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Appears in Collections:Accounting and Finance Journal Articles
Peer Review Status: Refereed
Title: Choice, Confusion and Competition in the Market for Markets: Aiming for Aim in Three Junior Asian Stock Exchanges
Author(s): Mizuno, Mitsuru
Tabner, Isaac
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Keywords: AIM
Stock Exchange
Issue Date: Dec-2008
Citation: Mizuno M & Tabner I (2008) Choice, Confusion and Competition in the Market for Markets: Aiming for Aim in Three Junior Asian Stock Exchanges, Pacific Economic Review, 13 (5), pp. 575-603.
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: 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.
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Rights: Published in Pacific Economic Review. Copyright: Wiley-Blackwell / Hong Kong Economic Association / Nihon University Graduate School of Business.; The definitive version is available at

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