Market Capitalization of Companies: World and Domestic Tendencies

Kateryna Bagatska () and Bohdana Piuro ()
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Kateryna Bagatska: National University of Food Technologies, Kyiv, Ukraine
Bohdana Piuro: National University of Food Technologies, Kyiv, Ukraine

Oblik i finansi, 2017, issue 1, 112-119

Abstract: The article is devoted to the analysis of world development tendencies of market capitalization at macro level and companies' level, evaluation of market capitalization of Ukrainian companies and substantiation of preconditions that ensure its growth. Dynamics of the market capitalization in the world over the past fifteen years is reveled. It is established that in 2014-2015 world market capitalization was almost 100 % of global gross domestic product indicating great weight of the stock market in the world economy. Analysis of the major industries that have the highest market capitalization in the world, showed significant dominance of the financial sector of oil and pharmaceutical companies. However, the results of evaluation of ratings of companies in the size of capitalization show leadership of companies of communication and technological sectors. It is determined that in Ukraine, the level of market capitalization of companies is rather low and leaders of capitalization are enterprises of commodity and banking sectors. Based on the performed sectorial evaluation of the level of capitalization of domestic companies it is emphasized that the presence of highly capitalized agricultural and food companies will not save Ukrainian economy from low general market capitalization.

Keywords: market capitalization; international and Ukrainian companies; sectors of economy; stock market; capital (search for similar items in EconPapers)
JEL-codes: G15 G31 (search for similar items in EconPapers)
Date: 2017
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