Global Securities Market Research Articles

Warren Buffett and Berkshire Hathaway's Recent Investment Strategy Changes and the Reasons for the Corresponding Risk Measures

With the development and changes of the world economy, the size of the global securities market is gradually increasing, and the investment methods available for citizens to choose from are becoming more diverse. Stocks, as one of the most important investment methods, have also received increasing attention from investors. After experiencing a slow economic recovery, the distribution of global stock and securities markets is also constantly expanding. In recent years, the global ETF market has crossed new milestones, with a scale exceeding $11 trillion for the first time, showing an unstoppable development trend, reflecting the recovery and growth of the global securities market after experiencing the financial crisis. In addition, global stock indices have generally risen. Especially for assets that are lagging behind in 2023, it shows an upward trend in the global securities market after entering 2024. Due to the continuous changes and maturity of the economic landscape and securities market, it has brought huge social dividends and increased investor willingness. As an outstanding representative in the fields of stock and securities investment, Buffett's investment ideas and strategies have been highly valued by the general public. Therefore, studying typical cases of Buffett's investments has a guiding significance. This article will analyze Buffett's investment preferences and performance from 2023 to the first half of 2024, starting from the current international background and combining Buffett's value investment philosophy. It will provide reference suggestions for investment industry practitioners and regulatory agencies.

Economic Risk Mitigation and the Securities Market Financial Performance of Listed Insurance Firms at Nairobi Securities Exchange.

The performance of the global securities market plays a crucial role in both local and international economies. The rise of these markets has increased the risks associated with firms listed on the stock market. This study aimed to examine the effect of economic risk mitigation on the financial performance of listed insurance firms in Kenya's securities market. A descriptive research design and a quantitative research approach were adopted. The target population consisted of 548 staff members working in finance, investment, risk, actuarial, and operations departments across the six insurance firms listed on the Nairobi Securities Exchange. The sample size was determined using Yamane's Formula, and stratified random sampling was employed to select the sample. Both primary and secondary data were utilized in this study. Secondary data were collected using a data extraction tool from the annual reports and financial statements of the insurance companies, while structured questionnaires were used to gather primary data. The collected data were analyzed using descriptive and inferential statistics with the help of SPSS (version 24). Descriptive statistics included frequency distribution, percentages, mean, and standard deviation, while inferential data analysis was conducted using Pearson correlation coefficient and linear regression analysis. The study found that economic risk mitigation has a positive and significant effect on securities market financial performance of listed insurance firms in Kenya.

Current state of the world securities market

. The scientific article discusses the world securities market and its current state. Thedevelopment of the modern world securities market, in addition to general economic trendsaffecting the stock market, is also characterized by specific trends. The market capitalization ofthe global securities market is calculated by region from the total volume of exchange operations.Based on the data contained in the final report of the world Federation of exchanges for 2019,the countries of the world are classified according to the concentration of stock markets. Thelist is headed by the United States, Japan, great Britain, China, France, Germany and Canada,Switzerland and Australia, and other countries. The article analyzes market capitalizations andsales transactions of the New York, Tokyo, and London stock exchanges. The current index valuesof these three exchanges are determined

Сучасний стан світового фондового ринку та виклики його розвитку

The purpose of the article is to study the current state of the global stock market and potential challenges on the future path of its development. The study of the state of the world stock market, among other things, is carried out by analytical agencies that single out individual countries to analyze the state of their national stock markets: the USA, the Eurozone, the United Kingdom of Great Britain and Northern Ireland, Japan, China, Canada, and Australia. The largest in terms of proportion in the capitalization of the world market is the market of the group of North American countries (the USA and Canada), which occupies 83.13%. Currently, the global financial market is in a recession phase, which is characterized by high levels of inflation and certain specific features. Over the past decades, the global financial system has acquired additional trends that make their own adjustments to tendencies in the world stock market and create potential challenges to the development of the global securities market. Among the main challenges that affect the prospects of the global stock market, the following can be mentioned: 1) speculative challenge from the growth of the derivatives market; 2) potential challenge from the tendency of democratization of the global stock market. The democratization of the stock market is understood as an increase in the ability of individuals to gain access to capital markets, receive new information, access to investment platforms and investment products, that is, we are talking about the openness of the market and a decrease in its concentration; 3) challenges from the growth of cyber threats that can lead to manipulation of order management systems, which, in turn, leads to incorrect channels, fake orders or failure to submit along with damaging the trade surveillance systems, which will result in enabling the manipulative, illegal trade practices; 4) the negative consequence of standardization of capital raising through stock markets; 5) challenges within the post-COVID paradigm; 6) challenges from changes in the structure of investors; 7) challenges for the world stock market due to the full-scale invasion of Ukraine by the Russian Federation, which affected the energy and consumer sectors, as the commodity markets of oil, gas, agricultural products and fertilizers suffered, mainly having negative consequences for the markets of the continent of Eurasia and Africa. Thus, the global stock market is developing in a paradigm of uncertainty, geopolitical sharpness, significant rates of digitalization and the continuation of the boom in information technology, democratization and the post-pandemic period, which creates its own combination of challenges.

