Increase In Trading Volume Research Articles

ЯК ЦИФРОВІЗАЦІЯ ЗМІНЮЄ ТОРГІВЛЮ: АКТУАЛЬНІ ТРЕНДИ ТА МАЙБУТНЄ

One of the key trends in modern business is digitization, which is reflected in all spheres, including trade. Digital technologies transform traditional methods of sales and market interactions, opening up new opportunities for enterprises to improve their efficiency. The article explores various aspects of this transformation, focusing on the impact of digital technology on business processes and market participant interactions. One of the key changes resulting from digitization is the transition from traditional methods of retail sales to electronic trading platforms. This opens up wide opportunities for both buyers and sellers, facilitating an expansion of the assortment, enhancing shopping convenience, and increasing trade volumes. Analyzing these changes, one can see how they affect the landscape of trade, altering traditional business models and paving the way for innovations. Additionally, the article examines the impact of innovative technologies such as artificial intelligence, the Internet of Things, and data analytics on supply chain optimization, personalized service, and the creation of a favorable environment for consumers. These technologies enable enterprises to implement advanced management strategies and customer interactions, thus enhancing competitiveness in the market. However, along with the new opportunities of digital transformation come new challenges. One of them is cybersecurity and data privacy protection. With each new technological solution, the threat of abuse and cyberattacks grows. Therefore, it is important not only to implement new technologies but also to improve security systems to ensure the safety of business and its customers. In conclusion, digital technologies provide enterprises with broad opportunities to expand their influence on the market and enhance competitiveness. However, successful digital transformation requires not only the implementation of new technologies but also the ability to adapt to rapid changes in the digital environment and effectively address emerging challenges."

ASSESSMENT OF THE IMPACT OF ECONOMIC RELATIONS IN FOREIGN TRADE WITH MAIN PARTNER COUNTRIES ON ARMENIA'S GDP

The paper analyzed the foreign trade and economic relations of RA with 13 main partner countries. In the post-Soviet period, these ties developed with Belarus, Georgia, the Russian Federation, Iran and Kazakhstan, and the development of ties with other countries showed different trends. In order to assess the impact of the trade relations of the main partner countries on the GDP of Armenia, a panel data model was built based on the annual data of 1995-2022. The following hypotheses were proposed and verified: “Increasing trade volume with key partner countries contributes to the growth of Armenia's GDP” and “GDP growth of key partner countries contributes to the growth of Armenia's GDP”. Using the Hausman test, the Random Effect model was selected from the Fixed Effect model and Random Effect model alternatives. According to the results of the model, a one percent increase in the growth rate of exports contributes to an increase in the growth rate of the nominal GDP of RA by 0.02 percent, and a 1 percent increase in the growth rate of imports contributes to an increase in the growth rate of the RA GDP by 0.07 percent. An increase in per capita gross domestic product of foreign countries contributes to the growth of Armenia's nominal GDP. A prediction was made based on the model.

Analysis of the impact of RCEP on the industrial and innovation chains of China's textile and clothing industry.

This research examines the impact of the Regional Comprehensive Economic Partnership (RCEP) on the textile and apparel industry within its member nations. The study seeks to understand the implications of RCEP on trade dynamics, innovation chains, and industrial integration in the textile sector. The study uses both quantitative analysis of trade data and qualitative assessment of policy frameworks to analyze changes in textile trade and patterns among RCEP members through UN Comtrade data. Qualitative analysis is conducted to examine RCEP policies related to intellectual property protection, investment regulations, and innovation cooperation. The findings reveal a significant increase in textile trade volume among RCEP member countries following the agreement's implementation. China emerges as a key player, experiencing substantial growth in textile exports to RCEP nations, particularly driven by tariff reduction initiatives. RCEP provisions stimulate demand for innovation within the textile industry, fostering collaborative efforts in scientific research and development.

