scholarly journals JUSTIFICATION OF THE ESSENCE, FUNCTIONS AND PURPOSE OF GRAIN FUTURE EXCHANGE MARKET OF AGRICULTURAL PRODUCTS

2021 ◽  
Author(s):  
Hrechaniuk L. M.
Keyword(s):  
Stock Market ◽  
Stock Exchange ◽  
Market Price ◽  
The State ◽  
Agricultural Products ◽  
Commodity Market ◽  
Exchange Market ◽  
Financial Instrument ◽  
Domestic Stock ◽  
Future Exchange

In the article analyzes the development of the domestic stock market. It is substantiated that crop futures are a derivative financial instrument on the stock exchange, which provides for the obligation of its seller or buyer to periodically transfer sums of money to the opposite party depending on changes in the market price of grain, and (or) the obligation delivery of grain on time. It is determined that only under the conditions of joint efforts on the part of the state, the exchange community, participants of the agrarian market that will allow bringing the exchange commodity market closer to civilized bases.

ORGANIZATIONAL AND ECONOMIC MODEL OF EFFECTIVE FUNCTIONING OF THE COMMODITY EXCHANGE MARKET OF UKRAINE

2019 ◽  
Vol 4 (4) ◽  
pp. 306-313
Author(s):  
Anna PODSOKHA
Keyword(s):  
Stock Market ◽  
Economic Model ◽  
State Regulation ◽  
Regional Level ◽  
Agricultural Products ◽  
Exchange Market ◽  
Wholesale Market ◽  
Commodity Exchange ◽  
Grain Markets ◽  
Domestic Stock

Introduction. The low level of development of commodity exchange trade in Ukraine remains a rather acute issue in the domestic economy for a long time. This indicates the need to find new ways to improve the activities of exchanges. The purpose of the scientific research is to generalize the theoretical aspects of the formation of organizational and economic model of effective functioning of the commodity exchange market in Ukraine. Results. It is established that grain is a typical commodity on the domestic stock market. The functions of the exchange are defined. The world tendencies of exchange trade development are characterized. The state of the domestic stock market is studied. The state role in regulating the activity of exchanges is highlighted. The essence, tasks and principles of the wholesale grain market are defined. The existence of favorable economic conditions for the organization of regional wholesale grain markets is substantiated. The administrative component of operational management of the wholesale market is characterized. The measures for the organization of wholesale grain markets at the regional level have been identified. The dominance of the shadow market in the sale of agricultural products is indicated. The directions of institutional transformations at the regional level to increase the effectiveness of economic reforms in the agriculture field are identified. The necessity of the new technological basis introduction of agricultural products realization – electronic auctions is substantiated. Prospects for the electronic bidding introduction are outlined. The relations model for regulation of the wholesale market of agricultural products at the regional level is characterized. Organizational and economic measures for the implementation of this model in domestic practice are proposed. The priority task of state regulation in exchange trade of agricultural products is highlighted. Conclusions. The use of the model of development and regulation of the regional wholesale market of agricultural products will contribute to the development of the commodity exchange market, reduce the share of the shadow sector of the economy, replenish budget funds to finance producers in agriculture. Key words: commodity exchange, organizational and economic model, exchange market, wholesale grain market, electronic trading, state regulation.

scholarly journals Ukrainian World Exchange Market of Oilseeds: A Research of Chlanges for Growth

2019 ◽  
Vol 8 (6) ◽  
pp. 3823-3829
Keyword(s):  
Stock Market ◽  
Stock Exchange ◽  
Agricultural Products ◽  
Agricultural Activity ◽  
Exchange Market ◽  
Similar Activity ◽  
The World ◽  
The Future ◽  
Real Player

The topic of the paper was selected because agricultural products occupy approximately 70% of stock exchange trade in Ukraine. 1% of all world oilseeds on the stock market belong to Ukrainian agricultural activity. The paper discusses the perspectives of Ukraine to be not only top-country of oilseeds product exporter but a real player of the world exchange market of oilseeds. There is information about current conditions on the oilseeds market in Ukraine, its dynamics during the last couple of years and perspectives for the future. Favourable conditions and big yield area allow Ukraine to develop a branch of oilseeds production not only with food aims but produce commodities of oilseeds processing. Introduction into the trade by derivative offers useful perspectives for oilseeds trade. Lack of experience of domestic traders is no problem to use stock exchange trading if to base on the international example of different countries and orient to lossless trade by soybeans contracts and other similar activity

scholarly journals Stock Market Returns and Shareholders’ Wealth Sustainability of Companies Listed on the Nigerian Stock Exchange

