scholarly journals MACROECONOMIC ANALYSIS OF THE SECURITIES MARKET OF THE REPUBLIC OF ARMENIA

2020 ◽  
Vol 1 (383) ◽  
pp. 156-162 ◽  
Author(s):  
Sh. Niyazbekova ◽  
I. E. Grekov ◽  
T. K. Blokhina ◽  
G. Mussirov ◽  
R. Aetdinova ◽  
...  
Keyword(s):  
Financial Market ◽  
Trading Volume ◽  
Securities Market ◽  
Economic Indicators ◽  
Fundamental Analysis ◽  
Macroeconomic Analysis ◽  
Market Dynamic ◽  
Integral Element ◽  
The Republic

The article deals with the problems of the development of the securities market of the Republic of Armenia. The main changes that have occurred in recent years in the securities market in the Republic of Armenia have been investigated. Methods for analyzing the securities market of the Republic of Armenia are proposed. The indicators of the securities market are considered and the main trends of its development are revealed. This article presents the structure of the securities market of the Republic of Armenia in terms of trading volume. We chose the macroeconomic analysis as a method of our research, as it constitutes an integral element for the fundamental analysis of the securities market. With the help of the macroeconomic analysis an investor effects vigilance and analyses of the basic economic indicators; thus he also defines the extent of their influence on the securities market dynamic. It is the macroeconomic analysis that provides investors with the possibility to define which element of the financial market (securities, currency, credit) is currently the most profitable and attractive for to invest into.

scholarly journals PROBLEMS AND PROSPECTS OF THE SECURITIES MARKET DEVELOPMENT: DOMESTIC AND INTERNATIONAL EXPERIENCE

2021 ◽  
Vol 80 (1) ◽  
pp. 216-221
Author(s):  
N.E. Dabyltaeva ◽  
◽  
D.E. Galymzhan ◽  
Keyword(s):  
Financial Markets ◽  
Financial Market ◽  
Main Tool ◽  
Developed Countries ◽  
International Experience ◽  
Securities Market ◽  
Market Development ◽  
Foreign Experience ◽  
Modern Process ◽  
The Republic

The securities market is considered as a part of the financial market. Today, the securities market has become the main object of research for many economists and scientists. One of the main reasons for this trend is that in the context of globalization of the world's economies, the main tool for the development of the financial sector of the state's economy is the development of the securities market. As a result of the modern process of globalization, the financial markets of States are becoming closer and more dependent on each other. The formation and organization of the securities market of the Republic of Kazakhstan began after the country gained its sovereignty. One of the main features of the formation of the domestic securities market during this period is the use of foreign experience of developed countries by the state

scholarly journals Analysis And Directions Of Development Of The Practice Of Attracting Capital From The Financial Market Of Joint-Stock Companies. Evidence From Uzbekistan

2020 ◽  
Vol 02 (12) ◽  
pp. 136-144
Author(s):  
Buvsara Tashmuradova ◽  
◽  
Omonullo Hamdamov ◽  
Keyword(s):  
Financial Markets ◽  
Financial Market ◽  
Financial Sector ◽  
Economic Importance ◽  
Current Situation ◽  
Financial Resources ◽  
International Financial Markets ◽  
The Republic ◽  
National Practice

The paper describes the economic importance of attracting financial resources from the national and international financial markets by joint stock companies operating in the Republic of Uzbekistan. The current situation with the attraction of capital from the international financial markets by companies in the financial sector has been analyzed and key conclusions have been drawn. In national practice, the existing shortcomings in the financing of companies on the basis of debt instruments have been studied and scientific proposals have been developed to address them.

scholarly journals PENGARUH TOTAL ASSET TURN OVER, RETURN ON ASSET DAN RETURN ON EQUITY TERHADAP ACCUMULATION DISTRIBUTION LINE

