Modern theoretical approaches to the stock market trade networks determination

Olga Volodymyrivna Kopylova


Introduction.  Modern development of international economic relations, including financial ones, is marked by spreading of integration and globalization processes.  Intensive research and implementation of new technologies, their wide application at the international financial markets and international integration have become a major factors of changes in the global financial space structure.

Goal. The purpose of the article is to  define the nature of stock market trade networks, their structure, elements and principles of their functioning.

Results.  The basic approaches to the international stock markets analysis (systemic, institutional and network) are investigated.  It has been detected that the application of the social networks theory is expedient for studying the scheme of modern stock market infrastructure.  Stock market trade network category has been introduced as a system of organizations and institutions of immaterial sphere of production (nodes) that provides the communication of the stock market elements in order to minimize information asymmetry, transaction costs and risks in time and space.  The structure of the stock market trade networks and their characteristics are given.  The basic principles of the stock market trade networks construction are formulated. They are the degree of the global financial space integration; the possibility of further transition to the highest level; the principle of irreversibility; the principle of self-preservation.  Further expedience of stock market trade networks studies for the full value integration of Ukraine into the global financial space is reasoned. 


stock market; trade networks; the stock market infrastructure; globalization

Full Text:



Galenko, N. O. (2010). Analysis of international stock market as an economic system during the financial crisis. Retrieved from: http://ir.

Bourdieu, P. (2005). The Social Structures of the Economy. Front Cover. Pierre Bourdieu. Polity, Apr 22, Business & Economics.

Guattari, P. -F., Deleuze, G. (1998). What is philosophy? M., Іnstitute of experimental sociology, Spb., Aletheia, 288 p.

Granovetter, M. S. (1973). The Strength of Weak Ties. American Journal of Sociology, Volume 78, Issue 6 (May, 1973), p. 1360–1380.

Jackson, M. O. (2008). Social and Economic Networks, Retrieved from:

Castells, M. (1999). The Rise of the Network Society. The Information Age: Economy, Society and Culture, Retrieved from: http://iir-mp.

Savel'eva, T. P. (2012). Modern network society: problems of definition. Modern society, 1, 87-92. Retrieved from:

Castells, M., Himanen, P. (2006). The Information Society and the Welfare State: The Finnish Model, Kyiv.

Williamson, O. E. (1996). The Economic Institutions of Capitalism, Spb.

Article Metrics

Metrics Loading ...

Metrics powered by PLOS ALM


  • There are currently no refbacks.

Copyright (c) 2017 Ekonomichnyy analiz


Articles are distributed under Creative Commons Attribution  International 4.0 (CC-BY-NC 4.0) 

Science Works Journal "Ekonomichnyy analiz"

ISSN 1993-0259 (Print)  ISSN 2219-4649 (Online) DOI: 10.35774/econa

© West Ukrainian National University

© «Ekonomichnyy analiz», 2007-2023