To see the other types of publications on this topic, follow the link: Sustainable development of financial derivatives market.
Journal articles on the topic 'Sustainable development of financial derivatives market'
Create a spot-on reference in APA, MLA, Chicago, Harvard, and other styles
Consult the top 50 journal articles for your research on the topic 'Sustainable development of financial derivatives market.'
Next to every source in the list of references, there is an 'Add to bibliography' button. Press on it, and we will generate automatically the bibliographic reference to the chosen work in the citation style you need: APA, MLA, Harvard, Chicago, Vancouver, etc.
You can also download the full text of the academic publication as pdf and read online its abstract whenever available in the metadata.
Browse journal articles on a wide variety of disciplines and organise your bibliography correctly.
1
Novak, Oksana, Oleksandr Melnychenko, and Oksana Oliinyk. "Improving the regulation of the derivatives market as an objective prerequisite for sustainable development of the global financial system." E3S Web of Conferences 307 (2021): 02002. http://dx.doi.org/10.1051/e3sconf/202130702002.
Full textAbstract:
The development of financial markets is characterized by the emergence of new financial instruments, in particular derivatives, the risk level analysis of which is complicated. Counterparties are not always fully aware of and do not adequately assess the potential risks of derivatives, which may lead to large financial losses and sometimes bankruptcies. The purpose of the study is to generalize approaches to regulating derivative markets and analyse the adequacy of regulatory influence to ensure sustainable development of the global financial system. The article analyses the approaches of scientists and regulators of the USA and the EU to the regulation of the derivatives market before and after the financial crisis of 2007-2008. Prior to the crisis, most scholars took a liberal approach to derivatives market regulation and recommended monitoring new instruments and not restricting their circulation in any way, emphasizing that effective counterparty risk management and their propensity for self-preservation can prevent excessive risk-taking. The authors analyse the potential risks of derivatives and conclude that exchange-traded derivatives can cause similar processes of liquidity crisis, and, therefore, need additional regulatory tools to ensure the stability of the financial system
2
Mishra, Madhusmita, and Prabina Kumar Padhi. "Sustainable Development: A Study of Indian Financial Derivatives Market." Siddhant- A Journal of Decision Making 12, no. 3 (2012): 207. http://dx.doi.org/10.5958/j.2231-0649.12.3.002.
Full text
3
Zuev, V. "Factors of economic development and structural reforms in Russia." Voprosy Ekonomiki, no. 5 (May 20, 2013): 56–72. http://dx.doi.org/10.32609/0042-8736-2013-5-56-72.
Full textAbstract:
The article describes issues of structural reforms implementation in Russia directed at forming favorable institutional environment and business climate, as well as macroeconomic financial stability. The author analyzes the derivatives market, compared with the world’s GDP and considers regularities for the global market of mergers and acquisitions as modern crisis indicators in the global economy. The state of the Russian economy, the balance of payments of RF, international investment position and other macroeconomic parameters are analyzed, as well as the influence of cross-border capital flows and the demographic factor on sustainable development of the Russian economy. A model of the system of managing sustainable socio-economic development together with participation of development institutions is presented.
4
Колоколов, Vladimir Kolokolov, and Зуев. "Transformation as a mechanism to improve economic efficiency: integration and management." Economics of the Firm 2, no. 1 (March 19, 2013): 0. http://dx.doi.org/10.12737/307.
Full textAbstract:
The article describes questions of structural transformations and favorable institutional environment formation in terms of integration of the Russian economy in the global financial system. The mergers and acquisitions, tendencies in the derivatives market and prospects of participation institutions of development analyzes in economic growth. Also it includes approaches to management formation of sustainable development in Russia. The conclusion about necessity of conscious, purposeful development of national innovation support system and technology development with applying of mechanisms for serious technological renovation of production facilities based on advanced scientific and technical elaboration.
5
Malik, Malieka Farah Deeba, and Adil Sharif. "Derivatives as Risk Management Tool in Sharia’h." Pakistan Journal of Social Research 03, no. 04 (December 31, 2021): 379–97. http://dx.doi.org/10.52567/pjsr.v3i4.160.
Full textAbstract:
This paper identifies the various risks in sukuk structures, sharia’h permissible risk hedging techniques and certain regulatory, legal and infrastructural challenges which this novel product is facing in the modern global financial system. The analysis demonstrates that though sukuk is a viable device for asset-monetization, its complex structure necessitates the development of innovative sharia’h permissible risk management tools which can be formulated within the sharia’h framework of Al-Khiyar. Since the sukuk originated from emerging markets which are mostly characterized with secrecy and institutional imbalances, these circumstances create great hardships for the bankers and regulators to observe the progress of the corporate being financed. In this research it is argued that this situation strongly demands greater transparency and disclosure in sukuk structures coupled with profound regulatory, legal and institutional reformation in emerging markets. The research finally argues that sustainable market for the sukuk is doomed with uncertainties, unless the innovative process for sharia’h compatible risk hedging techniques continues and aforesaid reformations are initiated. Keywords: Sharia, Sukok, Risk, Islamic, Finance, Management.
6
Minina, T. I., and V. V. Skalkin. "Reducing the Risks of the Financial Sector to Ensure Sustainable Growth of the Russian Еconomy." Economics, taxes & law 12, no. 3 (July 7, 2019): 86–92. http://dx.doi.org/10.26794/1999-849x-2019-12-3-86-92.
Full textAbstract:
Russia’s entry into the top five economies of the world depends, among other things, on the development of the financial sector, being a necessary condition for the economic growth of a developed macroeconomic and macro-financial system. The financial sector represents a system of relationships for the effective collection and distribution of economic resources, their deployment according to public demand, reducing the risk of overproduction and overheating of the economy.Therefore, the subject of the research is the financial sector of the Russian economy.The purpose of the research was to formulate an approach to alleviating the risks of increasing financial costs in the real sector of the economy by reducing the impact of endogenous risks expressed as financial asset “bubbles” using the experience of developed countries in the monetary policy.The paper analyzes a macroeconomic model applied to the financial sector. It is established that the economic growth is determined by the growth and, more important, the qualitative development of the financial sector, which leads to two phenomena: overproduction in the real sector and an increase in asset prices in the financial sector, with a debt load in both the real and financial sectors. This results in decreasing the interest rate of the mega-regulator to near-zero values. In this case, since the mechanisms of the conventional monetary policy do not work, the unconventional monetary policy is used when the mega-regulator buys out derivative financial instruments from systemically important institutions. As a conclusion, given deflationally low rates, it is proposed that the megaregulator should issue its own derivative financial instruments and place them in the financial market.
7
Shavshukov, Viacheslav, and Natalia Zhuravleva. "Restructuring of International Finance for Sustainable Development of The Global Economy." SHS Web of Conferences 74 (2020): 06028. http://dx.doi.org/10.1051/shsconf/20207406028.
Full textAbstract:
The global crisis of 2008–2009 and its long post-crisis recession have raised questions about the future structure of the world economy. The crisis is viewed as a crash of the basic elements of the global economy’s system. The international markets of financial assets failed to regulate themselves and aggravated conflicts between global and national finance. In 2010–2019 the world economy faced the risks for sustainable development. Deglobalization and dedollarization procedures questioned the previous philosophy and world economic leadership. According to the main results of a research, international financial institutions have deficiency of means for the solution of civilization problems. The world banking system, enhancing capital base according to BIS III, is defenseless against a big share in balance of derivatives and off-balance obligations. The post-crisis economy is unstable before the risks of dropping rates by 70% of the world’s economy. The system’s solution to problems of ensuring sustainable development relies on “three whales”: change of the domestic economic policy in the direction of structural reforms for the 4.0 Revolution, ensuring productivity growth, smooth transition to a flexible exchange rate, decrease in the public and corporate debts; transition to cross-border policy without tariff wars; and focus of the world economy in civilization’s problems, quitting a competition for leadership in favor of the multipolar world, orientation to quality of life and SDR as the reserve currency.
8
Shevchenko, A., R. Zadorozhna, and M. Tkachenko. "The development of forms of institutional investment and their role in the mechanism of raising capital for the domestic economy." Ekonomìka ta upravlìnnâ APK, no. 2 (143) (December 27, 2018): 78–85. http://dx.doi.org/10.33245/2310-9262-2018-143-2-78-85.
