A REVIEW OF THE IPO ACTIVITY ON THE ROMANIAN CAPITAL MARKET. COMPARATIVE ANALYSIS WITH THE INTERNATIONAL CAPITAL MARKET Cover Image

A REVIEW OF THE IPO ACTIVITY ON THE ROMANIAN CAPITAL MARKET. COMPARATIVE ANALYSIS WITH THE INTERNATIONAL CAPITAL MARKET
A REVIEW OF THE IPO ACTIVITY ON THE ROMANIAN CAPITAL MARKET. COMPARATIVE ANALYSIS WITH THE INTERNATIONAL CAPITAL MARKET

Author(s): Laura Raisa Miloş
Subject(s): Economy
Published by: Editura Universităţii »Alexandru Ioan Cuza« din Iaşi
Keywords: capital market; IPO; financing decision

Summary/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.

  • Issue Year: 2008
  • Issue No: 55
  • Page Range: 87-95
  • Page Count: 9
  • Language: English
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