Los mercados alternativos bursátilesuna perspectiva regulatoria
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1
Universidad de Sevilla
info
ISSN: 2340-6704, 0210-0266
Año de publicación: 2016
Volumen: 39
Número: 109
Páginas: 1-11
Tipo: Artículo
Otras publicaciones en: Cuadernos de economía: Spanish Journal of Economics and Finance
Resumen
The debate over the appropriate regulation of financial markets has become a burning issue, especially as regards alternative stock markets aimed at small and medium-sized enterprises (SMEs). This article reviews the international research that, on the one hand, analyses alternative markets from an economic-regulatory perspective, and that, on the other hand, studies the control mechanisms that have been identified as key factors to overcoming the limitations of a light regulation, such as corporate governance, nominated advisors, and auditors. The results show that tougher legislation is not a panacea for solving the problems and the limitations that are presented by the development of these alternative stock markets, and that satisfactory results can be provided through the balance and permanent adjustment of the agents involved, and of control mechanisms.
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