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Prospects For The Future Growth Of The Newconnect Stock Market

Author

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  • Stanislaw Kaszuba

    (Nicolaus Copernicus University)

Abstract

The NewConnect market was created to aim small and medium companies in gaining the capital for their growth and development. It was created especially for companies with innovative type of production, services or trade. It attracts companies with low costs and less restrictive procedures than the main stock market. The NewConnect market builds possibilities for small companies to gain the stock capital. The companies listed in the NewConnect market concentrates over new, innovative technologies, especially in IT sector. Its operational first year gave it the first place in the amount of debuts and is one of the fastest growing markets in Europe. After two years of its existence, the Polish alternative stock market is beginning to start the second phase of its growth. The present paper shows a comparison of NewConnect with international alternative stock exchanges. The article determines the position of NewConnect among other European alternative investment markets. It briefly explains the prospects for its growth and attempts to answer the question why it will be very difficult for the market to develop into an international one.

Suggested Citation

  • Stanislaw Kaszuba, 2010. "Prospects For The Future Growth Of The Newconnect Stock Market," Equilibrium. Quarterly Journal of Economics and Economic Policy, Institute of Economic Research, vol. 5(2), pages 117-126, December.
    • Handle: RePEc:pes:ierequ:v:5:y:2010:i:2:p:117-126
    DOI: 10.12775/EQUIL.2010.029
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    References listed on IDEAS

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    1. Randall K. Filer & Jan Hanousek & Nauro F. Campos, 1999. "Do Stock Markets Promote Economic Growth," William Davidson Institute Working Papers Series 267, William Davidson Institute at the University of Michigan.
    2. Guglielmo Maria Caporale & Peter G. A Howells & Alaa M. Soliman, 2004. "Stock Market Development And Economic Growth: The Causal Linkage," Journal of Economic Development, Chung-Ang Unviersity, Department of Economics, vol. 29(1), pages 33-50, June.
    3. Unknown, 2000. "Annual Report On Cotton Economics Research 1999/00," Cotton Economics Research Institute CER Series 31253, Texas Tech University, Department of Agricultural and Applied Economics.
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