GENESIS OF THE GENDER SENSITIVE INVESTMENT IN THE GLOBAL CAPITAL FLOW
DOI:
https://doi.org/10.32999/ksu2307-8030/2021-44-3Keywords:
global investments, gender sensitive investment, global capital flow, concepts, digital transformation, inclusion, self-identificationAbstract
The concept of global investments has been characterized through diverse approaches in different classical and neoclassical schools of thought. As of today, the most common concepts in understanding global capital flow altogether and global investments as its part needs an urgent update. Due to a major shift in the communication patterns, the generation gap between the now retiring Baby boomers and Gen X and the newcomers Gen Y and Gen Z and their values being the main driver of change, as well as the most rapid digital transformation the world has ever seen, the theoretical groundwork to understanding the global capital flow and investments needs to be revised. This article aims to analyse the fundamental theoretical work on genesis of the term investment in the global capital flow. The author guides through the brief history of the evolution of investment and gives an overview of the most prominent concepts of the movement and regulation of foreign direct investments throughout the Ukrainian and global economic thought. The article considers different approaches and methods that have been applied to understand investments in its traditional meaning, as well as the reasons to existing of several approaches. The main five hypothesis are mentioned, which are believed to classify the motion and regulation of the global capital flow. The main components and functions of the global capital market are summarized and such categories as the depth of the capital market are explained. The article points to the problem of the asymmetry and biases inside the capital market. The author explains reasons for development of novice ideas in the economic thought due to an urgent need of redesigning economic processes based on the self-identification of an individual and their internal motives for economic decision-making. The current trend of implementing social responsibilities throughout the investment process is also mentioned in the publication. The article gives a prognosis of the future transformations and adaptations of the global capital flow due to the change in generations to the merit of digitalization and inclusiveness, as well as gender balance.
References
Rubinstein, M. A History of the Theory of Investments. P. 386.
Markowitz Harrg M. Portfolio Selection. Efficient Diversification of Investments. New York: Wiiey, 1956.
Modigliani F. and M. Miller. The Cost of Capital, Corporation, Finance and Theory of Investment. American Economic Review, 48, 1958.
Frank J. Fabozzi, Franco Modigliani, Frank Jones, Foundations of Financial Marjets and Institutions – 4th ed., 2009.
Sharpe W.F. (1964) Capital Asset Priccs: A Theory of Market Equilibrium under Conditions of Risk. Journal of Finance, 3.
Sharpe W. Investment. New York: Prentice Hall, 1985.
Tatarenko N.O., Poruchnyk A.M. (2000) Teoriii investytsiy: Navch. posibnyk [Theories of investments]. Kyiv: KNEU, 160 p. (in Ukrainian)
Rohach O.I. (2005) Mizhnarodni investytsiii [International investments]: Teoriya i praktyka biznesu transnatsionalnykh korporatsiy: pidruchnyk. Kyiv: Lybid, 720 p. (in Ukrainian)
Mayorova T.V. (2009) Investytsiyna diyalnist [Investment activity]: pidrch. [dlya stud. vyshch. navch. zakl.]. Kyiv: Tsentr uchbovoii literatury, 472 p. (in Ukrainian)
J.М. Keynes. General Theory of Employment, Interest and Money. Collected Writings of Jjhn Maynard Keynes, vol. VII, London: Macmillan, 1973.
Lukyanenko D., Kolesov V., Kolot A., Stoliarchuk Ya. i dr. (2013) Globalnoe ekonomicheskoe rasvitie: monografiia [Global economic development]: tendentsii, assimetrii, regulirovanie]. Kyiv: KNEU, 466, [2] p. (in Russian)
Lukyanenko D.H., Poruchnyk A.M., Kolot A.M., Stolyarchuk Ya.M. ta in (2011) Resursy ta modeli hlobalnoho ekonomichnoho rozvytku: monohrafiia [Ressouces and models of the global economic development] / za zah. red. Doktoriv ehon. nauk, profesoriv професорів D.H. Lukyanenka, A.M. Poruchnyka. Kyiv: KNEU, 703, [1] p. (in Ukrainian)
George a. Akerlof, Rachel e. Kranton. Economics and identity. Quarterly journal of economics. Vol. CXV August 2000 Issue
Davis J. (2007) Akerlof and Kranton on Identity in Economics: Inverting the Analysis. Cambridge Journal of Economics. Vol. 31. P. 349–362.
