The Impact of New Change in the Rules on the Small and Medium Size Enterprises Listed in Alternative Investment Market of the UK (DC)

Corporate Governance (CG) is a mechanism that improves the competitive advantage and efficiency of the firm. This concept is highly applicable to large companies (premium listing companies), especially in the UK. Although small and medium-sized enterprises (SMEs) are a great source of economic development (Lukács, 2005), still nominal evidence has been found in the previous literature about the application of corporate governance codes on the SMEs listed in Alternative Investment Market (AIM) in London Stock Exchange (LSE).