The Reasoning of a Responsible Investment Position in the Structure of the Stock Exchange Market Cover Image

Обґрунтування місця сегменту відповідального інвестування в архітектурі фондового ринку
The Reasoning of a Responsible Investment Position in the Structure of the Stock Exchange Market

Author(s): Anna Vorontsova, Alex Plastun, Hanna Filatova, Elena Kostenko, Eldar Dzhobava
Subject(s): Business Economy / Management, Economic development, Financial Markets, Business Ethics
Published by: Дніпропетровський національний університет імені Олеся Гончара
Keywords: socially responsible investing; stock market; ESGcriteria; investment strategy; sustainable development; sustainable development goals;

Summary/Abstract: Purpose: To substantiate the place and role of the responsible investment in the structure of the stock exchange market. Methods: Structure-functional in order to form an idea of the structure of the stock exchange market, determining the place and role of responsible investment elements in the stock market organization; systematic analysis to identify current trends and patterns in the functioning of the socially responsible investment segment by geographical regions of the world; statistical and graphical methods for quantitative and visual presentation of the results of the stock market sectors analysis, represented by responsible investment elements. Findings: The definition of «responsible investment» and «stock market» has been clarified; a number of subjects, objects and forms of responsible investment, which are elements of the stock market, are singled out and substantiated; the generalization of activities of stock exchanges in the field of responsible investing is carried out; the dynamics of stock market sector indicators, which are represented by elements of responsible investment, are analyzed; key reporting standards used by stock exchanges in disclosing ESG issues are analyzed. Theoretical Implications: A comprehensive assessment of the functioning of socially responsible investment segment as part of the stock market is carried out, the place and role of responsible investing in the stock market structure are substantiated, which creates a basis for the development of effective measures to increase the stock market efficiency of Ukraine and its transformation into an effective and stable source of investment resources. Future Research: The results can be used in the context of further study of the stock market transformation in Ukraine on the basis of a socially responsible trajectory and fractal analysis. Paper Type: Theoretical.

  • Issue Year: 29/2021
  • Issue No: 4
  • Page Range: 232-240
  • Page Count: 9
  • Language: Ukrainian