Full textAbstract:
One of the important contemporary problems is to provide sustainable economic growth by attracting investment capital to all sectors of the national economy. According to world experience, the main role in this process belongs to the securities market. It is an important tool for the development of the national economy, as it promotes the redistribution of capital between its spheres and industries. Institutional investors as professional financial intermediaries play a decisive role in the mechanism of capital flows allocation. Collective investment institutes are large-scale financial institutions that accumulate significant amounts and manage them. The article investigates the role and importance of institutional investors as a special type of financial intermediaries in the Ukrainian financial market. Institutional investors are professional participants of the stock market and financial intermediaries between citizen’s savings and the investment needs of the domestic economy. Their mission is to promote the more effective realization of the function of transforming savings into investments. Significant amounts of free cash owned by small investors and the large needs of a real sector of the economy in free investment resources require the search for effective means of fundraising from small owners to collective investment institutions. The importance of institutional investors activity is great since they are the leading suppliers of investment resources in the country’s economy and determine the level of its economic development. The trends and results of Ukrainian institutional investors activity over the last five years is investigated in the article. From the quantitative side, the collective investment institutions are the dominant kind of institutional investors in Ukraine, and their number is constantly increasing. For the beginning of 2018, 292 asset management companies, 235 collective investment institutions, 58 non-state pension funds and 3 insurance companies with assets in AMC management were registered in Ukraine. We can see the largest increase in the value of assets in non-diversified investment funds – 146.3%. At the same time, mutual funds increased on 23.8%. However, this is not enough for the Ukrainian stock market. A small number of derivatives in circulation and low liquidity of securities restrict the activity of domestic collective investment institutes. The critical analysis of the long-term working practices of Private joint stock company «KINTO» is performed. PJSC «KINTO» is one of the most successful asset management companies on the domestic securities market. Currently, PJSC «KINTO» is an investment manager of twelve investment funds and one non-state pension fund. Asshown by analysis, the final financial results of the collective investment institutes (CII) depend on the choice of investment strategies. The features of the use of various investment strategies by CII at the stock market are investigated. It is proved that the passive-active strategy using is the most effective because of maximizing income while minimizing risks in the medium and long-term. To achieve this aim, the majority of investment funds of AMC «KINTO» forms a diversified investment portfolio based on the securities of the most investment-attractive companies of the real sector of the economy, belong to the «blue chips» of the domestic stock market. Also, the company «KINTO» uses all advantages of collective investments by applying both different trading platforms and investment instruments (instruments of stock, bond and money markets). Key words: institutional investors, net asset value, closed-end non-diversified corporate investment fund, interval diversified unit investment fund.
9
Thị Nhung, Nguyễn, Trần Thị Vân Anh, Nguyễn Tố Nga, Vương Thùy Linh, and Đinh Xuân Cường. "Price discovery and information transmission across stock index futures: evidence from VN 30 Index Futures on Vietnam’s stock market." Investment Management and Financial Innovations 16, no. 4 (December 19, 2019): 262–76. http://dx.doi.org/10.21511/imfi.16(4).2019.23.
Full textAbstract:
The introduction of the first tradable stock index futures of VN 30 is a very good signal showing that Vietnam is starting to have a high-level financial market, which brings many expectations about sustainable and safe development of its stock market. However, risk concerns of this type of derivative products have been raising with many claims since then. This article aims to provide empirical evidences to show if futures trading plays important role of price discovery and information transmission for spot market. Using daily data collected about VN 30 Index Futures, VN 30 Index, VN Index from August 10, 2017 to February 28, 2019, which is divided into three sub-periods (increase/decrease/recovery), the research verifies VN 30 Index Futures’ role of price discovery and information transmission by applying Vector Error Correction Model (VECM). Empirical findings show that there is a stable equilibrium relationship between the two series groups (including VN 30 Index Futures, VN 30 Index and VN 30 Index Futures and VN Index) during three sub-periods or spot and futures markets are integrated and synchronized. In particular, VN 30 Index Futures’ price discovery and information transmission are clearly seen when the market falls or does not change a lot.
10
Zolkover, A., and V. Bozhenko. "APPOACHES TO MACROECONOMIC STABILITY ASSESSMENT." Vìsnik Sumsʹkogo deržavnogo unìversitetu, no. 3 (2020): 303–8. http://dx.doi.org/10.21272/1817-9215.2020.3-34.
Full textAbstract:
The rapid development of globalization and convergence processes in the financial sphere, strengthening cooperation between countries in foreign economic activity, digital transformation of economic relations, free movement of labor and liberalization of state regulation inevitably affect the state of macroeconomic stability in the country. Macroeconomic stability is the basis for sustainable economic growth, so its support is one of the most important tasks not only of the central bank, but also of other government regulators and supervisors. To monitor the current state of economic development of the country and identify structural imbalances in the real and financial sectors of the economy, the development of an aggerated indicator becomes objectively necessary. The purpose of this study is to systematize the existing methodological approaches to assessing macroeconomic stability in the country. Methods of induction, analysis, synthesis, comparison were used within the research. The article analyzes the index of macroeconomic stability of individual developed countries and the developing world, calculated by experts from the reinsurance company Swiss Re and the London School of Economics. Analysis of existing methods for assessing macroeconomic stability and its derivatives has identified several approaches: probabilistic (determining the probability of adverse events and phenomena that impair macroeconomic stability), signal (analysis of the market environment based on key indicators and their compliance with threshold values). determination of the deterministic relationship between the selected variables). The obtained results will be of practical value for public authorities and international organizations for the current analysis and adoption of a set of preventive measures to combat crises in the economy. Priority areas for further research are the development of its own methodology for assessing the level of macroeconomic stability of the country, taking into account the presence of transmission effects between participants in the financial and real sectors of the economy.
11
Smyslov, D. "St. Petersburg Summit of the «Group of Twenty»." World Economy and International Relations, no. 12 (2014): 15–25. http://dx.doi.org/10.20542/0131-2227-2014-12-15-25.
Full textAbstract:
«The Group of Twenty» is an informal forum for international cooperation between the leading developed states, the largest developing countries and emerging market economies. The article explores the key strategic approaches and governance decisions related to the main directions of international macroeconomic and financial regulation elaborated during the Russian chairmanship in the G-20 (December 2012 – December 2013) which culminated in the St. Petersburg summit. The author makes attempt to estimate viability of discussed approaches and decisions against the background of the actual problems of global economy. The author pays special attention to the St. Petersburg summit’s approaches to the problems of providing favorable conditions for strong and sustainable economic growth and of addressing unemployment. The point is how to achieve an acceptable compromise between the purposes of fiscal and monetary policies, on the one part, and providing balanced state budgets, as well as price stability, on the other part. Also, the importance of a wide range of radical structural reforms is stressed. The author argues that Russia proposed to vital themes to discuss at G-20 summit: long-term financing for investment as a foundation for economic growth and improvement of public debt management practices. The article describes the principal provisions of the Declaration and the Action plan related to various aspects of the reconstruction of financial and monetary system, including: tackling tax avoidance; implementing the Basel-3 standards, dealing with the adequacy of the bank’s capital; ending «too big to fail» problem; reforming over-the-counter (OTC) derivatives market; reducing reliance on the credit rating agencies; addressing potential risks for financial stability posed by the shadow banking; increasing financial inclusion, financial education and strengthening financial consumer protection; eliminating the international misbalances through broad based rebalancing of global demand; resisting of all forms of protectionism and promoting liberalization of global trade and investment; moving towards exchange rate flexibility to avoid persistent exchange rate misalignment; transforming the International Monetary Fund and Financial Stability Board. The author points to significant achievements of G-20 as a coordinating body for economic crisis management and, at the same time, discloses obstacles complicating its activities and development.
12
KOLOSOVA, Viktoriia. "Trends in the transformation of Bretton-Wood organizations in global space." Fìnansi Ukraïni 2020, no. 8 (October 23, 2020): 72–85. http://dx.doi.org/10.33763/finukr2020.08.072.
