Efficient Market Hypothesis has dominated the field of research on capital markettheory. It states that asset prices are rationally connected to economic realities and alwaysincorporate all the information available to the market. In this way, securities markets are seen asefficient in...

The stakeholder theory is a new approach linked with the capital structure ofthe company. According to this theory, the companies must assume their financial decisionsnot only in front of the equity holders, but also in front of the other stakeholders (suppliers,customers, competition, managers...

Maintaining the market share of a company, as well as increasing it, implies using an adequate financial policy. The liabilities ratios allow the analysis of this adopted financial policy, by giving use-ful information about the structure of financing (debt or equity), emphasizing upon some...

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...