2017 ◽  
Vol 18 (3) ◽  
Author(s):  
Luna Haningsih ◽  
Zulkifli Zulkifli ◽  
Caturida Meiwanto Doktoralina
Keyword(s):  
Stock Price ◽  
Trading Volume ◽  
Technical Analysis ◽  
Total Asset ◽  
Fundamental Analysis ◽  
Return On Assets ◽  
Return On Equity ◽  
Asset Turnover ◽  
Distribution Line ◽  
Price Movements

Fundamental and technical analysis is used by analysis to predict the trend ofstock price and trading volume. Studies conducted aimed to determine the effect of fundamental analysis to technical analysis. Combining two forms of analysis can produce a more accurate prediction of the stock price movement of listed cement companies in Indonesia Stock Exchange. Research experts indicate that the fundamental and technical analysis can be used independently with the ability to predict stock price movements. This study combines both analysis in a model that can provide a more robust predictive capability in the Company's share price movements of cement. Fundamental analysis is the economy wide scope, one of the predictions of financial performance. In this study the total asset turnover, return on assets and return on equityto determine which stocks are pretty good. While technical analysis is usedaccumulation distribution line that has a better ability to predict future stock prices because the data contained technical stock price and trading volume to determine when to buy and sell momentum. These results indicate that the total asset turnover, return on assets and return on equity significantly influence the accumulation distribution line. While the individual that the return on equity has no significant effect. The results of this study are expected to improve knowledge for the readers, especially investors in order to obtain optimal benefits.

Assessing some stylized facts about financial market indexes: a Markov copula approach

2014 ◽  
Vol 41 (2) ◽  
pp. 253-271 ◽  
Author(s):  
Osvaldo Candido Silva Filho ◽  
Flavio Augusto Ziegelmann
Keyword(s):  
Financial Market ◽  
Trading Volume ◽  
Negative Relationship ◽  
Type Equation ◽  
Constant Term ◽  
Distribution Functions ◽  
Content Type ◽  
Time Dynamic ◽  
Time Dynamics ◽  
Market Indexes

Purpose – The aim of this paper is to measure and evaluate the relationship between returns-volatility and trading volume and returns and volatility of financial market indexes using time-varying copulas. Design/methodology/approach – The time dynamic dependence parameter is allowed to evolve according to a restricted ARMA-type equation which includes a constant term that is driven by a hidden two-state first-order Markov chain. Findings – In using this time dynamics in conjunction with non-elliptical distribution functions and tail dependence measure, the authors are allowing for (and focusing on) non-linearities in the returns-volume-volatility relationship. The results support the assumption that current trading volume provides information about future volatility as well as that there is a negative relationship between returns and their volatilities in financial market indexes. Originality/value – The authors provide an interesting empirical interpretation for the regimes the authors have identified: in the high dependence regime the sequential information arrival hypothesis and/or noise trading hypothesis are valid, consequently future volatility prediction is possible and persistent but does not last indefinitely; in the low dependence regime, the future volatility prediction is more unlikely to occur, since both trading volume and return negatives have a low (near zero) relation with future volatility.

THE TREND OF CHANGES IN PRICES AND TARIFFS FOR UTILITIES ON THE EXAMPLE OF THE SUGHD REGION OF THE REPUBLIC OF TAJIKISTAN

2020 ◽  
pp. 45-51
Author(s):  
Ustuvorshokh A. Kuliyev ◽  
Keyword(s):  
Residential Buildings ◽  
Human Life ◽  
Well Being ◽  
Economic Indicators ◽  
Housing Sector ◽  
The Creation ◽  
The Republic ◽  
The Cost ◽  
Management Groups

The article discusses the features of the regulation of the housing and communal services market. It was noted that the housing sector is one of the key and plays a key role in human life. Utilities are highly dependent on a person’s well-being and health. The article presents an analysis of the growth in prices for utilities and housing, taking into account the available statistics. Also, in connection with the growth of paid services, including the cost of housing and communal services in the Sughd region of the Republic of Tajikistan, an analysis of wages and other economic indicators was carried out. In the article, the author explains the development of the industry with proposals for the reform of housing and communal services, the implementation of tariffs, the creation of management groups near residential buildings.