Full textAbstract:
The article highlights the historical aspects and preconditions for the creation of the International Monetary Fund (the IMF) and the World Bank, which since 1944 have been the most influential international financial organizations and have played the role of the world's largest creditors. The essence of the transformations of their activity caused by the phenomena of the new economic reality is revealed. The solution to the problems of financial stability on a global scale in the postwar period by the United States and the newly created the IMF was to peg national currencies to the US dollar in the Fund's arbitration. The events related to the crisis of the Bretton Woods system of single fixed exchange rates and the irreversible disruptions in the world circulation of oil and its derivatives in the 1970s were important reasons for changing the principles of the world monetary and financial system towards the introduction of free exchange. At the same time, due to the intensification of domestic trade and investment, there were abrupt outpacing transformations of the economies of the south-eastern part of the Asian continent. Following the irreversible events involving the collapse of the socialist camp, support for reform programs in transition economies has been added to the IMF's targets. The activities of the World Bank under the impact of these total changes were also significantly renewed. Further, the IMF and the World Bank began to work more closely, integrating anti-crisis approaches and measures, while remaining a universally recognized instrument of stabilization in the global dimension. The activities of the Bretton Woods organizations are aimed at assisting the governments of developing countries in implementing market economic policies to protect the rights of all forms of ownership, modernize institutional structures, achieve financial balance, and improve the social situation of all segments of the population. It is concluded that in order to ensure sustainable development, the strategic renewal of the IMF and the World Bank provides for the expansion of quotas to support structural reform programs, improve the allocation of credit and financial resources, support opportunities to meet the needs of socio-economic systems, develop human capital and efforts for solving macroeconomic problems, etc. The directions of impact of these international financial institutions on solving actual problems concerning climate change, displays of corruption, overcoming inequality, resistance to threats of destabilization, struggle against a pandemic of a coronavirus disease of COVID-19 are defined.
13
Murod, Mamun, Cecep Kusmana, Mochamad H. Bintoro, Nfn Widiatmaka, and Endang Hilmi. "Analisis Struktur Kendala dalam Pengelolaan Sagu Berkelanjutan di Kabupaten Kepulauan Meranti Provinsi Riau [Structure Analysis of the Contstraint Sago Sustainable Management in Kepulauan Meranti Regency Riau Province]." Buletin Palma 19, no. 2 (December 31, 2018): 101. http://dx.doi.org/10.21082/bp.v19n2.2018.101-116.
Full textAbstract:
<p>Sago (<em>Metroxylon sp</em>.) has an important role and society economy in Meranti Island Regency. The development of sago business in the regency in the future has a promising aspect, because the development of the sago industrialization area has not been optimal. Currently the sago platns have wide area around 53.456 ha or 43% from the exist area. Cultivation sago is still conventional, it is only produce starch sago. In 2017 the starch sago has 205,051 ton. The development of downstream still limited that are noodle, vermicelli, and crackers. The by-product are waste from pulp (repu) and peel (uyung) is not be used optimaly yet. In order to develop sago to be sustainable, that required structure constraint design. Those model has done with method Interpretative Structural Modelling (ISM). Method ISM is the strategic model technic that can be seen system condition comprehensively. This research is purpose to set the appropriate strategy based on structure constraint design that has an effect in sustainable sago development in Meranti Island Regency, Riau Province. The result of ISM analysis shows that sustainable sago development has 6 sub element of key constraint, there are : (1) Waste utilization and management; (2) Ijon system; (3) Availability, distribution, and market segmentation; (4) Water management; (5) processing of derivative product and packaging design, and (6) price stability, (7). To reach the sustainable cultivation sago, it is required support from every stakeholders both governments, academics, entrepreneurs, farmers, financial insitutions and non-governmental organization so that, sago cultivation run well and sustainable.</p><p> </p><p align="center"><strong>ABSTRAK</strong><strong></strong></p><p>Tanaman sagu (<em>Metroxylon</em> sp.) memiliki peran penting dalam kehidupan dan perekonomian masyarakat di Kabupaten Kepulauan Meranti. Pengembangan usaha sagu di Kabupaten ini pada masa yang akan datang memiliki prospek yang menjanjikan, karena pengembangan industrialisasi sagu belum optimal pelaksanaannya. Tanaman sagu saat ini luasnya 53.456 ha atau 43% dari lahan yang tersedia. Pengolahan sagu masih berjalan secara konvensional, yaitu hanya menghasilkan produk berupa pati sagu. Produksi pati sagu pada tahun 2017 sebesar 205,051 ton. Pengembangan produk hilirnya masih terbatas yaitu hanya mie, sohun dan kerupuk. Produk sampingnya berupa limbah dari ampas (repu) dan kulit (uyung) belum dimanfaatkan secara optimal. Desain struktur kendala diperlukan dalam rangka mengembangkan sagu agar berkelanjutan. Pemodelan struktur kendala dilakukan dengan menggunakan<em> Interpretative Structural Modelling</em> (ISM). ISM adalah teknik pemodelan strategis yang dapat memotret kondisi sistem secara komprehensif. Penelitian ini bertujuan untuk menyusun strategi yang tepat berdasarkan analisis struktur kendala yang berpengaruh dalam pengelolaan sagu berkelanjutan di Kabupaten Kepulauan Meranti, Provinsi Riau. Hasil analisis ISM menunjukkan bahwa dalam pengelolaan sagu berkelanjutan terdapat 6 sub elemen kendala kunci, di antaranya: (1) Pemanfaatan dan pengolahan limbah; (2) Sistem ijon ; (3) Ketersediaan, distribusi dan segmentasi pasar; (4) Tata kelola air, (5) Pengolahan produk turunan dan desain kemasan; dan (6) Stabilitas harga. Dukungan dari semua stakeholders terkait baik dari pemerintah, akademisi, pengusaha, petani, lembaga keuangan dan lembaga swadaya masyarakat (LSM), diperlukan agar pengelolaan sagu berjalan secara baik dan berkelanjutan.</p>
14
Петренко, Людмила А. "ФОРМУВАННЯ КОНКУРЕНТНИХ ПЕРЕВАГ ПІДПРИЄМСТВ НА ОСНОВІ ІННОВАЦІЙ В УМОВАХ ЕКОНОМІКИ ЗНАНЬ." Bulletin of the Kyiv National University of Technologies and Design. Series: Economic sciences 141, no. 6 (July 14, 2020): 47–59. http://dx.doi.org/10.30857/2413-0117.2019.6.5.
Full textAbstract:
The article explores the role of innovations in enhancing business competitiveness. An emphasis is put on rapidly growing need for innovations in modern economic realia. It is argued that innovations are critical for raising enterprise capitalization, in particular, while business is expanding the effect from innovations is also increasing, thus spurring innovation processes within companies. The mechanism of innovation effects on company financial performance is mediated by the market which shapes competitive advantages. Accordingly, the specified mechanism for developing competitive advantages for businesses based on innovation is crucial for value creation. Given that in the knowledge economy environment the organizational learning has become a key driver for development, it is assumed that the organizational learning capability triggers its capacity to generate innovations which in turn contributes to gaining competitive edge and market success in the future. Accordingly, this study aims to determine the key components in the process of building competitive advantages based on innovation in the contemporary knowledge economy settings. In the frameworks of this study, an in-depth analysis of scholarly publications in the area of competitive advantage theory and innovation has been carried out. To attain the research objectives, the methods of analysis and synthesis were applied. A nexus that underpins the basis for developing a unified synthetic theory of innovation-based competitive advantages is the resource-based view (RBV) along with its derivative, the dynamic capability-based view (DCV). The study findings have identified a range of factors that have strong influence on creating competitive advantages for a company based on innovations in a knowledge economy. Among them are the following: firstly, entrepreneurship as a driving force for innovation, the search for new combinations of resources (combinatorial capacity) and further development of competitive advantages; secondly, organizational learning, which in terms of the dynamic capabilities theory could be interpreted as "learning capabilities" in such priority areas for an innovative business as: 1) learning capability based on comprehension of previous experience and using it to develop innovations; 2) the capability to learn in the process of interaction with key stakeholders (partners, suppliers, consumers, competitors) and implementation of ideas gleaned from such interaction to create innovations. The research results provide evidence that companies with effectively developed internal entrepreneurship practices and innovation policies as the key areas of their competitive strategy should also design and boost a set of dynamic capabilities (learning capabilities) that will contribute to enhancing innovative development and gaining sustainable competitive advantages in the future.
15
Pujiastuti, Dwi Yuli, Mochammad Amin Alamsjah, and Juni Triastuti. "Increasing Added Value of Seaweed Products for Noodle and Jelly Candy in Petemon Surabaya." Kontribusia : Research Dissemination for Community Development 5, no. 1 (December 31, 2021): 37. http://dx.doi.org/10.30587/kontribusia.v5i1.3137.
Full textAbstract:
In this PKM program, our partner is residents in Petemon, Surabaya, East Java Province. This community has generated the production of noodle and jelly candy from seaweed. Seaweed processing has a very broad market potential due to the increasing demand and use of seaweed processing products, whether used in the health, pharmaceutical or industrial fields. Development of seaweed with an industrial concept approach that starts from upstream, processing basic products into formulation products with a lot of derivative products, both food and non-food products. In food ingredients, seaweed can be formulated, among others, into ice cream, pudding, jelly candy or other foods and soft drinks
Based on interviews and observations in the field, there are 2 main focuses of the problems currently faced by partners, namely: 1) lack of knowledge about seaweed and 2) product diversification of seaweed which have an added value.
