engleski

Mandatory shares' listing effect in the Croatian capital market from 2002-2010

This paper analyses the regulatory decision of mandatory shares’ listing, brought in 2002, whose aim was to encourage Croatian companies to enter the capital market. The effect of mandatory shares’ listing is analysed by means of secondary data and survey-based answers of the CFOs of public companies. Financing policies of voluntarily and mandatorily listed firms were compared for statistical differences. The results of the research have shown that mandatory listing of shares in the capital market has not spurred public companies to issue securities and raise funds in the capital market thereafter.

mandatory shares' listing ; public companies ; subsequent securities’ offerings ; Croatian capital market

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