The Influence of the US Stock Market on the Institutional Security Strategy of the Management of Innovative Development

The innovative development of the USA is a complex process and includes many industries and sectors of the economy. The stock market has an unbridled influence on innovation. The current institutional security strategy of innovation development management depends on how effective the stock market is. The article reveals the cyclical growth of the US stock market, the regularity of changes and interdependence of cycles, as well as a decrease in the duration of the corresponding cycles through the intensification of regulation by the US government.

The article considers a hypothesis about the accelerating growth of the US stock market. This hypothesis has a right to exist due to the emergence of significant growth factors in the relevant market in recent years. The list of these factors has been clarified. The study of the corresponding hypothesis was carried out by assessing the dynamics of the S & P500 stock index over a distance of 80 years.

It has been determined that stock market growth hypothesis is confirmed only at 40-year intervals. At shorter time intervals, the corresponding hypothesis has not been confirmed.

The conclusions obtained in the article and the proposed methodology for the analysis of the US stock market will be useful for the formation of a state policy strategy for increasing the institutional security of the country’s innovative development management.