Comparative Evolution of Romanian Capital Market and Other Central and East-European Markets
In the context of Central and East-European stock exchanges, Romanian Stock Exchange, considered to be a frontier one, distinguishes itself through: reduced dimensions, undeveloped activity, both qualitative and quantitative, low stock exchange capitalization and transparency level as well as corporative governance level under the one of the main European markets. In an instable economic zone, such as Euro zone, investors prefer the developed financial markets, where powerful companies are listed with decent liquidity and high rate of capitalization which does not bring Romanian stock exchange market to our investor’s attention. But, frontier capital markets with a high growth potential offers international investors the possibility of portfolios diversification so that, when facing crisis situations, they are interested mostly in placing their capital in less developed markets. This paper mainly deals with the evolution of the main stock exchange indicators during 2007-2012 and, secondly, it pinpoints both the lacks of the domestic stock exchange market as well as the competitive advantages that the market offers to the current and potential investors.
Volume (Year): 5 (2013)
Issue (Month): 4 (December)
|Contact details of provider:|| Postal: Splaiul Unirii nr. 176, sector 4, Bucuresti|
Web page: http://fbc.ucdc.ro/
More information through EDIRC
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Baker, Malcolm & Gompers, Paul A, 2003. "The Determinants of Board Structure at the Initial Public Offering," Journal of Law and Economics, University of Chicago Press, vol. 46(2), pages 569-98, October.
When requesting a correction, please mention this item's handle: RePEc:khe:journl:v:5:y:2013:i:4:p:155-160. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Adi Sava)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.