Subject. The article focuses on the analysis of changes in the corporate bond market in Russia against the background of global geopolitical shifts. Objectives. The purpose of the work is to identify factors influencing the international situation on the market and develop recommendations for its adaptation and stabilization. Methods. The study employs methods of comparative and factor analysis, as well as a review of current trends. Results. Despite the existing risks and instability, the bond market is able to adapt through the development of internal mechanisms and government support. Conclusions. The paper emphasizes the need for further research of external and internal factors affecting the Russian corporate bond market and offers strategies to strengthen its stability and attractiveness to investors.
Keywords: corporate bond market, geopolitics, adaptation, investments
References:
Fabozzi F., Wilson R.S. Korporativnye obligatsii: struktura i analiz [Corporate Bonds: Structure and Analysis]. Moscow, Al'pina Pablisher Publ., 2022, 444 p.
Eichengreen B., Luengnaruemitchai P. Why Doesn't Asia Have Bigger Bond Markets? NBER Working Paper, 2004, no. 10576.
Burger J.D., Warnock F.E. Local Currency Bond Markets. IMF Staff Papers, 2006, vol. 53.
Astapov K.L. [Russian financial market development strategic initiatives under sanctions and in the aftertime]. Mir novoi ekonomiki = World of New Economy, 2022, vol. 16, no. 4, pp. 99–112. URL: Link (In Russ.)
Erofeeva T.M. [Predicting the yield spreads on Russia’s debt market]. Vestnik Moskovskogo universiteta. Seriya 6. Ekonomika = Moscow University Economics Bulletin, 2021, no. 6, pp. 54–76. URL: Link (In Russ.)
Berzon N.I. [Dependence of risk and profitability of financial instruments on time horizon of investment]. Universitetskoe upravlenie: praktika i analiz = University Management: Practice and Analysis, 2008, no. 3, pp. 65–72. URL: Link (In Russ.)
Balyuk I.A. [Corporate bond market: International experience and Russian practice]. Finansy: teoriya i praktika = Finance: Theory and Practice, 2019, vol. 23, no. 2, pp. 74–83. URL: Link (In Russ.)
Savalei V.V. [The corporate bond market in Russia: Specifics of segmentation and expansion opportunities]. Vestnik OmGU. Seriya: Ekonomika. =Herald of Omsk University. Series: Economics, 2021, no. 3, pp. 38–49. (In Russ.) URL: Link
Koroleva E.V., Kopeikin M.L., Popova S. [Assessment of the impact of the macro environment on the yield of corporate bonds in developed countries]. Vestnik Akademii znanii = Bulletin of the Academy of Knowledge, 2023, no. 2, pp. 332–337. URL: Link (In Russ.)
Antyukhov A.Yu., Guseva I.A. [The role and development prospects of substitutive bonds on the Russian stock market]. Finansovye rynki i banki = Financial Markets and Banks, 2023, no. 5, pp. 97–102. URL: Link (In Russ.)
Rudenko S.A. [Bonds of Russian companies in yuan – new investment opportunities]. Finansovyi biznes = Financial Business, 2022, no. 11, pp. 180–183. (In Russ.)
Aleshina A.V., Bulgakov A.L., Maksimova A.I. [Financing of the company through the issuance of shares, bonds, loans and other methods]. Innovatsii i investitsii = Innovation and Investment, 2022, no. 3, pp. 86–90. URL: Link (In Russ.)
Afanas'ev M.P., Fam T.D.Ch., Shash N.N. [Financial sector prospective public regulation (the case of Russian economy)]. Voprosy gosudarstvennogo i munitsipal'nogo upravleniya = Public Administration Issues, 2022, no. 3, pp. 87–113. URL: Link (In Russ.)
Gurov I.N., Burdin T.T. [Risk assessments of inflation-protected corporate bonds based on financial modeling and the application of the Monte Carlo method]. Innovatsii i investitsii = Innovation and Investment, 2022, no. 1, pp. 89–94. URL: Link (In Russ.)
Averin N.S. [Analysis of the infrastructure bonds market in the Russian Federation]. Finansovye rynki i banki = Financial Markets and Banks, 2022, no. 9, pp. 32–36. URL: Link (In Russ.)
Chalenko D.D., Mballa N.Zh.F. [The impact of macroeconomic factors on the structure and dynamics of the Russian stock market: Institutional aspects]. Finansovye rynki i banki = Financial Markets and Banks, 2022, no. 3, pp. 82–85. URL: Link (In Russ.)
Prokhorov V.V., Rozhnov I.P., Erygin Yu.V. [Financial support for the development of the northern territories of the country]. Vestnik Universiteta, 2023, no. 6, pp. 171–176. URL: Link (In Russ.)
Kondrina A.M. [Sources of financing of small and medium-sized businesses in Russia]. Ekonomika i biznes: teoriya i praktika = Economics and Business: Theory and Practice, 2023, no. 11-2, pp. 65–67. URL: Link (In Russ.)
Bryzgalova M.A., Vinshu D.V., Shulekina E.N. [The issue of bonds as a source of financing the activities of small and medium-sized businesses]. Finansovye rynki i banki = Financial Markets and Banks, 2021, no. 12, pp. 86–91. URL: Link (In Russ.)
Ageeva S.D. [Financialization and strengthening of the State influence in Russia]. EKO = ECO, 2022, no. 3, pp. 108–129. URL: Link (In Russ.)
Polyakova T.N [The Russian market of exchange-traded bonds: Placement analysis]. Vestnik Instituta ekonomiki Rossiiskoi akademii nauk = Bulletin of Institute of Economics of Russian Academy of Sciences, 2022, no. 5, pp. 97–118. URL: Link (In Russ.)