Business Intelligence

Efficient Capital Markets: A Review Of Empirical Work On Romanian Capital Market

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Executive Summary

The Romanian capital market has enjoyed positive developments over the recent years, reflected in the dynamics of market capitalization, turnover, turnover velocity and stock price indices of its two markets, the Bucharest Stock Exchange and the RASDAQ. However, the turnover velocity and market capitalization per GDP indicators of the Romanian capital market are unsatisfactory when compared to other capital markets from the same region. However, an improvement at the level of the market efficiency can be noticed in the recent years, which can be associated with the aforementioned positive developments.

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