Економічна сутність операцій із цінними паперами

Abstract

Визначено основні тенденції розвитку фондового ринку України, а саме проведено аналіз статистичних даних щодо здійснення операцій із цінними паперами підприємств. На підставі узагальнення результатів наукових праць уточнено термін «операції з цінними паперами», визначено відмінності між здійсненням операції та укладанням угоди. Розглянуто систематизацію видів операцій із цінними паперами в економіко-організаційному аспекті.

In the context of effective functioning of information system managing company securities, this article argues the expediency of finding out an economic nature and types of operations that can be performed with the securities by nonprofessional participants of the stock market. Research of current trends in the stock market proves that business entities in Ukraine do not pay enough attention to the possibilities of forming investment resources for growing business through financial interest and debt instruments. The authors that despite the background instability of macroeconomic processes during 2015 reducing of Ukrainian domestic stock indexes and proper decreasing of the securities market trading volume was ascertained. The attention on accented significant changes in the volume of operations with securities, in particular – with shares and bonds. Basing on critical analysis of current legislation and modern economic literature it is proved that operations with securities reflect very difficult economic and legal relationships which are should be considered in the economic, organizational and legal aspects in order to ensure the effective functioning of information system management. The feasibility of economic-organizational approach to disclosure the nature of operations with securities is determined. The operation with securities as a completed action (or series of actions) of professional and non-professional stock market participants with basic and derivative securities to achieve goals, which are formed depending on the development strategy selected by the member of stock market is defined. The difference between the agreement and operation with the securities is studied. It is stated that their features lie in the economic and legal fields. It is proved that operations with the securities made by business entity for the certain purpose which can vary depending on the kind of securities, and the entity carrying out such an operation. Such operations for enterprises are identified as issuing, placement, circulation, accounting, payment of income, repayments and others.