The Impact of Governance on the Level of Disclosure and its Role in Attracting and Supporting Foreign Investment: Model of Qatar Stock Exchange

The aim of this paper is to shed light on the role of financial market efficiency in attracting foreign ‎investments. To this end, the paper discusses the different investment types, the financial market ‎efficiency, the effect of governance on disclosure, and its role in attracting foreign investment. The subject ‎is emphasized from a general view and from a particular one when addressing the case of Qatar Stock ‎Exchange. The results show that governance plays an important role in increasing the level of disclosure, ‎a contributing factor to attract foreign capital. The latter is considered a pillar for the success of the ‎financial market as well as of investors. The results‏ ‏also reveal that Qatar Stock Exchange, despite its ‎recent establishment and the existence of many obstacles that prevent it from expanding as required, was ‎able to achieve remarkable results in attracting foreign investments.