The Factors of the attractiveness of the capital market of Lithuania

LTReikšminiai žodžiai: Kapitalo rinka; Kapitalo rinkos patrauklumas; Pirminis viešas platinimas; Vertybinių popierių birža; Įtraukimo į sąrašą reikalavimai; Capital market; Capital market attractiveness; Initial public offering; Listing requirements; Lithuania; Stock exchange; Stock-exchange market.

ENThe integration of world financial markets, the development of new information technologies, the availability and dependability of information and the competitiveness of national stock exchanges have considerably altered the functioning of capital markets within individual countries. Scientific researches indicate the recent worldwide increase in the number of enterprises with stock listings outside their national stock exchanges. The present article attempts to summarize the characteristics of attracting investments into the capital markets of European and BRIC countries as well as Lithuania, while laying emphasis on the behavior of issuers and the practice of initial public offering. It also gives an evaluation to the research performed by means of in-depth interview method, of the attitude of the existing as well as potential investors towards the existing and prospective possibilities in the IPO stock exchange of Lithuania. The article offers an evaluation of both the inner and outer factors, i.e. economic and legal, as well as conditions, the improvement of which might increase the attractiveness of Lithuanian capital market. [From the publication]