Original scientific paper
SME Stock Exchanges - Should They Have a Greater Role?
Aljoša Šestanović
orcid.org/0000-0002-8133-7494
; University College EFFECTUS - College for Finance and Law,
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 mediumsize
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
Small and medium enterprises; stock exchanges; SME exchanges; alternative markets; multilateral trade facilities (MTFs); Zagreb Stock Exchange
Hrčak ID:
156892
URI
Publication date:
1.3.2016.
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