Baltic States Stock Market Listed Companies’ Absolute Value Indicators Analysis

Proceedings of ‏The 3rd International Conference on Research in Management and Economics

Year: 2020

DOI:

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Baltic States Stock Market Listed Companies’ Absolute Value Indicators Analysis

Aija Pilvere-Javorska, Irina Pilvere, Baiba Rivza, Peteris Rivza

 

ABSTRACT: 

Financial capital in companies is diverse: it can be own resources, bank funding, state support, as well as funds of investor (risk capital, securities, private investments). Stock market is a subsystem of financial capital market and is a necessary element for development of companies and, thus economy. In Baltic States capital market is relatively new and small. Bank loans dominate in attracting financing in the Baltic States, and there has been limited research on overall the Baltic States stock market listed companies’ profile and financial standing. Therefore, it is necessary to analyze the stock market in the Baltic States as a whole. Therefore, the aim of the present research is to perform Baltic States stock market listed companies’ absolute value indicators thorough analysis using factor un cluster analysis. The research results showed that Baltic States stock market 50 listed companies’ 20 absolute value indicators comprehensive factor analysis aloud to conclude that this market is relatively homogeneous, but has a small number of very large companies with significantly different performance indicators, this was confirmed by cluster analysis outcome, allowing to define average Baltic States stock market listed company profile. The results of this analysis could be used for policy making to stimulate Baltic States stock market development in the future.

Keywords: stock market, listed companies, financial analysis, factor, and cluster analysis.