2020 ◽  
pp. 27-45
Author(s):  
Adekunle Orelope Koleosho ◽  
Folajimi Festus Adegbie ◽  
Ayooluwa Olotu Ajayi- Owoeye
Keyword(s):  
Stock Market ◽  
Stock Exchange ◽  
Market Price ◽  
Secondary Data ◽  
Target Population ◽  
Validity And Reliability ◽  
Market Returns ◽  
Stock Market Returns ◽  
Ex Post ◽  
Negative Effect

Sustainability of shareholder’s wealth has been a subject of discussion globally due to various decisions of the managers and the effect it has on company’s performance. Various corporate actions and information about the companies are disseminated over time and studies have shown the effect on shareholder's wealth. This study examined the effect of capital market returns on sustainability of shareholder's wealth in Nigeria Listed Companies. The study adopted ex-post facto research design. A sample of 57 companies from a target population of 168 companies listed on the Nigerian Stock Exchange (NSE) as December 2018 was randomly drawn across the various market sectors for the panel data. The study used secondary data from the NSE, CBN and companies’ data on the Bloomberg Terminals. Validity and reliability were premised on the statutory audit of the financial statement. The study adopted descriptive and inferential (Regression and Correlation) statistics to analyze the data. The study found that the stock market returns indicators (dividend per share, earnings and Leverage) have joint and statistically significant relationship with market price per share: DPS, EPS and LEV with Adjusted R2 = 0.738, F(3, 796) = 54.74, p = 0.108 > 0.05. The study concluded that stock market returns measured by dividend and earnings have a significant effect on the shareholders' wealth while leverage exerts a negative effect on Market Price per share. The study recommended that the management of the companies should embrace the payment of dividend to shareholders while ensuring the growth of earnings over the period to sustain shareholder's wealth.

STOCK MARKET IN A PANDEMIC, TRENDS IN ITS DEVELOPMENT AND IMPACT ON THE ECONOMIC ENVIRONMENT OF STATES

2021 ◽  
pp. 60-73
Author(s):  
Vladimir M. Gribanich ◽  
Keyword(s):  
Stock Market ◽  
Stock Exchange ◽  
Cash Flows ◽  
The State ◽  
Securities Market ◽  
Source Data ◽  
The Impact ◽  
Graphical Presentation ◽  
Official Information ◽  
Systematic Collection

The article is devoted to the analysis of the development of the stock market, its stages of development and the impact on the economic conjuncture of countries. The relevance of studies on the development of the stock market in modern realities is growing every day, the number of transactions also grows steadily despite the pandemic, and that forms huge cash flows. The purpose of the study carried out in the article is not only to identify the influence of the stock market on the development of countries in modern conditions, but also to conduct a statistical analysis of data reflecting the state of the main stock exchange indices in a pandemic, as well as to assess the state of the securities market in 2019 and 2020 and work out forecasts for its future development. Several methods were used in the work: analysis of official information sources, statistical observation (systematic collection of information), grouping of the source data, their graphical presentation, as well as building diagrams.

scholarly journals A Study of Black–Scholes Model’s Applicability in Indian Capital Markets

Paradigm ◽  
2020 ◽  
Vol 24 (1) ◽  
pp. 73-92
Author(s):  
Anubha Srivastava ◽  
Manjula Shastri
Keyword(s):  
Stock Market ◽  
Option Pricing ◽  
Trading Volume ◽  
Stock Exchange ◽  
Market Price ◽  
Significant Degree ◽  
Pricing Model ◽  
Fair Price ◽  
Black Scholes ◽  
Indian Stock Market

