ANALYSIS OF STOCK PRICE DYNAMICS OF DOMESTIC COMPANIES ON INTERNATIONAL STOCK EXCHANGES AS THE BASIS FOR THEIR MARKET CAPITALIZATION FORMATION
Abstract
In this article, further research has been conducted on the peculiarities of market capitalization formation for companies in contemporary conditions. The goal of the study is to analyze the impact of stock price dynamics of domestic agricultural companies listed on international stock exchanges on the formation of their market capitalization in order to determine the prospects for its growth. The critical analysis of the content of scientific publications indicates the use of various scientific approaches depending on the chosen research objective. At the same time, there is a lack of study on the impact of the main components of company market capitalization on its formation. The relevance of the studied subject is determined by the importance of solving the problem of finding sources of investment for the development of domestic companies. The methodological basis of the results of this study is a system of the following applied methods: generalization – for critical analysis of the content of scientific publications of modern scientists who studied the peculiarities of the formation of company market capitalization; graphical – for visualization of the income structure of domestic agricultural companies within the holdings; analytical and tabular – for recording current stock prices of domestic agricultural companies listed on global exchanges; computational-analytical – in determining the volumes and calculating market capitalization ranges of domestic agricultural companies listed on international stock exchanges; generalization and prognostic – for conclusions summarizing and determining prospects for increasing the market capitalization of agrarian companies whose stockes are listed on international stock exchanges. Scientific novelty of the research results lies in the approach to studying the impact of current stock prices of domestic agricultural companies on changes in the volumes and ranges of their market capitalization. The obtained research results can be useful for enterprises in the agricultural sector of the economy that are concerned with questions related to finding investments for further development and business transformation.
Downloads
References
1. Бурбан, О.В. (2021). Роль оцінювання вартості як інструмента підготовки рішень для обгрунтування ринкової капіталізації підприємства. Економічний форум, 1(1), 116-121. https://doi.org/10.36910/6775-2308-8559-2021-1-13
2. Кривов’язюк, І.В., Пушкарчук, І.М., & Волинчук, Ю.В. (2017). Капіталізації як основа динамічного розвитку підприємств. Економічний форум, 1, 135-143.
3. Мостова, А.Д. (2023). Теоретичні аспекти ринкової капіталізації корпоративних аграрних підприємств в Україні. Наукові перспективи, 9(39), 392-404. https://doi.org/10.52058/2708-7530-2023-9(39)-392-404
4. Нестерова, С.В., & Обіцький, А.В. (2019). Особливості ринкової капіталізації промислових підприємств в національній економіці. Науковий вісник Мукачівського державного університету, серія «Економіка», 2(12), 125-130. DOI:10.31339/2313-8114-2019-2(12)-125-130
5. Сусліков, А. (2023). Стратегічне управління ринковою капіталізацією корпоративних аграрних підприємств на основі ESG-принципів. Економічний дискурс, (1-2), 83–95. https://doi.org/10.36742/2410-0919-2023-1-9.
6. Cillo, V., Gregori, G.L., Daniele, L.M., Caputo, F. and Bitbol-Saba, N. (2022). Rethinking companies’ culture through knowledge management lens during Industry 5.0 transition. Journal of Knowledge Management, 26(10), 2485-2498. https://doi.org/10.1108/JKM-09-2021-0718
7. Kerong, W. (2022). The Calculation of Market Capitalization of Enterprises Based on Discounted Cash Flow Method. Proceedings of the 2022 2nd International Conference on Enterprise Management and Economic Development (ICEMED 2022). Advances in Economics, Business and Management Research, 219, 213-220. DOI: 10.2991/aebmr.k.220603.037
8. Liurui, D. & Yiwen, Z. (2022). Investment Lag, Financially Constraints and Company Value – Evidence from China. Emerging Markets Finance and Trade, 58:11, 3034-3047. https://doi.org/10.1080/1540496X.2021.2025047.
