One of the main features of the macedonian shareholding companies in the past was their lack of
transparency, which went straight to the detriment of the minority shareholders and investors.
Republic of Macedonia, in the interest of increasing transparency and thus reactivating of the
stock market, providing more attractiveness to potential investors, but also to improve liquidity,
on 15.03.2013 adopted new rules for listing by which is provided a new type of the listing on stock
market. Since the adoption of new rules over 80 Macedonian companies found themselves on the
market sub-segment - mandatory listing. Of those reasons mandatory listing was evaluated as a good
example of positive change.
Nowadays when past more than a year of practical application of the new rules for listing, it seems
quite logical and quite justified in this paper to make an analysis of whether the mandatory listing
justify the initial goals and what effects has achieved.
A. Mateski, E. Mateska, “THE EFFECTS OF MANDATORY LISTING ON THE MACEDONIAN STOCK EXCHANGE,” in FINIZ 2014 - The Role of Financial Reporting in Corporate Governance, Belgrade, Singidunum University, Serbia, 2014, pp. 70-72. doi: 10.15308/finiz-2014-70-72
Mateski, A., Mateska, E. (2014). THE EFFECTS OF MANDATORY LISTING ON THE MACEDONIAN STOCK EXCHANGE. Paper presented at FINIZ 2014 - The Role of Financial Reporting in Corporate Governance. doi:10.15308/finiz-2014-70-72