THE PLACE OF BUCHAREST STOCK EXCHANGE AMONGST THE CAPITAL MARKETS FROM CENTRAL AND EASTERN EUROPE

Iulia-Oana Stefan
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Iulia-Oana Stefan: University of Craiova Faculty of Economics and Business Administration

Annals of University of Craiova - Economic Sciences Series, 2015, vol. 2, issue 43, 281-292

Abstract: This study performs a thorough comparative analysis over the last five years on the activity of Bucharest Stock Exchange compared to that of the major stock exchanges in Central and Eastern Europe, respectively, the Bulgarian Stock Exchange, the Bratislava Stock Exchange, the CEESEG Budapest Stock Exchange, the CEESEG Ljubljana Stock Exchange, the CEESEG Prague Stock Exchange and the Warsaw Stock Exchange. Thus, through a correlated interpretation of both the evolution of the main stock market national indices and the most important parameters reflecting the evolution of investment activity, like the numerical evolution and value of transactions with shares and bonds, number and type of listed companies and of bonds or market capitalization, we find a number of important issues. These include answers to questions such as to what extent the price of shares on the local capital market follows the trends of other central-eastern European stock exchanges or which are the stock exchanges to which the Bucharest Stock Exchange so far failed to catch development and conversely, those to which the capital market in Romania is noticeably more developed.

Keywords: capital market; stock exchange; market capitalization; stock market index; Central and Eastern Europe (search for similar items in EconPapers)
JEL-codes: G12 G15 (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:aio:aucsse:v:2:y:2015:i:43:p:281-292

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