CFA Institute, ESG Investing and Analysis. Available at: https://www.cfainstitute.org/en/research/esg-investing (accessed 05.06.2021)
Generation Z characteristics and its implications for companies | McKinsey: Available at: https://www.mckinsey.com/industries/consumer-packaged-goods/our-insights/true-gen-generation-z-and-its-implications-for-companies (accessed 12.11.21)
Tereshchenko O.O. (2011) Kontrolinh povedinky v kontseptsiii bikheviorystychnykh finansiv. Finansy Ukrajiny. No. 10. P. 104–116. (in Ukrainian)
Illyashenko P. (2017) Povedinkovu finansy: istorychnyi ohliad i osnovni zasady. Visnyk natsionalnoho banku Ukrajiny. P. 30–57. (in Ukrainian)
Solodukhin S.V., Shaitaniova Ye.S. (2017) Suchacni pidkhody do analizu vplyvu povedinkovykh faktoriv v upravlinni ekonomichnymy objektamy. Naukovyi visnyk Uzhhorodskoho natsionalnoho universytetu. Seriia : Mizhnarodni ekonomichni vidnosyny ta svitove hospodarstvo. No. 15(2), p. 129–132. (in Ukrainian)
Rubinstein, M. A History of the Theory of Investments. Р. 386.
Markowitz Harrg M. Portfolio Selection. Efficient Diversification of Investments. New York : Wiiey, 1956.
Modigliani F. and M. Miller. The Cost of Capital, Corporation, Finance and Theory of Investment. American Economic Review. 1958. № 48.
Frank J. Fabozzi, Franco Modigliani, Frank Jones, Foundations of Financial Marjets and Institutions – 4th ed., 2009
Sharpe W.F. Capital Asset Priccs: A Theory of Market Equilibrium under Conditions of Risk. Journal of Finance. 1964. № 3.
Sharpe W. Investment. New York : Prentice Hall, 1985.
Татаренко Н.О., Поручник A.M. Теорії інвестицій : навчальний посібник. Київ : КНЕУ, 2000. 160 с.
Рогач О.І. Міжнародні інвестиції: Теорія і практика бізнесу транснаціональних корпорацій : підручник. Київ : Либідь, 2005. 720 с.
Майорова Т.В. Інвестиційна діяльність : підручник. Київ : Центр учбової літератури, 2009. 472 с.
Keynes J.М. General Theory of Employment, Interest and Money. Collected Writings of John Maynard Keynes, vol. VII, London : Macmillan, 1973.
Глобальное экономическое развитие: тенденции, ассиметрии, регулирование : монография / Д. Лукьяненко и др. ; под науч. ред. проф. Д. Лукьяненко, А. Поручника, В. Колесова. Київ : КНЭУ, 2013. 466 с.
Ресурси та моделі глобального економічного розвитку : монографія / Д.Г. Лук’яненко та ін. ; за заг. ред. докт. екон. наук, проф. Д.Г. Лук’яненка та А.М. Поручника. Київ : КНЕУ, 2011. 703 с.
George А. Akerlof, Rachel e. Kranton. Economics and identity. Quarterly journal of economics. Vol. CXV August 2000 Issue.
Davis, J. Akerlof and Kranton on Identity in Economics: Inverting the Analysis. Cambridge Journal of Economics. 2007. Vol. 31. Р. 349–362.
CFA Institute, ESG Investing and Analysis. URL: https://www.cfainstitute.org/en/research/esg-investing (дата звернення: 05.06.2021).
Generation Z characteristics and its implications for companies. McKinsey. URL: https://www.mckinsey.com/industries/consumer-packaged-goods/our-insights/true-gen-generation-z-and-its-implications-for-companies (дата звернення: 07.11.2021).
Терещенко О.О. Контролінг поведінки в концепції біхевіористичних фінансів. Фінанси України. 2011. № 10. C. 104–116.
Ілляшенко П. Поведінкові фінанси: історичний огляд і основні засади. Вісник Національного банку України. 2017. C. 30–57.
Солодухін С.В., Шайтанова Є.С. Сучасні підходи до аналізу впливу поведінкових факторів в управлінні економічними об’єктами. Науковий вісник Ужгородського національного університету. Серія : Міжнародні економічні відносини та світове господарство. 2017. № 15. Ч. 2. C. 129–132.