Биржи в структуре энергетического рынка: новый взгляд

The paper offers a systematized and updated view of exchange-traded energy products. The increase in natural gas and electricity trade volumes at commodity exchanges has dramatically changed the wholesale market structure in Europe. Nowadays commodity exchanges have played an essential role in energy trading. The complexity of exchange technologies and the reasons for their demand are often hidden under everyday exchange routine. Academic analysis of exchange activity has traditionally been feebly developed, because, firstly, classical economics assumes that finding of equilibrium between supply and demand is an instantaneous and cost-free process. Markets were mainly described as simple market exchanges where faceless buyers and sellers meet for an instant to exchange standardized goods at equilibrium prices. Secondly, energy exchanges are relatively new phenomenon. The justification of exchange trading became possible as a result of new institutional economics (NIE) and transaction cost theory (TCT) findings. Under conditions of positive transaction costs, incomplete foresight and bounded rationality – the conditions of the New Institutional Economics (NIE) – the institutional framework not only of firms but also of markets matters. Also, within this institutional framework the concept of “governance structure” was introduced. A high-performance system shall align transactions with governance structures in relation to their adaptive needs. Governance structures are properly regarded as part of the optimization problem. A shift from one structure to another may permit a simultaneous reduction in both the expense of writing a complex contract and the expense of executing it effectively in an adaptive, sequential way. The founders of NIE and TCT, having been investigating the stock and commodity exchanges, approached them as a measure of transaction costs for other-the-counter trades. However, they did not include exchange trading into classification of governance structures. As far as is known, it has not been described in this way in terms of NIE and TCT to date. Natural gas and electricity markets is a good examples of network industries, which are an appropriate case of institutional flexibility regarding the alignment between transactions and governance structures. “Liberalised” network industries needed and still need an “intense” design and re-design to be able to host any kind of markets and to interact with. Organized markets, energy exchanges have developed a required bridge between leaving long-term contracts and price promulgation. The hypothesis of energy exchange classification as a special type of governance structure, in the meaning of NIE and TCT, for network industries is discussed in this article.

Indian Stock Market Regularity: The Turn of the Month Effect

Recent empirical studies have identified the presence of the Turn of the Month (TOM) effect on various stock markets. This effect is a yell-knoYn calendar anomaly in stock markets, characterized by higher returns and increased trading volume around the beginning of each month. The researchers have proposed several explanations for this anomaly, includ- ing factors such as increased liquidity, YindoY dressing practices, and neys announcements. This study focuses on investigating the TOM effect in the Indian stock market, specifically focusing on size of firms and trading activity by individual investors, as Yell as domestic and foreign institutional investors. We analysed the closing prices of four indices (Nifty 50, S&P BSE Sensex, Nifty SmallCap 50, and BSE SmallCap) from April 2007 to February 2023. Our analysis involved using parametric t-tests and non-parametric Mann-Whitney U tests to assess the significance of our findings. The results indicate that the TOM effect is indeed significant in the Indian stock market, Yith higher returns observed during the days surrounding the TOM. Furthermore, this effect is more pronounced in smaller indices com- pared to larger ones. Additionally, Ye found that domestic institutional investors engage in significant trading activity toYards the end of the trading month, Yhile individual investors do not demonstrate the same pattern. Foreign investors also exhibit notable differences in trading activity betYeen the TOM and the rest of the month.

PENGANGGURAN DALAM PERSPEKTIF EKONOMI ISLAM DAN KOVENSIONAL

High unemployment is an economic problem and a social problem. Unemployment is an economic problem because when the unemployment rate increases as a result a State discards goods and services that can actually be produced by unemployment. The purpose of this study is to find out how unemployment in the Islamic and conventional economic perspective. This research method is This research is a type of library research; i.e. the data and study materials that are included in the use come from literary sources, both in the form of books. The result of this study is Unemployment and poverty arise when a person or group of people is unable to meet the level of economic prosperity that is considered the minimum requirement of a certain standard of living, Islam responds to unemployment and provides solutions by increasing and bringing in halal investments to be developed in the real sector both in agriculture and forestry, marine, and mining as well as increasing trade volumes

China's One Belt One Road (OBOR) Initiative and Its Ambitions for Global Hegemony

This research paper analyses China's One Belt, One Road initiative and explores its ambitions for influencing the world economy through these economic corridors. However, each economic corridor has been separately explained in order to understand how these economic corridors would contribute to the rise and expansion of China in the world. In addition, to know whether the One Belt and One Road Initiative offers these six corridors' member states an opportunity to create a win-win relationship with China. It will ensure access and increase trade volume to the major world markets, or is it still a pipe dream for these countries to obtain such goals and objectives? Apart from this, to find out how it would improve and enhance regional connectivity, people-to-people contact, economic development, transit trade, road and maritime transport networks and tourism. This study used the qualitative method with an interpretive and descriptive approach. The purposive sampling technique was used to select the participants for the interview, and the snowball sampling technique was used to approach the participants. Five participants were interviewed through an interview schedule. The interview schedule was emailed to participants, and they typed their responses on MS Word and sent them back to the researcher. The researcher developed themes, and data were analyzed according to those themes. The findings of the study suggested that China has initiated these projects to promote its political power and economic interests in the region.