Some of the things planned by the PKM team are innovating seaweed to be noodle and jelly candy as well as providing training and mentoring for financial analysis, packaging and marketing. The purpose of this activity is to transfer knowledge of making product diversification of seaweed, develop the creativity of the partner, increase the noodle and jelly candy production and improve the welfare of the partner.
This activity was realized with an approach in the form of making a sustainable cooperation program until the end of PKM, creating a family atmosphere between the two and understanding that the problems experienced were a shared problem so that they could be solved together according to the level of responsibility to achieve the expected benefits, namely increased yields, production and productivity and competitiveness, independence and welfare of the community.
16
LUPU, Aurel Constantin, and Oana Raluca IVAN. "ACHIEVING THE SUSTAINABLE DEVELOPMENT GOALS." ANNALS OF THE UNIVERSITY OF ORADEA. ECONOMIC SCIENCES 30, no. 2 (December 2021): 147–54. http://dx.doi.org/10.47535/1991auoes30(2)016.
Full textAbstract:
The purpose of this paper is to examine the state of Romania’s sustainable development using statistical indicators (green investments, employment rate, GDP expenditure on research, development, and innovation, greenhouse gas emissions, share of renewable energy in gross final energy consumption, early school leavers, tertiary educational attainment, and people at risk of poverty or social exclusion). The method used in this research work is bibliographical and statistical research. The topic of sustainability has experienced a new upswing. Society demands sustainable business from companies and wants transparent information in return. The importance of sustainable action is also reflected in investment decisions: the classic financial key figures are no longer the exclusive reason for an investment. Rather, non-financial indicators are expected to provide further information about the long-term value of a company. In 2014, EU member states adopted a directive to expand the reporting of large capital market-oriented companies, credit institutions, financial services institutions and insurance companies. Since 2017, this Nonfinancial Information (NFI) Directive has been mandatory for capital market-oriented companies in Austria within the framework of the Sustainability and Diversity Improvement Act (NaDiVeG). In concrete terms, this means that capital market-oriented companies must publish a non-financial statement or a separate non-financial report in addition to the management report. The number of companies generating and providing non-financial information to interested users is steadily increasing around the world, while the quality of disclosure of such information is increasing. Year by year, as evidenced by numerous studies and stakeholder surveys. In Romania, green initiatives have resulted in an increase in the share of renewable energy in total energy consumption, a decrease in school dropouts, and an increase in the number of students enrolled in bachelor’s degree programs.
17
Bullappa, H. L. U. "Development of Financial Derivatives Market-In Indian Context." AMBER – ABBS Management Business and Entrepreneurship Review 8, no. 1 (March 1, 2017): 30. http://dx.doi.org/10.23874/amber/2017/v8/i1/158366.
Full text
18
Loginov, Mikhail, Natalia Usova, and Aigerim Baigotanova. "Ensuring Sustainable Development of the National Financial Market Based on Digital Financial Services." SHS Web of Conferences 93 (2021): 02029. http://dx.doi.org/10.1051/shsconf/20219302029.
Full textAbstract:
The article is devoted to the development of the national financial market and ensuring its stability on the basis of digital transformation. Subject of research: digitalization of the financial market. The aim of the study is to study the theoretical foundations of the financial market and determine the priorities of its development based on the digitalization of services to ensure sustainable development in the medium term. Method of research. in the process of writing, the authors used such methods as analysis, grouping, comparison, and synthesis. Results: 1. The features of digitalization of services provided in the national financial market are disclosed. 2. The mechanism of interaction of the main participants in the digital financial assets market is presented and their characteristics are given. 3. Measures for digital transformation of the national financial services market are proposed, taking into account the current situation in the national economy. Scientific novelty: the mechanism of interaction of the main participants in the digital financial services market was determined, measures for the digital transformation of the financial services market were proposed.
19
Lopukhin, A. V., E. A. Plaksenkov, and S. N. Silvestrov. "Fintech as Accelerating Factor of Inclusive, Sustainable Development." World of new economy 16, no. 1 (May 25, 2022): 28–44. http://dx.doi.org/10.26794/2220-6469-2022-16-1-28-44.
Full textAbstract:
This article focuses on the impact of the financial sector on inclusive, sustainable development. The paper aims to study the impact of the fintech industry and financial inclusion on the development of the financial system to achieve the UN SDGs. We discussed various approaches to the content of the “fintech” and “ecosystem” terms and offered an interpretation of the term “financial inclusion”. We used comparative and system analysis methods to study the publications of many authors who found that a developed and inclusive financial system affects the reduction of poverty and inequality, welfare and employment, consumer market, economic growth, sustainable development, etc. At the same time, we showed variants of the relationship between increased access to financial services and financial stability, which can both be positive and negative. The state of the financial services market in Russia, which ranks high in various ratings in terms of financial inclusion, is described in detail. Further, we considered the barriers to the growth of financial inclusion in Russia and ways to overcome them. The practical significance of the work lies in the possibility of its use in the development of key areas of financial market development. Next, more attention needs to be paid to regulatory influences on consumer behaviour in selecting services and their providers.
20
Fan, Zesen, and Kaiyue Liu. "Research on the Development Course and Countermeasures of Chinese Financial Derivatives Market." Frontiers in Business, Economics and Management 3, no. 3 (April 23, 2022): 36–39. http://dx.doi.org/10.54097/fbem.v3i3.313.
Full textAbstract:
With the development of times, the trading volume of financial derivatives continuously extend, and its growth rate has exceeded that of traditional financial products. China's financial derivatives market is a crucial part of the financial system, showing a trend of optimized development, and international influence significantly improved. However, compared with the mature financial market abroad, there are still many problems in China's financial derivatives market. The paper analyzes the development course and problems of China's financial derivatives market, and puts forward the countermeasures to effectively promote the development of China's financial derivatives market, in order to enhance the competitiveness of China's financial derivatives market.
21
Vasina, E. V. "DEVELOPMENT OF DERIVATIVE MARKET IN 2000-2012." MGIMO Review of International Relations, no. 3(36) (June 28, 2014): 88–95. http://dx.doi.org/10.24833/2071-8160-2014-3-36-88-95.
Full textAbstract:
At the end of XIX century futures exchange emerged, in the early 70-ies XX century - option exchange of financial derivatives. These exchanges gave a huge boost to the development of market of the operations with derivative financial instruments. In fact, in the 1970-1980-ies a new market segment was actually formed - the stock and financial derivatives. Trade in financial derivatives began in the OTC market, which accounts for most of the trade of derivatives. Today volumes of the OTC market of derivatives are several times greater than the volume of world trade and world GDP. From 2000 to 2007 derivative OTC market grew rapidly. In 2007-2008 there is a decline in trade of derivatives, but already in 2009 the world market of OTC derivatives returned to pre-crisis growth rates. Among all the instruments of the OTC market of derivatives swaps on interest rates stand out in the volumes, which even in the crisis of2007-2008 slightly, but increased. Analysis of indicators of the global OTC market of derivatives reveals the predominance of instruments on interest rates: their share in the total world market in 2012 amounted to about 77%. If we consider the structure of the OTC market of derivatives on type contracts, in 2012 most of the contracts (66%) belonged to the swaps. As regards the structure of the world market of exchange derivatives, in 2012 the options had the largest share - 54 %, futures accounted for 46 %. Among all the exchange instruments on interest rates held 92%.
22
Abuselidze, George, Nadiia Reznik, Anna Slobodianyk, and Victoria Prokhorova. "Global Financial Derivatives Market Development and Trading on the Example of Ukraine." SHS Web of Conferences 74 (2020): 05001. http://dx.doi.org/10.1051/shsconf/20207405001.
Full textAbstract:
Stock market of financial derivatives in Ukraine still develops. There is important to find the way how to use world experience for the domestic implementation. First of all there is a need to improve of legislative base to ensure economic and financial stability. The next way of integration process for domestic stock market of financial derivatives is stock consolidation. Before implementation of foreign experience on the stock market of Ukraine it is important to take into account of all risks which are connected with this process. This research shows appropriate steps for integration of Ukrainian stock market of financial derivatives into global scale. The article identifies the economic essence of derivatives and their types within market economy. Key trends in global derivatives trading are highlighted. Current state and organizational measures of derivatives market development in Ukraine are discussed. Price risk has become the main feature of contemporary commodity and financial markets. Globalization of world commodity and financial markets leads to rapid changes and uncertain business conditions. Under current circumstances, derivatives market provides efficient ways for price risk hedging within market economy. That is why it is important to take into consideration the contemporary state and perspectives of derivatives market in Ukraine.
