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The Impact of Corporate Disclosure on the Liquidity of Russian Companies

Student: Askar Nurullin

Supervisor: Iuliia N. Naidenova

Faculty: Faculty of Economics, Management, and Business Informatics

Educational Programme: Economics (Bachelor)

Year of Graduation: 2021

This work is aimed at investigating the impact of corporate disclosure of information on the level of liquidity of shares of Russian companies. Based on panel data for 2018 and 2019, which includes 768 observations for 32 companies listed on the Moscow Exchange and included in the IMOEX index, the author constructs a regression for the combined sample. The results obtained indicate a positive effect of the corporate transparency rating on the level of stock liquidity, measured using the bid-ask spread. The conclusions reached by the author are similar with foreign empirical studies.

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