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

Joanna Malecka ()
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Joanna Malecka: Faculty of Engineering Management of the Poznan University of Technology

Problemy Zarzadzania, 2016, vol. 14, issue 63, 11-24

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.

Keywords: NewConnect; AIM; SME; listed companies; admissions; alternative market (search for similar items in EconPapers)
JEL-codes: G19 G20 G29 (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:sgm:pzwzuw:v:14:i:63:y:2016:p:11-24

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