Kuwait-University-Journal-of-Law-header
Search
Journal of Law

Previous Issues

Advance Search
Year : From To Vol
Issue Discipline:
Author

Volume :14 Issue : 1 1986      Add To Cart                                                                    Download

Social Costs of the Crisis of the Kuwaiti Stock Exchange

Auther : Sameer A. Ghani

The crisis of the Kuwaiti Stock Exchange brought about debts of dealers and decreasing the value of assets in the portfolios of investors which was caused by deferred sale of the share some imaginary companies and excess of its prices in way that was not in line with the returns thereof or the financial positions of such companies.

The writer believes that the crisis is attributed to certain reasons such as: Lack of government controls, Responsibility of the profession of accounting and auditing, deficiency of the system of negotiation, lack of a clear definition of the role of middlemen and commissioners, lack of alternative means of investment, lack of an organizational framework, vagueness of the clearance system, excess or deferred sale and insufficiency of legislative and organizational rules.

The crisis has affected the Kuwait Society as a whole represented in the state which looks after the interests of the people together with other parties involved therein. The crisis has resulted in tangible financial costs and intangible social costs and intangible social costs.

The researcher deals with the detriments done to the society with its several parties decremented by the crisis. He also deals with how to remedy that crisis through the costs of prevention which will help avoid a similar crisis in future and secure the costs of restoration.

Journal of Law
Journal of Law

You are Visitor No.

79833

Journal of Law
Journal of Law
Tell your friendsJournal of Law
Journal of Law

Last Updated

Nov 28, 2019

Journal of Law
Journal of Law
Journal of Law

Please enter your email Here to receive our news

Journal of Law