THE ATTRACTION OF BOND FINANCING BY FOOD PRODUCING COMPANIES IN ARCTIC COUNTRIES
The article contains an analysis of the established practices of attracting financing through the issuance of bonds on the example of companies in the agricultural and food sectors of the countries included in the Arctic zone: Denmark, Iceland, Canada, Norway, Russia, Finland, Sweden. The goal is to...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
University of Kragujevac
2023-12-01
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| Series: | Proceedings on Engineering Sciences |
| Subjects: | |
| Online Access: | https://pesjournal.net/journal/v5-n4/14.pdf |
| _version_ | 1797388976954277888 |
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| author | Gulnara F. Romashkina Djamilia Skripnuk Kirill V. Andrianov |
| author_facet | Gulnara F. Romashkina Djamilia Skripnuk Kirill V. Andrianov |
| author_sort | Gulnara F. Romashkina |
| collection | DOAJ |
| description | The article contains an analysis of the established practices of attracting financing through the issuance of bonds on the example of companies in the agricultural and food sectors of the countries included in the Arctic zone: Denmark, Iceland, Canada, Norway, Russia, Finland, Sweden. The goal is to compile profiles of the bond market of individual countries and identify existing patterns. The research sample included 60 companies producing food products, which are also issuing companies in the debt market for the period 2015-2022. Conclusions are drawn, there are common institutional features in almost all the countries considered. Russia is characterized by an atypically large number of bonds placed, high market inertia, and high borrowing costs. On the Canadian market, the bond placement period is on average much shorter with a sufficiently large capital of organizations. In Canada, Denmark and Norway, there is a picture of hyper-concentration of the market with a focus on institutional investors. The situation is approximately similar with a much smaller number of bonds in Sweden, Iceland and Finland. The necessity of increasing the availability of the placed debt for private domestic investors was noted. |
| first_indexed | 2024-03-08T22:49:48Z |
| format | Article |
| id | doaj.art-90f4a5ea128441ae8fd3849920a368ec |
| institution | Directory Open Access Journal |
| issn | 2620-2832 2683-4111 |
| language | English |
| last_indexed | 2024-03-08T22:49:48Z |
| publishDate | 2023-12-01 |
| publisher | University of Kragujevac |
| record_format | Article |
| series | Proceedings on Engineering Sciences |
| spelling | doaj.art-90f4a5ea128441ae8fd3849920a368ec2023-12-16T17:54:27ZengUniversity of KragujevacProceedings on Engineering Sciences2620-28322683-41112023-12-0117472173610.24874/PES05.04.014THE ATTRACTION OF BOND FINANCING BY FOOD PRODUCING COMPANIES IN ARCTIC COUNTRIESGulnara F. Romashkina 0https://orcid.org/0000-0002-7764-5566Djamilia Skripnuk 1Kirill V. Andrianov 2https://orcid.org/0000-0003-4135-0878University of Tyumen, 6 Volodarsky str., Tyumen, 625003, Russia St. Petersburg Polytechnic University, 29 Politechnicheskaya str., Saint Petersburg, 195251, Russia University of Tyumen, 6 Volodarsky str., Tyumen, 625003, RussiaThe article contains an analysis of the established practices of attracting financing through the issuance of bonds on the example of companies in the agricultural and food sectors of the countries included in the Arctic zone: Denmark, Iceland, Canada, Norway, Russia, Finland, Sweden. The goal is to compile profiles of the bond market of individual countries and identify existing patterns. The research sample included 60 companies producing food products, which are also issuing companies in the debt market for the period 2015-2022. Conclusions are drawn, there are common institutional features in almost all the countries considered. Russia is characterized by an atypically large number of bonds placed, high market inertia, and high borrowing costs. On the Canadian market, the bond placement period is on average much shorter with a sufficiently large capital of organizations. In Canada, Denmark and Norway, there is a picture of hyper-concentration of the market with a focus on institutional investors. The situation is approximately similar with a much smaller number of bonds in Sweden, Iceland and Finland. The necessity of increasing the availability of the placed debt for private domestic investors was noted.https://pesjournal.net/journal/v5-n4/14.pdfmarketbondsagricultural businessarcticfinancing |
| spellingShingle | Gulnara F. Romashkina Djamilia Skripnuk Kirill V. Andrianov THE ATTRACTION OF BOND FINANCING BY FOOD PRODUCING COMPANIES IN ARCTIC COUNTRIES Proceedings on Engineering Sciences market bonds agricultural business arctic financing |
| title | THE ATTRACTION OF BOND FINANCING BY FOOD PRODUCING COMPANIES IN ARCTIC COUNTRIES |
| title_full | THE ATTRACTION OF BOND FINANCING BY FOOD PRODUCING COMPANIES IN ARCTIC COUNTRIES |
| title_fullStr | THE ATTRACTION OF BOND FINANCING BY FOOD PRODUCING COMPANIES IN ARCTIC COUNTRIES |
| title_full_unstemmed | THE ATTRACTION OF BOND FINANCING BY FOOD PRODUCING COMPANIES IN ARCTIC COUNTRIES |
| title_short | THE ATTRACTION OF BOND FINANCING BY FOOD PRODUCING COMPANIES IN ARCTIC COUNTRIES |
| title_sort | attraction of bond financing by food producing companies in arctic countries |
| topic | market bonds agricultural business arctic financing |
| url | https://pesjournal.net/journal/v5-n4/14.pdf |
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