CRITERIA FOR DEVELOPING AND EVALUATING THE EFFECTIVENESS OF THE SPECIAL ECONOMIC ZONES OF THE REPUBLIC OF UZBEKISTAN

2021 ◽  
Vol 4 (3) ◽  
pp. 79-85
Author(s):  
Madina Elmuradova ◽  
Keyword(s):  
Economic Development ◽  
Special Economic Zone ◽  
Economic Indicators ◽  
Special Economic Zones ◽  
The World ◽  
Socio Economic Development ◽  
Economic Zone ◽  
The Republic ◽  
Economic Zones ◽  
Efficiency Indicators

This article outlines special economic zones that play an important role in the socio-economic development of the country, and the use of this term in the reports of influential organizations around the world,as well as changes in the legislation of the Republic of Uzbekistan. In addition, the factors important for the effective functioning of the special economic zone, and the criteria for assessing the effectiveness of its activities are systematized and analyzed through the economic indicators of the SEZ "Navoi"Keywords:special economic zone, investment, free economic zone, export, import, efficiency indicators.

scholarly journals Individual and institutional trading volume around firm-specific announcements

2016 ◽  
Vol 12 (4) ◽  
pp. 422-444 ◽  
Author(s):  
Priyantha Mudalige ◽  
Petko S Kalev ◽  
Huu Nhan Duong
Keyword(s):  
Institutional Investors ◽  
Trading Volume ◽  
Securities Market ◽  
Individual Investors ◽  
Order Book ◽  
Volume Data ◽  
Content Type ◽  
Before And After ◽  
Abnormal Trading Volume ◽  
Trading Behaviour

Purpose – The purpose of this paper is to investigate the immediate impact of firm-specific announcements on the trading volume of individual and institutional investors on the Australian Securities Exchange (ASX), during a period when the market becomes fragmented. Design/methodology/approach – This study uses intraday trading volume data in five-minute intervals prior to and after firm-specific announcements to measure individual and institutional abnormal volume. There are 70 such intervals per trading day and 254 trading days in the sample period. The first 10 minutes of trading (from 10.00 to 10.10 a.m.) is excluded to avoid the effect of opening auction and to ensure consistency in the “starting time” for all stocks. The volume transacted during five-minute intervals is aggregated and attributed to individual or institutional investors using Broker IDs. Findings – Institutional investors exhibit abnormal trading volume before and after announcements. However, individual investors indicate abnormal trading volume only after announcements. Consistent with outcomes expected from a dividend washing strategy, abnormal trading volume around dividend announcements is statistically insignificant. Both individual and institutional investors’ buy volumes are higher than sell volumes before and after scheduled and unscheduled announcements. Research limitations/implications – The study is Australian focused, but the results are applicable to other limit order book markets of similar design. Practical implications – The results add to the understanding of individual and institutional investors’ trading behaviour around firm-specific announcements in a securities market with continuous disclosure. Social implications – The results add to the understanding of individual and institutional investors’ trading behaviour around firm-specific announcements in a securities market with continuous disclosure. Originality/value – These results will help regulators to design markets that are less predatory on individual investors.

scholarly journals INVESTUOTOJŲ LŪKESČIŲ ĮTAKOS LIETUVOS VERTYBINIŲ POPIERIŲ RINKOS PLĖTRAI TYRIMAS / ANALYSIS OF THE INFLUENCE OF INVESTORS’ EXPECTATIONS TO THE DEVELOPMENT OF THE LITHUANIA SECURITIES MARKET

2018 ◽  
Vol 10 (0) ◽  
pp. 1-11
Author(s):  
Eglė Vaitkė ◽  
Raimonda Martinkutė-Kaulienė
Keyword(s):  
Economic Development ◽  
Regression Analysis ◽  
Data Analysis ◽  
Financial Market ◽  
Strong Correlation ◽  
Statistical Data ◽  
Scientific Literature ◽  
Securities Market ◽  
Statistical Data Analysis ◽  
Mutual Relation

