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Student
Title
Supervisor
Faculty
Educational Programme
Final Grade
Year of Graduation
Irina Nikolaeva
The Stock Market Reaction to News: the Case of Innovative Companies
Economics
(Bachelor’s programme)
2018
In the era of rapid technological and market changes each company should increase their innovation capacity. Innovations require large investments and securities are one the most efficient ways to attract them. This study examines the reaction of stock prices on different announcements in innovative companies. The analysis is based on the methodology of event studies.

It was found that positive abnormal return occurs after "good" news about quarterly earnings announcements, significant acquisitions, presentation of a new product or research investigation results in the technological conference. Negative abnormal return arises from divestitures and "bad" news about quarterly earnings announcements.

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