The Future of Stock Exchanges in Europe

Jochen Möbert and Harald Deubener

Publications of Darmstadt Technical University, Institute for Business Studies (BWL) from Darmstadt Technical University, Department of Business Administration, Economics and Law, Institute for Business Studies (BWL)

Abstract: We survey the future development of stock exchanges in Europe. Experts and non-experts evaluated several scenarios regarding who would survives as an independent as well as alliances, mergers and acquisitions. Nearly all respondents agreed that the landscape will undergo change. However, on average the respondents did not assign high probabilities to one particular future scenario. We also asked for important microeconomic and macroeconomic variables which might have an impact on the success of a stock exchange. The results indicate that while both types of variables have a relatively small influence on the different scenarios, the respondents think macroeconomic variables are less important than microeconomic variables. The uncertainty of a specific future scenario is also expressed in the economical and statistical significance of characteristics exhibited by the interviewees.

JEL-codes: F36 G29 (search for similar items in EconPapers)
Date: 2006-03
Note: for complete metadata visit http://tubiblio.ulb.tu-darmstadt.de/36778/
References: Add references at CitEc
Citations:

Published in Darmstadt Discussion Papers in Economics . 162 (2006-03)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:dar:wpaper:36778

Access Statistics for this paper

More papers in Publications of Darmstadt Technical University, Institute for Business Studies (BWL) from Darmstadt Technical University, Department of Business Administration, Economics and Law, Institute for Business Studies (BWL) Contact information at EDIRC.
Bibliographic data for series maintained by Dekanatssekretariat ().