Seven out of 10 corporate and investment banking executives believe the growing influence of the private equity sector and hedge funds on the debt and equity markets has been generally positive, according to a survey about international exchanges by DLA Piper, a law firm.
In the survey, the NYSE Arca, Nasdaq and London Stock Exchange received the highest ranking for access to capital and institutions. Euronext was ranked highest for its positioning of company profile.
Individual exchanges were perceived by listed companies to have their own particular strengths and weaknesses amid rising global competition among stock exchanges, the survey said.
A fifth of companies also were not satisfied with their primary stock-exchange listing, the survey found.
Alex Tamlyn, head of capital markets at DLA Piper, said in a statement about the survey: The feeling among investment bankers is that there has been increasing thought given by their clients to moving their primary listing to other exchanges, and we believe this trend will continue as businesses become increasingly global and as individual stock exchanges implement more active marketing strategies.
The survey was conducted among executives of 167 companies listed on the exchanges worldwide and executives of investment banks in the U.S., U.K., Hong Kong and Australia.