MSBM RESEARCH
SME Financial Transformation on Jamaica Stock Exchange Junior Market
William W. Lawrence and Twila-Mae Logan
Government policy supports initial public offer (IPO) on the Jamaica Stock Exchange Junior Market as a viable financing option for small firms. Proponents of the Junior Market argue that SMEs can derive substantial profit and growth through initial public offer (IPO). This study explores the answer to the question: Do SMEs transform financial health and performance after initial public offer on the Junior Market of Jamaica Stock Exchange? This issue is important for policymakers, SMEs and investors because few firms have seized the opportunity to list on the Junior Market. SME Financial Transformation on Jamaica Stock Exchange Junior Market.
MSBM ROUNDTABLE 2016
The annual MSBM Roundtable brings together leaders from business, academia, and the public sector for a series of discussions that explore the latest trends and most advanced research, strategies and tools to help Caribbean business leaders address emerging business challenges and opportunities in a rapidly changing global economy.
THE 2016 CEO BREAKFAST FORUM is an exclusive gathering of Jamaican business leaders who will examine lessons learned and best practices from companies and stock markets around the world.
The forum features perspectives from international and local industry practitioners and presents the findings from MSBM research on SMEs and the Jamaica Stock Exchange Junior Market, with opportunity for interactive discussions.
Participants will gain insights on:
● How firms can leverage Caribbean stock markets for finance and
● Government policies needed for stock market development.
Bloomberg Business Report and Bloomberg Market
December 23, 2015
Amid the middling returns of the world’s best known indexes … foreign acquisitions, stronger investor safeguards and a rebounding economy helped the Jamaica Stock Exchange surge more than 80 percent in 2015.
With a market capitalization of about $5.3 billion … Jamaica lives on the fringe of frontier status.
Twenty-nine of the 57 stocks traded on the main and junior markets in Jamaica saw year-over-year post-tax profits rise 10 percent or more. Eight of those saw profits spike more than 100 percent, led by the Jamaica Stock Exchange Group’s 1,658 percent growth for a $1.2 million profit for the 12 months that ended in September.
