sabirJo saqmis safuZvlebi

sabirJo saqmis safuZvlebi sabirJo saqmis safuZvlebi

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safondo indeqsebis dasaxeleba maTi gamoTvlis meTodikis Semqmnelis an gamavrcelebeli sainformacio saagentos saxelwodebiT aris cnobili. mag., msoflioSi yvelaze aRiarebuli dou-jonsis indeqsi, dou-jonsis kompaniis mflobelis, Carlz dous mier aSS-Si 1884 wels gamoaqveynes. igi im drois 11 umsxvilesi samrewvelo kompaniis aqciaTa kursis saSualo maCvenebeli iyo. es indeqsi, birJis daxurvis momentisaTvis, yoveldRiuri kotirebis saSualo ariTmetikuli sididea. sabirJo indeqsis gasaangariSeblad gamoiyeneba saSualo ariTmetikuli da saSuali geometriuli meTodebi. pirveli meTodis gamoyenebis SemTxvevaSi, vaWrobis dasrulebis momentisaTvis, yvela emitentis aqciebis Rirebuleba ikribeba da miRebuli sidide Semadgeneli aqciebis raodenobaze iyofa. Sedegad miviRebT saSualo sidides, roca yovel aqcias erTnairi wona aqvs, miuxedavad misi gamomSvebi kompaniis sididisa da mimoqcevaSi moqceuli aqciebis raodenobisa. dou-jonsis indeqsi dResac am meTodiT gaiangariSeba. roca gamoiyeneba saSualo geometriuli meTodi, maSin aqciaTa Rirebuleba maT raodenobaze mravldeba da Sedegi aqciebis ricxvze iyofa. amasTan, sxvadasxva kompaniis aqciaTa gayidvis moculobaTa Soris sxvaoba, am SemTxvevaSic mxedvelobaSi ar miiReba. indeqsi SeiZleba gansazRvruli periodulobiT iqnes gaangariSebuli. kerZod: yoveli Tvis dasawyisSi; dadgenili droisaTvis da sxv. indeqsi, aRebuli izolirebulad, sxva indeqsebTan kavSiris gareSe, gansakuTrebul interess ar warmoadgens. isini faseulia maSin, roca sxvebs edareba da mocemul sferoSi ganviTarebis saerTo suraTi ixateba. 59

nawili II. sabirJo saqmis praqtikuli safuZvlebi ----------------------------------------------------------------------------- Tavi V. birJis daarseba da menejmenti 1. birJis damfuZneblebi da wevrebi nebismieri birJa nebayoflobiT da saqmianobis ganusaz- Rvreli vadiT iqmneba. amitom birJis damfuZneblebad im sainiciativo jgufis wevrebi iTvlebian, romlebic erTmaneTs Soris xelSekrulebas gaaformeben da am saqmis organizatorebad gamodian. birJis institucionaluri struqturaSi Sedis: safondo birJis damfuZneblebi; safondo birJis wevrebi; SidasabirJo marTvis organoebi. saqarTvelos kanoniT `sasaqonlo birJebisa da sabirJo vaWrobis Sesaxeb~ (me-9 muxli) sasaqonlo birJis dafuZnebis ufleba aqvs yvela fizikur da iuridiul pirs, garda: • saxelmwifo aRmasrulebeli xelisuflebis umaRlesi da adgilobrivi organoebis im saxelmwifo dawesebulebebisa (organizaciebisa), romelTa dafinanseba saxelmwifo biujetidan xdeba; • sabanko da sakredito organizaciebisa; • sadazRvevo da sainvesticio kompaniebisa; • sazogadoebrivi, religiuri da saqvelmoqmedo fondebisa da kavSirebisa (organizaciebisa); • fizikuri pirebisa, romlebsac saqarTvelos kanonmdeblobiT samewarmeo saqmianoba ekrZalebaT. sasaqonlo birJis TiToeuli damfuZneblis an wevris wili sawesdebo kapitalSi ar unda aRematebodes 25%-s. sasaqonlo birJis sawesdebo kapitali ar unda iyos 100 aTas larze naklebi. sasaqonlo birJis wevroba birJis wesdebiT dadgenili wesiT warmoiSoba. sasaqonlo birJis wevri ar SeiZleba iyos: • sxva birJis administraciis TanamSromeli; 60

safondo indeqsebis dasaxeleba maTi gamoTvlis meTodikis<br />

Semqmnelis an gamavrcelebeli sainformacio saagentos<br />

saxelwodebiT aris cnobili. mag., msoflioSi yvelaze aRiarebuli<br />

dou-jonsis indeqsi, dou-jonsis kompaniis mflobelis,<br />

Carlz dous mier aSS-Si 1884 wels gamoaqveynes. igi im<br />

drois 11 umsxvilesi samrewvelo kompaniis aqciaTa kursis<br />

saSualo maCvenebeli iyo. es indeqsi, birJis daxurvis<br />

momentisaTvis, yoveldRiuri kotirebis saSualo ariTmetikuli<br />

sididea.<br />

<strong>sabirJo</strong> indeqsis gasaangariSeblad gamoiyeneba saSualo<br />

ariTmetikuli da saSuali geometriuli meTodebi.<br />

pirveli meTodis gamoyenebis SemTxvevaSi, vaWrobis<br />

dasrulebis momentisaTvis, yvela emitentis aqciebis<br />

Rirebuleba ikribeba da miRebuli sidide Semadgeneli<br />

aqciebis raodenobaze iyofa. Sedegad miviRebT saSualo<br />

sidides, roca yovel aqcias erTnairi wona aqvs, miuxedavad<br />

misi gamomSvebi kompaniis sididisa da mimoqcevaSi moqceuli<br />

aqciebis raodenobisa. dou-jonsis indeqsi dResac am meTodiT<br />

gaiangariSeba.<br />

roca gamoiyeneba saSualo geometriuli meTodi, maSin<br />

aqciaTa Rirebuleba maT raodenobaze mravldeba da Sedegi<br />

aqciebis ricxvze iyofa. amasTan, sxvadasxva kompaniis aqciaTa<br />

gayidvis moculobaTa Soris sxvaoba, am SemTxvevaSic<br />

mxedvelobaSi ar miiReba.<br />

indeqsi SeiZleba gansazRvruli periodulobiT iqnes<br />

gaangariSebuli. kerZod: yoveli Tvis dasawyisSi; dadgenili<br />

droisaTvis da sxv.<br />

indeqsi, aRebuli izolirebulad, sxva indeqsebTan<br />

kavSiris gareSe, gansakuTrebul interess ar warmoadgens.<br />

isini faseulia maSin, roca sxvebs edareba da mocemul<br />

sferoSi ganviTarebis saerTo suraTi ixateba.<br />

59

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