The Concept of Fair Pricing in the Regulation Framework of the Russian Securities Market

Authors

  • E.V. Semenkova Financial Markets Department, Plekhanov Russian University of Economics, Moscow
  • L.N. Andrianova Financial Markets and Banks Department, Financial University under the Government of the Russian Federation, Moscow
  • K.V. Krinichansky Financial Markets and Banks Department, Financial University under the Government of the Russian Federation, Moscow

Keywords:

Fair pricing, financial market regulation, volatility overflow, insider information, stock price manipulation.

Abstract

High risks and volatility in the stock market of Russia hinder the transformation of savings into investments and increase the speculative nature of transactions. Russian business does not use the securities market mechanism of financing investments widely enough. One of the causes of this is the faults in the model of securities market regulation in Russia and the legislative gaps. The aim of this article is developing suggestions concerning the improvement of government regulatory practice and self-regulation in securities market in Russia. The study is based on the methods of institutional, comparative and graphic analysis. Solving the problems connected with the set aim, the authors were the first to suggest the analysis of the relationship between the ability of the Russian capital markets to implement its allocative functions on the basis of fair pricing and the efficiency of the capital markets regulatory system. A relationship has been revealed between the speculative character of the Russian securities market and the faults in the model of its regulation. Suggestions have been grounded on the improvement of the existing rules and regulation in the Russian securities market, working out the foundations of long-term public policy for securities market regulation.

Downloads

Published

2018-11-12

How to Cite

Semenkova, E., Andrianova, L., & Krinichansky, K. (2018). The Concept of Fair Pricing in the Regulation Framework of the Russian Securities Market. Journal of Reviews on Global Economics, 7, 562–571. Retrieved from https://lifescienceglobal.com/pms/index.php/jrge/article/view/5722

Issue

Vol. 7 (2018)

Section

Special Issue - Banking System and Financial Markets of Russia and other Countries: Problems and Prospects

License

Policy for Journals/Articles with Open Access

Authors who publish with this journal agree to the following terms:

  • Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution License that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal.

  • Authors are permitted and encouraged to post links to their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work

Policy for Journals / Manuscript with Paid Access

Authors who publish with this journal agree to the following terms:

  • Publisher retain copyright .

  • Authors are permitted and encouraged to post links to their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work .