Influence of world stock markets on the development of the stock market in Ukraine

Viewing the development of the stock market in Ukraine, the economy, which world financial organizations characterize as small and open, is largely determined by the trends formed by the global stock markets and leading stock exchanges. Therefore, the study aims to analyze Ukraine’s stock market, th...

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Autores principales:	Inna Shkolnyk, Serhiy Frolov, Volodymyr Orlov, Viktoriia Dziuba, Yevgen Balatskyi
Formato:	article
Lenguaje:	EN
Publicado:	LLC "CPC "Business Perspectives" 2021
Materias:	corporate bonds financial forecast listing market capitalization securities spillover Finance HG1-9999
Acceso en línea:	https://doaj.org/article/1adba0bb82c042909d417a5dadfd40d4
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spelling	oai:doaj.org-article:1adba0bb82c042909d417a5dadfd40d42021-11-24T11:19:51ZInfluence of world stock markets on the development of the stock market in Ukraine10.21511/imfi.18(4).2021.201810-49671812-9358https://doaj.org/article/1adba0bb82c042909d417a5dadfd40d42021-11-01T00:00:00Zhttps://www.businessperspectives.org/images/pdf/applications/publishing/templates/article/assets/15850/IMFI_2021_04_Shkolnyk.pdfhttps://doaj.org/toc/1810-4967https://doaj.org/toc/1812-9358Viewing the development of the stock market in Ukraine, the economy, which world financial organizations characterize as small and open, is largely determined by the trends formed by the global stock markets and leading stock exchanges. Therefore, the study aims to analyze Ukraine’s stock market, the world stock market, stock markets in the regions, and to assess their mutual influence. The study uses the data of the World Federation of Exchanges and National Securities and Stock Market Commission (Ukraine) from 2015 to 2020. Stock market performance forecasts are built using triple exponential smoothing. Based on pairwise correlation coefficients, the existence of a significant dependence in the development of the world stock market on the development of the American stock market was determined. Regarding the Ukrainian stock exchanges, only SE “PFTS” demonstrated its dependence on the US stock market. The results of the regression model based on an exponentially smoothed series of trading volumes in all markets showed that variations in the volume of trading on the world stock market are due to the situation on the US stock markets. Trading volume dynamics on Ukrainian stock exchanges such as SE “PFTS” and SE “Perspektiva” is almost 50% determined by the development of stock markets in the American region. Although Ukraine is geographically located in Europe, the results show a lack of significant links and the impacts of stock markets in this region on the major Ukrainian stock exchanges and the stock market as a whole.Inna ShkolnykSerhiy FrolovVolodymyr OrlovViktoriia DziubaYevgen BalatskyiLLC "CPC "Business Perspectives"articlecorporate bondsfinancial forecastlistingmarket capitalizationsecuritiesspilloverFinanceHG1-9999ENInvestment Management & Financial Innovations , Vol 18, Iss 4, Pp 223-240 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	corporate bonds financial forecast listing market capitalization securities spillover Finance HG1-9999
spellingShingle	corporate bonds financial forecast listing market capitalization securities spillover Finance HG1-9999 Inna Shkolnyk Serhiy Frolov Volodymyr Orlov Viktoriia Dziuba Yevgen Balatskyi Influence of world stock markets on the development of the stock market in Ukraine
description	Viewing the development of the stock market in Ukraine, the economy, which world financial organizations characterize as small and open, is largely determined by the trends formed by the global stock markets and leading stock exchanges. Therefore, the study aims to analyze Ukraine’s stock market, the world stock market, stock markets in the regions, and to assess their mutual influence. The study uses the data of the World Federation of Exchanges and National Securities and Stock Market Commission (Ukraine) from 2015 to 2020. Stock market performance forecasts are built using triple exponential smoothing. Based on pairwise correlation coefficients, the existence of a significant dependence in the development of the world stock market on the development of the American stock market was determined. Regarding the Ukrainian stock exchanges, only SE “PFTS” demonstrated its dependence on the US stock market. The results of the regression model based on an exponentially smoothed series of trading volumes in all markets showed that variations in the volume of trading on the world stock market are due to the situation on the US stock markets. Trading volume dynamics on Ukrainian stock exchanges such as SE “PFTS” and SE “Perspektiva” is almost 50% determined by the development of stock markets in the American region. Although Ukraine is geographically located in Europe, the results show a lack of significant links and the impacts of stock markets in this region on the major Ukrainian stock exchanges and the stock market as a whole.
format	article
author	Inna Shkolnyk Serhiy Frolov Volodymyr Orlov Viktoriia Dziuba Yevgen Balatskyi
author_facet	Inna Shkolnyk Serhiy Frolov Volodymyr Orlov Viktoriia Dziuba Yevgen Balatskyi
author_sort	Inna Shkolnyk
title	Influence of world stock markets on the development of the stock market in Ukraine
title_short	Influence of world stock markets on the development of the stock market in Ukraine
title_full	Influence of world stock markets on the development of the stock market in Ukraine
title_fullStr	Influence of world stock markets on the development of the stock market in Ukraine
title_full_unstemmed	Influence of world stock markets on the development of the stock market in Ukraine
title_sort	influence of world stock markets on the development of the stock market in ukraine
publisher	LLC "CPC "Business Perspectives"
publishDate	2021
url	https://doaj.org/article/1adba0bb82c042909d417a5dadfd40d4
work_keys_str_mv	AT innashkolnyk influenceofworldstockmarketsonthedevelopmentofthestockmarketinukraine AT serhiyfrolov influenceofworldstockmarketsonthedevelopmentofthestockmarketinukraine AT volodymyrorlov influenceofworldstockmarketsonthedevelopmentofthestockmarketinukraine AT viktoriiadziuba influenceofworldstockmarketsonthedevelopmentofthestockmarketinukraine AT yevgenbalatskyi influenceofworldstockmarketsonthedevelopmentofthestockmarketinukraine
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Influence of world stock markets on the development of the stock market in Ukraine

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