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Alternative Securities Markets in Poland and the United Kingdom (Alternatywne rynki obrotu papierami wartosciowymi w Polsce i Wielkiej Brytanii)

Author

Listed:
  • Joanna Malecka

    (Faculty of Engineering Management of the Poznan University of Technology)

Abstract

Designed for smaller, dynamically growing and innovative companies, the NewConnect market offers not only an opportunity to raise capital for development, but also prospects for a company to emerge on the public market. In terms of the number of listed companies, it is the second largest European alternative market, just after the UK AIM. Considering its total capitalization, however, it ranks ninth. This article attempts to present the development of both markets, comparing the initial nine years of operation of each of them in order to show the position and determine the future development of the Polish capital market, in particular NewConnect, established for small and medium-sized enterprises, the number of which in Poland corresponds to half the EU average.

Suggested Citation

  • Joanna Malecka, 2016. "Alternative Securities Markets in Poland and the United Kingdom (Alternatywne rynki obrotu papierami wartosciowymi w Polsce i Wielkiej Brytanii)," Problemy Zarzadzania, University of Warsaw, Faculty of Management, vol. 14(63), pages 11-24.
    • Handle: RePEc:sgm:pzwzuw:v:14:i:63:y:2016:p:11-24
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    References listed on IDEAS

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    More about this item

    Keywords

    NewConnect; AIM; SME; listed companies; admissions; alternative market;
    All these keywords.

    JEL classification:

    • G19 - Financial Economics - - General Financial Markets - - - Other
    • G20 - Financial Economics - - Financial Institutions and Services - - - General
    • G29 - Financial Economics - - Financial Institutions and Services - - - Other

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