Influence of News Shocks on Movement of the Prices of the Russian Companies Stocks

Student: Vazhnova Elvira

Supervisor: Sergey M. Menshikov

Educational Programme: Economics (Bachelor)

Year of Graduation: 2017

The impact of quarterly financial statement disclosure on the prices dynamics of securities of Russian telecommunication companies was assessed in this paper. All news was divided in 3 categories: «good», «neutral» and «bad» news. As a result of the analysis, it was revealed that «good» news have a significant positive impact on the prices of shares of Russian telecommunication companies, while «bad» news present a negative signal for the market and have a significant negative impact on the prices of shares.

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