Macroeconomic factors affecting the movement of Russian stock market indices

2019 ◽  
Vol 18 (12) ◽  
pp. 2255-2271
Author(s):  
M.Yu. Malkina ◽  
◽  
V.N. Ovchinnikov ◽  
Keyword(s):  
Stock Market ◽  
Macroeconomic Factors ◽  
Factors Affecting ◽  
Russian Stock Market

The cyclical behavior of the IPO market: History and drivers

2021 ◽  
Vol 14 (2) ◽  
pp. 190-207
Author(s):  
Vladimir A. BELYAEV
Keyword(s):  
Stock Market ◽  
Initial Public Offerings ◽  
Initial Public Offering ◽  
Stock Exchange ◽  
Investor Sentiment ◽  
Market Dynamics ◽  
Positive Trend ◽  
Macroeconomic Factors ◽  
Factors Affecting ◽  
Public Offerings

Subject. The article considers the phenomenon of clustering in the initial public offering (IPO) market. Objectives. The aim is to perform a critical analysis of literature on the IPO market behavior and determine the optimal moment of company's listing on stock exchange. Methods. The study draws on analytical methods of information gathering and processing, as well as the comparative analysis. Results. The paper summarizes results of works by researchers on the IPO markets clustering, defines criteria for successful listing on stock exchange, unveils a number of factors affecting the market dynamics. It also determines possible ways and indicators to predict the onset of the "hot" market for initial public offerings. Conclusions. Macroeconomic factors and investor sentiment explain the clustering of IPO markets. Given that the waves in this market are of short-term nature, the macroeconomic performance is an inaccurate indicator, when predicting the onset of waves of initial public offerings, as opposed to investor sentiment. Indicators, like the reversal of the stock market from recession to growth, positive market dynamics for three months, and a period of low imputed volatility may serve as indicators of the imminent onset of a wave of initial public offerings. A successful IPO of a company operating in a particular industry may lead to an increase in the number of transactions of similar companies from this industry, provided that the stock market continues to show a positive trend during the period, which is necessary to get ready for an IPO.

scholarly journals Waves of the IPO market: The history and emergence

2021 ◽  
Vol 26 (2) ◽  
pp. 158-169
Author(s):  
Vladimir A. BELYAEV
Keyword(s):  
Stock Market ◽  
Initial Public Offerings ◽  
Initial Public Offering ◽  
Stock Exchange ◽  
Investor Sentiment ◽  
Market Dynamics ◽  
Positive Trend ◽  
Macroeconomic Factors ◽  
Factors Affecting ◽  
Public Offerings

Subject. The article considers the phenomenon of clustering in the initial public offering (IPO) market. Objectives. The aim is to perform a critical analysis of literature on the IPO market behavior and determine the optimal moment of company's listing on stock exchange. Methods. The study draws on analytical methods of information gathering and processing, as well as the comparative analysis. Results. The paper summarizes results of works by researchers on the IPO markets clustering, defines criteria for successful listing on stock exchange, unveils a number of factors affecting the market dynamics. It also determines possible ways and indicators to predict the onset of the hot issue market for initial public offerings. Conclusions. Macroeconomic factors and investor sentiment explain the clustering of IPO markets. Given that the waves in this market are of short-term nature, the macroeconomic performance is an inaccurate indicator, when predicting the onset of waves of initial public offerings, as opposed to investor sentiment. Indicators, like the reversal of the stock market from recession to growth, positive market dynamics for three months, and a period of low imputed volatility may serve as indicators of the imminent onset of a wave of initial public offerings. A successful IPO of a company operating in a particular industry may lead to an increase in the number of transactions of similar companies from this industry, provided that the stock market continues to show a positive trend during the period, which is necessary to get ready for an IPO.

Investors' preferences and the factors affecting investment in the Indian stock market: an industry view

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Bhaskar Chhimwal ◽  
Varadraj Bapat ◽  
Sarthak Gaurav
Keyword(s):  
Stock Market ◽  
Random Effect ◽  
Investment Decisions ◽  
Macroeconomic Factors ◽  
Content Type ◽  
Factors Affecting ◽  
Large Numbers ◽  
Retail Investors ◽  
Service Oriented ◽  
Indian Stock Market

PurposeThe authors examine the industrywise investment preferences of foreign portfolio investors (FPIs), domestic institutional investors (DIIs) and retail investors in the Indian context. They also investigate the factors influencing their preferences.Design/methodology/approachUsing the quarterly shareholdings and returns data of the Indian market from March 31, 2009 to March 31, 2018, the authors employ analysis of variance to study investors' preferences and a random effect panel data model to examine the factors that influence these preferences.FindingsFPIs hold proportionally more stocks in service-oriented industries and large-cap firms, DIIs hold proportionally large numbers of shares in paper industries and retail investors hold proportionally more shares in chemicals and textiles. FPIs prefer stocks with a high export-to-sales ratio and firms registered on a foreign stock market. Domestic investors, especially retail investors, prefer small-cap stocks and firms whose operations require local knowledge. In addition, industry heterogeneity determines investment decisions. Firm-specific and macroeconomic factors that influence investment decisions differ across industries. Finally, government policies and reforms also play a key role in attracting investors.Practical implicationsPolicymakers can identify the key variables that influence investment, which can help direct and regulate investment in India and similar emerging markets.Originality/valueThis study fills a research gap by addressing how industry-level heterogeneity affects investors' preferences in terms of the industrywise preferences of different types of investors and the factors that influence their preferences.

scholarly journals Factors affecting the company's capitalization

2021 ◽  
pp. 146-151
Author(s):  
A. O. Volodina
Keyword(s):  
Stock Market ◽  
Electric Power ◽  
Oil And Gas ◽  
Market Value ◽  
Return On Assets ◽  
Factors Affecting ◽  
Dividend Payments ◽  
Net Profit ◽  
Russian Stock Market ◽  
Return On Sales

The article considers the essence of the company's market value, clarifies the concept of enterprise capitalization. The author analyses Russian and foreign studies devoted to the identification of quantitative factors that affect the market value of companies. In the analysis of domestic research, the author pays special attention to the oil and gas and electric power industries of the economy. The analysis of foreign studies includes companies from Italy, Indonesia and Jordan. The paper analysed the structure and dynamics of the Russian stock market, the influence of revenue, net profit, the level of dividend payments, return on assets, the ratio of borrowed and own funds, as well as the return on sales by the amount of the market value of electric power companies whose shares are traded on the Russian stock market. The study identifies the main quantitative factors affecting the capitalization of companies. The author determines the directions of further research. 

How to Assure Stable Development in Unstable Financial Environment?

2007 ◽  
pp. 4-26 ◽  
Author(s):  
M. Ershov
Keyword(s):  
Stock Market ◽  
Developed Countries ◽  
Market Liquidity ◽  
Market Mechanisms ◽  
Russian Economy ◽  
The Developed Countries ◽  
Russian Stock Market ◽  
Stable Development ◽  
Financial Environment

Growing involvement of Russian economy in international economic sphere increases the role of external risks. Financial problems which the developed countries are encountered with today result in volatility of Russian stock market, liquidity problems for banks, unstable prices. These factors in total may put longer-term prospects of economic growth in jeopardy. Monetary, foreign exchange and stock market mechanisms become the centerpiece of economic policy approaches which should provide for stable development in the shaky environment.

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