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| Tekijä: | Samitas, A. Kenourgios, D. Konstantopoulos, N. |
| Otsikko: | The small business capital market behavior in Athens stock exchange |
| Lehti: | Small business economics
2006 : NOV-DEC, VOL.27:4, p. 409-417 |
| Asiasana: | stock markets greece small and medium-sized enterprises (smes) small business capital markets causality |
| Kieli: | eng |
| Tiivistelmä: | This study investigates the importance of secondary capital markets to small and medium-sized enterprises. Cointegration is used as a method to test the relationship between secondary capital market and the dominant sectors in Athens stock exchange (ASE). In addition, the interdependence between primary and secondary markets is examined using causality tests. The main result is that there exists a uni-directional causality between primary and secondary capital markets in Greece. The study also gives some policy implications. |
SCIMA