Unification of capital markets. Example of tourism companies

Dawid Szutowski


Purpose – the purpose of this study is to verify capital rising possibilities on stock exchanges - individual and unified within a group. Hospitality sector is chosen for the empirical verification. Design/methodology/approach – in order to gather information extensive data mining has been performed. Four approaches to stock exchanges integration have been identified and compared in the light of listed companies’ capital rising possibilities. Research took place in the European Union. Findings – companies listed on stock exchanges unified within a group have greater capital rising possibilities due to higher market size, depth, liquidity and effectiveness. Limitations – the research was concentrated on the regulated market only. The inclusion of alternative markets in the subsequent research is needed. Originality/value – the novelty in the paper refers to the presentation of capital rising possibilities for tourism enterprises on stock exchanges with different approaches to unification.
Author Dawid Szutowski (WZ / KCAFiW)
Dawid Szutowski,,
Journal seriesGISAP : Economics, Jurisprudence and Management, ISSN 2053-6402, (0 pkt)
Issue year2015
Publication size in sheets0.3
Keywords in Englishcapital market, stock exchange group, hospitality
Languageen angielski
Score (nominal)0
Score sourcejournalList
ScoreMinisterial score = 0.0, 08-01-2020, ArticleFromJournal
Ministerial score (2013-2016) = 0.0, 08-01-2020, ArticleFromJournal
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