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2012, iss. 2, pp. 38-47
The capital market in order to create a new business environment in Republic of Serbia
European University, Faculty of Small and Medium Business Enterprise, Belgrade

emailtbrzakovic@kbkbroker.rs
Abstract
The capital market in the Republic of Serbia, utilizing financial institutions, instruments and a wide range of financial services, could contribute significantly to the development of a new business environment. Efficient capital markets could efficiently allocate financial resources from those who have a surplus to those who show a deficit, provide adequate provision of capital and economic growth, increase profitability and efficiency of company operations and leads to a kind of 'cleansing' economic system of inefficient businesses. Developed capital market allows long-term finance ownership by the primary shares selling, thus increasing the companies own permanent capital. It also encourages the public business, stimulate competition, ensures the solvency of the financial system, allowing easier entry of foreign capital (FDI), which is particularly important for countries like the Republic of Serbia, with a deficit of necessary financial resources.
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article language: Serbian
document type: Review Paper
published in SCIndeks: 22/03/2013