Many of the financial market participants are unaware of the importance of the role they play. Even the speculator, a word that seems hurtful or frowned upon, is one that helps also to give depth to the capital market.
Everyone participates in its improvement. The individuals who decide to go public of their companies to get funds that allow them to comply with business plans; the regulatory entity that authorizes its listing; investors and oddly enough, in this activity that seems merely private, State participation is key in the sense of understanding and convenience in helping their development.
But in this column, I want to refer to listed companies, the interest that doing so should arouse and the incentive that should come “from above” to multiply them. For the good of all.
It is not true that favorable macroeconomic conditions or optimistic international markets are needed to whet the appetite for prices. Incentives are needed.
This is proven by the most successful cases in the world in terms of new listed companies in the last 20 years.
From the Stock Market, no echo has been found with this concern in any Government. For the State it should be one of the important tasks to be carried out. Have listed companies, with their obligation to present quarterly balance sheets, would end up laundering the economy.
If on the part of the latter, the incentive were, for example, lower two points of Income Tax to those that are listed, after a while you could visit those that are not to ask why they squandered such a good opportunity.
At first, then, I would give up collection, but in the long run it would multiply it. Future silver against present silver. As in many fields, should be part of the agenta country and nonpartisan.
Opening capital in developed countries is a cultural issue. Companies with huge capital surpluses without the need to open it, they quote because it is well seen.
In Latin America, incentives are needed. I remember that the National Development Bank of Brazil granted cheaper active rates to those contributors. The argument in that case was that by having all the information on the listed companies he did not need a credit committee to analyze them.
We have to insist on the matter, to attract capital.
Regular Director of the Buenos Aires Stock Exchange. President and founding partner of Silver Cloud Advisors.
Source: Ambito
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