Proposals to Reform the EU Customs Union

On 17 May 2023 the European Commission published the most ambitious and comprehensive proposals to reform the EU Customs Union since the establishing of the Customs Union in 1968. The Commission’s proposals follow a series of studies and consultations and is intended as a response to tensions that have arisen in the customs world as a result of a huge increase in trade volumes, a rapidly rising number of EU standards to be checked at borders, the shifting geopolitical reality and various crises. This contribution provides an overview of and critical reflection on the highlights of the proposals, enabling readers with different levels of expertise in customs law to get familiar with what has been proposed by the European Commission and to pave the way for further, in-depth research on these proposals EU Customs Union, reform, European Commission, customs legislation, UCC, e-commerce, importer, sanctions, EU Customs Data Hub, Trust and Check traders

Stability in the Age of Cryptocurrencies: A Critical Review of Stablecoin Mechanisms and their Implications

Cryptocurrencies have catalyzed financial innovation, with Bitcoin's emergence partly in response to the 2008 financial crisis, attracting both enthusiasts and skeptics. Initially, it functioned within a tight community, evolving into a global phenomenon after 2014. After the crypto market grew, investors faced the challenge of conversion risk as most liquid cryptos have high variability. Stablecoins, such as Tether, addressed volatility concerns and offered "crypto-fiat." Tether, the leading stablecoin, wielded influence over Bitcoin prices. Market data analysis revealed an inverse relationship between Tether and Bitcoin's price volatility. Tether's price stabilization is attributed to clearer backing policies post-2019. Research by Thanh et al. (2022) indicated USD-backed stablecoins' superior stability compared to algorithmic variants. Tether's negative correlation with other stablecoins positions it as a stable and solid choice. Larger market-cap stablecoins like USDT and USDC impact smaller ones. Additionally, USDT's trading volume increase positively correlates with heightened Bitcoin volatility, confirming prior findings. These dynamics continue shaping the evolving cryptocurrency landscape.

Smartphone Trading Technology, Investor Behavior, and Mutual Fund Performance

Using proprietary individual-level trading data around a natural experiment—the release of a smartphone trading app by a large investment advisor—this study investigates how smartphone trading technology affects retail investor behavior and mutual fund performance. App adoption by retail investors leads to an increase in investor attention and trading volume. App adopters’ flows become more sensitive to short-term fund returns and market sentiment, resulting in higher aggregate flow volume among adopters. The funds more exposed to the shock experience a greater decline in abnormal returns, likely attributable to higher fund flow volume and liquidity costs. As a result, both adopters and nonadopters experience a decline in their mutual fund investment returns. This paper was accepted by Lin William Cong, finance. Funding: The W. Edwards Deming Center and the Eugene Lang Entrepreneurship Center at Columbia University provided funding to support this research. Supplemental Material: The online appendices and data files are available at https://doi.org/10.1287/mnsc.2021.02099 .

The Role of Digital Accounting in Improving the Quality of Financial Reporting Information and Its Impact on the Accuracy of Financial Analysts’ Predictions: A Field Study

The main objective of the research is to study the role of digital accounting in improving the quality of financial reporting information and its impact on the accuracy of financial analysts’ forecasts in the Egyptian business environment. This ultimately leads to enhancing the relevance, reliability, consistency, comparability, and understandability of the accounting information contained in financial reports, which positively affects the accuracy of financial analysts’ predictions. Consequently, it stimulates investment activities in the Egyptian stock market, increases trading volume, and contributes to the achievement of Egypt’s Vision 2030. The research was based on a field study, and data was collected through survey questionnaires. The research sample consisted of (85) individuals, including internal auditors and accountants working in companies listed on the Egyptian Stock Exchange. The study also provided several recommendations, the most important of which is the necessity of adopting digital accounting in companies as one of the requirements of the digital age and the digital economy, so that they can meet the requirements for digital transformation and the establishment of a digital Egypt. Companies should also focus on providing the necessary technologies to implement digital accounting. Keywords: Digital Accounting, Quality of Financial Reporting Information, Accuracy of Financial Analysts’ Forecasts

