This study analyzes alternative stock markets (ASM) literature
trends from 2008 to 2021 through a systematic review of the different research
approaches, views, and positions to map the global scientific production. Over
the last decade, alternative stock markets have become relevant as a different
financing form from the traditional to small and medium enterprises which are
usually restricted to bank loans affecting the raising of funds for their investments and growth. In fact,
international studies have identified that alternative stock markets have not had the expected
results for enterprises and investors due to their lack of interest in participation. The results of the review
indicate an important amount of literature on alternative stock markets (ASM)
related to some of the themes studied—access and permanence, regulation, IPOs
performance, etc.and a
lack of research on a wide range of areas, especially in geographical areas such as Latin
America.
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