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Regular version of the site

Student
Title
Supervisor
Faculty
Educational Programme
Final Grade
Year of Graduation
Yusef Gaerli
Value Drivers of Companies in the Construction Sector
Corporate Finance
(Master’s programme)
2019
In this study, hypotheses were tested on the effectiveness of the Russian stock exchange market, as well as the possibility of using the book value in forecasting stock prices. The purpose of the study is to provide empirical confirmation of the weak form efficiency hypothesis on Russian stock market and to demonstrate the significance of using fundamental parameters in predicting the value of construction companies' stock prices. The study used data from financial statements published during 2012-2018 year. As part of the econometric analysis of the MICEX index, the effects of the Russian stock exchange were revealed in a weak form. Empirical study on Ohlson model shows significance of book value in prediction of stock prices for companies in construction and mining sectors.

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