DEVELOPMENT OF THEORETICAL APPROACHES OF “INVESTMENT BANKING” TERM: UKRAINIAN AND FOREIGN EXPERIENCE
Abstract
At the present stage of economic relations in the world the research of the specialized banks in the financial market that specialize on providing investment banking services is the crucial research problem. The current transformation of the global financial architecture encourages the development of of universal growing trend towards specialization of most financial intermediaries. This article underlines the comparative analysis of the term “investment banking”, which is investigated by economists in foreign and Ukrainian scientific literature. The paper presents unique authors’ definition of “investment banking” term, which is adapted to the specific situation in this sphere in Ukrainian banking sector, including basic criteria for such activities, such as the activities background, objectives, determining aggregate functions, which are included in the system of “investment banking” activities.
References
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Capizzi, V., Giovannini R. and Chiesti G. M. (2010), “Investment Banking Services: Ownership Structures, Financial Advisory and Corporate Governance Models,” International Journal of Business Administration, 1 (1), 49. (In English)
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Singh, S., Sharma G. and Mahendru M. (2011), An Appraisal of Investment Banking in India, http://dx.doi.org/10.2139/ssrn.1854247. (In English)
Tuch, А. F. (2006), “Investment banking: immediate challenges and future directions,” Commercial Law Quarterly, 20 (4), 37–46. (In English)
Leonov, S. V. and Kozmenko S. M., Problems and prospects of specialized investment banking, http://www.academy.sumy.ua/images/stories/docs/K_BOA/Leonov_9.pdf. (In Ukrainian)
