Title: Interrelation of the dynamics of stock indexes and economic activity in trading and service industries
Abstract: The article reveals peculiarities of the Russian stock market operation. A stock index value for real economy companies is determined. Trends of volume indices of the activity of trade organizations and service industries of Primorsky Krai are reviewed and their dependence on the dynamics of stock indices is substantiated, which may be of interest for market participants of the Asian and Pacific Region who are interested in business cooperation with Primorsky Krai. A correlation analysis based on the random selection of US dollar rate, MICEX and RTS stock indices and wholesale and retail trading volumes for 2009-2012 is performed. Results of correlation ratio calculations and time dependence of the activities under research are set out. The necessity to use analytical results of stock markets and forecasting indices of economic activity as information for the management decision making in the sphere of circulation is argued. Relevance of addressing the theme of microeconomic fluctuations while training experts within the bounds of academic disciplines in Economics of enterprises and organizations is pointed out. Stock indices in the business world are Russian stock market has a number of features. Russia's conventionally attributed to the indicators of performance stock market is a developing market. Despite the strong and dynamics of the stock market. Through the increase in turnover on the Russian stock exchanges, the comparison of the current value of the index with its total annual volumes of securities transactions remain previous values the behavior of the participants of very low compared to the developed country markets. exchange trade, their response to certain changes in the Practically inefficient legislation regulating insider activity macroeconomic situation, various corporate events and significantly increases the risk of transactions. It is worth speculative processes are evaluated. Comparison of the mentioning high political, social and economic risks dynamics of indices of various sectors of economy affecting the Russian stock market. This is primarily due reflects the rate of change in the value of shares of the to the fact that the bulk of the gross domestic product is companies of the mentioned sectors, which is a testament based on the oil and gas sector. The market capitalization to their business activity and the pace of development. is largely due to oil money that come into the state budget An evidence of this is the study of foreign scholars in this and become the source of the growth of speculative area (1, 2 and 3). Historically, the main purpose of the intermediary operations and due to unprofitability of stock market is financing of the real sector of economy. financial investment of the long money in the reovation The securities market allows businesses to: mobilize the of fixed assets, the development of the processing resources that are cheaper than in the credit market, industry and production, the generation and promotion of accumulate savings of private investors to generate large innovation (4). However, Russia has integrated into the financial flows, choose methods of economic policy at the global financial market, enabling the issue of new enterprise (with the change of ownership structure securities both aimed at the Western market of state and ownership structure through bond issues). However, the
Publication Year: 2013
Publication Date: 2013-01-01
Language: en
Type: article
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