THEORETICAL-METHODOLOGICAL IMPORTANCE OF INTERNATIONAL LISTING OF STOCKS FOR INVESTORS AND EMITENTS
Journal Title: Вісник Київського національного університету імені Тараса Шевченка. Економіка. - Year 2018, Vol 2, Issue 197
Abstract
In the conditions of globalization of the economic environment, the integration processes of the international capital markets are intensifying, which envisages the possibility of placing securities in foreign markets. This gives some benefits to national investors and issuers. These benefits include: scaling up the attraction of investors' financial resources; strengthening of the business reputation and issuer's credit rating; Successful placement of shares in the international market contributes to the increase of profits. International listing of shares increases the prestige and image of the issuer. The main motivation of most companies entering the foreign capital markets is only financial - they plan to increase their capital in the markets of highly developed countries and increase the liquidity of their shares. International listing provides new markets for more active securities that do not require detailed reporting and have significant liquidity. In some cases, the introduction of international listing increases the value of the company's shares. As a rule, this happens more often in the US, when the market value of shares is higher than that existing on the issuer's market. Moreover, the fact of an increase in the number of investors who buys company shares increases the liquidity of shares, narrowing the spread. That is, the main motive for stock quotes abroad is to increase the value of its capital and liquidity of shares, which will eventually give an opportunity to attract additional capital. All this contributes to the growth of the number of national companies that market their shares on foreign stock exchanges. Investigated double listingof shares of companies; discloses the conditions under which the international listing of shares of companies becomes one of the most appropriate ways of financing business; the influence of international listing of companies' shares on the liquidity of shares in the domestic market, increase of trading volume of shares of the company was revealed; invited Ukrainian joint-stock companies to use the international listing to increase their capitalization.
Authors and Affiliations
Irina Mazur, Roman Sazonov
Keywords
Related Articles
- EP ID EP395241
- DOI 10.17721/1728-2667.2018/196-2/5
- Views 61
- Downloads 0
THE ROLE OF INTERNATIONAL INNOVATION CLUSTERS ON INCREASING ECONOMIC AGENTS SUSTAINABILITY
The influence of enterprises integration into international innovation clusters on the increasing of enterprises, countries and regions economic sustainability under the global instability are explored. Potential sources...
Business Associations іn Ukraine: the Essence, Problems and Stages of Development
This article is devoted to the study of the nature, functions and operations of business associations in Ukraine. Classification criteria of business associations are distinguished: 1) the direction and scope of activiti...
SOCIO-ECONOMIC NATURE OF SHADOW ECONOMY AND CAUSES OF ITS DEVELOPMENT IN ENTREPRENEURSHIP
The socio-economic nature of the shadow economy is revealed. The shadow economy has both positive and negative signs for the society; the possibility for the population to survive in conditions of economic crisis, reduci...
THE FEATURES OF THE PROCEDURE FOR MAKING THE DECISION ON THE IMPLEMENTATION OF PROJECTS THE PUBLIC-PRIVATE PARTNERSHIP
The article is devoted to the study of the procedure for making a decision on the implementation of public-private partnership, which has developed in Ukraine. All stages of preparation and implementation of state and bu...
KEY APPROACHES TO THE DOCTRINE OF LONG-TERM DEVELOPMENT OF UKRAINE
The approaches to the doctrine of long-term development of Ukraine, considering realities of functioning national economy, are substantiated. It is proposed diversification of Ukraine’s economy to realize by two directio...