PL EN


2014 | 48 | 1 |
Article title

NewConnect na tle alternatywnych systemów obrotu w Europie. Nieprawidłowości funkcjonowania polskiego rynku ASO

Authors
Content
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Languages of publication
EN
Abstracts
EN
This paper presents an analysis of statistical data showing the development of the NewConnect market and its position in comparison with the other multilateral trading facilities in Europe. It will help to achieve the goal of the article that is defining activity areas of the NewConnect market which inhibit its development. On the basis of organizational and legal solutions used by selected European markets, some actions will be indicated which could be implied by an organizer of the NewConnect market in order to eliminate its functioning problems.
PL
Artykuł prezentuje analizę danych statystycznych pokazującą rozwój rynku NewConnect oraz jego pozycję na tle innych alternatywnych systemów obrotu w Europie. Ma to posłużyć realizacji celu artykułu, jakim jest zdefiniowanie obszarów działalności rynku NewConnect, które hamują jego rozwój. Na bazie rozwiązań organizacyjnych i prawnych stosowanych przez wybrane rynki europejskie zostaną wskazane działania, które mogłyby zostać przez organizatora rynku NewConnect implementowane w celu wyeliminowania problemów jego funkcjonowania.
Year
Volume
48
Issue
1
Physical description
Dates
published
2014
online
2015-04-27
Contributors
References
  • AIM rules for Nominated Advisers: http://www.londonstockexchange.com/companies-and-advisors/aim/publications/aim-rules-for-nominated-advisers.pdf
  • Alternative Markets/Segments in equity analysis: http://grahambishop.com/DocumentStore/d9cf5651-f676-4160-ab65-70b9e6ee6928.pdf
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  • Doidge C., Karolyi G.A., Stulz R.M. (2007), Has New York become less competitive in global markets? Evaluating foreign listing choices over time, European Corporate Governance Institute, Finance Working Paper No. 173/2007
  • European Union (2004), Directive 2004/39/EC of the European Parliament and of the Council. Markets in Financial Instruments Directive, released April 21st.
  • Gomber P., Gsell M. (2006), Catching up with Technology – The Impact of Regulatory Changes on ECNs/MTFs and the Trading Venue Landscape in Europe, Competition and Regulation in Network Industries, Vol. 1, No. 4, pp. 535–557
  • Hilton A. (ed.) (2008), AIM: The Growth Market of the Word, Newsdesk Communications Ltd., London, p. 1-117
  • Mendoza J.M. (2008), Securities regulation in low-tier listing venues: The rise of the Alternative Investment Market, Fordham Journal of Corporate & Financial Law, Volume 13, Issue 2, pp. 257–328
  • Pastusiak R. (2007), Przedsiębiorstwo na rynku kapitałowym: operacje giełdowe rynku publicznego i niepublicznego, CeDeWu, Warsaw
Document Type
Publication order reference
Identifiers
YADDA identifier
bwmeta1.element.ojs-doi-10_17951_h_2014_48_1_9
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