Warsaw Rising: The Warsaw Stock Exchange a Successful Model for Transition Economies
10 Pages Posted: 17 Jan 2016
Date Written: November 15, 2015
Stock market exchanges in transition economies typically fail. The failure is, in part, due to weak or non-existing securities laws in the transition economy. The Warsaw Stock Exchange is the exception. The Warsaw Stock Exchange serves as a successful model for newly created stock exchanges in transition economies. The Polish Government implemented strong securities laws to attract foreign investors. Poland’s strong securities laws and the Warsaw Stock Exchange listed companies’ requisite compliance with government mandated corporate governance protocols provide a sense of legal, political, and economic stability to foreign investors that are seeking to invest in developing markets.
Keywords: Warsaw, stock exchange, Eastern Europe, corporate governance, international capital markets, Poland, East Central Europe, securities regulation, securities laws
JEL Classification: F31, G15, G18, G28
Suggested Citation: Suggested Citation