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University of Stirling

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Working Paper

Choice, Confusion and Competition in the Market for Markets: Aiming for Aim in Three Junior Asian Stock Exchanges

Citation
Mizuno M & Tabner I (2009) Choice, Confusion and Competition in the Market for Markets: Aiming for Aim in Three Junior Asian Stock Exchanges. SSRN Working Paper Series, 1327449. http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1327449

Abstract
A review of literature on the theory of stock exchange competition provides the basis for a template model of a successful stock exchange. Three junior stock exchanges in East Asia which stated their ambitions to become a regional exchange for emerging firms are compared with the template and with the AIM section of the London Stock Exchange; the Tokyo Stock Exchange Mothers, Hong Kong Stock Exchange Growth Enterprise Market and the Singapore Exchange Catalist. Our analysis indicates that the AIM and Catalist markets have the closest fit to our template model, while the GEM and Mothers show material departures from it.

StatusUnpublished
Author(s)Mizuno, Mitsuru; Tabner, Isaac
Title of seriesSSRN Working Paper Series
Number in series1327449
PublisherSocial Science Research Network
Publisher URLhttp://papers.ssrn.com/sol3/papers.cfm?abstract_id=1327449
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