EVALUATION OF THE FUNCTIONING OF THE SECURITIES MARKET OF UKRAINE UNDER THE CONDITIONS OF GLOBALIZATION

  • Borys Samorodov
  • Maksym Zhytar
Keywords: securities market, globalization, asset management companies, investment funds

Abstract

The state of development of the securities market accompanies the effectiveness and efficiency of the overall system. Institutions of infrastructure of the securities market, concentrating money and investing it in financial instruments of the market in the future, form effective mechanisms for its functioning and development. Investment activity is the initial one in the securities market, and its main participants are collective investment funds, namely: mutual and corporate investment funds, mutual funds of investment companies, private pension funds, banking management funds, insurance companies, and other financial institutions. An assessment of the functioning of the securities market of Ukraine in the context of globalization. A methodology for calculating the index of confidence of the population of Ukraine in financial services for asset management based on the integral index is proposed. Applying the calculation method developed and proposed by the team of the Strategic Analysis Department of the FBK audit and consulting company, the article calculated the share of each of the øn indicators using the expert assessment method. It is concluded that during the seven years under study, as a result of the existing macroeconomic instability and massive devaluations of the domestic currency in the country, the level of public confidence in asset management companies remains significantly low. The quality of financial services offered by asset management companies and a high level of public confidence is the basis for the effective development of the domestic securities market. It is proved that on the domestic securities market today there is no place for the value of reputation and a big crisis of confidence.

Published
2020-04-09