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SME Stock Exchanges – Should They Have a Greater Role?

Aljosa Sestanovic ()
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Aljosa Sestanovic: Effectus - University Collage for Law and Finance,

No 8, Effectus - Working Paper Series from Effectus - University College for Law and Finance

Abstract: Access to finance is widely recognized as one of the main impediments for growth and development of the small and medium enterprises. This article presents certain aspects of development of stock exchanges oriented towards small and medium-size enterprises. It aims to contribute towards the growing debate on funding of small and medium enterprises through dedicated stock exchanges and serve as a useful contribution to stakeholders to undertake certain steps toward implementation of effective policies for design of exchanges dedicated to financing of small and medium enterprises.

Keywords: tržište Small and medium enterprises; stock exchanges; SME exchanges; alternative markets; multilateral trade facilities (MTFs); Zagreb Stock Exchange (search for similar items in EconPapers)
JEL-codes: D53 G15 P34 (search for similar items in EconPapers)
Pages: 17 pages
Date: 2015-06
New Economics Papers: this item is included in nep-cfn, nep-cse, nep-ent and nep-sbm
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