Delamination of information disclosure and stock price synchronicity — Evidence from China’s NEEQ market

Information disclosure aids investor in better valuating firm, but how does stock price react to a better information disclosure environment? Using a policy shock in which information disclosure requirements are delaminated, we implement a difference-in-difference approach to evaluate how delaminated stocks behave differently compared to other stocks listed in a Chinese OTC market NEEQ. We find that this reduces the stock price synchronicity of those affected stocks, controlling other firm characteristics. Investors are motivated by the policy, as evidenced by the increased trading volume to the affected stocks, which serving a mediating role that affects the synchronicity of stock prices. We interpret the result that more firm-specific information is reflected in the price through transactions, hence the improved pricing efficiency of the delaminated stocks shows a decline of synchronicity.

Privacy regulations and economic efficiency: a dynamic perspective.

There are important public debates on how-or even whether-to regulate information about previous transactions in different markets. Examples are the regulation of cookies in online markets, secrecy laws in financial markets, and transparency directives in government purchases. In these debates, considerations of economic efficiency and fairness are central. Do more lenient information policies increase market efficiency? Do internet users benefit from cookies? Does more secrecy increase trade volume in financial markets? Does transparency on previous agreements deteriorate the bargaining power of public agencies? This essay sheds light on the answers to these questions using insights from economic theory. We do so by analyzing a simple, stylized setting where the incentives of different agents in the market will be clear. Our focus is on the dynamic effects of information regulations, as a trader's incentive to reveal or conceal information is driven by its future use by other traders. We use our setting to assess the implications of information regulations on behavior, trade efficiency, or social welfare.

Is soft information substitutive or complementary to hard news for investor attention? Evidence from corporate advertising in Japan

Corporate advertising is a type of soft information that may not directly target the financial markets but may attract investors’ attention. In this study, we consider television advertisements (TV ads) as soft information, whereas corporate news via disclosure and mass media as hard news. We explore the interactive effect of TV ads (soft information) with corporate news (hard news) on stock market outcomes. Based on daily market data with the multi-dimensional information sources, we find that TV ads significantly increase trading volume and returns, conditional on less corporate news being released. Our evidence supports the information substitution hypothesis that TV ads compete with corporate news owing to investors’ limited attention, while rejecting the complementary relationship between soft and hard information.

Price, Trade Volume and Return in the Ethereum Market: An ARDL Model

This research analyzes the price-setting behaviors of Ethereum, a digital currency and alternative payment system that has gained significant attention from investors. By employing symmetric and asymmetric causality tests, the study identifies the link between Ethereum's return, price, and volume from August 7, 2015, to November 30, 2020. The data obtained from CoinMarketCap.com consists of 1,940 observations suitable for analysis. The research employs ARDL, ARDL bound tests, and VECM to achieve its objectives. The findings indicate a significant and positive association between Ethereum's return, price, and trading volume in the short and long run. This suggests that as Ethereum's price and trading volume increase, it attracts more investors and leads to higher returns.

International Trade and Carbon Emissions: Evaluating the Role of Trade Rule Uncertainty

Based on textual data mining methods and global English articles, we develop an index for measuring the uncertainty of international trade rules and evaluating the role of trade rule uncertainty in the relationship between international trade and carbon emissions, via a mediating effect model. The empirical results show that: (1) Increasing trade volume in developing countries contributes to a rise in trade rule uncertainty, which in turn triggers trade conflicts and even trade wars between countries. (2) There are significant correlations between international trade and carbon emissions, and international trade impacts carbon emissions in both direct and indirect ways. (3) Trade rule uncertainty plays a mediating role in the relationship between international trade and carbon emissions. (4) Trade rule uncertainty significantly impacts carbon emissions in most developed and developing countries, but the impact is not significant in the USA. Our work not only contributes to extending measurements of uncertainty but also helps to quantify the impacts of trade rule uncertainty on carbon emissions.

