Competitiveness in the Ukrainian stock market and local crisis of 2013–2015

Plastun, Oleksii Leonidovych; Makarenko, Inna Oleksandrivna; Balatskyi, Yevhen Olehovych

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Title	Competitiveness in the Ukrainian stock market and local crisis of 2013–2015
Authors	Plastun, Oleksii Leonidovych Makarenko, Inna Oleksandrivna Balatskyi, Yevhen Olehovych
ORCID	http://orcid.org/0000-0001-8208-7135 http://orcid.org/0000-0001-7326-5374 http://orcid.org/0000-0001-7039-1009
Keywords	фондовий ринок фондовый рынок stock market концентрація концентрация concentration competitiveness
Type	Article
Date of Issue	2018
URI	http://essuir.sumdu.edu.ua/handle/123456789/71728
Publisher	LLC “Consulting Publishing Company “Business Perspectives”
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Citation	Plastun, A. Competitiveness in the Ukrainian stock market and local crisis of 2013-2015 [Text] / A. Plastun, I.Makarenko, E. Balatskiy // Investment Management and Financial Innovations. - 2018. - Vol. 15, Issue 2. - P. 29-39. - DOI: http://dx.doi.org/10.21511/imfi.15(2).2018.03.
Abstract	This paper investigates competitiveness in the Ukrainian stock market during local crisis of 2013–2015. The following hypothesis is tested: crisis decreases competitiveness in the stock market. The analysis is carried out for the most liquid stocks in the Ukrainian Exchange (UX) over the period from 2010 to 2017 using both traditional measurements of market concentration (Hirschman Index, Lerner Index, Comprehensive Concentration Index, Entropy Index, Gini coefficient, etc.) and some alternative methods like regression analysis with dummy variables and Kruskal-Wallis test. The results suggest that the current degradation of the Ukrainian stock market is closely related with significant changes in the market concentration which are caused by the local crisis.
Appears in Collections:	Наукові видання (ННІ БТ)