2014, vol. 52, br. 1-3, str. 300-316
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Pozitivni i negativni efekti izlaska JP EPS na berzu
Positive and negative effects of listing PE 'EPS' on stock exchange market
Direkcija za pravne i opšte poslove Javnog preduzeća 'Elektroprivreda Srbije'
Sažetak
Javno preduzeće 'Elektroprivreda Srbije' ima zakonom ustanovljenu obavezu da promeni pravnu formu u akcionarsko društvo i da svoje akcije podeli zaposlenima, bivšim zaposlenima i građanima koji ispunjavaju određene uslove. Na taj način stiču se uslovi da se akcije tog, tada već akcionarskog društva, nađu na berzi. Imajući u vidu aktuelnost korporativizacije JP EPS, postavlja se pitanje šta neko društvo dobija, a šta gubi izlaskom na berzu, odnosno koji su to pozitivni, a koji negativni efekti listiranja akcija na berzi. U radu se razmatraju razlozi i ukazuje se na nedvosmislenu potrebu da EPS izađe na berzu, ne samo radi sopstvenog, već i radi pokretanja privrede Republike Srbije u celini. Negativni efekti izlaska, kojih svakako ima, višestruko su manji od pozitivnih efekata. U tom smislu, potrebno je što pre stvoriti ambijent da se omogući da trgovina akcijama budućeg EPS a.d. počne što pre.
Abstract
Public Enterprise 'Electric Power Industry of Serbia' has by law established obligation to change its legal form to a joint-stock company and shares of company have to be distributed to employees, former employees and citizens who meet certain requirements. This is the way that the shares of that, by then a joint-stock company, find themselves on the stock exchange market. Due to current corporatisation of PE 'EPS', it becomes questionable what society is getting and what it can lose by going public, or which are positive and which are the negative effects of listing on the stock exchange market. This paper discusses the reasons why PE 'EPS' should list their shares on stock exchange market, not only for their own good, but also for starting the economy of the Republic of Serbia as a whole. Negative effects of the release, which certainly exist, are several times smaller than the positive effects. It is urgent to create an environment to facilitate the beginning of trading of the shares of future EPS joint-stock company as soon as possible.
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