Sajnoski, Krste (2013) Reasons for reduction of the stock exchange activities in the Republic of Macedonia. Journal of Sustainable Development, 4 (6). ISSN 1857-8519
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Abstract
The sharp crash in prices of the Macedonian Stock Exchange activities after 2007, when the Macedonian Stock Exchange Index has reached the highest value of its establishment and several-years reduced daily turnover of only about 2 thousand euros, indicates that the central institution of the capital market of the Republic of Macedonia has fallen in its own development crisis. Although there are listed more individual reasons for the state of the Stock Exchange, each of them separately is not sufficient enough to explain the occurrences. It is a matter of complex of reasons dominated by several ones in a certain period. There is no doubt that Macedonia faces the political and security risks, which reason the investors (both home and foreign ones) out of investing in long-term securities. The global crisis has an adverse influence upon the economic flows in the country, and that reflects negatively on the motivation of investing. It does not have to be underestimated the insufficient experience of working with long-term securities (as it was the adverse experience of some investors in 2007). It is talked least about the domestic investment climate as if there are no problems in the development and macroeconomic policy of the country. The improvement of the investment climate depends, in fact, upon the solving of problems and there can be explained the lost relationship between the prices of shares and their value in the Macedonian Stock Exchange.
Item Type: | Article |
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Subjects: | Social Sciences > Economics and business |
Divisions: | Faculty of Economics |
Depositing User: | Krste Sajnoski |
Date Deposited: | 18 Sep 2013 12:39 |
Last Modified: | 18 Sep 2013 12:39 |
URI: | https://eprints.ugd.edu.mk/id/eprint/7407 |
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