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Student
Title
Supervisor
Faculty
Educational Programme
Final Grade
Year of Graduation
Danil Volkov
Delisting of the Russian Stock Companies
Corporate Finance
(Master’s programme)
2018
In this paper the phenomenon of delisting of public companies from the stock exchange, its causes, consequences and classification is comprehensively studied, as well as the relationship between the probability of delisting of companies and a number of factors (company size, stock liquidity, management duality and corporate governance rules compliance) using a sample of shares listed (or formerly listed) on the Moscow Stock Exchange. To analyze the data, a general method was used: analysis, synthesis, comparison and processing of data from applied sources, and regression analysis method. According to the results of the study, it was revealed that there is an inverse relationship between the probability of delisting and the size of the company and the liquidity level of its shares, it is also revealed that there is direct relationship between the probability of delisting and the combination of the posts of the chairman of the board and the CEO. This result confirms previous studies of the problem on the basis of foreign markets.

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