(Systemic Risk in Capital Market and Investor Protection)

2009 ◽  
Author(s):  
Jaeuk Khil ◽  
Young Seog Park ◽  
Jinyoung Shin
Keyword(s):  
Capital Market ◽  
Systemic Risk ◽  
Investor Protection

Global Algorithmic Capital Markets

2018 ◽  
Keyword(s):  
Public Policy ◽  
Capital Markets ◽  
Systemic Risk ◽  
High Frequency ◽  
Investor Protection ◽  
High Frequency Trading ◽  
Market Making ◽  
Market Governance ◽  
Policy Objectives ◽  
The Impact

This book illustrates and assesses the dramatic recent transformations in capital markets worldwide and the impact of those transformations. ‘Market making’ by humans in centralized markets has been replaced by supercomputers and algorithmic high frequency trading operating in often highly fragmented markets. How do recent market changes impact on core public policy objectives such as investor protection, reduction of systemic risk, fairness, efficiency, and transparency in markets? The operation and health of capital markets affect all of us and have profound implications for equality and justice in society. This unique set of chapters by leading scholars, industry insiders, and regulators sheds light on these and related questions and discusses ways to strengthen market governance for the benefit of society at large.

scholarly journals Systemic Risk and Dynamics of Stock Prices: A Short and Long Run Analysis from Nigeria Capital Market

2019 ◽  
Vol 1 (1) ◽  
pp. 1-19
Author(s):  
Fortune Bella Charles ◽  
Charles Ugochukwu Okoro
Keyword(s):  
Capital Market ◽  
Systemic Risk ◽  
Stock Prices ◽  
Stock Exchange ◽  
Liquidity Risk ◽  
Exchange Rate Risk ◽  
Operating Environment ◽  
Rate Risk ◽  
Negative Effect ◽  
Dynamics Of Stock Prices

This study examined the effect of systemic risk on the dynamics of stock prices in Nigeria capital market. The objective was to investigate the dynamic effect of systemic risk on stock prices traded on the floor of Nigeria stock exchange. Time series data was sourced from Central Bank of Nigeria Statistical Bulletin from 1990-2017.  Stock prices were modeled as the function of prices risk, liquidity risk, interest rate risk and exchange rate risk. Multiple regression with ordinary least square properties of co-integration was used to examine the relationship between the dependent and the independent variables. The study found  price and liquidity risk have positive effect on stock price while interest rate and exchange rate risk have negative effect on stock prices of equities traded on Nigeria stock exchange. It concludes that systemic risk has significant effect on stock prices and recommends, among others, that the management of the capital market should ensure that the operating environment is risk minimum to ensure appreciable stock prices by developing strategies and policies aim at managing the systematic risk in the operating environment and engage a regular environmental impact assessment on systemic risk, to avert it’s negative effect on stock prices.

scholarly journals Penyelenggara Dana Perlindungan Pemodal Bagi Investor Dalam Transaksi Saham Pada Pasar Modal

Media Iuris ◽  
2019 ◽  
Vol 2 (2) ◽  
pp. 157
Author(s):  
Mohammad Solehodin Attijani
Keyword(s):  
Capital Market ◽  
Financial Services ◽  
Investor Protection ◽  
Systemic Effect ◽  
Good Knowledge ◽  
Compensation Claims ◽  
The Capital Market

AbstractInvestors who want to invest in the capital market in Indonesia, which include securities in the form of shares, need to have a good knowledge of investment objects because basically all investments contain risk and there is no guarantee of getting profits. Investor protection fund operators have the main goal of forming investor protection funds to increase protection and trust that investors’ assets are safe without being worried about the inability of securities companies to fulfill their obligations. The capital market can fail due to loss of investor distrust caused by the failure or bankruptcy of securities companies, resulting in a systemic effect that can reduce the reliability of the capital market industry. Through the organizer of the protection fund investors will provide compensation claims to investors who are victims of violations and securities crimes, not from loss of personal transactions. Investors whose assets receive investor protection funds are investors who meet the requirements set by the financial services authority.Keywords  :  Organizers of Investor Protection Funds, Investor Compensation Claims AbstrakInvestor yang ingin berinvestasi pada pasar modal di Indonesia, yakni antara lain surat berharga berbentuk saham, perlu memiliki pengetahuan yang baik mengenai obyek investasi karena pada dasarnya semua investasi mengandung risiko dan tidak ada jaminan pasti mendapatkan keuntungan. Penyelenggara dana perlindungan pemodal mempunyai tujuan utama membentuk dana perlindungan pemodal untuk meningkatkan perlindungan dan kepercayaan bahwa aset investor aman tanpa dihinggapi rasa khawatir atas ketidakmampuan perusahaan efek dalam memenuhi kewajibannya. Pasar modal dapat mengalami kegagalan akibat hilangnya ketidakpercayaan pemodal yang disebabkan kegagalan atau kebangkrutan perusahaan efek, sehingga menimbulkan efek sistemik yang dapat menjatuhkan kridibilitas industri pasar modal. Melalui penyelenggara dana perlindungan pemodal akan memberikan klaim ganti rugi kepada investor yang menjadi korban dari pelanggaran dan kejahatan sekuritas, bukan dari kerugian transaksi pribadi. Investor yang asetnya mendapat dana perlindungan pemodal adalah investor yang memenuhi persyaratan yang telah ditentukan otoritas jasa keuangan.Kata Kunci :  Penyelenggara Dana Perlindungan Pemodal, Klaim Ganti Rugi Investor

scholarly journals The Willingness to Invest Under The New Compensation Limit of Investor Protection Fund in Capital Market : Evidence from Indonesia

2017 ◽  
Vol 2 (No. 2 Oct 2017) ◽  
pp. 49-56
Author(s):  
Wardatul Adawiyah
Keyword(s):  
Regression Analysis ◽  
Capital Market ◽  
Field Survey ◽  
Investor Protection ◽  
Education Level ◽  
Regression Result ◽  
Significant Negative Effect ◽  
Initial Hypothesis ◽  
Negative Effect ◽  
Positive Effect

This paper aims to see the willingness of people, both existing investor and non-investor, to invest their money in capital market after the new regulation about new compensation limit of investor protection fund. Moderated regression analysis is used to analyze the willingness to invest in existing investors and non-investors. The data are from a field survey of 110 respondents. The regression result shows that the expenditure and education level of existing investor is negatively and significantly associated with the willingness to invest under the new compensation limit of investor protection fund in capital market, contrary to our initial hypothesis. As well as existing investor side, the expenditure variable of non-investor has statistically significant negative effect on the non-investor willingness to invest. Confirming this study initial hypothesis, education level of non-investor has positive effect on the non-investor willingness to invest but the effect is not statistically significant.

scholarly journals Capital Market Products and Investor Protection

2018 ◽  
Vol XXI (Issue 2) ◽  
pp. 714-727
Author(s):  
Hamzah ◽  
Aripin Ahmad
Keyword(s):  
Capital Market ◽  
Investor Protection
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