Template-type: ReDIF-Article 1.0
Author-Name: Alexander E. Abramov 
Author-Workplace-Name: Russian Presidential Academy of National Economy and Public Administration
Author-Name: Alexander D. Radygin 
Author-Workplace-Name: Gaidar Institute for Economic Policy; Russian Presidential Academy of National Economy and Public Administration
Author-Name: Maria I. Chernova 
Author-Workplace-Name: Russian Presidential Academy of National Economy and Public Administration
Author-Name: Andrey G. Kosyrev 
Author-Workplace-Name: Russian Presidential Academy of National Economy and Public Administration
Title: Role of Institutional Environment in Increasing Capitalization
Title: Роль институциональной среды в повышении капитализации российского рынка акций
Abstract: Starting in 2022, the question of restarting the growth of the stock market for Russian companies in the face of sanctions and uncertainties in the global financial market has become of paramount importance. This research article examines the influence of macroeconomic and institutional factors on the capitalization of stock markets in 79 countries from 1982 to 2021. The study provides evidence for the role of institutional factors in the growth strategy of the Russian stock market.
Keywords: capitalization, property rights protection, state participation in the economy, Russian stock market
Classification-JEL: G18, G32, G38, P14, P26
Journal: Russian Economic Developments
Year: 2023
Issue: 6
Month: June
Pages: 36-46
File-URL: http://www.iep.ru/files/RePEc/gai/recdev/r2349.pdf
File-Format: Application/pdf
Handle: RePEc:gai:recdev:r2349