Institutional Influence On The Liquidity Of The Bulgarian Stock Market

Krasimira Naydenova ()
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Krasimira Naydenova: Varna University of Economics

Business & Management Compass, 2015, issue 4, 78-89

Abstract: The liquidity on the stock market is directly dependent on the degree to which investors feel protected. The expropriation, non-transparency and low confidence are consequences of the absence of rules or their non-application. The study of the efficiency with which the institutions on the stock market in Bulgaria that are involved in the observance of the rules impose them, shows distrust in the system. The investors' evaluation of the institutions of the market infrastructure is low. Such perception of the institutional efficiency of the stock market determines its low market liquidity.

Keywords: stock market; market liquidity; institutional efficiency; proprietary rights (search for similar items in EconPapers)
JEL-codes: G10 (search for similar items in EconPapers)
Date: 2015
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