Unification of capital markets. Example of tourism companies
AbstractPurpose – 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.
|Journal series||GISAP : Economics, Jurisprudence and Management, ISSN 2053-6402, (0 pkt)|
|Publication size in sheets||0.3|
|Keywords in English||capital market, stock exchange group, hospitality|
|Score|| = 0.0, 08-01-2020, ArticleFromJournal|
= 0.0, 08-01-2020, ArticleFromJournal
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