Strengthening Trust in Israeli Financial Markets: The Case of the Demutualisation of the Tel Aviv Stock Exchange

2018 ◽  
Author(s):  
Leon Yehuda Anidjar
Keyword(s):  
Financial Markets ◽  
Stock Exchange ◽  
Tel Aviv ◽  
Tel Aviv Stock Exchange

Strengthening Trust in Israeli Financial Market: The Case of the Demutualisation of the Tel Aviv Stock Exchange

Global Jurist ◽  
2018 ◽  
Vol 19 (1) ◽  
Author(s):  
Leon Yehuda Anidjar
Keyword(s):  
Financial Markets ◽  
Financial Market ◽  
Stock Exchange ◽  
Public Companies ◽  
Tel Aviv ◽  
Corporate Governance Mechanisms ◽  
American Law ◽  
Tel Aviv Stock Exchange ◽  
Anglo American ◽  
Legislative Changes

Abstract The Israeli stock market is in turmoil. In recent years, the Israel Securities Authority has initiated significant legislative changes intended to tighten the regulation applying to public companies in Israel. These legislative changes drew their inspiration from Anglo-American law. However, it became apparent that these changes significantly impeded the operations of public companies in Israel, leading to the deletion of such companies from trading and their registration in countries with more lenient regulation. The fall in the scope of trading on the Tel Aviv Stock Exchange led to mutual recriminations between the chairperson of the Israel Securities Authority and the chairperson of the Tel Aviv Stock Exchange concerning the reasons for the current situation. The steep decline in the scope of trading on the Tel Aviv Stock Exchange exposed a crisis of trust in Israeli financial markets. I shall argue that to encourage trust in Israeli financial market, we should adopt a general reform regarding the implementation of internal corporate governance mechanisms in the working process of the Israel Securities Authority and Tel Aviv Stock Exchange. In this framework, I will discuss the implication of several insights derived from the Organizational Management theory on special processes which could enhance cooperation between financial authorities and self-regulatory organizations in Israel. I believe that adopting those processes in Israel may contribute significantly to improving trust in the local financial markets.

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Author(s):  
Bella Dubrov ◽  
Gal Zahavi
Keyword(s):  
Stock Exchange ◽  
Tel Aviv ◽  
Tel Aviv Stock Exchange

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Vol 12 (8) ◽  
pp. 1283-1298 ◽  
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Haim Levy
Keyword(s):  
Stock Exchange ◽  
Tel Aviv ◽  
Yom Kippur War ◽  
Tel Aviv Stock Exchange ◽  
Yom Kippur

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Author(s):  
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Keyword(s):  
Capital Markets ◽  
Stock Exchange ◽  
Tel Aviv ◽  
Tel Aviv Stock Exchange

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2001 ◽  
Author(s):  
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Shmuel Hauser ◽  
Amir Kirsh
Keyword(s):  
Adverse Selection ◽  
Stock Exchange ◽  
Tel Aviv ◽  
Tel Aviv Stock Exchange

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Vol 24 (1) ◽  
pp. 91-102 ◽  
Author(s):  
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Keyword(s):  
Stock Exchange ◽  
Working Capital ◽  
Tel Aviv ◽  
Tel Aviv Stock Exchange

scholarly journals Market microstructure and securities values: Evidence from the Tel Aviv Stock Exchange

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Vol 45 (3) ◽  
pp. 365-390 ◽  
Author(s):  
Yakov Amihud ◽  
Haim Mendelson ◽  
Beni Lauterbach
Keyword(s):  
Market Microstructure ◽  
Stock Exchange ◽  
Tel Aviv ◽  
Tel Aviv Stock Exchange
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