The Main Directions of Influence of Financialization on the Functioning of National Economies and Economic Entities

Autor: Hryschenko Tetiana V., Anzina Hanna V.
Jazyk: English<br />Russian<br />Ukrainian
Rok vydání: 2019
Předmět:
Zdroj: Bìznes Inform, Vol 1, Iss 492, Pp 296-302 (2019)
Druh dokumentu: article
ISSN: 2222-4459
2311-116X
Popis: Over the past 20 years, the world economy has been financialized, i.e., the financial system is being advanced in comparison with other sectors. The article considers features of a new stage of development of the world economy, namely: processes of financialization and their influence on the national economies and the activity of economic entities as a part of these. The influence of global processes of financial sector domination on the pricing processes in the Ukrainian economy as well as on the local companies is proved. The companies that are part of international markets for goods, services and capital, including the holding companies with assets in Ukraine, experience the greatest impact of financialization. Therefore, in determining the fair value of such companies, it is necessary to take into view the impact of financialization processes and, accordingly, to improve methodical approaches. Taking into consideration the participation of companies in the international capital market; impact of globalization processes through the financial sector; growth of lending volumes; increase in intermediary services in the financial market, etc., there is a growing need to find ways to improve the fair valuation of company. The factors which should be taken attention in the fair valuation of the Ukrainian companies in conditions of financialization of economy are determined.
Databáze: Directory of Open Access Journals