The managers of companies who decided in the past few years toget the company listed on the Stock Exchange say the fears ofRomanian entrepreneurs related to opening their businesses up tothe public and to investors are exaggerated and that Romanians aretoo secretive, considering that in developed countries mostmedium-sized and big businesses are listed on the stockexchange.
Brokers say that, although Romanian entrepreneurs would like toattract money through the Stock Exchange, when they hear abouttransparency requirements, many change their minds. "There are somany listed companies in the world that are doing very well. Ithink we are over-secretive and people exaggerate a bit. I don'tknow of any concrete cases where information published on the StockExchange affects a company's activity. The only difference is thereare more reports to draw up," says Emanoil Viciu, chairman ofTeraplast Bistri]a (TRP), the last company to get listed on theStock Exchange in 2008 through an initial public offering whichhelped it raise around 50 million lei (15.6 million euros).
The managers also say the requirements of the capital market as faras transparency and Stock Exchange investors' needs are concerned,only have to do with general information about the company, notdetailed information that can, indeed, be more sensitive.
Pentru alte știri, analize, articole și informații din business în timp real urmărește Ziarul Financiar pe WhatsApp Channels
