• A
  • A
  • A
  • ABC
  • ABC
  • ABC
  • А
  • А
  • А
  • А
  • А
Regular version of the site
For visually-impairedUser profile (HSE staff only)SearchMenu

Influence of Imposing Sanctions Against Russia on Russian Companies’ Share Prices

Student: Anastasiia Novikova

Supervisor: Iuliia N. Naidenova

Faculty: Faculty of Economics, Management, and Business Informatics

Educational Programme: Economics (Bachelor)

Final Grade: 9

Year of Graduation: 2017

The current research analyzes the influence of political events on the Russian stock market. I study the influence of the imposing economic sanctions against the Russian Federation because of the events in Ukraine on share prices of Russian companies. For the study, the database has been collected, including share prices 42 Russian companies for the period from 1 July 2013 to 31 December 2016. The event study methodology was used in the research. The abnormal return was found in two ways: using a market model and a constant average return model. The estimation period was 170 days and the event window was 5 days. The hypothesis about the negative impact was confirmed. I get confirmation of significant impact of sanctions' news on stock prices of Russian companies.

Full text (added May 18, 2017)

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