23
Ruan, Lei. "Research on Sustainable Development of the Stock Market Based on VIX Index." Sustainability 10, no. 11 (November 9, 2018): 4113. http://dx.doi.org/10.3390/su10114113.
Full textAbstract:
The frequent occurrence of financial crises has made the dynamic linkage between international financial markets an important research topic. In the past, scholars mostly studied the correlation between financial markets directly, however ignored the impact of exogenous financial variables on financial markets. The stock market is an important part of the financial market and plays an important role in the overall economy. Information asymmetry is common and has a certain degree of impact on investors’ returns. However, many scholars believe that the problem of information asymmetry in China has seriously negatively impacted investors, forming an unsustainable state. At present, there are still many problems in the Chinese stock market, especially the stock market fraud, which brings great challenges to the sustainable development of the stock market. Based on the idea of the STCC model, it is assumed that the Copula parameter is affected by the exogenous variables and the time-varying dynamic Copula model-ST-VCopula model is established. Based on the model, the influence of market volatility (VIX index) on the stock market is explored and then the stock index data of several countries are empirically analyzed. The empirical results show that the VIX index has a significant impact on the linkage between stock markets. The VIX index is easy and more intuitive to obtain, providing another way for the dynamic linkage research between the market, which can provide investors with some guidance and advice when conducting financial activities such as diversification.
24
Teplova, Tamara, Tatiana Sokolova, Mariya Gubareva, Kristina Galenskaya, and Andrey Teplov. "Perception and Drivers of Financial Constraints for the Sustainable Development." Sustainability 12, no. 17 (September 3, 2020): 7217. http://dx.doi.org/10.3390/su12177217.
Full textAbstract:
Financial market imperfections constrain firms’ ability to obtain funds. This is especially true for the former communist bloc countries. However, the restrictions on access to financing and the attitudes of management in these geographies remain overlooked by academic research and represent an important obstacle on the roadmap to sustainable development. The objective of this paper is to fill this gap by analyzing the impact of ownership structure, institutional environment development, and debt market profile on the perception of financial constraints by the representatives of corporate top management from 28 countries of the former communist bloc. Our analysis spans over the period 2002–2013. We apply the probit and Heckman models to investigate nonlinear and multicast effects of the considered factors. We evidence that during the crisis and post-crisis periods, foreign ownership alleviates the restrictions on access to financial resources. We also discuss the role of state ownership. We find that the volume of local currency bond market has a nonlinear U-shape relationship. Our results are useful for policy makers focused on sustainable development of the former communist economies by means of improving access of businesses to financing.
25
Маnuylov, K. E. "FINANCIAL MARKET SPECULATIVE TRANSACTIONS." MGIMO Review of International Relations, no. 6(33) (December 28, 2013): 141–48. http://dx.doi.org/10.24833/2071-8160-2013-6-33-141-148.
Full textAbstract:
The article highlights the transformation of financial market, which determines its insulation as an independent economy sector. The tendency was first analyzed in late XIX century and has been developing since then, resulting in dissociation of real and financial sectors. Due to uncertainty traders lack decision guidelines, as speculative transactions do not imply property management. As a result, their decisions are based on expectations and market value losses any connection to real sector performance. Financial derivatives development through late XX century has brought financial market independence to a new level and inflation of the sector to values, exceeding world GDP. Stock market has provided the basis for property and management separation, and derivatives, in turn, separate returns from property and risk from asset. As risk valuation turns out to be the measure of market expectations, it is sure to affect the basic asset prices even more than underlying real capital. The imbalance is believed to have been one of the determinants of the modern financial and economic crisis. Financial market has evidently transformed to a casino to a greater extent, than Keynes identified.
26
Krylova, Ksenia. "Bonds for sustainable development: foreign and Russian experience." Scientific notes of the Russian academy of entrepreneurship 19, no. 2 (May 28, 2020): 64–71. http://dx.doi.org/10.24182/2073-6258-2020-19-2-64-71.
Full textAbstract:
In this article, author analyzes the current situation on the bond market in the field of responsible investment at the global and local levels, using the example of the Russian Federation. The practical basis for the definition and classification of ESG-bonds is considered. Events of recent years that have in-fluenced creation and development of the green investment sector in the Russian financial market are described.
27
Zaitsev, O., and A. Olondar. "REVIEW OF THE FUNCTIONING AND DEVELOPMENT OF THE DERIVATIVES MARKET." Vìsnik Sumsʹkogo deržavnogo unìversitetu, no. 3 (2020): 227–38. http://dx.doi.org/10.21272/1817-9215.2020.3-25.
Full textAbstract:
The article draws attention to a specific market of derivative securities - the derivatives market. At the present stage of development of communication technologies, there is a steady increase in the general trend of direct participation of individuals in financial transactions using electronic platforms. In particular, there is an interest in the participation of Ukrainian citizens in operations on world stock markets. It is emphasized that relatively technically easy access to participation in financial transactions through the use of electronic platforms is currently a potential threat to financial security for the funds of participants in such transactions. This is due to the weak professional training of most domestic financial professionals to assess the capabilities of the derivatives market, as well as to participate in transactions with them. It is emphasized that stock exchange operations on stock markets, purchase and sale of derivatives on electronic platforms, require, along with general, also special knowledge on certain specific areas of economic development and financial relations. From the standpoint of such trends, this review article is proposed. The article provides a brief overview of the functioning of the derivatives market (derivatives) in order to get acquainted with the principles of its operation, as well as with the most common strategies and related terms. The article mentions four main types of derivative contracts: forwards, futures, options and swaps. It is noted that the vast majority of derivative products are valued at five main asset classes: equity, fixed income instrument, commodity, foreign currency and credit event. Mechanisms of trading in derivative securities, which are divided into exchange and over-the-counter, are considered. Historical examples of negative and positive transactions with derivatives are given. The conclusion emphasizes that the economic potential of the stock market of financial derivatives does not appear at the same time as a result of the adoption of legislation. This potential is gradually formed as a set of market opportunities, competitive advantages, means and sources of development of stock exchanges. The formation of the economic potential of the stock market of financial derivatives involves the implementation of a set of coordinated organizational and economic transformations, which are carried out with the active support of regulatory authorities.
28
LYUBICH, Oleksandr, and Andriy SVISTUN. "Innovative debt financial instruments of state development banks." Naukovi pratsi NDFI 2020, no. 3 (December 4, 2020): 41–62. http://dx.doi.org/10.33763/npndfi2020.03.041.
Full textAbstract:
The current trend and activity of development banks is to attract and allocate resources for sustainable financing, which takes into account the consequences for the environment, social sphere and corporate governance. The framework of sustainable bonds is part of the broad agenda of the UN Global Compact to continue to provide private capital for sustainable development. The aim is to inspire key players in the investment value chain to create a market for investments with sufficient scale, liquidity and diversification to attract large institutional investors and finance a wide range of private and public sector activities. The potential for expanding the market for sustainable development bonds is very significant, although their share in the global volume of debt instruments does not exceed 1%. National development banks are able to be leaders in issuing green, social and sustainable bonds to finance projects that meet the interests of society. These institutions can play a more active and effective role if governments clearly articulate their mandate to achieve the goals of sustainable development. Allocation of resources will be possible subject to the adoption of a national strategy for sustainable financing, which provides for the attraction of resources in capital markets, joint financing of projects with private banks, strengthening cooperation with international donors. The national development banks (NDB), in contrast to international or multilateral development banks, better identifies the needs and gaps of the national economy for financial resources. Compared to commercial banks and investment funds, they have a greater potential for risk-taking than financial intermediaries, providing long-term financing in local currency. Also, the NDBs are able to raise resources in international and local capital markets cheaper than private institutions, but this requires the preparation and implementation of a mechanism for issuing bonds, reporting on global standards
29
Oluganna, Eunice, Tajudeen Lawal, and Daniya Adeiza Abdulazeez. "EFFECT OF FINANCIAL DEVELOPMENT ON FINANCIAL INNOVATION IN NIGERIA." JURNAL AKUNTANSI DAN AUDITING 15, no. 2 (October 6, 2019): 150–64. http://dx.doi.org/10.14710/jaa.15.2.150-164.