Research on investment decision-making model from the perspective of “Internet of Things + Big data”

With the continuous improvement of the global securities market, the market competition is unprecedented fierce. In the aspect of investment decision support system, there is an urgent need to continuously absorb new information processing technologies and improve the scientific and standardization of decision-making, so as to achieve the goal of improving investment decision-making efficiency and stabilizing investment returns. Firstly, this paper introduces the defect that the database, model base and knowledge base are designed and implemented independently in the traditional decision support system. Then, constructing a unified and efficient data processing platform for Internet of Things based on DMFS technology, which realizes the integration of database and model, and innovatively establishes a data mining model facing market big data, dynamically analyzes and proposes investment decisions. Finally, the operating income data of a listed company in recent ten years are selected for simulation, which verifies the efficiency of the model system in processing dynamic data and the stability of investment income.

Process Approach to Modeling of National and Global Securities Market Operation

Present study dwells on application of process approach to modeling of national and global securities market operation. Authors select securities market functioning as an object of the study. A subject of research is applicability of the process approach to modeling of securities market functioning in order to improve the processes taking place in the securities market.Authors describe existing securities market models in the study. The study contains a description of new securities market model in terms of process approach. The given model gives the possibility to improve the processes of stock market functioning as well as provides the market with the opportunity to reach the higher competitive level.According to the results of the study, authors conclude that the presented model can be adapted to any type of both national and global securities market and so that to improve the processes taking place in the securities market.

The Common Market Prospectus

Despite the rapid internationalization of the global securities market, regulatory disharmony has been a persistent obstacle to multi-jurisdictional offerings. However, the increased demand for comparable information in the analysis of investment risk necessary to the allocation of assets has facilitated a convergence between market enhancement and market integrity. The process of federalism in the European Communities (EC) has strengthened this will to harmonize, with Member States recognizing the necessity for reducing obstacles to the development of a single European capital market. The article addresses the EC’s major initiatives toward the achievement of regional regulatory harmony for multi-jurisdictional securities offerings. Specifically, this article describes the EC’s two major directives, which establish a mandatory disclosure regime for public offerings of securities, the Listing Particulars Directive and the Public Offer Prospectus Directive. These two directives, when implemented by the EC’s Member States, may result in a “common market prospectus,” which can be used in Member States, subject to minimal additional disclosure requirements. This article concludes that the EC, in seeking to establish a common market prospectus, has become the major force for global harmony in the field of securities regulation.

The Sociology and Geography of Mortgage Markets: Reflections on the Financial Crisis

The article presents a symposium discussion assessing the role the sociological and geographical aspects of the mortgage market played in the 2008 financial crisis. Combinations of interrelated causes of the global financial crisis include deregulation and re-regulation, financialization and globalization, and bubbles and wrong incentives. The various ways the mortgage market is shaped and reshaped by both mortgage lenders and state institutions is examined. It is stressed that mortgage loan securitization is largely an invention of government and government erected institutions such as Fannie Mae and Freddie Mac.

Reversal or Change? The Global Securities Market in the 20th Century

The twentieth century saw remarkable transformations in the scope and impact of securities markets across the globe. The trajectory of these transformations, however, is more complex than meets the eye, particularly when one takes into account the relationships between markets and the State. This article traces this trajectory and suggests a good deal of 'reversal' in particular cases but a linear change taking place at the global level.

