Insider Trading on the Russian Stock Market

Student: Solovev Daniil

Educational Programme: Economics (Bachelor)

Year of Graduation: 2021

This thesis dealt with insider trading on the Russian stock market. The main goal of the study was to determine its volume, as well as to determine the impact on it of the tightening of Russian legislation. An empirical study concluded that insider trading in the Russian market is small, and the tightening of legislation did not significantly affect it. This finding is valid with the proviso that study results are highly dependent on the fraction of cutoffs used in data collection. Since this indicator was below the usual value in this work, the estimate of the scale of insider trading may be underestimated.

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