Place of Financial Intermediation in the Pricing Process at Securities Market
Journal Title: Бізнес Інформ - Year 2016, Vol 2, Issue
Abstract
The article is aimed at defining the role of financial intermediation in the pricing processes at securities market. Based on results of the study of modern theories of financial intermediary, functional logistics approach to studying the role of financial intermediation has been selected, which focuses on the process of the treatment of financial instruments in the securities market. Role of both banking and non-banking financial intermediaries has been analyzed in the operations' dynamics in the securities market. It has been substantiated that excessive bank-centricity of financial market of Ukraine distorts information flows and can be an additional source of risk, certain level of which puts pressure on the prices of financial instruments and distorts their dynamics. It is found that role of financial intermediation in pricing at securities market is to optimize information, infrastructural and commercial functions, coordination of which ensures an optimal risk-return ratio that prevents pressure on the prices of financial instruments and their distortion.
Authors and Affiliations
Natalia Matselukh
Keywords
Related Articles
- EP ID EP164468
- DOI -
- Views 123
- Downloads 0
Optimal Pricing of the Credit and Deposit Products of Commercial Bank
The article considers the process of determining the optimal credit and deposit rates of commercial bank that maximizes the capital of bank at the end of the period of management. To accomplish this task, a bank model wa...
Forecasting of Trends in the Global Stock Markets and their Effect on the Development of the Real Sector of Economy of Ukraine
The article is aimed at studying of possibilities of forecasting trends in the global stock markets and their effect on the development of the real sector of the economy of Ukraine. Forecasting of trends in the stock mar...
Monitoring of Economic Security of Recreation Companies
The goal of the article is to study indicators of economic security of recreation companies and identification of priority directions of its achievement. The article analyses threats and risks in conducting activity of r...
Economic Substantiation of Strategic Management of Company Competitiveness
The article offers a variant of stage-by-stage formation and realisation of competitive strategy, which suits features of element division, envisages application of specific procedures and methodical substantiation and e...
Justification of a Set of Tasks of Diagnosis of the System of Sales in Planning Company's Reconstruction. Target Approach
The article uses tasks of diagnosis of the system of sales as a tool of analytical provision of decision making when developing strategy and plan of restructuring of a company when developing strategy and plan of restruc...