Derivative trading, started in mid-2000, has become an integral and significant part of Indian stock market. The tremendous increase in trading volume in Indian stock market has reflected into high volatility in the option prices. The pricing of options is very complex aspect of applied finance and has been subject of extensive research. Black–Scholes option model is a scientific pricing model which is applied for determining the fair price for option contracts. This article examines if Black–Scholes option pricing model (BSOPM) is a good indicator of option pricing in Indian context. The literature review highlights that various studies have been conducted on BSOPM in various stock exchange across the world with mixed outcome on its relevance and applicability. This article is an empirical study to test the relevance of BSOPM for which 10 most popular industry’s stock listed on National Stock Exchange have been taken. Then the BSOPM has been applied using volatility and risk-free rate. Furthermore, t-test has been used to test the hypothesis and determine the significant relationship between BS model values and actual model values. This study concludes that BSOPM involves significant degree of mispricing. Hence, this model alone cannot be adopted as an indicator for option pricing. The variation from market price is synchronised with respect to moneyness and time to maturity of the option.

‘Indian Stock Market Volatility’: A Study of Inter-linkages and Spillover Effects

2019 ◽  
Vol 18 (2_suppl) ◽  
pp. S183-S212 ◽  
Author(s):  
Suparna Nandy (Pal) ◽  
Arup Kr. Chattopadhyay
Keyword(s):  
Stock Market ◽  
Financial Markets ◽  
Foreign Exchange ◽  
Foreign Exchange Market ◽  
Volatility Spillover ◽  
Exchange Market ◽  
Causality Test ◽  
Asymmetric Volatility ◽  
Indian Stock Market ◽  
Domestic Stock

The article attempts to examine interdependence between Indian stock market and other domestic financial markets, namely, foreign exchange market, bullion market, money market, and also Foreign Institutional Investor (FII) trade and foreign stock markets comprising one regional stock market represented by Nikkei of Japan and other stock market for the rest of the world represented by Standard & Poor’s (S&P) 500 of the USA. Attempts are also made to examine asymmetric volatility spillover, first, between the Indian stock market and other domestic financial markets and second, between the Indian stock market and global stock markets (represented by Nikkei and S&P 500) along with the foreign exchange market. To measure linear interdependence among multiple time series of financial markets multivariate Vector Autoregression (VAR) analysis, Granger causality test, impulse response function and variance decomposition techniques are used. For estima-ting the volatility spillover among the aforesaid markets Dynamic Conditional Correlation-Multivriate-Threshold Autoregressive Condi-tional Heteroscedastic (DCC-MV-TARCH) (1, 1) model is applied on daily data for a quite long period of time from 01 April 1996 to 31 March 2012. The results of multi­variate VAR analysis, Granger causality test, variance decomposition analysis and impulse response function estimation establish significant interdependence between domestic stock market and different other financial markets in India and abroad. The results of DCC-MV-TARCH (1, 1) model estimation further show signi- ficant asymmetric volatility spillover between the domestic stock market and the foreign exchange market and also from the domestic stock market to bullion market and changes in gross volume of FII trade. We also find (a) both way asymmetric volatility spillover between the domestic stock market and the Asian stock market and (b) its unidirectional movement from the world stock market to the domestic stock market. The results of the study may help market regulators in setting regulatory policies considering the inter-linkages and pattern of volatility spillovers across different financial markets. JEL Classification: G15, G17

scholarly journals Market Turnover of Nepalese Stock Market

2018 ◽  
Vol 10 (1) ◽  
pp. 96-100
Author(s):  
Baburam Lamichhane
Keyword(s):  
Stock Market ◽  
Research Design ◽  
Stock Exchange ◽  
Securities Market ◽  
Market Condition ◽  
Exchange Market ◽  
Demand And Supply ◽  
Business Studies ◽  
Descriptive Research ◽  
Share Value

Securities market turnover is one of the major behavioral phenomena of stock market. It always depends on the demand and supply of the securities, so the market turnover assumes a number of trading share units, values of share turnover and percentage share value of stocks. This paper is concerned to analyze the different areas of stock units’ turnover and value coverage of stock market .descriptive research design is applied for analyzing the stock market condition. The coverage of share units and share of value weight is analyzed of Nepal stock exchange market economy.The Journal of Nepalese Business Studies Vol. X No. 1 December 2017, Page: 96-100 

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