Mandatory shares listing effect on further capital raising in the Croatian capital market from 2002–2010

Mihaela Grubišić Šeba

Economic Research-Ekonomska Istraživanja, 2015, vol. 28, issue 1, 1079-1095

Abstract: This article investigates regulatory impact on decisions of companies to go public and raise capital in the Croatian capital market. It questions the regulatory decision of mandatory shares listing, brought in 2002, whose aim was to encourage companies of certain size of shareholders’ equity to enter the capital market. The effect of mandatory shares listing on further capital raising in public by companies has been analysed by means of secondary data and survey-based answers of their chief financial officers. Financing policies of voluntarily and mandatorily listed firms were compared for statistical differences. The research results have shown that mandatory listing of shares in the capital market has not spurred public companies to issue securities and raise funds in the capital market thereafter.

Date: 2015
References: Add references at CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10.1080/15021149.2015.1092704 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:reroxx:v:28:y:2015:i:1:p:1079-1095

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/rero20

DOI: 10.1080/15021149.2015.1092704

Access Statistics for this article

Economic Research-Ekonomska Istraživanja is currently edited by Marinko Skare

More articles in Economic Research-Ekonomska Istraživanja from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().