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Literature Review

In: Risk and Trading on London’s Alternative Investment Market: The Stock Market for Smaller and Growing Companies

Author

Listed:
  • John Board

    (Henley Business School, University of Reading)

  • Alfonso Dufour

    (Henley Business School, University of Reading)

  • Yusuf Hartavi

    (Henley Business School, University of Reading)

  • Charles Sutcliffe

    (Henley Business School, University of Reading)

  • Stephen Wells

    (Henley Business School, University of Reading)

Abstract

The literature review showed a lack of research on risk for small cap markets. In total roughly one hundred published pieces were identified, many of which related to the now defunct Neuer Markt and/or to IPO pricing. There are two main relevant results from the review. Stocks switching between markets have not been associated with changes in risk. Also, there are a number of risk-related characteristics of companies – in particular, size, age and industry – that tend to be related to the market on which these companies are listed.

Suggested Citation

  • John Board & Alfonso Dufour & Yusuf Hartavi & Charles Sutcliffe & Stephen Wells, 2015. "Literature Review," Palgrave Macmillan Books, in: Risk and Trading on London’s Alternative Investment Market: The Stock Market for Smaller and Growing Companies, chapter 4, pages 7-30, Palgrave Macmillan.
  • Handle: RePEc:pal:palchp:978-1-137-36130-1_4
    DOI: 10.1057/9781137361301_4
    as

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