IDEAS home Printed from https://ideas.repec.org/a/fru/finjrn/180208p94-105.html
   My bibliography  Save this article

Professional Intermediaries in the Russian Stock Market: Conditions and Trends of Development

Author

Listed:
  • Elena V. Krasova

    (Vladivostok State University of Economics and Service, Vladivostok 690041, Russia)

Abstract

The article is devoted to the actual issues in development of professional intermediaries in the Russian stock market. The author considers the conditions under which professional intermediaries operate and the trends of their development in recent years. The research methodology is based on the modern theory of securities market and the concept of effective development of stock markets. The article substantiates the role and the place of professional stock market intermediaries in the modern financial system of Russia, shows the dynamics and structure of the number of intermediary companies. It also studies the macroeconomic risks of their development, presents the rating of the leading intermediaries by the volume of transactions in the Russian stock market and analyzes the level of concentration as the most important characteristic of the professional intermediaries’ market.

Suggested Citation

  • Elena V. Krasova, 2018. "Professional Intermediaries in the Russian Stock Market: Conditions and Trends of Development," Finansovyj žhurnal — Financial Journal, Financial Research Institute, Moscow 125375, Russia, issue 2, pages 94-105, April.
  • Handle: RePEc:fru:finjrn:180208:p:94-105
    DOI: 10.31107/2075-1990-2018-2-94-105
    as

    Download full text from publisher

    File URL: http://www.nifi.ru/images/FILES/Journal/Archive/2018/2/statii_2018_2/fm_2018_2_08.pdf
    Download Restriction: no

    File URL: https://libkey.io/10.31107/2075-1990-2018-2-94-105?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Yu. Danilov & O. Buklemishev & A. Abramov., 2017. "Urgency of financial markets’ and non-banking financial sector reform," VOPROSY ECONOMIKI, N.P. Redaktsiya zhurnala "Voprosy Economiki", vol. 9.
    2. Boris Cournède & Oliver Denk & Peter Hoeller, 2015. "Finance and Inclusive Growth," OECD Economic Policy Papers 14, OECD Publishing.
    3. A. Abramov & A. Radygin & M. Chernova/, 2014. "Financial Markets Regulation: Models, Evolution, Efficiency," VOPROSY ECONOMIKI, N.P. Redaktsiya zhurnala "Voprosy Economiki", vol. 2.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Sergei V. Yakunin, 2019. "Domination of Banks With State Participation in Russia: Current Trends," Finansovyj žhurnal — Financial Journal, Financial Research Institute, Moscow 125375, Russia, issue 3, pages 64-74, June.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. A. Abramov & A. Radygin & M. Chernova, 2015. "Long-term Portfolio investment: New insight into Return and Risk," Voprosy Ekonomiki, NP Voprosy Ekonomiki, issue 10.
    2. Aida Caldera Sánchez & Morten Rasmussen & Oliver Röhn, 2016. "Economic Resilience: What Role for Policies?," Journal of International Commerce, Economics and Policy (JICEP), World Scientific Publishing Co. Pte. Ltd., vol. 7(02), pages 1-44, June.
    3. Amponsah, Mary & Agbola, Frank W. & Mahmood, Amir, 2021. "The impact of informality on inclusive growth in Sub-Saharan Africa: Does financial inclusion matter?," Journal of Policy Modeling, Elsevier, vol. 43(6), pages 1259-1286.
    4. Faruk Ülgen, 2021. "Public good, collective action and financial regulation," Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 92(1), pages 147-167, March.
    5. Tori, Daniele & Onaran, Özlem, 2018. "Financialisation, financial development, and investment: evidence from European non-financial corporations," Greenwich Papers in Political Economy 22196, University of Greenwich, Greenwich Political Economy Research Centre.
    6. Frost, Jon & Gambacorta, Leonardo & Gambacorta, Romina, 2022. "On the nexus between wealth inequality, financial development and financial technology," Journal of Economic Behavior & Organization, Elsevier, vol. 202(C), pages 429-451.
    7. Danilov, Yury (Данилов, Юрий), 2017. "Analysis of the Advancing Development of the Financial Sector in the Global Economy [Анализ Опережающего Развития Финансового Сектора В Мировой Экономике]," Working Papers 051708, Russian Presidential Academy of National Economy and Public Administration.
    8. Frost, Jon & van Stralen, René, 2018. "Macroprudential policy and income inequality," Journal of International Money and Finance, Elsevier, vol. 85(C), pages 278-290.
    9. Redmond, Trumel & Nasir, Muhammad Ali, 2020. "Role of natural resource abundance, international trade and financial development in the economic development of selected countries," Resources Policy, Elsevier, vol. 66(C).
    10. Can Sever, 2022. "Financial structure convergence," International Finance, Wiley Blackwell, vol. 25(1), pages 65-83, April.
    11. denise Gisèle MEGNIGANG, 2021. "Développement du système financier et croissance économique," Journal of Academic Finance, RED research unit, university of Gabes, Tunisia, vol. 12(2), pages 50-72, December.
    12. Tori, Daniele & Onaran, Özlem, 2017. "The effects of financialisation and financial development on investment: evidence from firm-level data in Europe," Greenwich Papers in Political Economy 16089, University of Greenwich, Greenwich Political Economy Research Centre.
    13. Detzer, Daniel, 2019. "Financialization made in Germany: A review," IPE Working Papers 122/2019, Berlin School of Economics and Law, Institute for International Political Economy (IPE).
    14. Norman Loayza & Amine Ouazad & Romain Ranciere, 2017. "Financial Development, Growth, and Crisis: Is There a Trade-Off?," Working Papers 114, Peruvian Economic Association.
    15. Benczúr, Péter & Karagiannis, Stelios & Kvedaras, Virmantas, 2019. "Finance and economic growth: Financing structure and non-linear impact," Journal of Macroeconomics, Elsevier, vol. 62(C).
    16. Stephanie Guichard, 2017. "10 Years after the Global Financial Crisis: What Have We Learnt About International Capital Flows?," Journal of International Commerce, Economics and Policy (JICEP), World Scientific Publishing Co. Pte. Ltd., vol. 8(03), pages 1-30, October.
    17. International Monetary Fund, 2016. "Republic of Slovenia: Selected Issues," IMF Staff Country Reports 2016/122, International Monetary Fund.
    18. Aida Caldera Sánchez & Alain de Serres & Filippo Gori & Mikkel Hermansen & Oliver Röhn, 2017. "Strengthening economic resilience: Insights from the post-1970 record of severe recessions and financial crises," OECD Economic Policy Papers 20, OECD Publishing.
    19. Danilov, Yury (Данилов, Юрий), 2018. "Analysis of the Russian Market of Derivative Financial Instruments [Анализ Развития Российского Рынка Производных Финансовых Инструментов]," Working Papers 031829, Russian Presidential Academy of National Economy and Public Administration.
    20. Oliver Denk & Boris Cournède, 2015. "Finance and income inequality in OECD countries," OECD Economics Department Working Papers 1224, OECD Publishing.

    More about this item

    Keywords

    professional intermediaries; professional participants in the stock market; Russian stock market; stock market instruments; financial and industrial groups; banking sector in stock market; concentration of stock market;
    All these keywords.

    JEL classification:

    • G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data)

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:fru:finjrn:180208:p:94-105. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Gennady Ageev (email available below). General contact details of provider: https://edirc.repec.org/data/frigvru.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.