The Effect of Corporate News on stock prices

Student: Bulamu Erik

Supervisor: Sergey M. Menshikov

Educational Programme: Economics (Bachelor)

Year of Graduation: 2016

The aim of this paper is to determine the effect of corporate news on stock prices in accordance with the type of news. In the first chapter there are investigations in which the influence of corporate news on stock prices was found. The corporate news was separated into different groups. There are publications of financial statements, announcement of dividends, news about mergers and acquisition, news about the changes in top management, news about buyback of shares, news about financing the company. And after that all groups of news were separated into negative and positive news. The type of the reaction can differ and depends on the kind of news. In the second chapter the 719 corporate news of the twenty russian companies were analyzed over the period from 2012 to 2015 using the event study method. The third chapter shows the results of the investigation.

Student Theses at HSE must be completed in accordance with the University Rules and regulations specified by each educational programme.

Summaries of all theses must be published and made freely available on the HSE website.

The full text of a thesis can be published in open access on the HSE website only if the authoring student (copyright holder) agrees, or, if the thesis was written by a team of students, if all the co-authors (copyright holders) agree. After a thesis is published on the HSE website, it obtains the status of an online publication.

Student theses are objects of copyright and their use is subject to limitations in accordance with the Russian Federation’s law on intellectual property.

In the event that a thesis is quoted or otherwise used, reference to the author’s name and the source of quotation is required.

Search all student theses