9. Šebestová, J.D., & Popescu, C.R.Gh. (2022). Factors Influencing Investments into Human Resources to Support Company Performance. Journal of Risk and Financial Management, 15(1): 19. https://doi.org/10.3390/jrfm15010019
10. Opendatabot (2023). Топ-10 агровиробників України: як змінилися доходи аграріїв за перший рік великої війни. URL: https://opendatabot.ua/analytics/agro-index-2022.
11. Yahoo! Finance. URL: https://finance.yahoo.com/.
References:
1. Burban, O.V. (2021). Rol otsiniuvannia vartosti yak instrumenta pidhotovky rishen dlia obhruntuvannia rynkovoi kapitalizatsii pidpryiemstva. Ekonomichnyi forum, 1(1), 116-121 [in Ukrainian]. https://doi.org/10.36910/6775-2308-8559-2021-1-13
2. Kryvoviaziuk, I.V., Pushkarchuk, I.M., & Volynchuk, Yu.V. (2017). Kapitalizatsii yak osnova dynamichnoho rozvytku pidpryiemstv. Ekonomichnyi forum, 1, 135-143. [in Ukrainian].
3. Mostova, A.D. (2023). Teoretychni aspekty rynkovoi kapitalizatsii korporatyvnykh ahrarnykh pidpryiemstv v Ukraini. Naukovi perspektyvy, 9(39), 392-404. [in Ukrainian]. https://doi.org/10.52058/2708-7530-2023-9(39)-392-404
4. Nesterova, S.V., & Obitskyi, A.V. (2019). Osoblyvosti rynkovoi kapitalizatsii promyslovykh pidpryiemstv v natsionalnii ekonomitsi. Naukovyi visnyk Mukachivskoho derzhavnoho universytetu, seriia «Ekonomika», 2(12), 125-130. [in Ukrainian]. DOI:10.31339/2313-8114-2019-2(12)-125-130
5. Suslikov, A. (2023). Stratehichne upravlinnia rynkovoiu kapitalizatsiieiu korporatyvnykh ahrarnykh pidpryiemstv na osnovi ESG-pryntsypiv. Ekonomichnyi dyskurs, (1-2), 83–95. [in Ukrainian]. https://doi.org/10.36742/2410-0919-2023-1-9.
6. Cillo, V., Gregori, G.L., Daniele, L.M., Caputo, F. and Bitbol-Saba, N. (2022). Rethinking companies’ culture through knowledge management lens during Industry 5.0 transition. Journal of Knowledge Management, 26(10), 2485-2498. https://doi.org/10.1108/JKM-09-2021-0718
7. Kerong, W. (2022). The Calculation of Market Capitalization of Enterprises Based on Discounted Cash Flow Method. Proceedings of the 2022 2nd International Conference on Enterprise Management and Economic Development (ICEMED 2022). Advances in Economics, Business and Management Research, 219, 213-220. DOI: 10.2991/aebmr.k.220603.037
8. Liurui, D. & Yiwen, Z. (2022). Investment Lag, Financially Constraints and Company Value – Evidence from China. Emerging Markets Finance and Trade, 58:11, 3034-3047. https://doi.org/10.1080/1540496X.2021.2025047.
9. Šebestová, J.D., & Popescu, C.R.Gh. (2022). Factors Influencing Investments into Human Resources to Support Company Performance. Journal of Risk and Financial Management, 15(1): 19. https://doi.org/10.3390/jrfm15010019
10. Opendatabot (2023). Top-10 ahrovyrobnykiv Ukrainy: yak zminylysia dokhody ahrariiv za pershyi rik velykoi viiny. URL: https://opendatabot.ua/analytics/agro-index-2022. [in Ukrainian].
11. Yahoo! Finance (2023). URL: https://finance.yahoo.com/.
Copyright (c) 2023 Фесіна Юрій
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
1.png)