Full textAbstract:
Financial sector is crucial for the development of a well-functioning market as it facilitate capitalinflows, mobilize savings for productive investment and facilitates the conduct and growth of aneconomy in the world. Despite the importance of financial sector development in Nigeria, financialinstitution operating in financial market were confronted with drastic changes where by old waysof doing business were no longer profitable and sustainable and unable to acquire fund with theirtraditional financial instruments. Against this background, the study investigated the effect offinancial sector development on financial innovation in Nigeria. The study employed secondarydata obtained from central bank of Nigeria statistical bulletin and World Bank database between2011 and 2017. The data obtained was subjected to system General Method of Analysis (GMM)estimator. The study concluded that upward trend of process innovation significantly influence thein depth of finance. The study recommends policy makers should design policies which willpromote and enhance the relationship between financial innovation and financial development inother to increase the supply and provision of financial service.
30
Wang, Haitong, Ziyi Cheng, and Hongyan Li. "Predictive model of effective sustainable operation for sustainable development of enterprises." E3S Web of Conferences 214 (2020): 02044. http://dx.doi.org/10.1051/e3sconf/202021402044.
Full textAbstract:
Business forecasting has a very important impact on the future development of listed companies. Especially in the current era of information, corporate financial information disclosure is more comprehensive, so a reasonable business forecasting model is particularly important in the market. For the study of business operation forecasting models, Chinese scholars have achieved relevant results. This article is mainly based on the existing models for innovation and development. By establishing two models, SR + CART and ANN + CART, and testing their prediction accuracy, it provides a more diverse and reasonable tool for business forecasting, which is beneficial to the efficient development of capital market. The results show that the ANN + CART model has higher prediction accuracy, and the overall prediction accuracy is 92%.
31
Ishchuk, L., A. Nikolaeva, and V. Polishchuk. "PROSPECTS FOR EXPANSION OF THE INSURANCE MARKET THROUGH THE PRISENCE OF FINANCIAL ACTIVATION OF SUSTAINABLE DEVELOPMENT IN THE REGION." Financial and credit activity: problems of theory and practice 1, no. 36 (February 17, 2021): 330–40. http://dx.doi.org/10.18371/fcaptp.v1i36.227937.
Full textAbstract:
This article summarizes the arguments and counterarguments in the scientific discussion on the main prospects for expanding the insurance market through the lens of the financial activation of the sustainable development of the region. The main aim of the study is the theoretical foundations of the insurance market in the context of financial activation of the region’s sustainable development. Systematization of literary sources and approaches to solving the problem of expanding the insurance market through the prism of financial activation of the region’s sustainable development showed that the majority of Ukrainian scientists who dealt with this issue considered certain instruments of activating influence on the social, economic and environmental spheres of the regions. The urgency of solving this scientific problem lies in the fact that the domestic insurance market is at the stage of its formation, in many cases it does not allow to use it as an effective tool for implementing state policy. Considering that sustainable development and insurance as a subsystem of a common economic space exert mutual influence on each other, the lack of a theoretical and methodological substantiation of the strategy for the development of the insurance market negatively affects the consistency and consistency of the sustainable development of society. The study of the problem of the implementation of insurance activities in Ukraine in the article is carried out in the following logical sequence: determining the sustainable development of the region and its revitalization; research of the insurance market at the present stage of development; setting priorities for the development of the insurance market in terms of ensuring the sustainable development of the region. The object of the research is the sustainable development of the region and its activation, as well as the insurance market of Ukraine. The article presents the results of an empirical analysis of the insurance market of Ukraine, showed that the insurance market has a tendency to develop. The main directions of the integration of insurance activities in the system of sustainable development of the region from the standpoint of its activation are proposed. The study empirically confirms and theoretically proves that the existing prospects for expanding the insurance market through the prism of financial activation of the sustainable development of the region. The results of the study can be useful for practitioners, academics, students, anyone interested in the concept of sustainable development.
32
Mikryukov, Aleksey, and Anna Serebrennikova. "Development of financial intermediation in a sustainable economy." E3S Web of Conferences 208 (2020): 03021. http://dx.doi.org/10.1051/e3sconf/202020803021.
Full textAbstract:
The article examines the theoretical and practical aspects of the development of financial intermediation in the context of sustainable economic development. Sustainable economic development has an impact on the life of the population and enterprises and leads to changes in their needs. Meeting the needs of the entire society is possible through the sustainable development of the financial market as a whole and its individual segments, including new areas of financial intermediation. Banks are considered one of the first financial intermediaries, but the steady development of the economy, accompanied by digitalization, leads to the emergence of new, alternative directions. One of them is crowdfunding. For credit institutions, crowdfunding is an opportunity to diversify their business, reduce lending risks, and expand their customer base. The article presents the dynamics of crowdfunding development in the Russian Federation and presents a comparative analysis of the main financial indicators of the largest Russian banks and crowdfunding platforms.The conclusion is made about the role of banks and alternative financing methods in a sustainable economy and their positive impact on the development of the real sector of the economy.
33
Potapova, E. A., and E. V. Kargina. "THE ANALYSIS OF THE RUSSIAN MARKET OF INSTRUMENTS OF SUSTAINABLE DEVELOPMENT FINANCING AND FACTORS LIMITING ITS DEVELOPMENT." Vektor nauki Tol'yattinskogo gosudarstvennogo universiteta. Seriya Ekonomika i upravlenie, no. 1 (2022): 25–31. http://dx.doi.org/10.18323/2221-5689-2022-1-25-31.
Full textAbstract:
Aggravating the environmental and social problems caused an active introduction of ESG-principles in international practice, according to which, when operating, the economic entities should take into account the influence of their activity on the environment and society. In this context, the research and finding ways to develop such financial instruments that can help stimulate economic entities to implement ESG-projects aimed at sustainable development goals are significant. The paper analyzes data on the securities traded on the Russian stock market and granted green credits, considers the existing evaluations of the Russian market share in the world market. The study shows that currently, the domestic practice uses far fewer types of instruments of sustainable development financing, which is caused by the existence of some barriers highlighted and analyzed by authors. As a result of the study, the authors systematized factors limiting the development of this market and proposed their classification according to four thematic groups (methodological, economic-legal, political, and social-psychological) and in the context of their influence on the activity of issuers and investors in the sphere of sustainable development. The study shows that methodological and economic-legal factors, among which are the absence of unified standards of financial instruments verification and techniques of ESG-effectiveness evaluation, greenwashing, the deficient supply of financing instruments, normative legal base requiring additional review, and the deficiency of current financial incentive for market participants, have the greatest impact on the market. The solution to the described problems is a high-priority task facing the market members and regulatory authorities.
34
Zhou, Tianying. "Overview on Derivatives Trade in China." European Scientific Journal, ESJ 12, no. 25 (September 30, 2016): 153. http://dx.doi.org/10.19044/esj.2016.v12n25p153.
Full textAbstract:
Since 1980s, derivatives market has become the significant component of international financial market, and its founding and development contributes to the characteristics of modern financial market. Derivatives, which have gone through the stages of massive import, fast growth and gradual maturity, are one of the fruits of financial creations. It has also led to constructive reform of financial system. As for present market, according to BIS, the notional principle of exchange traded derivatives and options sums to 73.46 trillion US dollars. While the notional value of contract of global OTC derivatives is 691 trillion US dollars, the add-up would be 764.46 trillion US dollars. The OTC derivatives take up 90.39% global derivatives market. In the meanwhile, according to ISDA statistics, 94% of global 500 companies trade in OTC derivatives market.
35
Aristei, David, and Manuela Gallo. "Financial Knowledge, Confidence, and Sustainable Financial Behavior." Sustainability 13, no. 19 (September 30, 2021): 10926. http://dx.doi.org/10.3390/su131910926.
Full textAbstract:
This paper analyzes the effect of financial knowledge and confidence in shaping individual investment choices, sustainable debt behavior, and preferences for socially and environmentally responsible financial companies. Exploiting data from the “Italian Literacy and Financial Competence Survey” (IACOFI) carried out by the Bank of Italy in early 2020, we address potential endogeneity concerns in order to investigate the causal effect of objective financial knowledge on individual financial behaviors. To this aim, we perform endogenous probit regressions, using the respondent’s long-term planning attitude, the use of information and communication technology devices, and the financial knowledge of peers as additional instrumental variables. Our main empirical findings show that objective financial knowledge exerts a positive and significant effect on financial market participation and preferences for ethical financial companies. Moreover, we provide strong empirical evidence about the role of confidence biases on individual financial behaviors. In particular, overconfident individuals display a higher probability of making financial investments, experiencing losses due to investment fraud, and being over-indebted. Conversely, underconfident individuals exhibit suboptimal investment choices, but are less likely to engage in risky financial behaviors.
