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Student
Title
Supervisor
Faculty
Educational Programme
Final Grade
Year of Graduation
Nikita Sidorenko
How do Different Types of News influence Russian Oil and Gas Companies
2016
This research is an example of so-called event study, which helps exploring the influence of different types of news on the performance of Russian Oil and Gas companies. I try to understand how stock returns of these companies depend on news from brokerage service and business daily paper. Several types of news are included in my analysis – company-related news, news concerning oil prices and some others. I am using a market model for my estimation. The results show that company news has significant effect on the daily MICEX Oil and Gas stock returns. More specifically, negative news has a stronger impact on stock’s return than positive news in its absolute value. Besides, I obtain the results which show that the companies with the majority of stocks in the ownership of government react worse on news than private companies.

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