Publication detail

Information Efficiency of Czech Capital Market

REŽŇÁKOVÁ, M. ŠEDOVÁ, J.

English title

Information Efficiency of Czech Capital Market

Type

conference paper

Language

en

Original abstract

Capital market is a place on which effective supply and demand interact to set prices of financial assets – rates. Rate of a financial asset normally provides significant information signals for issuing companies, shareholders, and potential investors. Efficient fulfillment of this function depends on how the market price reflects all available relevant information. In 1995 ca. 2400 public issues were introduced in the Czech capital market, out of which only an insignificant part meets the volume requirements for public trading at this point of time. The process of re-licensing and subsequent eliminating of issues that failed to meet the requirements represents an improvement in information effectiveness of the capital market

English abstract

Capital market is a place on which effective supply and demand interact to set prices of financial assets – rates. Rate of a financial asset normally provides significant information signals for issuing companies, shareholders, and potential investors. Efficient fulfillment of this function depends on how the market price reflects all available relevant information. In 1995 ca. 2400 public issues were introduced in the Czech capital market, out of which only an insignificant part meets the volume requirements for public trading at this point of time. The process of re-licensing and subsequent eliminating of issues that failed to meet the requirements represents an improvement in information effectiveness of the capital market

Keywords in English

Capital Market, information efficiency, price of shares

RIV year

2001

Released

01.01.2001

Publisher

EU Bratislava, Podnikovohospodárska fakulta v Košiciach

Location

Košice

ISBN

80-225-1446-2

Book

International conference “Ekonomika firiem 2001"

Pages count

5

BIBTEX


@inproceedings{BUT4422,
  author="Mária {Režňáková} and Jindřiška {Šedová},
  title="Information Efficiency of Czech Capital Market",
  booktitle="International conference “Ekonomika firiem 2001"",
  year="2001",
  month="January",
  publisher="EU Bratislava, Podnikovohospodárska fakulta v Košiciach",
  address="Košice",
  isbn="80-225-1446-2"
}