36
Yakovlev, I. A. "Formation of the Green Segment of the National Financial Market: Experience of Countries with a Significant Share of the Commodity Economy." Economics and Management, no. 9 (November 7, 2019): 13–22. http://dx.doi.org/10.35854/1998-1627-2019-9-13-22.
Full textAbstract:
The presented study examines the experience of integration of sustainable development principles into the national strategies of countries with a significant share of the commodity economy.Aim. The study aims to generalize the experience of countries in terms of measures aimed at the formation of conditions for the development of the green segment of the national financial market.Tasks. The authors compare initiatives in the field of sustainable development and green investment implemented by different countries and their approaches to the formation and development of the green segment of the national financial market.Methods. This study uses general scientific methods of cognition to examine the specific features of the approach to the funding of sustainable development and green economic growth implemented by the countries.Results. The authors examine the issues of the integration of sustainable development principles into national strategies and policies through the example of five countries. The following aspects are analyzed: comparison of the key indicators of socio-economic development; actions taken to reorientate the commodity economy; implemented strategies for the formation of the green segment of the economy; the achieved results. The analysis generalizes the countries’ approaches to the reorientation of economic entities toward sustainable activities; describes the selected directions for the formation of funding sources for sustainable activities and national solutions in financial market regulation; systematizes market tools for the funding of green investment and determines the configuration of the green segment of the national financial market in the examined countries.Conclusions. The examined experience of several countries shows that the government plays an important role in the formation of the green segment of the national financial market, and there is a variety of approaches to sustainable development and the model of green economic growth based on it. The countries have different priorities, including social and environmental factors on the national agenda. A wide range of tools are used to reorientate toward sustainable activities, but the key problem for all countries lies in the formation of funding sources for sustainable activities. The countries are essentially reformatting the financial landscape, attempting to transfer the burden of funding of economic development from the government to the market.
37
Adediran, Olanrewaju Adewole, Kolawole Samuel Adeyemo, and Samson Alalade. "Globalization, capital market and economic development in Nigeria." Journal of Governance and Regulation 4, no. 1 (2015): 57–62. http://dx.doi.org/10.22495/jgr_v4_i4_p6.
Full textAbstract:
This article examines the economic integration caused by globalization and effect of capital market in Nigeria context. It establishes the type of relationship and level of significance of globalization and capital market on the economic development. Globalization concept is framed as import plus export divided by growth ratio. The capital market was determined in terms of proxy (by GDP) by price index. The growth ratio assessed the level of development using econometric model. The results suggest that sound economic reform and financial policies are necessary to achieve sustainable development in Nigeria. However, there is need to increase exports, reduce imports and control exchange rate for Nigeria to achieve sustainable economic development.
38
Garškaitė-Milvydienė, Kristina. "THE RISK OF DEVELOPMENT OF LITHUANIAN DERIVATIVES MARKETS." Journal of Business Economics and Management 22, no. 2 (February 3, 2021): 346–68. http://dx.doi.org/10.3846/jbem.2021.13894.
Full textAbstract:
Derivative financial instruments play a very important role in financial markets, but they are seen as rather contradictory and their impact on financial markets and the stability of these markets has not been comprehensively examined. Therefore, the aim of this article is to systematise the potential risks of derivatives in the context of the past global financial crisis, and the recent situation in Lithuania. In particular, growing international tension and deteriorating economic situation, make it necessary to re-analyse the recent crisis, its causes and consequences. The 2007–2008 global financial crisis revealed the challenges and risks of derivatives and showed the tremendous impact that their imprudent use may have on the stability of a financial system. The Lithuanian economy recently joined the euro, but its macroeconomic fundamentals show certain risks. Infrastructures of the derivatives market, liquidity and an adequate supervisory framework are necessary to maintain stability.
39
Xamidov, Ixtiyor. "DEVELOPMENT OF DERIVATIVE TRADE IN THE SECURITIES MARKET OF UZBEKISTAN." INNOVATIONS IN ECONOMY 9, no. 3 (September 30, 2020): 81–86. http://dx.doi.org/10.26739/2181-9491-2020-9-11.
Full textAbstract:
Revealing the role and poistion in financial globalisation and to further improve the economy of derivative trade system in valued paper markets in the country. Based on the world stock exchange information and the valued paper market derivative trade indexes, the paper is devoted to demonstrate the efficacy of derivatives and providing financial system stability by arranging the financial instruments
40
Lagoarde-Segot, Thomas. "Financing the Sustainable Development Goals." Sustainability 12, no. 7 (April 1, 2020): 2775. http://dx.doi.org/10.3390/su12072775.
Full textAbstract:
This paper contends that carving out pathways to finance the sustainable development goal (SDG) agenda entails to reconsider tacit assumptions regarding the functioning of financial systems. We first use a history of economic thought perspective to demonstrate the flaws of the loanable fund theory, which has come to underlie SDG finance strategies. We then introduce the alternative endogenous money theory using a consistent theoretical and accounting framework. This allows us to identify and discuss a set of financing mechanisms that would permit to bridge the SDG budget gap. These mechanisms include the issuing of sovereign green bonds, the modification of the European Central Bank’s collateral framework, changes in capital adequacy ratios, a market of SDG lending certificates and the introduction of rediscounting policies. We back up the discussion with examples from economic history.
41
Yang, Liu, and Youtang Zhang. "Digital Financial Inclusion and Sustainable Growth of Small and Micro Enterprises—Evidence Based on China’s New Third Board Market Listed Companies." Sustainability 12, no. 9 (May 5, 2020): 3733. http://dx.doi.org/10.3390/su12093733.
Full textAbstract:
The United Nations’ 2030 Agenda for Sustainable Development aims to promote inclusive and sustainable economic growth and encourage the formalization and growth of micro, small, and medium enterprises through access to financial services. This study examines the impact and mechanism of the digital financial inclusion on the sustainable growth of small and micro enterprises in China. For this purpose, it uses the data from China’s New Third Board Market listed companies from 2011 to 2018 and the digital financial inclusion index of Peking University. The results show that the development of digital financial inclusion helps promote the sustainable growth of small and micro businesses, particularly in private, high-tech industries, and competitive markets. The impact mechanism of this development prevents any financial crisis caused by the capital structure imbalance and capital liquidity problems of small and micro enterprises by alleviating the financing constraints, thus promoting their sustainable growth. The research results show that, under the background of high-quality development of China’s economy, continuous promotion of digital financial inclusion and reshaping of the ecological pattern of the financial industry can provide steady financial support for the sustainable growth of small and micro enterprises, and realize the healthy development of micro enterprises and macro economy.
42
Chen, Changming, and Shang Chen. "Existing Problems and Countermeasures in Financial Securities Market Regulation." Journal of Finance Research 3, no. 1 (April 29, 2019): 64. http://dx.doi.org/10.26549/jfr.v3i1.1321.
Full textAbstract:
At the present stage, with the continuous development of social economy and science and technology, China’s financial and securities industry has gradually developed. As an important part of China’s socialist economic market, including the financial and securities industry, therefore, to a certain extent, the development of the financial securities industry has promoted the prosperity and development of China’s economy. In other words, strengthening the management of financial securities market regulation can promote the sustainable development of the securities industry, thereby promoting the rapid development of China’s economy. This paper mainly discusses and expounds some problems existing in the current process of financial securities market regulation, and proposes solutions to it, hoping to be helpful to the financial securities industry.
43
Vovchak, O., A. Kravchenko, and T. Andreykiv. "DIGITAL IMPERATIVES FOR THE DEVELOPMENT OF THE FINANCIAL MARKET OF THE NATIONAL AND WORLD VECTOR." Financial and credit activity problems of theory and practice 5, no. 40 (November 8, 2021): 365–77. http://dx.doi.org/10.18371/fcaptp.v5i40.245163.
