Disposition of Merida city, Venezuela businesses to participate in alternative stock market

Víctor Pérez (), Daniel Ramírez (), Carlos Quintero () and Armando Borrero ()
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Víctor Pérez: Centro de Investigaciones y Desarrollo Empresarial. Facultad de Ciencias Económicas y Sociales, Universidad de Los Andes, Núcleo Universitario Liria, Edificio G, Segundo piso, Mérida.
Daniel Ramírez: Departamento de Ciencias Administrativa. Facultad de Ciencias Económicas y Sociales, Universidad de Los Andes, Núcleo Universitario Liria, Edificio F, Segundo piso, Mérida.
Carlos Quintero: Departamento de Ciencias Aplicadas. Facultad de Ingeniería, Universidad de Los Andes, Núcleo “Pedro Rincón Gutiérrez”, La Hechicera, Edificio Facultad de Ingeniería, Mérida.
Armando Borrero: Departamento de Ciencias Aplicadas. Facultad de Ingeniería, Universidad de Los Andes, Núcleo “Pedro Rincón Gutiérrez”, La Hechicera, Edificio Facultad de Ingeniería, Mérida.

Economía, 2014, vol. 39, issue 37, 101-124

Abstract: Alternative Stock Markets are a modality of stock markets, where shares of SME are traded on. These markets are an alternative for SME, as they can finance their growth (issue of shares) and also investors, who have an additional investment alternative. The research aimed to study the intention of Merida city, Venezuela businesses to participate in a potential Alternative Stock Market (ASM, private or public management) and determine which factors are significant in that participation. The results show that 85 % of Merida companies are willing to participate in a private ASM and 70 % of them in a public ASM.

Keywords: Alternative Stock Market; SMEs; Financing; Stock Market. (search for similar items in EconPapers)
JEL-codes: G1 G15 G2 G23 G29 (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:ula:econom:v:39:y:2014:i:37:p:101-124

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