Open AccessEffective capital market and the enterprise accounting system
Author(s) -
Małgorzata Białas-Szymańska
Publication year - 2018
Publication title -
kwartalnik nauk o przedsiębiorstwie
Language(s) - English
Resource type - Journals
eISSN - 2719-3276
pISSN - 1896-656X
DOI - 10.5604/01.3001.0012.8121
Subject(s) - transparency (behavior) , legislature , capital market , accounting , capital (architecture) , economics , business , factor market , economic system , market economy , industrial organization , microeconomics , finance , political science , archaeology , law , history
The topic of the article is to examine the nature and structure of the relationship between the transparency of the accounting system and the efficiency of the capital market. This dependence has the character of correlation. This is a positive feedback because rational, efficient and effective functioning of the market economy, and especially the capital market, requires far-reaching transparency. Countries with a mature financial economy have introduced a number of institutional and legislative solutions that ensure the proper course of these processes. In this article the author’s concept of maps of coupling between market efficiency and complexity (transparency) of accounting is presented and discussed.