Naslov
The Development of the Corporate Bond Market in Croatia

Autori
Miloš-Sprčić, Danijela ; Wilson Ian

Izvornik
EuroMed journal of business (1450-2194) 2 (2007); 74-86

Vrsta, podvrsta i kategorija rada
Radovi u časopisima, članak, znanstveni

Ključne riječi
Emerging financial markets; corporate bond market development; companies’ motives to issue bonds

Sažetak
The growth of a corporate bond market within a country is associated with overall economic development. This paper begins with an overview of the advantages for countries and companies of financing using corporate bonds and then reviews recent developments in some of the new EU accession countries and one candidate country. Using quantitative research among a sample of Chief Financial Officers in large Croatian companies it goes on to examine the factors they consider important in using corporate bonds as a financing method and the barriers they perceive as inhibiting issuing of corporate bonds. The paper concludes that a range of macro-level, industry level, market level and firm level factors influence the rate at which corporate bond markets develop and that, in Croatia, progress can be expected to be inexorable, but slow.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

POVEZANOST RADA