 Understanding the Johannesburg Stock Exchange, Altx, South Africa Inefficiencies: Lessons from the Alternative Investment Market (Aim) in LondonLebogang Semenya and
Shepherd Dhliwayom
in ABEM Conference Proceedings from Academy of Business and Emerging Markets (ABEM), Canada, currently edited by Satyendra Singh Abstract: The study identifies inefficiencies that may be present in the AltX, inhibiting firms from listing on the exchange. The identification of inefficiencies was done through a comparison with AIM (considered the most successful alternative exchange in the world) as well as through interviews with South African AltX listed firms and unlisted SMEs. It was found that once listed, the compliance regulations were onerous, the cost of listing and compliance was high and there is a lack of marketing on the part of AltX. The improvement of these inefficiencies is important in that it may lead to better access of growth capital for SMEs in equity markets. This study makes recommendations that will enable the AltX to improve identified inefficiencies, thereby attract new listings. Keywords: Johannesburg Stock Exchange; Inefficiencies; Alternative Investment Market; London (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:ris:abemcp:023430 Access Statistics for this book More books in ABEM Conference Proceedings from Academy of Business and Emerging Markets (ABEM), Canada Edinburgh House, 708-99 Wellington Crescent, Winnipeg, R3M0A2, Canada. |
Is your work missing from RePEc? Here is how to contribute.
Questions or problems? Check the EconPapers FAQ or send mail to .
EconPapers is hosted by the
School of Business at Örebro University.