Practice of issuing securities by Macedonian companies and the necessity for establishment of investment banks in Macedonia
Practice of issuing securities by Macedonian companies and the necessity for establishment of investment banks in Macedonia

Summary/Abstract: The objective of this paper is to analyze how often Macedonian enterprises issue securities on the primary capital market in order to raise funds for capital funding and business expansion. The analysis of the amount of issued securities by the companies is presented, in total, annually for the period 2007-2012. The reasons why enterprises in Macedonia do not issue securities for raising capital is also explained. In the final part of the paper it is explained how establishment of investment banks will affect the development of the primary capital market in the country.

• Details
• Contents