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El mercado alternativo bursátil en España: una valoración


  • María José Palacín-Sánchez

    (Departamento de Economía Financiera y Dirección de Operaciones, Facultad de Ciencias Económicas y Empresariales, Universidad de Sevilla, Sevilla, España. Servicio de Recaudación, Diputación Provincial de Sevilla, Sevilla, España)

  • Eulalia María Jara-Corrales

    (Departamento de Economía Financiera y Dirección de Operaciones, Facultad de Ciencias Económicas y Empresariales, Universidad de Sevilla, Sevilla, España. Servicio de Recaudación, Diputación Provincial de Sevilla, Sevilla, España)


Las pequeñas y medianas empresas (PYMES) son las protagonistas incuestionables del tejido empresarial español. Los problemas de financiación de las pymes son tradicionales y se hacen todavía más agudos en tiempos de crisis. Como una nueva vía de financiación para las PYMES, se constituyó el segmento para empresas en expansión del Mercado Alternativo Bursátil (MAB) en marzo de 2008. Tras algo más de tres años desde que viera la luz, son 17 las compañías que actualmente cotizan en el mismo. Ante esta situación, este trabajo se plantea como objetivo una primera valoración de lo que ha supuesto para las empresas cotizar en este mercado de valores. Esta valoración la hacemos de forma global para todo el mercado, lo que nos ayudará a comprender mejor las características de este mercado en España: qué tipo de empresas optan al mismo, cómo mejora su financiación, qué ocurre con sus planes de expansión, etc.

Suggested Citation

  • María José Palacín-Sánchez & Eulalia María Jara-Corrales, 2012. "El mercado alternativo bursátil en España: una valoración," Cuadernos de Economía - Spanish Journal of Economics and Finance, ELSEVIER, vol. 35(98), pages 77-88, Agosto.
  • Handle: RePEc:cud:journl:v:35:y:2012:i:98:p:77-88

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    References listed on IDEAS

    1. Froot, Kenneth A. & Ito, Takatoshi, 1989. "On the consistency of short-run and long-run exchange rate expectations," Journal of International Money and Finance, Elsevier, vol. 8(4), pages 487-510, December.
    2. Frankel, Jeffrey A & Froot, Kenneth A, 1987. "Using Survey Data to Test Standard Propositions Regarding Exchange Rate Expectations," American Economic Review, American Economic Association, vol. 77(1), pages 133-153, March.
    3. Michael Frenkel & Jan‐Christoph Rülke & Georg Stadtmann, 2012. "Twisting the Dollar? On the Consistency of Short‐Run and Long‐Run Exchange Rate Expectations," Journal of Forecasting, John Wiley & Sons, Ltd., vol. 31(7), pages 596-616, November.
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    6. Ang, Andrew & Bekaert, Geert & Wei, Min, 2007. "Do macro variables, asset markets, or surveys forecast inflation better?," Journal of Monetary Economics, Elsevier, vol. 54(4), pages 1163-1212, May.
    7. Christopher D. Carroll, 2003. "Macroeconomic Expectations of Households and Professional Forecasters," The Quarterly Journal of Economics, Oxford University Press, vol. 118(1), pages 269-298.
    8. Christopher A Sims, 2009. "Inflation expectations, uncertainty and monetary policy," BIS Working Papers 275, Bank for International Settlements.
    9. Lloyd B. Thomas, 1999. "Survey Measures of Expected U.S. Inflation," Journal of Economic Perspectives, American Economic Association, vol. 13(4), pages 125-144, Fall.
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    More about this item


    Mercado Alternativo Bursátil; Pequeñas y medianas empresas; España;

    JEL classification:

    • G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data)
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • G35 - Financial Economics - - Corporate Finance and Governance - - - Payout Policy


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