The purpose of this report, which was commissioned by the London Stock Exchange, is to examine the recent development of AIM as a stock market for growing companies, and to analyse the factors that have contributed to its growth. The research was carried out in May-August 2007.
The authors are on the academic staff of the London School of Economics and Political Science (LSE). Sridhar Arcot is a researcher in LSE’s Financial Markets Group. Julia Black is Professor of Law in the Law Department and a research associate in the Centre for Analysis of Risk and Regulation at LSE. Geoffrey Owen is Senior Fellow in the Department of Management.