Capital, Market and the State

2022 ◽  
Author(s):  
Ilektra Antonaki
Keyword(s):  
Capital Market ◽  
The State

scholarly journals Legal support of Ukraine in the context of attracting capital by banks in international m

2021 ◽  
Vol 1 (2) ◽  
Author(s):  
Olena Yu. Volkovych ◽  
Keyword(s):  
European Union ◽  
Economic Crisis ◽  
Capital Market ◽  
Banking Sector ◽  
Public Information ◽  
Commercial Banking ◽  
The State ◽  
The European Union ◽  
Association Agreement ◽  
The Capital Market

The article provides a theoretical and legal analysis of the legal support of Ukraine in the context of raising capital by banks in international markets. The author determined that the economic crisis in the country is protracted, the capital market in Ukraine remains largely underdeveloped. The state has taken many steps to overcome the economic crisis, identified priority measures, strategic steps to build a sustainable economy, in particular, many efforts have been made to find free funds to attract investment, but this, as practice shows, was not enough. An important step in building a free and competitive state was the adoption of the Association Agreement between Ukraine and the European Community. This document is the largest international legal document in the history of Ukraine and the largest international agreement with a third country ever concluded by the European Union. In accordance with the Program of Integration of Ukraine into the European Union (hereinafter - the Program), approved by the Decree of the President of Ukraine � 1072/2000 of 14.09.2000. Synchronization of internal market transformations of changes in the processes of EU enlargement. First of all, it concerns: reform of executive and judicial bodies and cooperation of the Ministry of Justice of Ukraine with courts; administrative and territorial reform; formation of the foundations of regional development policy (including legislation on the distribution of competencies, budgets, taxes); completion of privatization (primarily enterprises of strategic importance for the economy and security of the state and banks); reforming the banking sector as a whole. Thus, in particular, a developed capital market is usually seen as a competitor in the commercial banking sector, as they compete for retention and investment opportunities. However, in today�s financial system, there are complementary relationships between the capital market and banks, as they choose different segments of the financial markets and focus on different types of customers. In the process of writing the article came to the following conclusions. The right direction in the reform of the economic sector is to determine the measures of state investment support should be preceded by a detailed analysis of the effect of the benefits and preferences previously granted to economic entities. Establish the legislative level the provision that the minimum amount of public investment should be equal to the amount of all new debt, i.e., the amount of borrowings during the year may not exceed the amount of budget expenditures to finance investments. Introduce the practice of developing and implementing investment incentive packages. Introduce a practice in which the decision on new borrowings is preceded by public information on which projects have already been used to finance the funds and for which purposes (projects) new borrowings are envisaged. Establish strict control over debt activities.

The State of American Entrepreneurship: New Estimates of the Quantity and Quality of Entrepreneurship for 32 US States, 1988–2014

2020 ◽  
Vol 12 (4) ◽  
pp. 212-243
Author(s):  
Jorge Guzman ◽  
Scott Stern
Keyword(s):  
Capital Market ◽  
Predictive Analytics ◽  
New Ventures ◽  
High Growth ◽  
The State ◽  
Us States ◽  
Institutional Conditions ◽  
Cyclical Pattern

Assessing the state of American entrepreneurship requires not simply counting the quantity but also the initial quality of new ventures. Combining comprehensive business registries and predictive analytics, we present estimates of entrepreneurial quantity and quality from 1988 to 2014. Rather than a secular pattern of declining business dynamism, our quality-adjusted measures follow a cyclical pattern sensitive to economic and capital market conditions. Consistent with the role of investment cycles as a driver of high-growth entrepreneurship, our results highlight the role of economic and institutional conditions as a driver of both initial entrepreneurial quality and the scaling of new ventures over time. (JEL G24, G32, L25, L26, M13)

scholarly journals Manajemen Risiko Reputasi Dalam Pasar Modal Syariah

2019 ◽  
Vol 8 (2) ◽  
pp. 270-282
Author(s):  
Sri Rahmani
Keyword(s):  
Capital Market ◽  
The State ◽  
Human Beings ◽  
Legal Basis ◽  
The Government ◽  
First Time ◽  
The Relationship ◽  
The Capital Market

The application of sharia principles in the capital market certainly comes from the Qur'an and the Hadith of the Prophet Muhammad. Both of these sources made the scholars interpret later called the science of jurisprudence. One of the discussions in the science of jurisprudence is a discussion about muamalah, namely the relationship between human beings related to commerce. Based on that Islamic capital market activities are developed on the basis of muamalah fiqh. There are muamalah fiqh rules which state that basically, all forms of muamalah are permissible unless there is an argument which forbids it. This concept is the principle of the Sharia Capital Market in Indonesia. The development of the Sharia Capital Market reached a new milestone with the enactment of Law Number 19 of 2008 concerning Government Sharia Securities on May 7, 2008. This law is needed as a legal basis for the issuance of state sharia securities or state Sukuk. On August 26, 2008, for the first time, the Government of Indonesia issued the State Sharia Securities series IFR0001 and IFR0002.

scholarly journals Implikasi Yuridis Peraturan pemerintah tentang Pungutan Otoritas Jasa Keuangan Terhadap Notaris Pemegang Surat Tanda Terdaftar yang tidak pernah Berkegiatan di Pasar Modal

2019 ◽  
Vol 4 (1) ◽  
pp. 150
Author(s):  
Ratna Ayu Puspitasari ◽  
Imam Koeswahyono ◽  
Titik Soeryati Soekesi
Keyword(s):  
Capital Market ◽  
Financial Services ◽  
Research Method ◽  
Government Regulation ◽  
The State ◽  
Services Sector ◽  
Financial Services Sector ◽  
Legal Implications ◽  
Legal Force ◽  
The Capital Market