Securities market is an important part of financial market, which secure distribution and redistribution of financial recources between economic entities. The scientific literature indicates that there is mutual relation between development of the securities market and country’s economic development, i. e. when country’s economic indicators improve, then development of the securities market is more active, and conversely. Development of the securities market is exposed by a lot of indicators, including investors’ expectations. This article analyses the influence of investors’ expectations to the development of the Lithuania securities market. For the research used statistical data analysis and correlation regression analysis, which results demonstrate strong correlation between investor’s expectations and development of the Lithuania securities market. Santrauka Vertybinių popierių rinka – svarbi finansų rinkos dalis, užtikrinanti finansinių išteklių paskirstymą ir perskirstymą tarp ekonominių subjektų. Mokslinėje literatūroje nurodoma, kad tarp vertybinių popierių rinkos plėtros ir šalies ekonominio vystymosi susiformavo abipusis ryšys, t. y. gerėjant šalies ekonominiams rodikliams, aktyvėja ir vertybinių popierių rinka, ir atvirkščiai. Vertybinių popierių rinkos aktyvumą ir plėtrą lemia daugelis veiksnių, tarp jų ir investuotojų lūkesčiai. Šiame straipsnyje tiriamas investuotojų lūkesčių poveikis Lietuvos vertybinių popierių rinkos plėtrai. Analizei naudojami 2005–2017 m. duomenys, atspindintys investuotojų lūkesčius (ekonominių sentimentų rodiklis, Lietuvos investuotojų pasitikėjimo indeksas) ir Lietuvos vertybinių popierių rinkos plėtrą (OMX Vilnius indeksas, vertybinių popierių rinkos plėtros rodiklis). Tyrimui atlikti taikoma statistinė duomenų analizė ir koreliacinė regresinė analizė.

scholarly journals Evaluation of Motor Transport Infrastructure Influence on Socio-Economic Indicators of Minsk Region

2018 ◽  
Vol 17 (4) ◽  
pp. 314-319
Author(s):  
R. B. Ivut ◽  
P. V. Popov ◽  
P. I. Lapkovskaya ◽  
I. V. Emelyanovich
Keyword(s):  
Economic Development ◽  
Regression Analysis ◽  
Multiple Regression Analysis ◽  
Multiple Regression ◽  
Transport Infrastructure ◽  
Economic Indicators ◽  
Infrastructure Development ◽  
Independent Variables ◽  
Socio Economic Development ◽  
The Republic

The paper substantiates the necessity to study a transport infrastructure in the context of its impact on socioeconomic indicators pertaining to the development of a certain region. The importance of this study is confirmed by the goals and objectives of the transport system development of the Republic of Belarus, which are outlined in the National Strategy of the Republic of Belarus for Sustainable Socio-Economic Development for the period until 2030, and they are considered as well as priority areas for the development of Minsk region, presented in the Sustainable Development Strategy of Minsk Region for 2016–2025. The influence of eight indicators for transport infrastructure development of Minsk region on four key socio-economic indicators of the region development such as gross regional product, investment in fixed assets, revenues of consolidated budgets, average wage level has been investigated in the paper. A multiple regression analysis has been applied for assessing a relationship between dependent and independent variables. A step selection method has been used as a method of multiple regression analysis. All calculations have been carried out in the IBM SPSS Statistics 20 program. As a result of the study correlation indicators have been established between dependent and independent variables, relationships between variables and dependencies have been determined in the paper. The reliability of the obtained results have been verified with the help of the Fisher and Student's criteria. The obtained results have made it possible to identify key indicators for a transport infrastructure of Minsk region which have the greatest impact on socio-economic development of this region and can be used to analyze an investment attractiveness of Minsk region.

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