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REGIONAL STOCK MARKETS: COMPARATIVE ANALYSIS

Annotation

A stock market is considered as one of the institutions of market economy, which is adopted in Russia in the 1990s. Activity of stock markets is analyzed as an important part of economic and social processes. It is emphasized that development of stock market is accompanied by such interrelated processes as the establishment of new joint-stock companies, organization of the primary and the secondary stock market. The development level of the Tambov regional stock market, the results compared with the indicators for the Kursk region and the Central Federal District are analyzed. The following indicators are considered: the number and characteristics of commercial organizations, the number and dynamics of new open joint-stock companies establishment (creation), the primary and secondary stock market characteristics, the population financial potential and the financial resources need for the regional economy. It is shown that in Kursk and Tambov regions the level of development of stock markets is at a beginning stage. In both regions, the financial services share in the gross regional product are approximately at the same level. The obtained results testify to the need for additional studies of regional stock markets, which will help to work out recommendations for the development of regional stock markets and to improve socio-economic indicators of a region.

Keywords

stock market; stocks; bonds; population; investments

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UDC

316.334.2+330.322

Pages

23-30

References

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Received

2017-04-25

Section of issue

Modern russian society

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