• A
  • A
  • A
  • ABC
  • ABC
  • ABC
  • А
  • А
  • А
  • А
  • А
Regular version of the site

Ownership Structure and Stock Performance in Russia

Student: Nikolay Buneev

Supervisor: Victoria V. Dobrynskaya

Faculty: International College of Economics and Finance

Educational Programme: Double degree programme in Economics of the NRU HSE and the University of London (Bachelor)

Year of Graduation: 2017

In this work, I am going to try to attain two goals. First is to attempt to assess relationship between ownership concentration and returns of the company’s stock on the Russian market. Second, to touch the question of the validity of such research using various data sources. The former is interesting to understand general relationship about this type of information and its incorporation of it by the market forces. The latter is curious as the question of the defining of ownership is a complex one even for government agencies that in contrast to usual researches has an ability to use information defended by confidentiality agreements. Therefore, as it is a difficult task, I would try to evaluate the quality of information available for extraction from public sources and compare it with the information in payed database. The third task is to evaluate the form of the relationship, if one exists, as there is evidence from previous research that this relationship is complicated and changes with the change of ownership concentration. The research is done on the Russian market not only because of the Russian origin of the author but also as Russian market is especially interesting in terms of its property rights and their history. Ownership rights and private property formed relatively recent, and, therefore, may exhibit some differences from other countries.

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