Features and Evolution of Global Energy Trade Patterns from the Perspective of Complex Networks

As an integral part of economic trade, energy trade is crucial to international dynamics and national interests. In this study, an international energy trade network is constructed by abstracting countries as nodes and representing energy trade relations as edges. A variety of indicators are designed in terms of networks, nodes, bilaterals, and communities to analyze the temporal and spatial evolution of the global energy trade network from 2001 to 2020. The results indicate that network density and strength have been steadily increasing since the beginning of the 21st century. It is observed that the position of the United States as the core of the international energy market is being impacted by emerging developing countries, thus affecting the existing trade balance based on topological analysis. The weighted analysis of bilateral relations demonstrates that emerging countries such as China, Brazil, and Saudi Arabia are pursuing closer cooperation. The community analysis reveals that an increasing number of countries possess strong energy trade capabilities, resulting in a corresponding increase in energy trade volumes.

A tripartite evolutionary game model of ginger transaction under the “regulation + target price insurance ” policy

AbstractThis paper constructs a tripartite evolutionary game model of government, dealers, and ginger farmers under asymmetric price transmission and explores the impact of the target price insurance on the stabilization strategy of the tripartite evolutionary game. It is also demonstrated that farmers’ interests can be effectively protected under long‐term government regulation and issuance of reasonable insurance subsidy coefficients. Finally, the model is assigned according to the actual data to systematically reveal the factors affecting the decision of each actor. The research shows that: long‐term government regulation is necessary to effectively curb speculation, while the implementation of target price insurance can improve farmers’ trading position; the probability of government regulation and implementation is not only related to the cost and social benefits but also influenced by ginger trading volume, while the probability of ginger dealers choosing to hoard speculation increases with the increase of ginger trading volume.

Trade Contacts of Volga Bulgaria with the Mordvins in the 10th – Beginning of the 15th Century

The author publishes the results of studies of trade contacts between the Volga Bоlgars and Mordvins in the 10th – early 15th centuries. First of all, coin hoards are investigated, the number of coins found in burial grounds, as well as household items and inscriptions indicating the presence of trade contacts between the Bulgars, Tatars and Mordvins are analyzed. The findings of metal boilers and kettles among the Finno-Ugric peoples, primarily the Mordvins, who performed a sacred function, and their place in trade are analyzed. In addition, some data from written monuments are given, for example, "Tale of Bygone Years". Based on these sources, a comprehensive analysis of the changes in trade contacts between the Bulgars and Mordvins during the times of Volga Bоlgaria and the Golden Horde is carried out, data on their evolution, an increase in trade volumes and the reasons that led to this are given, a general description of the processes is given.

Ukrainian-Chinese Economic Relations in the Context of EU-China Relations: Perspectives on Post-War Development

This research provides a comprehensive analysis of Ukrainian-Chinese economic relations, focusing on the prospects for post-war development. It examines the process of post-war recovery in 1945 in Europe, emphasizing the significant role played by the Marshall Plan in stimulating economic revival.
 The study also investigates the dynamics of trade and economic relations between Ukraine and China from 2013 to 2021, analyzing trends in exports and the impact of external factors. During this period, there were notable developments in bilateral trade, reflecting the growing economic ties between the two nations. Ukrainian exports to China witnessed a steady increase, driven by the demand for agricultural products, metals, and other raw materials. Similarly, the share of Chinese exports in Ukraine’s overall trade portfolio expanded, indicating a strengthening trade relationship. Additionally, it explores the trade relationship between the European Union (EU) and China and identifies opportunities for Ukraine to become a strategic trade hub. The article contributes to the understanding of Ukrainian-Chinese economic cooperation, highlights challenges faced, and provides insights into potential pathways for future development.
 Due to the lack of official statistics in 2022 and considering the strategic goal of EU accession, we propose to examine the future Ukrainian-Chinese relations through the prism of EU-China trade relations. The EU is a significant exporter to China, supplying a wide range of goods, including machinery, equipment, vehicles, chemicals, pharmaceuticals, and agricultural products. Some EU countries, such as Germany, France, and the Netherlands, are traditional major exporters to China.
 The results of regression analysis using the gravity model indicate that the size of the economy, geographical distance, and trade openness are important factors influencing bilateral trade flows between the EU and China. The growth of the GDP of the EU and China contributes to the increase in trade volumes between them. However, there are issues such as trade imbalance, human rights compliance, and the impact of the “Belt and Road Initiative” on EU-China relations.