A review of the IPO activity on the romanian capital market. Comparative analysis with the international capital market

Laura Raisa Milos ()
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Laura Raisa Milos: Faculty of Economics and Administrative Studies, Eftimie Murgu University, Resita

Analele Stiintifice ale Universitatii "Alexandru Ioan Cuza" din Iasi - Stiinte Economice (1954-2015), 2008, vol. 55, 87-95

Abstract: The process of transition detered for the Romanian economy the creation and development of an adequate economical infrastructure and of the institutions and mechanisms that regard the transactions with financial instruments.Through the main functions of the capital market, the one of financing the economy is one of the most important. It is an alternative to financing through the banking system, though it is slightly little used in Romania by the nonfinancial companies. In this paper the author tries to analyse the benefits of issuing equity on the capital market as a mean for financing a company’s deficit and in the same time, tries to emphasize the current state of the Romanian capital market in comparison with the other European capital markets, as far as concerns the attractiveness of capital market, measured as the volume and structure of IPO’s on the market.

Keywords: capital market; IPO; financing decision (search for similar items in EconPapers)
Date: 2008
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Persistent link: https://EconPapers.repec.org/RePEc:aic:journl:y:2008:v:55:p:87-95

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