Going public after the crisis
25 June 2020 | André Exner | Die Presse
After the crisis, the focus should no longer be on debt making, but on reducing the debt ratio and repaying debts. The provision of equity capital will be decisive for the future of companies. The offer of Vienna Stock Exchange is aimed at both SMEs and large corporations. A listing on the stock exchange has many advantages. One of them is the strengthening of the equity base.
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Vienna Stock Exchange holds its own in the face of the crisis
5 June 2020 | Hans-Peter Siebenhaar | Handelsblatt
In an interview with the Handelsblatt, CEO Boschan points out the above-average profit margin of the Vienna Stock Exchange compared to other exchange operators. The anti-market sentiment in Austria, which during the Corona crisis was concentrated mainly in the discussion about dividends of listed companies that have to take advantage of state aid, was also the subject of the interview with Hans-Peter Siebenhaar.
Volatility interruption as a protective mechanism in the trading system
8 April 2020 | CNBC
CEO Christoph Boschan describes in an Interview with CNBC how the technology and infrastructure of the Vienna Stock Exchange are designed. The Vienna Stock Exchange and its partner exchanges Budapest, Ljubljana, Prague and Zagreb are capable of running entirely remotely. Regarding volatility management Boschan argues that volatility interruptions have become a well-known instrument in Europe. The Vienna Stock Exchange will not shut down the market, as this generally leads to even greater uncertainty among market participants.
This state intervention does not bode well
3 April 2020 | KURIER
Following the announcement of a dividend ban in Austria due to the Corona crisis, CEO Christoph Boschan comments in the daily "KURIER": "This state intervention does not bode well. It is an unnecessary vote of no confidence in the company owners, who have already shown that they handle the payments extremely responsibly". As an alternative, the Vienna Stock Exchange had suggested that profits arising from state aid should remain in the company in the future.
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Why dividends and state aid are not contradictory
2 April 2020 | Salzburger Nachrichten
With regard to dividends, the a local debate arose as to whether payments should be made in times of crisis. Investors profit from good times, such as the previous year through dividends, and bear the consequences of bad times – such as the current price drops and volatility. The Vienna Stock Exchange is convinced that companies know best whether and which dividend payment remains possible. Together with the employees, the listed companies and their investors will have a decisive influence on whether and how quickly Austria can be successfully rebuilt after the crisis.
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No retrospective discrimination against shareholders
31 March 2020 | Der Standard
Christoph Boschan, CEO of the Vienna Stock Exchange in an interview with Bettina Pfluger, Der Standard, on the heated debate on dividend payments and why he rejects state intervention. Dividend payments in 2020 are made for the 2019 financial year, and all suppliers and employees have received their money for this year. It's a question of fairness not to forget investors completely. And of course, shareholders will voluntarily waive their dividends – or parts of them – as part of a liquidity management by the company. That the company is doing well is their interest.
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Investing even in times of crisis
25 March 2020 | Armin Wolf | ORF
CEO Boschan states in an interview with Armin Wolf in ZIB2 why it is crucial to continue to invest into the stock market even in a crisis such as the COVID-19 pandemic. The most important strategy for retail investors is to invest regularly in globally diversified stocks through fund savings plans in the long run. When comparing the Austrian Traded Index and the Austrian stock market with other national indices, attention should be paid to differences in terms of dividends and composition.
Why nobody should shy away from the stock market now
29 February 2020 | Die Presse
It is a big mistake to turn away from stocks because of short-term, albeit serious, fluctuations. In his op-ed in the Austrian Daily "Die Presse" Vienna Stock Exchange CEO Boschan writes, how retail investors can keep their cool in situations when markets fluctuate.
The green hype is too one-sided
27 January 2020 | Kleine Zeitung
"This government wants the population to participate in the capital market," Christoph Boschan expressed his delight in an interview with the Kleine Zeitung. The government wants to get share buying out of the elite or speculators' corner. It is crucial that the focus is also on financial education. In the case of green bonds, Boschan sees the challenge in the total tax exemption to which the new government has committed itself.
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No beatings for the capital market
15 January 2020 | Die Presse
Christoph Boschan, CEO of Vienna Stock Exchange, is pleased that the government has not forgotten about private investors. The government program announces its intention to return to a retention period for shares. As a result, share sales would remain tax-free after a certain holding period. Boschan pleads for the shortest possible speculation period.
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