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Типичные IR-проблемы на рынке акций и облигаций
Гл. 14. С. 170-188.
Matovnikov M. Y.
In book
М. : Альпина Паблишерз, 2010
Lapshin V. A., Wang Jiang, World Applied Sciences Journal 2013 Vol. 24 No. 3 P. 358-363
Prior to Asian economic crisis in 1997, bond markets in lots of Asian countries were small and relatively undeveloped. The Asian financial crisis demonstrated the need for a broader range of funding sources, which led the governments of Asian countries to embark on a major program to develop a local bond market. China avoided this ...
Added: October 9, 2013
Gushcha N., Горизонты экономики 2017 № 1(34) С. 97-103
Financial development in general, increases the country's resilience and contributes to economic growth, at the same time there is a trade-off between growth and financial stability. The article examines how the too rapid development of financial systems creates structural imbalances that increase the risk of financial stability. Regression analysis demonstrates that the "collapse" of the ...
Added: February 13, 2017
Repin D. V., Корпоративные финансы 2009 № 1(9) С. 41-69
Both, business and academic communities agree that corporate news do affect the company market value. Empirical data shows that once released in the open, corporate news often lead to a rather predictable investor reaction. This investor reaction depends on a great number o factors: whether the news is good or bad, what type of corporate ...
Added: February 10, 2010
Ван Ц., Управление экономическими системами: электронный научный журнал 2013 № 2(50)
The article deals with the research of construction of the term structure of interest rates on the China’s bond market. The article provides an overview of the exist research from 1997 to 2010. Based on the data from China Central Depository & Clearing (CCDC), article gives the computer simulation result of the Hermite interpolation ...
Added: April 24, 2013
Makarova V. A., В кн. : IPO - путь к биржевому рынку. Практическое руководство по размещению ценных бумаг. : Самара : Питер, 2008. Гл. 5. С. 109-139.
Рассмотрим проблемы законодательства, возникающие у эмитентов в связи с проведением IPO и pre IPO на разных сегментах рынка ценных бумаг: 1) рынке акций; 2) рынке корпоративных облигаций. Несмотря на относительную самостоятельность этих сегментов, имеются общие трудности, связанные с применением нормативных актов, в обеспечении успешности IPO. Они связаны, в первую очередь, с исполнением порядка реализации инвесторами ...
Added: April 13, 2013
Ван Ц., Управление экономическими системами: электронный научный журнал 2012 Т. (44) УЭкС, 8/2012 № 0421200034/ номер статьи
The article deals with the research of construction of the term structure of interest rates on the China’s bond market. The article provides an overview of the China’s bond market and its mechanism. Based on the data from China Central Depository & Clearing (CCDC), article gives the result of the computer simulation. ...
Added: November 30, 2012
Mogilevich E., Shvedov A. S., Экономический журнал Высшей школы экономики 2017 Т. 21 № 3 С. 434-450
В данной работе проведены оценка параметров и исследование применимости моделей Такаги – Сугено для описания динамики фондовых индикаторов на примере основных индексов Московской биржи: ММВБ, РТС и отраслевого индекса нефти и газа. Дается обзор литературы по применению моделей Такаги – Сугено для прогнозирования некоторых зарубежных фондовых индексов и цен акций. Модели Такаги – Сугено представляют ...
Added: January 16, 2018
Lapshin V. A., Ван Ц., Финансы 2013 № 6 С. 77-80
Статья посвящена общему обзору китайского рынка облигаций. В ней приводится обзор западных исследований, даётся краткий очерк истории развития китайского рынка облигаций, а также проводится описание структуры, инфраструктуры, регулирования, участников, торгуемые инструменты сегодняшнего рынка облигаций. ...
Added: August 28, 2013
Сравнительный анализ моделей оценки срочной структуры процентных ставок на китайском рынке облигаций
Lapshin V. A., Ван Ц., / Высшая школа экономики. Серия WP16 "Финансовая инженерия, риск-менеджмент и актуарная наука". 2013. № WP16/2013/02.
Статья посвящена сравнительному анализу моделей построения срочной структуры процентных ставок на китайском рынке облигаций. В статье приводится обзор нескольких моделей построения кривой доходности и сравнение их качества на реальных данных от центрального государственного депозитария облигаций Китая (CCDC). ...
Added: October 3, 2013
Mamonov M. E., Прикладная эконометрика 2015 Т. 39 № 3 С. 18-44
This paper proposes a modification of an industry-wide banking competition indicator, namely the Boone indicator, which does not require information about the interest rates on loans, as opposed to the more popular Lerner index. In previous research, the Boone indicator was estimated as homogeneous effect of the banks marginal costs on their market shares or ...
Added: October 12, 2015
Makushkin M., Lapshin V. A., Экономический журнал Высшей школы экономики 2021 Т. 25 № 2 С. 177-195
There are many different models for estimation of a yield curve from bond market quotes. These models are well suited for developed markets with high liquidity level and market data readily available. However, this is not always the case for developing markets that are characterized by infrequent trading, heterogeneous liquidity and frequent missing data.
In this ...
Added: June 23, 2021
Сhkalova O. V., Менеджмент и бизнес-администрирование 2013 № 3 С. 30-38
The article investigates the development of trade networks on basis of growth strategies. The theoretical and practical aspects of their application are viewed. The regularities of the leaders of the Russian market are revealed, on the basis of the strategy of development of new geographical markets. ...
