Conference paper
FINANCIAL MARKET AND THE POSSIBILITY OF ENTERPRISE FINANCING IN AN UNDERDEVELOPED MARKET AN EXAMPLE FROM ECONOMIC PRACTICE
Dara Ljubić
; Department of Economics and Business Economics, University of Dubrovnik, Dubrovnik
Goran Vučur
; Department of Economics and Business Economics, University of Dubrovnik, Dubrovnik
Nikolina Matušić
; Department of Economics and Business Economics, University of Dubrovnik, Dubrovnik
Abstract
For a company's success in doing business (success in the market), the management capability is the most important factor, as well as other internal values and a series of environmental conditions, whether domestic (national) or foreign (international). Enterprises from developed countries with established social and economic systems, have surpassing advantages compared to the enterprises from underdeveloped countries where there is no modern system of market economy. In comparison to the situation in developed countries. Bosnia and Herzegovina is one of the countries at a very low stage of development, where there are only few or no laws, or if there are, they are not well implemented (they are not valid or functioning). It is the same with other rules and norms as well as with the state (and situation) of financial market functioning. However, apart from these and a number of other limitations, there is a chance for success, for financing and development, for ensuring business funds and investing in progress, which has been shown and proved by a specific practical example, by investing in enterprises SM and PE.
Keywords
financial market; long-term sources of finance; equity and debt securities
Hrčak ID:
161438
URI
Publication date:
27.9.2013.
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