Petrushenko Y. The impact of the stock market on the real sector development in transition economy

The object – transformation processes in transition economy, the major gist is concentrated on the stock market development as an indispensable part of Ukrainian and other emerging economies market transformation. The aim – theoretical framework for stock market and real sector analysis, investigation the influence of stock market on real sector, the deduction of political economy recommendation for public policy stock market optimal regulation. Methods – the inductions and deductions, functional systematic and structural systematic approach, direct positive and negative feedback definitions, order interdependence approach, historical approach and mathematical economics methods. Novelty: the influence mechanism of stock market on the real sector development is defined as the set of feedback between stock market and real sector elements that allow stock market to regulate as well as assist real sector development; the direct and indirect nexus between stock market and real sector in emerging economies is deduced; for the purpose of stock market policy enhancing, general and specific government methods of stock market and real sector regulation are defined; taking into account institutional peculiarities of the stock market influence on the real sector transition it is concluded that the corporate bonds market is the powerful origin of investment attraction into the real sector of the economy of Ukraine. Sphere of usage – activity of government regulation, lectures, advanced courses in the stock market functioning and stock market regulation.