Author Archives | raffaele.visconti

The Alternative Investment Market And The Financing Of Technological Innovation

The Alternative Investment Market (AIM) is characterized by the presence of numerous firms operating in sectors with a high rate of technological innovation. In this research we will deal with IPOs about companies active in the sector of Information Technology and Software & Computer Services. The purpose of the research is testing the market’s ability to attract the listing of new companies in these sectors and to examine the following questions:
1) Have the IPOs about economic sectors examined a concentration in specific periods?
2) Have firms’ average size, the average capital raised on the market and the share of capital on average placed with the initial offer, at the time of listing, changed during the analysed periods?
We consider three periods. The first, from the birth of the market (1995) until the speculative bubble (2001), which follows the so-called dot.com boom. The second, from 2002 to 2007, beginning of the severe economic and financial crisis, and the third from 2008 until June 2013.

  The Alternative Investment Market And The Financing Of Technological Innovation (777.6 KiB, 1,796 hits)

Posted in Economics, Information Technology, Volume IV, Issue no. 3Comments Off on The Alternative Investment Market And The Financing Of Technological Innovation

Seasonality in Equity Rising on Stock Markets. Windows of Opportunity? Empirical Evidence from China, India, Brazil and South Africa

Empirical research has underlined high variability cases of equity-raising through the placing of shares in the primary market in the course of time, considering both new enterprises’ quotations, and increases for the already- quoted ones in regulated markets.
Different periods and markets at different development stages have been taken in exam, resulting in the discovery of high concentration of such operations in specific time-slots.
Focusing on China, India, Brazil and South Africa’s stock markets trends between 2003 and 2011, the research aims to verify if:
a) The collected capitals are concentrated in years of high share indexes’ levels;
b) The collected capitals increase in presence of high market average’s price-earnings.

  Seasonality in Equity Rising on Stock Markets. Windows of Opportunity? Empirical Evidence from China, India, Brazil and South Africa (750.5 KiB, 1,954 hits)

Posted in Economics, Volume III, Issue no. 4Comments Off on Seasonality in Equity Rising on Stock Markets. Windows of Opportunity? Empirical Evidence from China, India, Brazil and South Africa