This paper aims to describe the authority of the Financial Services Authority (OJK) in conducting supervision and regulation of the financial services sector, and the juridical implications of Government Regulation Number 11 of 2014 concerning OJK Levy for capital market notaries registered with Registered Letters (STTD) who are not active in the capital market. The research method used in this paper is a normative juridical. The results of the study indicate that the OJK has the authority to levy notaries. Legal implications arising from Government Regulation Number 11 of 2014 concerning Financial Services Authority Levies for notaries who have STTD but do not engage in capital market activities becomes the state’s receivables. Payments will be made by the state receivable committee, with a forced letter that has the same legal force as the Grosse deed.

scholarly journals The Role of Commercial Banks in Financing Debt of Local Government Units

2019 ◽  
Vol 23 (2) ◽  
pp. 28-33
Author(s):  
Adam Żabka ◽  
Beata Hoza
Keyword(s):  
Local Government ◽  
Capital Market ◽  
Commercial Banks ◽  
Local Level ◽  
The State ◽  
Financial Resources ◽  
Secondary Markets ◽  
Low Activity

The authors of the paper present the results of their research in the structure of resources used to cover financial deficit of institutions of public finance sector on central and local level. The authors also evaluate the consequences triggered by application of different methods of financing. The aim of the paper is to analyse the reasons of low activity of local government units in obtaining financial resources directly from the capital market as compared to the State Treasury and commercial enterprises. By means of tools used in comparative analysis the authors juxtapose the most important parameters of primary and secondary markets of long-term debt securities issued by local government units, the State Treasury and commercial enterprises.

RUSSIAN VENTURE CAPITAL MARKET IN 2020: STATE AND FEATURES

2021 ◽  
Vol 3 (5) ◽  
pp. 76-81
Author(s):  
I. B. TESLENKO ◽  
◽  
I. I. SAVELEV ◽  
Keyword(s):  
Venture Capital ◽  
Capital Market ◽  
The State

The venture capital market is a system of relations about the investment of investors in startups, which can very quickly grow into profitable companies. The article examines the state, features, main problems and prospects of the development of the venture capital market in Russia.

scholarly journals STATE REGULATION OF CAPITAL MARKET IN UKRAINE

2021 ◽  
Vol 1 (21(49)) ◽  
pp. 4-9
Author(s):  
Lyudmyla Berezovska ◽  
Anastasiia Kyrychenko
Keyword(s):  
Stock Market ◽  
Capital Market ◽  
Financial Services ◽  
Money Market ◽  
State Regulation ◽  
The State ◽  
National Commission ◽  
Financial Instruments ◽  
The European Union ◽  
The Law

In modern conditions a developed stock market is a necessary element of the country's economy effective functioning as it establishes legal and economic relations between businesses that need financial resources and individuals who can provide them. The level of business activity in this sector determines the state of economic development of the country. Exchange activity in a market economy requires government regulation in order to ensure the efficiency, balance and stability of the exchange market. The purpose of the article is to analyze the state regulation of the stock market in Ukraine. The article analyzes the dynamics of trading on the stock market of Ukraine, identifies problems with its operation. The main models of state regulation of the financial services market are considered, namely: monoregulatory and polyregulatory. It is concluded that there is a multi-regulatory model of organized markets in Ukraine, as regulatory functions are assigned to the National Commission on Securities and Stock Market and the National Bank of Ukraine on domestic government bonds, money market derivative contracts, money market instruments. The state regulation of the stock market in Ukraine in accordance with the Law of Ukraine "On Amendments to Certain Legislative Acts of Ukraine on Simplification of Attracting Investments and Introduction of New Financial Instruments" of June 19, 2020 is studied. which includes capital markets and commodity markets; improving the organization of the depository and clearing system; introduction of a trade repository and a liquidation of the netting mechanism; enshrining in law the differences between qualified and unqualified investors; introduction of green bonds as a new type of financial instruments. It is concluded that the adoption of the above law is an important step in the development of the stock market, as this law amends the law "On Securities and Stock Market" and establishes uniform rules for all exchange traders, defines the market regulator and circulation mechanism. financial instruments, radically changes the structure of the capital market and adapts Ukrainian legislation to the norms of the European Union in the field of financial services, bringing Ukraine closer to the global financial space.

scholarly journals State Role And Securities Market Development In Uzbekistan

2021 ◽  
Vol 03 (06) ◽  
pp. 20-33
Author(s):  
Said Gulyamov ◽  
◽  
Otabek Narziev ◽  
Sadoqat Safoeva ◽  
Jahongir Juraev ◽  
...  
Keyword(s):  
Capital Market ◽  
State Ownership ◽  
The State ◽  
Securities Market ◽  
Equity Financing ◽  
Sound Theory ◽  
State Participation ◽  
Cis Countries ◽  
High Level ◽  
Market Relations

In the Uzbekistan capital market, the state has a significant role as regulator and principal shareholder. The state actively participates in the capital market through its SOEs and banks that issue, own, manage various securities, and render intermediary services in the financial market. As well as the state sets rules to regulate market relations through authorized bodies that are also responsible for the fairness of dispute resolution. Consequently, a high level of direct and indirect state participation in securities market relations suggests the prevalence of general administrative principles over market principles. In such conditions, one of the main tasks of implementing market principles in the securities market and improve equity financing would be to reduce state share and administrative methods. Thus, it is necessary to hold extensive and comprehensive reforms underpinned by sound theory to get proper understanding and direction. In this regard, this chapter provides an outline of the theoretical bases of state participation in the economy, an overview of the state’s role and the extent of state ownership, an analysis of the main SOE problems, and provides perspectives of future SOE reforms in selected CIS countries.

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