Does the Alternative Investment Market nurture firm growth ? A comparison between listed and private companies
Valérie Revest
(1)
,
Alessandro Sapio
(2)
Valérie Revest
- Fonction : Auteur
- PersonId : 11650
- IdHAL : valerie-revest
- ORCID : 0000-0002-0083-0106
- IdRef : 086848267
Résumé
The creation of stock market segments with low admission requirements was welcomed in the 1990s as an essential move to release small- and medium-sized enterprises from their dependency on banks for external funding, thereby removing the financial barriers that hinder their growth and competitiveness. But does easier access to public equity really translate into superior real performance? We explore this issue by focusing on the Alternative Investment Market (AIM), a "junior" segment of the London Stock Exchange that has experienced long-lasting growth in capitalization. (...)
Domaines
Economies et financesFormat du dépôt | Notice |
---|---|
Type de dépôt | Article dans une revue |
Titre |
en
Does the Alternative Investment Market nurture firm growth ? A comparison between listed and private companies
|
Résumé |
en
The creation of stock market segments with low admission requirements was welcomed in the 1990s as an essential move to release small- and medium-sized enterprises from their dependency on banks for external funding, thereby removing the financial barriers that hinder their growth and competitiveness. But does easier access to public equity really translate into superior real performance? We explore this issue by focusing on the Alternative Investment Market (AIM), a "junior" segment of the London Stock Exchange that has experienced long-lasting growth in capitalization. (...)
|
Auteur(s) |
Valérie Revest
1
, Alessandro Sapio
2
1
TRIANGLE -
Triangle : action, discours, pensée politique et économique
( 145357 )
- 15, parvis René-Descartes - BP 7000 69342 LYON CEDEX 07
- France
2
DISAE
( 226793 )
- DISAE, Università di Napoli Parthenope, via Generale Parisi 13, 80132 Napoli, Italy
- Italie
|
Comité de lecture |
Oui
|
Vulgarisation |
Non
|
Langue du document |
Anglais
|
Nom de la revue |
|
Audience |
Non spécifiée
|
Date de publication |
2013-07-05
|
Volume |
22
|
Numéro |
4
|
Page/Identifiant |
953-979
|
Domaine(s) |
|
Mots-clés (JEL) |
|
Mots-clés |
da
Alternative Investment Market, AIM
|
DOI | 10.1093/icc/dtt021 |
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