The global securities market: a history – By Ranald C. Michie

The Economic History ReviewVolume 61, Issue 1 p. 275-276 The global securities market: a history – By Ranald C. Michie Larry Neal, Larry Neal University of Illinois/London School of EconomicsSearch for more papers by this author Larry Neal, Larry Neal University of Illinois/London School of EconomicsSearch for more papers by this author First published: 02 January 2008 https://doi.org/10.1111/j.1468-0289.2007.00419_35.xRead the full textAboutPDF ToolsRequest permissionExport citationAdd to favoritesTrack citation ShareShare Give accessShare full text accessShare full-text accessPlease review our Terms and Conditions of Use and check box below to share full-text version of article.I have read and accept the Wiley Online Library Terms and Conditions of UseShareable LinkUse the link below to share a full-text version of this article with your friends and colleagues. Learn more.Copy URL Volume61, Issue1February 2008Pages 275-276 RelatedInformation

Channeling Competition in the Global Securities Market

Global capital markets are becoming more integrated. With the free flow of capital has come increased competition between different financial centers. For those in favor of increased regulatory competition, the growing integration of world financial markets is generally viewed as a positive occurrence. Nevertheless, this essay casts some doubt as to the value of regulatory competition along dimensions other than the supply of investor protection. Regulators may compete not over the types and quality of investor protection but rather over jurisdictional boundaries and the extraterritorial application of law. This, of course, does not mean that regulatory competition lacks merit. Indeed, those that take the view that regulatory competition will lead to a race to the bottom must contend with the reality that a degree of competition is already with us. The essay concludes that investor welfare may be improved if we move more to a fully competitive system under which regulators could only compete along one dimension -- the provision of investor protection.

US Perspectives on Global Securities Market Disclosure Regulation: A Critical Review

US Perspectives on Global Securities Market Disclosure Regulation: A Critical Review

The Case for the Harmonization of Securities Disclosure Rules in the Global Market

The internationalization of the world's securities markets is one of the most significant developments to affect the securities markets of the United States and many other nations. The process of internationalization and the question of U.S. competitiveness in the new global market has been the focus of academics and practitioners since the beginning of the 1990s. This article offers a comprehensive analysis of the fundamental question posed by the internationalization of securities markets: Which regulatory approach should govern securities disclosure rules in the new global market -- competition or harmonization? Utilizing various economic theories, the article suggests that the harmonization of securities disclosure rules would result in more effieint financial markets and imporved investor's protection. The topic of the paper echoes the debate in the U.S. over the competition for corporate charters. However, the question of ?competition or harmonization? of securities disclosure rules in the global market involves the markets of many nations and, therefore, the magnitude of the decision taken will be significantly greater than the decision regarding the regulation of corporate charters within the U.S. This question also has an important practical aspect. In fall 1998, the SEC and the regulators of all other major securities markets are expected to solicit comments on revolutionary proposals regarding the harmonization of accounting rules and the acceptance of a disclosure standard which is to be used by companies engaged in multinational offerings and listings. These proposals are expected to open a public debate in the U.S. and elsewhere. The structure of this article is as follows. Part II offers a brief description of the internationalization of the world?s securities markets. It is necessary to understand the causes and magnitude of this phenomenon in order to evaluate different regulatory approaches. Part III presents the question: ?competition or harmonization?? and addresses the importance of the regulatory approach toward disclosure rules from the perspectives of issuers, investors and regulators. This part further explores why less regulated markets and non-public offerings cannot serve as true alternatives to exchange listing. Special attention is paid to the importance of the regulatory approach toward disclosure from the U.S. perspective. Finally, the third section explores the theories of regulatory competition and harmonization. Part IV identifies the shortfalls of regulatory competition in the global market from the predicted outcomes of competitive markets. The analysis in the fourth part identifies various market failures which limit the efficiency of regulatory competition in the global securities market. This discussion involves both a theoretical analysis of regulatory competition and its practical application to many issues in the area of securities disclosure rules. Finally, Part V explains why harmonization is the most efficient approach to the regulation of securities disclosure rules in the global market. This part starts with a brief overview of the process of harmonizing securities disclosure rules, the structure of the harmonized standards and a description of some of the problems accompanying harmonization. After this overview, the discussion focuses on the ways in which harmonization will improve the operation of markets, reduce the costs of capital and enhance inter-market and inter-firm competition. The analysis further explains how harmonization will best serve the U.S. interest in attracting foreign issuers while preserving a high level of investor protection.

London's place in the global securities market

Journal Article London's place in the global securities market Get access Nicholas Goodison Nicholas Goodison Search for other works by this author on: Oxford Academic Google Scholar International Affairs, Volume 64, Issue 4, autumn 1988, Pages 575–583, https://doi.org/10.2307/2626043 Published: 01 October 1988