\nListarea la Bursa de Valori Bucure\u015fti a unor pachete minoritare din companiile de stat poate aduce venituri bugetare directe \u015fi indirecte, ar cre\u015fte transparen\u0163a, eficien\u0163a managerial\u0103 \u015fi guvernan\u0163a corporativ\u0103, consolid\u00e2nd totodat\u0103 pia\u0163a de capital rom\u00e2neasc\u0103, reiese dintr-un studiu realizat de asocia\u0163ia CFA Rom\u00e2nia, care urmeaz\u0103 s\u0103 fie lansat \u00een data de 2 octombrie 2025 la sediul BVB.<\/p>\n
\nIntitulat \u201eListarea la Bursa de Valori Bucure\u015fti a unor pachete minoritare din companiile de stat\u201d, studiul este realizat de o echip\u0103 de profesioni\u015fti cu experien\u0163\u0103 relevant\u0103 \u00een domeniul economic \u015fi financiar, to\u0163i de\u0163in\u0103tori ai titlului CFA (Chartered Financial Analyst). Lucrarea analizeaz\u0103 impactul economic, bugetar \u015fi structural al acestor list\u0103ri, eviden\u0163iind beneficiile clare \u015fi m\u0103surabile pentru stat \u015fi pentru companiile implicate.<\/p>\n
\nDrago\u015f Cabat, CFA, coordonatorul studiului, membru al Consiliului Director, a declarat urm\u0103toarele:<\/p>\n
\n\u201eAcest studiu este proiectul comun al mai multor colegi din Asocia\u0163ia CFA Rom\u00e2nia. El reflect\u0103 convingerea noastr\u0103 c\u0103, prin listarea unor pachete minoritare din companiile de stat la BVB, se poate \u00eembun\u0103t\u0103\u0163i simplu \u015fi rapid bun\u0103starea tuturor rom\u00e2nilor.<\/p>\n
\nPe de o parte, la buget vor intra \u2013 direct \u015fi indirect \u2013 sume importante de bani, at\u00e2t imediat, c\u00e2t \u015fi \u00een anii urm\u0103tori. Pe de alt\u0103 parte, companiile de stat vor fi administrate mai transparent \u015fi mai eficient.<\/p>\n
\n\u00cen plus, Rom\u00e2nia va \u00eendeplini \u015fi jaloanele asumate prin PNRR privind guvernan\u0163a corporativ\u0103, listarea \u015fi transparentizarea firmelor de\u0163inute de stat.\u201d<\/p>\n
\n <\/p>\n
\nBeneficii directe pentru companii \u015fi stat<\/p>\n
\nListarea companiilor de stat la Bursa de Valori Bucure\u015fti aduce o serie de avantaje concrete:<\/p>\n
\nTransparen\u0163\u0103 crescut\u0103<\/p>\n
\nObliga\u0163iile de raportare financiar\u0103, de guvernan\u0163\u0103 \u015fi sustenabilitate (ESG) sporesc responsabilitatea companiilor fa\u0163\u0103 de public \u015fi ac\u0163ionari, scrie CFA \u00eentr-un comunicat.<\/p>\n
\nPerforman\u0163\u0103 mai bun\u0103<\/p>\n
\nCompaniile listate tind s\u0103 fie mai profitabile, iar managementul devine mai eficient, ac\u0163ion\u00e2nd sub presiunea pie\u0163ei \u015fi a a\u015ftept\u0103rilor investitorilor.<\/p>\n
\nGuvernan\u0163\u0103 \u015fi control public \u00eembun\u0103t\u0103\u0163ite<\/p>\n
\nListarea face deciziile manageriale mai transparente \u015fi mai greu de influen\u0163at politic, iar Consiliile de Administra\u0163ie cap\u0103t\u0103 un rol activ \u00een ap\u0103rarea interesului ac\u0163ionarilor \u2014 inclusiv al statului rom\u00e2n.<\/p>\n
\nContribu\u0163ie direct\u0103 \u015fi indirect\u0103 la bugetul de stat<\/p>\n
\nStudiul eviden\u0163iaz\u0103 faptul c\u0103 listarea unor participa\u0163ii minoritare genereaz\u0103 venituri bugetare at\u00e2t prin v\u00e2nzarea de ac\u0163iuni, c\u00e2t \u015fi prin efecte secundare benefice:<\/p>\n
\n <\/p>\n","protected":false},"excerpt":{"rendered":"
Listarea la Bursa de Valori Bucure\u015fti a unor pachete minoritare din companiile de stat poate aduce venituri bugetare directe \u015fi indirecte, ar cre\u015fte transparen\u0163a, eficien\u0163a managerial\u0103 \u015fi guvernan\u0163a corporativ\u0103, consolid\u00e2nd totodat\u0103 pia\u0163a de capital rom\u00e2neasc\u0103, reiese dintr-un studiu realizat de asocia\u0163ia CFA Rom\u00e2nia, care urmeaz\u0103 s\u0103 fie lansat \u00een data de 2 octombrie 2025 la […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[510],"tags":[10412,9879,306,74,17325,7216,148,201,17527,246,373,11056,7364,33857,32991,173,98,7853,16826,12674],"class_list":["post-240654","post","type-post","status-publish","format-standard","hentry","category-actualitate","tag-asociatie","tag-beneficii","tag-bucuresti","tag-buget","tag-bunastare","tag-bursa","tag-bvb","tag-companii","tag-companii-de-stat","tag-crestere","tag-eficienta","tag-financiar","tag-listare","tag-pachete-minoritare","tag-realizare","tag-romani","tag-romania","tag-studiu","tag-transparenta","tag-venituri-bugetare"],"_links":{"self":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts\/240654","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=240654"}],"version-history":[{"count":0,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts\/240654\/revisions"}],"wp:attachment":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=240654"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=240654"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=240654"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}