The Impact of Corporate News on The Dynamics of Stock Prices Russian Companies (Oil and Gas)

Student: Rasulov Ruslan

Educational Programme: Economics (Bachelor)

Year of Graduation: 2016

The aim of this final paper is to conduct a comparative analysis of the impact of the financial results announcement on the dynamics of the share prices of Russian oil and gas companies in the period from 2007 to 2015. The sample of the analysis consists of 232 events, 170 of which are good and 62 are bad. The model of the event analysis was used to analyze 232 financial results reports of 7 largest Russian oil and gas companies. A comparative analysis of the impact of the announcement of financial results before and after the crisis was conducted as well as the influence of these news with external events. It was revealed that the announcement of financial results of the companies activity has a significant impact on the dynamics of the stock prices.

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