EFFICIENCY GROWTH AND DEVELOPMENT EVOLUTION OF THE STOCK COMPANIES QUOTED ON THE NEWCONNECT (Ewolucja funkcjonowania oraz efektywnosc wzrostu i rozwoju spolek rynku NewConnect - alternatywnego system obrotu gieldowego w Polsce)
The Alternative Trading System was established in the Warsaw Stock Exchange in August 30, 2007. It is called NewConnect Market. The article describes main rules of this market functioning. It presents also the first experiences of the NewConnect development. But the main point of the article is presenting the results of research based on special coefficient called the NewConnect Growth Indicator (NCGI), which is a special measure for financial and economic NewConnect firms' efficiency, growth and development.
Financed by the National Centre for Research and Development under grant No. SP/I/1/77065/10 by the strategic scientific research and experimental development program:
SYNAT - “Interdisciplinary System for Interactive Scientific and Scientific-Technical Information”.