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Institutional Influence On The Liquidity Of The Bulgarian Stock Market

Author

Listed:
  • Krasimira Naydenova

    (Varna University of Economics)

Abstract

The liquidity on the stock market is directly dependent on the degree to which investors feel protected. The expropriation, non-transparency and low confidence are consequences of the absence of rules or their non-application. The study of the efficiency with which the institutions on the stock market in Bulgaria that are involved in the observance of the rules impose them, shows distrust in the system. The investors' evaluation of the institutions of the market infrastructure is low. Such perception of the institutional efficiency of the stock market determines its low market liquidity.

Suggested Citation

  • Krasimira Naydenova, 2015. "Institutional Influence On The Liquidity Of The Bulgarian Stock Market," Business & Management Compass, University of Economics Varna, issue 4, pages 78-89.
    • Handle: RePEc:vrn:journl:y:2015:i:4:p:78-89
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    More about this item

    Keywords

    stock market; market liquidity; institutional efficiency; proprietary rights;
    All these keywords.

    JEL classification:

    • G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data)

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