Czech Capital Market as Part of Unified European Financial Market

Czech Capital Market as Part of Unified European Financial Market

Stať ve sborníku v databázi WoS či Scopus

Czech capital market is relatively new and can be characterised as speculative. The performed survey of application of financial analysis indicators to decisions concerning capital market investment has shown a relatively significant level of correlation between the security rate and certain selected indicators. Effective performance of capital market is preconditioned by creation of appropriate institutional and legislative conditions. It can be said that the institutional preconditions have been created since 1989. As for the legislative conditions a number of amendments have been implemented heading towards establishment of standard legislative environment in the Czech Republic. Despite that, however, there are still a number of problems, especially in the area of quality and scope of information disclosure preconditioning market transparency.

Czech capital market is relatively new and can be characterised as speculative. The performed survey of application of financial analysis indicators to decisions concerning capital market investment has shown a relatively significant level of correlation between the security rate and certain selected indicators. Effective performance of capital market is preconditioned by creation of appropriate institutional and legislative conditions. It can be said that the institutional preconditions have been created since 1989. As for the legislative conditions a number of amendments have been implemented heading towards establishment of standard legislative environment in the Czech Republic. Despite that, however, there are still a number of problems, especially in the area of quality and scope of information disclosure preconditioning market transparency.

Eu accession, Czech capital market, financial analysis indicators

REŽŇÁKOVÁ, M.; NÝVLTOVÁ, R.

01.01.2003

University of Rijeka, University of Ljubljana, Universita Degli Studi Di Triste

Opatija, Chorvatsko

961-240-004-0

Economic System of European Union and Accession of the Republic of Croatia

xx

15