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The recent evolution of the Romanian capital market is characterized by an increase in the market volatility as an expression of investors’ uncertainty about the global financial instability. Thus, the objective of this study is to provide an analytical framework for the analysis of the market...
Persistent link: https://www.econbiz.de/10009291529
The effects of the great recession have also been felt in Romania and the domestic capital market, component of the …. This paper aims at presenting the evolution of the capital market in Romania for the last four years, pinpointing several …
Persistent link: https://www.econbiz.de/10011067046
A milestone for any private company is the issuance of publicly traded stocks. While the motivations and mechanism of the initial public offer are straightforward, the dynamics of the IPO activity is quite complex. Both the number of initial public offerings and the total capital raised in these...
Persistent link: https://www.econbiz.de/10010632616
This paper examines the problem of information asymmetry between foreign, local, institutional and individual investors on the Bucharest Stock Exchange (BVB) for the period 2004-2011. Using monthly returns for individual companies listed on BVB, stock market indices during the seven years...
Persistent link: https://www.econbiz.de/10012612399
The goal of this paper is to recognize the dynamics of financial integration across the European stock markets over the last two decades. We investigate two groups of markets: (1) three developed European markets in the U.K., France, and Germany; and (2) three emerging Central and Eastern...
Persistent link: https://www.econbiz.de/10011877162
Romania is among the countries that are vulnerable to the sovereign debt crisis in Europe. As a result of the global … reduction, while debt level continues to rise. This paper analyzes Romania’ vulnerabilities to sovereign debt crisis in the … eurozone. Our findings highlight the necessity of major fiscal consolidation and fiscal discipline in Romania - a periphery …
Persistent link: https://www.econbiz.de/10010631993
-end) from the year 2000 and up to 2010 is presented, both at a European level and in Romania, and the second part analyses the … years 2009 and 2010 comparing the situation in Romania with that of other countries. The analysis was based on the official … regarding Romania by comparison with the European level is the following: the value of the net assets of the investment funds is …
Persistent link: https://www.econbiz.de/10010592939
Analysing the relationships between elements of an enterprise's financial statements, especially between elements from the balance sheet and those from the profit and loss account, the rates of return adds greater utility to the consumers of financial information, offering the possibility to...
Persistent link: https://www.econbiz.de/10010743305
intend to analyse, in both comparison and dynamics, in the pre-crisis period (2007-2008 in Romania) as well as in the height …
Persistent link: https://www.econbiz.de/10010819565
This work captures the behaviour of investors who are moving away from domestic capital market and radically change their investment options while the role of capital market in financing private companies is really decreasing. Consequently, a shift to bank credit or especially the self financing...
Persistent link: https://www.econbiz.de/10010550638