Added: November 24, 2013
Teplova T., Galenskaya K., Teplov A., Прикладная эконометрика 2018 № 4(52) С. 22-45
This paper presents the testing results for hypotheses which try to explain, how do Russian companies choose such financing sources, as public debt (bonds). Bivariate probit models have been applied on a sample of 1107 companies in the interval from 2015 to 2017. The main aim of this paper is to identify the presence of ...
Added: November 30, 2018
Teplova T., Управление корпоративными финансами 2010 № 2 С. 88-104
В статье представлен обзор теорий, объясняющих феномен экс-дивидендной даты, и работ, посвященных тестированию этой рыночной аномалии на развитых и развивающихся рынках капитала. Понимание логики, в соответствии с которой изменяются цены акций в районе экс-дивидендной даты, позволяет инвесторам выстраивать краткосрочные стратегии получения избыточной доходности, так называемые стратегии «захвата дивиденда».
Содержание статьи.
• Аномалия в поведении цены акции в ...
Added: October 17, 2012
Teplova T., Sokolova T., М. : ИНФРА-М, 2018
В настоящее время среди развивающихся стран усиливается конкуренция за привлечение долгового и акционерного капитала на мировом и региональных рынках. Амбициозные задачи по созданию региональных, а в перспективе и мировых финансовых центров ставят Польша, Турция, Казахстан. Высокими темпами развиваются облигационные рынки стран Юго-Восточной Азии. В условиях действия антироссийских санкций в 2014–2018 гг. российский рынок корпоративных облигаций ...
Added: December 14, 2018
Воробьев П. Ф., В кн. : Методологические проблемы многоуровневой теории конкуренции. : СПб. : Левша-Санкт-Петербург, 2016. Гл. 10. С. 79-91.
We study SG.Svetunkovym first proposed a new approach to measuring the situation in competitive markets. It is shown that it can have a variety of options and continue development. Attention is drawn to the fact that it should be considered a dynamic approach positions. For example, conventional and evidence of real economic practice revealed some ...
Added: February 17, 2017
Volkova O. N., Корпоративные финансы 2017 Т. 11 № 2 С. 81-95
The article discusses the evolution and the state of the art of IR (Investor Relations) in Western and Russian companies. IR is considered as a particular area of corporate communicational practice and a field of academic research. Author reviews the history and stages of IR as corporate activity, IR functions and models of company’s interaction ...
Added: July 31, 2017
Ivashkovskaya I., Mikhaylova A., Journal of Corporate Finance Research 2020 Vol. 14 No. 2 P. 7-21
Global shifts in perspectives on environmental concerns and the growing significance of large-scale sustainability programs have brought the issue of green financing to the fore of financial research. In terms of volume, this area has demonstrated high growth rates in various types of capital markets.
Unfortunately, few studies exist which explore the yields on green bonds ...
Added: September 22, 2020
Vukovic D., Moinak M., Research in International Business and Finance 2019 Vol. 50 P. 369-380
Despite the wide range of alternatives that have been proposed by
academics and practitioners, the Sharpe ratio remains one of the most popular metrics used to
evaluate investment performance. In the proposed research, risks and returns are analysed on
the European Monetary Union bonds market, with different bonds ratings and maturities,
during the period from 2005 to 2017. The ...
Added: February 8, 2019
Bossman A., Gubareva M., Teplova T., Eurasian Economic Review 2023 Vol. 13 P. 321-372
The purpose of this study is to investigate the asymmetric effects of economic policy uncertainty (EPU), geopolitical risk (GPR), and market sentiment (VIX) on European Union (EU) stocks by sectors of economic activity. The design and methodological approach of our research are rooted in parametric and nonparametric quantile-based techniques. We employ monthly data covering eleven sectors of economic activity ...
Added: January 8, 2024
Ван Ц., / Высшая школа экономики. Серия WP16 "Финансовая инженерия, риск-менеджмент и актуарная наука". 2012. № 03.
The paper is devoted to the issue of construction of the term structure of interest rates for China’s bond market. It provides an overview of the related studies for the period from 1997 to 2010. The paper also gives a brief description and history of the approach applied by China Central Depositary & Clearing (CCDC) ...
Added: December 16, 2012
Sizykh N., Natalia Dendeberova, Sizykh D., , in : 16th International Conference Management of large-scale system development (MLSD). : IEEE, 2023. P. 1-5.
An analysis of the performance indicators of index investment portfolios of the Russian Federation, the USA, Germany and China stock markets for 2012-2022 was carried out. The most effective methods for optimizing index portfolios have been identified. An analysis and comparison of factors influencing the efficiency of index portfolios of various stock markets was carried ...
Added: December 22, 2023
Afonina S. G., Ван Ц., Lapshin V. A., / Высшая школа экономики. Серия WP16 "Финансовая инженерия, риск-менеджмент и актуарная наука". 2013. № WP16/2013/01.
The paper presents an outline of the Chinese bond market. It gives an overview of the Chinese bond market history and western research on this topic. The paper also gives a description on the market structure, infrastructure, regulation, participants and trading instruments of the today’s Chinese bond market. ...
Added: April 17, 2013
Бричикова А. П., Mogilevich E., Shvedov A. S., Экономический журнал Высшей школы экономики 2019 Т. 23 № 3 С. 444-464
Models for time series are very important for the stock market. Fuzzy Takagi – Sugeno models (functional fuzzy systems) are a promising and already common approach, in which different regression dependencies are used for different areas of variation of certain parameters, and soft switching is performed using the fuzzy logic rules. This is the advantage ...
Added: February 18, 2020