Competitiveness in the Ukrainian stock market and local crisis of 2013–2015
This paper investigates competitiveness in the Ukrainian stock market during local crisis of 2013–2015. The following hypothesis is tested: crisis decreases competitiveness in the stock market. The analysis is carried out for the most liquid stocks in the Ukrainian Exchange (UX) over the period from...
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| Format: | Article |
| Language: | English |
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LLC "CPC "Business Perspectives"
2018-04-01
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| Series: | Investment Management & Financial Innovations |
| Subjects: | |
| Online Access: | https://businessperspectives.org/images/pdf/applications/publishing/templates/article/assets/10250/IMFI_2018_02_Plastun.pdf |
| _version_ | 1818066848981188608 |
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| author | Alex Plastun Inna Makarenko Ievgen Balatskyi |
| author_facet | Alex Plastun Inna Makarenko Ievgen Balatskyi |
| author_sort | Alex Plastun |
| collection | DOAJ |
| description | This paper investigates competitiveness in the Ukrainian stock market during local crisis of 2013–2015. The following hypothesis is tested: crisis decreases competitiveness in the stock market. The analysis is carried out for the most liquid stocks in the Ukrainian Exchange (UX) over the period from 2010 to 2017 using both traditional measurements of market concentration (Hirschman Index, Lerner Index, Comprehensive Concentration Index, Entropy Index, Gini coefficient, etc.) and some alternative methods like regression analysis with dummy variables and Kruskal-Wallis test. The results suggest that the current degradation of the Ukrainian stock market is closely related with significant changes in the market concentration which are caused by the local crisis. |
| first_indexed | 2024-12-10T15:14:19Z |
| format | Article |
| id | doaj.art-80a0a341851a4138a364b61eacdb3ff6 |
| institution | Directory Open Access Journal |
| issn | 1810-4967 1812-9358 |
| language | English |
| last_indexed | 2024-12-10T15:14:19Z |
| publishDate | 2018-04-01 |
| publisher | LLC "CPC "Business Perspectives" |
| record_format | Article |
| series | Investment Management & Financial Innovations |
| spelling | doaj.art-80a0a341851a4138a364b61eacdb3ff62022-12-22T01:43:50ZengLLC "CPC "Business Perspectives"Investment Management & Financial Innovations1810-49671812-93582018-04-01152293910.21511/imfi.15(2).2018.0310250Competitiveness in the Ukrainian stock market and local crisis of 2013–2015Alex Plastun0Inna Makarenko1Ievgen Balatskyi2Doctor of Economics, Professor, Department of Foreign Economic Relations, Sumy State UniversityDoctor of Economics, Associate Professor, Associate Professor at Accounting and Tax Department, Sumy State UniversityPh.D., Associate Professor, Sumy State UniversityThis paper investigates competitiveness in the Ukrainian stock market during local crisis of 2013–2015. The following hypothesis is tested: crisis decreases competitiveness in the stock market. The analysis is carried out for the most liquid stocks in the Ukrainian Exchange (UX) over the period from 2010 to 2017 using both traditional measurements of market concentration (Hirschman Index, Lerner Index, Comprehensive Concentration Index, Entropy Index, Gini coefficient, etc.) and some alternative methods like regression analysis with dummy variables and Kruskal-Wallis test. The results suggest that the current degradation of the Ukrainian stock market is closely related with significant changes in the market concentration which are caused by the local crisis.https://businessperspectives.org/images/pdf/applications/publishing/templates/article/assets/10250/IMFI_2018_02_Plastun.pdfco mpetitivenessconcentrationUkrainian stock market |
| spellingShingle | Alex Plastun Inna Makarenko Ievgen Balatskyi Competitiveness in the Ukrainian stock market and local crisis of 2013–2015 Investment Management & Financial Innovations co mpetitiveness concentration Ukrainian stock market |
| title | Competitiveness in the Ukrainian stock market and local crisis of 2013–2015 |
| title_full | Competitiveness in the Ukrainian stock market and local crisis of 2013–2015 |
| title_fullStr | Competitiveness in the Ukrainian stock market and local crisis of 2013–2015 |
| title_full_unstemmed | Competitiveness in the Ukrainian stock market and local crisis of 2013–2015 |
| title_short | Competitiveness in the Ukrainian stock market and local crisis of 2013–2015 |
| title_sort | competitiveness in the ukrainian stock market and local crisis of 2013 2015 |
| topic | co mpetitiveness concentration Ukrainian stock market |
| url | https://businessperspectives.org/images/pdf/applications/publishing/templates/article/assets/10250/IMFI_2018_02_Plastun.pdf |
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