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Mr. Nicolas R Blancher, Maximiliano Appendino, Aidyn Bibolov, Mr. Armand Fouejieu, Mr. Jiawei Li, Anta Ndoye, Alexandra Panagiotakopoulou, Wei Shi, and Tetyana Sydorenko

. NewConnect in Poland: SME Stock Exchange NewConnect is an alternative trading system for SMEs at the Warsaw Stock Exchange. SMEs generate about half of the Polish economy’s value added ( PARP 2014 ), and the development of long-term SME financing options was treated as a priority, especially after bank deleveraging following the global financial crisis reduced some of these options. Established in 2007 as an alternative trading system at the Warsaw Stock Exchange, NewConnect aims to facilitate SME equity issuance ( World Bank 2015 ). It reduces entry requirements and