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Bucharest Stock Exchange Development Between 1995 And 2020. From Frontier To Secondary Emerging Market

Author

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  • CORNELIA POP

    (Faculty of Business, Babes-Bolyai University, Cluj-Napoca, Romania)

Abstract

The current paper presents and discuss the evolution of Bucharest Stock Exchange over the past 25 years since the re-establishment of this institution. The study also discuss the upgrade and re-classification of the Romanian capital market as a secondary emerging market by the index provider FTSE Russel. Further, it presents Bucharest Stock Exchange position among the security exchanges of the former communist countries, which became member of the European Union. Also, some influences resulting from the implementation of European Union directives in financial sector are discussed The paper concludes showing that Bucharest Stock Exchange still has a long road ahead until it will fulfill the conditions to be re-classified as a full emerging market by the other two global index providers, MSCI Barra and Standard and Poor’s.

Suggested Citation

  • Cornelia Pop, 2022. "Bucharest Stock Exchange Development Between 1995 And 2020. From Frontier To Secondary Emerging Market," JOURNAL STUDIA UNIVERSITATIS BABES-BOLYAI NEGOTIA, Babes-Bolyai University, Faculty of Business.
    • Handle: RePEc:bbn:journl:2022_1_4_pop
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    File URL: https://tbs.ubbcluj.ro/RePEc/bbn/journl/Negotia_1_2022.pdf
    File Function: Revised version, 2022
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    References listed on IDEAS

    as
    1. René M. Stulz, 2009. "Securities Laws, Disclosure, and National Capital Markets in the Age of Financial Globalization," Journal of Accounting Research, John Wiley & Sons, Ltd., vol. 47(2), pages 349-390, May.
    2. Aghanya, Daniel & Agarwal, Vineet & Poshakwale, Sunil, 2020. "Market in Financial Instruments Directive (MiFID), stock price informativeness and liquidity," Journal of Banking & Finance, Elsevier, vol. 113(C).
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

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    JEL classification:

    • G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data)
    • G19 - Financial Economics - - General Financial Markets - - - Other

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