Sovereignization of Home Stock Market and Redomiciliation of Shares of Russian Issuers
https://doi.org/10.21686/2413-2829-2024-5-113-121
Abstract
The article studies acute transformations of today’s stock market in Russia connected with the objective necessity of its sovereignization and redomiciliation of shares of Russian issuers. Specific features of these processes, risks and trends were identified and authors’ characteristics of factors that can affect the stock market dynamics were provided. The risk of prolonged keeping of a high key interest rate is marked as a principle one, while its impact has not so far brought serious results for inflation rate curbing, it influences the rise in interest rates on corporate borrowing market. A new interpretation of Russian share market and key interest rate movement was put forward, as well as characteristics of their interconnection proceeding from behavior grounds of home investors. All aspects of redomiciliation of shares of Russian issuers were analyzed as a key trend in sovereignization of home stock market. Participants’ interests in the process of redomiciliation were specified and risks of its impact on price trends on Russian share market were highlighted. The influence of redomiciliation on dividend history of home share market was analyzed. Special attention was paid to underestimation of home share market and possible impact of redomiciliation on dynamics of market share evaluation. According to the authors, shaping the sector of highly technological company shares is a stable trend in sovereignization of home stock market.
About the Authors
K. E. Kalinkina
Plekhanov Russian University of Economics
Russian Federation
Russian Federation
Kira E. Kalinkina PhD, Assistant Professor, Head of the Basic Department of Economic and Legal Expertise of the Union of Judicial Experts "Expert Council"
36 Stremyanny Lane, Moscow, 109992
E. V. Semenkova
Plekhanov Russian University of Economics
Russian Federation
Russian Federation
Elena V. Semenkova Doctor of Economics, Professor, Professor Basic Department of Economic and Legal Expertise of the Union of Judicial Experts "Expert Council"
36 Stremyanny Lane, Moscow, 109992
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Review
For citations:
Kalinkina K.E., Semenkova E.V. Sovereignization of Home Stock Market and Redomiciliation of Shares of Russian Issuers. Vestnik of the Plekhanov Russian University of Economics. 2024;(5):113-121. (In Russ.) https://doi.org/10.21686/2413-2829-2024-5-113-121
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