Індикатори фондового ринку в контексті інвестиційних можливостей фінансових установ
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Date
2025
Journal Title
Journal ISSN
Volume Title
Publisher
ТОВ `"ДКС Центр`"
Abstract
UKR: Стаття присвячена огляду ринків капіталу в контексті фінансових відносин на макроекономічному рівні. Наголошено, що стабільне функціонування фінансового сектору держави можливе за умов узгодженого взаємозв'язку між регуляторною, інформаційною, інфраструктурною та інвестиційною складовими. Вагомою структурою фінансового сектору держави вважається фондовий ринок. Фінансування реального сектору економіки пов'язане з наявністю інвестиційних можливостей учасників фондового ринку: фінансових установ та інших потенційних стейкхолдерів. Інструменти і умови залучення капіталу для інвестування та його доступність відіграють важливу роль для економічного відтворення на макрорівні. Інвестиційні можливості фінансових установ мають корелювати зі стратегічною моделлю їх діяльності. Доцільність використання фінансових та інвестиційних інструментів в роботі пропонується визначати через такі індикатори, як: розвиненість ринків капіталу, зрілість інфраструктури, надійність пруденційного контролю. Основою управління інвестиційними процесами на ринках капіталу є багатокомпонентне інформаційно-аналітичне забезпечення.
ENG: The article is devoted to an overview of capital markets in the context of financial relations at the macroeconomic level. It has emphasized that stable functioning of the financial sector of the state is possible under conditions of a coordinated relationship between the regulatory, information, infrastructure and investment components. The current model of capital markets regulation is characterized by significant transformational changes. This applies to the procedure for licensing professional securities trading activities, prudential standards for stock market participants and requirements for risk management systems. Transformation processes are traditionally considered the basis for economic development of the state and key sectors of the economy. Financing of the real sector of the economy is linked to the availability of investment opportunities for financial institutions and other potential stakeholders. The instruments and conditions for raising capital for investment and its availability play an important role in economic reproduction at the macro level. The stock market is considered an important structure of the financial sector of the state, with professional activities including: dealer and brokerage activities; underwriting; and securities management activities. The key features of assessing the activities of financial institutions as stockmarket participants are special legislation in the field of capital markets, specific requirements for financial and regulatory reporting and determination of asset liquidity ratios, the need to obtain licenses for all types of professional securities trading activities. The investment opportunities of financial institutions should be correlated with the strategic model of their activities. The expediency of using financial and investment instruments is proposed to determine by such indicators as market development (possibility of investing in various types of assets); infrastructure maturity (availability of the subject of trading, professional participants, trading platforms); reliability of prudential control exercised by the regulator. The authors outline the problematic issues of the modern Ukrainian stock market, which are a significant reduction in the number of stock issuers; critically low rates of securities issuance; curtailment of the stock market infrastructure; low efficiency of regulatory measures.
ENG: The article is devoted to an overview of capital markets in the context of financial relations at the macroeconomic level. It has emphasized that stable functioning of the financial sector of the state is possible under conditions of a coordinated relationship between the regulatory, information, infrastructure and investment components. The current model of capital markets regulation is characterized by significant transformational changes. This applies to the procedure for licensing professional securities trading activities, prudential standards for stock market participants and requirements for risk management systems. Transformation processes are traditionally considered the basis for economic development of the state and key sectors of the economy. Financing of the real sector of the economy is linked to the availability of investment opportunities for financial institutions and other potential stakeholders. The instruments and conditions for raising capital for investment and its availability play an important role in economic reproduction at the macro level. The stock market is considered an important structure of the financial sector of the state, with professional activities including: dealer and brokerage activities; underwriting; and securities management activities. The key features of assessing the activities of financial institutions as stockmarket participants are special legislation in the field of capital markets, specific requirements for financial and regulatory reporting and determination of asset liquidity ratios, the need to obtain licenses for all types of professional securities trading activities. The investment opportunities of financial institutions should be correlated with the strategic model of their activities. The expediency of using financial and investment instruments is proposed to determine by such indicators as market development (possibility of investing in various types of assets); infrastructure maturity (availability of the subject of trading, professional participants, trading platforms); reliability of prudential control exercised by the regulator. The authors outline the problematic issues of the modern Ukrainian stock market, which are a significant reduction in the number of stock issuers; critically low rates of securities issuance; curtailment of the stock market infrastructure; low efficiency of regulatory measures.
Description
О. Топоркова: ORCID 0000-0003-0956-3638; К. Удачина: ORCID 0000-0002-0043-6010; М. Подольхов: ORCID 0009-0003-0609-049X
Keywords
фінансовий сектор, ринки капіталу, інвестиційні інструменти, учасники фондового ринку, трансформаційні процеси, financial sector, securities, investment instruments, stock market participants, transformation processes, КЕкІ, КФОП
Citation
Топоркова О. А., Удачина К. О., Подольхов М. М. Індикатори фондового ринку в контексті інвестиційних можливостей фінансових установ. Інвестиції: практика та досвід. 2025. № 9. С. 155–160. DOI: https://doi.org/10.32702/2306-6814.2025.9.155.