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FIP - journal of finance and law, Vol.4 No.1 March 2016. -

Access to finance is widely recognized as one of the main impediments

for growth and development of the small and medium enterprises. This article presents

certain aspects of development of stock exchanges oriented towards small and mediumsize

enterprises. It aims to contribute towards the growing debate on funding of small and

medium enterprises through dedicated stock exchanges and serve as a useful contribution

to stakeholders to undertake certain steps toward implementation of effective policies for

design of exchanges dedicated to financing of small and medium enterprises.

Small and medium enterprises; stock exchanges; SME exchanges; alternative markets; multilateral trade facilities MTFs; Zagreb Stock Exchange

Autor: Aljoša Šestanović - ; University College EFFECTUS - College for Finance and Law,



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