Full textAbstract:
Аbstract. Trends in the modern financial market are characterized by new challenges of the financial environment and the impact of digital transformation, which form abnormal areas of development. Defining trends, digital models, determinants and technologies of the financial market has become an urgent necessity. The object of the study is the trends in the Ukrainian financial market and global markets of financial derivatives, Forex, ОТС markets group under digital transformation. For this purpose, we have applied the methods of nonlinear dynamics, time series, technical and fundamental analysis, modeling, forecasting, market divergence, fluctuations and behaviorism. The study of the financial market has identified: the dominant trend in digital imperatives and digital technologies of the financial space; the cyclic and behavioristic development of the Ukrainian financial market; the growth in actualization of activities of Ukrainian financial institutions, which is associated with the alternative parabanking services; higher growth rates (3,3 units) of exchange transactions with precious metals, the dependence of the dynamics of currency on the impact of the global digital imperatives; the growth in OTC derivatives trades (the rate of growth of 1.1 units). Determinants of trends financial market are: financial and economic policy, digitalization of society, force majeure. The study of forecast patterns of changes in trends has enabled to determine the economic and mathematical model for calculating the index of forecasting the price of a digital financial asset and income from a transaction with cryptocurrency. A close correlation-regressive relationship (linear R2 = 0.6361, exponential R2 = 0.6948, power R2 = 0.7142) of the cryptocurrency exchange rate from the trading interest is determined (the elasticity coefficient is 2.7 units). Keywords: financial indicators, determinants, financial assets, derivatives, patterns, digital financial technologies, forecasting, Forex, OTC. JEL Classification G12, G13, G17 Formulas: 3; fig.: 7; tabl.: 3; bibl.: 16.
44
Maslennikov, A. "Regulation of Energy Derivatives Market." World Economy and International Relations, no. 2 (2012): 50–56. http://dx.doi.org/10.20542/0131-2227-2012-2-50-56.
Full textAbstract:
In recent decades, the oil futures and so called paper oil market gained rapid development. There are different points of view on the issue, what influence the "paper" oil has on real oil prices: some experts believe that such influence doesn't exist, other specialists consider it to be essential. World financial crisis didn't stop the growth of derivatives exchange trading on the energy market. In the circumstances, the USA and the EU introduced its reform, but this process is going on very slowly. As a result, the restrictions presently existing on energy derivatives markets don't have a serious restraining effect on the volume of speculative trading.
45
Martin, Miguel Ángel, Wolfgang Rojas, José Luis Eráusquin, Dayana Yupanqui, and Édgar Vera. "Derivatives usage by non-financial firms in emerging markets: the peruvian case." Cuadernos de difusión 14, no. 27 (December 30, 2009): 73–86. http://dx.doi.org/10.46631/jefas.2009.v14n27.05.
Full textAbstract:
Financial derivatives markets have reached a remarkable development in recent years, but this pattern has not attained the same strength in developing countries. In consequence, an important question arises: what is the development degree of financial derivatives markets in emerging countries and which variables influence the use of derivatives in the top companies? To analyze this topic, Peru has been chosen as a reference and the Non-Financial Firms as well. In order to enhance objectivity, an empirical study has been conducted through a structured survey directed to chief financial managers of companies classified among the TOP 1000 in the country. This information was collected in order to explain the effect of the determinants that influence the development of financial derivatives in Peru. The results show that the use of derivatives in Peru is low and the relevant factors affecting its development are the degree of training in derivatives and the market regulation. This outcome suggests that there should be patterns of behaviour for market agents and government entities to promote the use of derivatives, as well as provide information for future research that might contribute to establish the most adequate mechanisms for market-development purposes.
46
Majewska, Agnieszka. "Real estate derivatives as financial instrument – possibility prospects of usage in Poland." Investment Management and Financial Innovations 17, no. 3 (September 18, 2020): 148–59. http://dx.doi.org/10.21511/imfi.17(3).2020.12.
Full textAbstract:
The article refers to the theoretical framework of the possibility of using real estate derivatives in the Polish financial market. Although the Polish property market is well developed, and Poland is the leader in the Central and Eastern Europe region, there is a gap in the use of financial instruments concerning the property market. Given the lack of a property derivatives market in Poland, conditions and opportunities for this market development are presented. The experience of the United Kingdom and the United States in this field shows that one of the most important aspects is stable and a well-functioning financial market. Therefore, the macroeconomic data and the data of the Polish financial market are examined.The analysis carried out indicates sufficient conditions and opportunities for the development of real estate derivatives in Poland. The macroeconomic data and data from the capital market have shown the economic environment’s stability and balance. One of the limitations is the existence of a clear and respectable index used as an underlying asset in derivatives on the Polish market. Only WIG real estate index is listed on the Polish Exchange. Although there are sufficient conditions for introducing the real estate derivatives in Poland, the success of all financial innovations depends on the willingness of potential users to use them.
47
Lai, Fujun, Qian Wang, and Qingxiang Feng. "Does Chinese Financial Market Information Promote Listed Manufacturing Firms’ Productivity?" Sustainability 11, no. 2 (January 10, 2019): 329. http://dx.doi.org/10.3390/su11020329.
Full textAbstract:
There have been many research studies that have examined the impact of financial development on economic growth, but few of them have explored this problem from the perspective of financial market information. In this paper, we investigate whether the stock price informativeness affect the listed firms’ sustainable growth by using the Chinese manufacturing listed companies’ data from 2007 to 2017. Specifically, we use the stock price nonsynchronicity and turnover rate to measure stock price informativeness, and the economic growth sustainability is proxied by the listed companies’ total factor productivity, which is the driving force of firms’ sustainable and steady growth. We find that higher stock price informativeness is associated with higher total factor productivity, no matter whether the stock price informativeness is proxied by the stock price nonsynchronicity or turnover rate. This finding is robust when we mitigate for endogeneity issues, and when we use the return on assets (ROA) as an alternative proxy for economic growth. Our results show that the stock price informativeness can significantly improve the total factor productivity of the listed companies, and play an important role in the sustainable development of listed manufacturing enterprises.
48
Nichkasova, Yu O., E. Nezhinsky, and H. A. Shmarlouskaya. "The Impact of the Local Financial Market on Economic Growth: A Case Study of Kazakhstan." Economy of regions 18, no. 1 (2022): 208–22. http://dx.doi.org/10.17059/ekon.reg.2022-1-15.
Full textAbstract:
Kazakhstan’s financial market has always been the focus of the government attention as an important element of country development. Therefore, the main goal is to build a well-developed, competitive and trustworthy financial market that has a dominant influence on the economy and sustainable development. Nevertheless, this statement is true for economies that have reached a certain level of development. For countries with economies in transition, achievement of a significant level of economic growth is a prerequisite for the formation of a stable capital market and banking system, that will subsequently have a significant positive impact on economic growth. This study investigates the relationship between the local financial market and economic growth for Kazakhstan based on measures of economic growth and its components, as well as empirical indicators of banking development and stock market — size, liquidity and volatility — used as control variables that determine Kazakhstan’s economy. Time series regression analysis and Granger causality test was performed for data from 1994 to 2017 in order to design country-specific measures for financial development. The results confirmed the profile of Kazakhstan’s economy by showing that world oil prices and total investment are the most powerful factors influencing economic growth. The direction of causation for Kazakhstan comes from economic growth towards the development of the local financial market, contrary to the postulate that the development of a financial intermediary stimulates economic growth. Therefore, at this stage, the financial sector does not stimulate the economic development of Kazakhstan, but rather the economic growth based on oil production and export is a catalyst for the development of the financial sector. It should be recommended to Kazakhstan’s government to shift the focus from financial market to economic development in order to mobilise sufficient volumes of domestic and international investments to transform the economy and make a transition to sustainable growth.
49
PYL, Yu A. "GLOBAL FINANCIAL MARKET AND DECISION SUPPORT SYSTEMS AS A TOOL FOR THEIR SUSTAINABLE DEVELOPMENT." EKONOMIKA I UPRAVLENIE: PROBLEMY, RESHENIYA 4, no. 12 (2020): 150–64. http://dx.doi.org/10.36871/ek.up.p.r.2020.12.04.020.
Full textAbstract:
The article reveals the concept of the global financial market from the point of view of domestic and foreign authors. The analysis of the largest segments in the structure of the global financial market is carried out and the main stages in its development are determined. The paper identifies trends in the development of the global financial market and examines the impact of economic factors on these trends. The rapid increase in the number of economic entities and the development of the economy as a whole pose an increasing number of complex tasks for decision-makers. Prompt and effective solution of these tasks often becomes a factor that determines the success of the entire business. Decision support systems (DSS) are becoming increasingly relevant, which can facilitate the work of decision makers and improve their effectiveness. The DSS allows its users to get the necessary information directly from sources, analyze the data obtained and identify existing business models for solving specific tasks.
50
Lvova, N. A., O. Yu Korshunov, and Z. Yu Rakhimov. "Implementation of the sustainable finance paradigm in the EAEU financial market development strategy." Economics and Environmental Management, no. 1 (2021): 32–42. http://dx.doi.org/10.17586/2310-1172-2021-14-1-32-42.
Full text