Semonenko V. Formation of competitive environment in the public sector services sphere of economy in conditions of market transformation

The object of research: the processes of stock market formation and development under market transformation conditions and stock market development in the countries with developed economy. The aim of research: economic analysis of the essence, kinds, reasons, consequences of existence of stock market transaction costs and their peculiarities under market transformation conditions. Methods of research: institutional, systems, historical, statistical, comparative, causal analysis. Results, novelty: theoretical view of the essence and significance of transaction costs of stock market formation and development in the countries with developed market and transformation economy has been expanded; a set of recommendations directed to an increase in effectiveness of stock market formation and development processes under market transformation conditions has been proposed