Yuliia V. Yelnikova, Asiiat A. Sheliuk
Informational Asymmetry Neutralization at the Responsible Investment Markets: World Experience
(original language – Ukrainian)
Responsible investment markets are an important source of funding for sustainable development initiatives and a dynamic segment of the financial market, which, incidentally, is not deprived of information asymmetry. The presence of unfavorable selection mechanisms and opportunistic behavior of managers in the responsible investment markets distorts market mechanism and transparency of the market environment. In the context of increasing information transparency of responsible investment markets, global rating practices are summarized as a method of neutralizing information asymmetry in responsible investment markets and its key instruments are disclosed. The analysis of rating status in the markets for responsible investment in terms of rating products, the structure of rating issuers, target audience – stakeholders and key ESG-criterions allowed us to conclude that the importance of this method of neutralizing information asymmetry.
Key words: responsible investment market, information asymmetry, sustainable development, rating of responsible investments.
Placed in №4, 2017.
Affiliations:
YULIIA V. YELNIKOVA, C.Sc. (Economics), Assistant Professor of Department of Accounting and Тax, Educational and Scientific Institute of Business Technologies «UAB» Sumy State University
ASIIAT A. SHELIUK, C.Sc. (Economics), Assistant Professor of Department of International economy, Educational and Scientific Institute of Business Technologies «UAB» Sumy State University
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