INFLUENCE OF MARKET CHANGES ON PRIMARY PUBLIC EMISSIONS Cover Image

ВЛИЯНИЕ НА ПАЗАРНИТЕ ПРОМЕНИ ВЪРХУ ПЪРВИЧНИТЕ ПУБЛИЧНИ ЕМИСИИ
INFLUENCE OF MARKET CHANGES ON PRIMARY PUBLIC EMISSIONS

Author(s): Petar Atanasov
Subject(s): Politics / Political Sciences, Economy, National Economy, Public Administration, Financial Markets, Public Finances
Published by: Софийски университет »Св. Климент Охридски«
Keywords: capital market; primary public emissions; company's life cycle.

Summary/Abstract: Publicity is one of the most important events in a company's life cycle. The decision to move from the private to the public sector involves significant and diverse potential costs and benefits. The initial public offering is often the largest single capital issue that a company makes and marks an important transition in terms of regulation, ownership structure and information environment. Theoretically, the capital market should attract, concentrate, and redirect the free financial resource to the business, responding to its preferences for risk and liquidity. The functions and tasks thus defined are sufficiently met by the primary market, the size of which is relatively small compared to the secondary market and the derivatives market. The study of the relationship between market changes and primary public emissions is crucial for the analysis and forecasts of both indicators.

  • Issue Year: 11/2020
  • Issue No: 3
  • Page Range: 41-48
  • Page Count: 8
  • Language: Bulgarian