
Issue number1
Publication statusPublished - 2015

Keywords

  • Government regulation of capital markets
  • Lisbon Stock Exchange
  • Transparency
  •   shareholder protection

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