Current Trends of Global Market IPO and Their Impact on the Institutional Structure of Kazakhstan's Stock Market

• Autorzy: Yuliya Nichkasova
• Języki publikacji: EN

Abstrakty

EN

Purpose - The globalization of the world economy is leading to a change in the landscape of the world's fund infrastructure, the priority of financial capital over the economy, the stimulation of competition and integration processes in the capital markets. The last decade has demonstrated the intensive development of new financial centres in emerging markets, which motivate the movement of financial resources to points of innovative growth and provide an increasingly wide choice for issuers and investors. The purpose of this study was to analyse the qualitative characteristics of the initial public offer of shares and the role of this financial instrument for the state's decision to diversify the system of financing sustainable development of the economy. Methods - The methodology of the author's research is based on methods of economic analysis (economic monitoring), statistical research (statistical observation method and grouping method), abstraction method. Approach - The basis of the study is a systematic approach, a dialectical method of cognition, logical analysis and synthesis. Materials for the study were empirical, statistical data of the auditing companies Ernst & Yang and PricewaterhouseCoopers, materials of monographs and articles. Findings - The research resulted in the identification and description of current trends in the international practice of attracting long-term capital, an understanding of which is the opportunity to use this experience for the targeted development of a national stock market. For the Republic of Kazakhstan, located in the centre of the Asia-Pacific region, this is a unique opportunity to ensure the dynamic development of the country's stock market, having entered it into the global financial architecture. (original abstract)

Słowa kluczowe

EN

Initial Public Offering (IPO); Stock exchange; Competition; Financial centers of the world; Stock market

PL

Pierwsza oferta publiczna; Giełda; Konkurencja; Centra finansowe świata; Giełda papierów wartościowych

• Czasopismo: Optimum : studia ekonomiczne
• Rocznik: 2018
• Numer: nr 2(92)
• Strony: 74--89

Twórcy

autor

Yuliya Nichkasova

• L.N. Gumilev Eurasian National University, Kazakhstan

Bibliografia

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• 2012 Global IPO, update January - November 2012, electronic document, access mode: [http://www.ey.com, date od entry: 19.01.2018].
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Identyfikatory

DOI

10.15290/oes.2018.02.92.07