ANALYSIS OF KNOWLEDGE ABOUT CAPITAL MARKET ACTIVITIES IN REPUBLIC OF MACEDONIA

Spaseska, Tatjana and Risteska, Aneta and Vitanova, Gordana and Odzaklieska, Dragica and Risteska, Fanka (2016) ANALYSIS OF KNOWLEDGE ABOUT CAPITAL MARKET ACTIVITIES IN REPUBLIC OF MACEDONIA. ЕКОНОМИКА, 62 (2). pp. 71-83. ISSN 0350-137X

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Abstract

Capital market represents the most important and influential segment in the
economic policy and practice, with which successful and long-lasting functioning of the
complete economical system is realized. Namely, this market offers many possibilities
for mobilizing necessary financial resources for financing current and developing
work of business entities, and on the other hand, it gives wide choice to the investors
for investing free financial resources. Namely, the establishment of a successful stock
market in a developing economy can be a major source of economic growth if it provides
development finance by channeling domestic savings and attracting foreign investment.
However, this objective is not always met, particularly in very small markets where
there are barriers to efficient market operations. In that context, the main objective
of this research is to analyze the current status of the Macedonian Capital Market
(Macedonian Stock Exchange - MSE), the extent of knowledge about Macedonian
Stock Exchange as a most important part of the capital market and the sources that
promote knowledge about capital market (stock market) activities, also to identify the
variables affect the investor’s opinion to invest in MSE. In R. Macedonia, the capital
market is not developed enough yet, that has a negative influence on business entities
financing, and all that affects economic growth and development. Namely, the research
carried out in this study has shown that public awareness for the existence and effective
functioning of the capital market in the Republic of Macedonia is on a very low level.
Altogether, it is observed that there is a long way to go for stock market operations in
the Republic of Macedonia but need to get a powerful startup with a very dedicated,
investment awareness campaign. The best model of development for Macedonian
Stock Exchange is based on the active participation of stock exchange, government
and companies inviting investors and creating confidence for secured investment.

Item Type: Article
Subjects: Scientific Fields (Frascati) > Social Sciences > Economics and Business
Divisions: Faculty of Economics
Depositing User: Mr Dimitar Risteski
Date Deposited: 19 Nov 2019 10:22
Last Modified: 05 Mar 2020 09:44
URI: https://eprints.uklo.edu.mk/id/eprint/2049

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