FINANCE. TAXES. CREDIT УДК 336.761 JEL: G21, G28, G32, K22 1PrJSC "Stock Exchange "Perspektiva", Research ID : http://www.researcherid.com/rid/ EQUITY MARKET AS ECONOMIC AND INSTITUTIONAL PHENOMENON: UKRAINE FROM THE PERSPECTIVE OF INTERNATIONAL REALITY The factors of appearance and development of the equity market as an economic and institutional phenomenon have been defined from the origin of the investment economy to the system of the mutual interest maintenance of issuers and investors via public proposition of the stocks to the unforeknowable and unlimited range of the participants and the fair exchange pricing. The observation of interests’ equation in the key legal relations (between the issuers and investors, between the dominant and the minor shareholders) via the maintenance of the stock objective price through the effective institutional environment (legislative, legal, and regulatory mechanisms) are proposed to be the conditions of the origin and existence of the equity market phenomenon. Keywords:capital market; stock exchange; issues; issuer; equity market; stock company; public proposition; free float; squeeze-out; market capitalization.
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