Template-Type: ReDIF-Article 1.0
Author-Name: Maksim S. Shavrygin
Author-Email: m.shavrygin@yahoo.com
Author-Workplace-Name: State University of the Ministry of Finance of the Russia, Moscow, Russia
Title: Impact of World Oil Prices on Russian Companies’ Value
Abstract: The work reviews the key company pricing methods. Impact of the international oil prices on the Russian companies pricing, regardless of the industry sector and type of business, is identified on the basis of regressions and correlation analysis of the daily Urals prices and stocks of the companies included in the MICEX Index. The conclusion is that the identified impact makes the Russian stock market a less attractive instrument of the investment portfolio diversification.
Classification-JEL: Q35, D23, D24
Keywords: Russian stock market, companies’ pricing, oil prices, Urals, MICEX, pricing theory
Journal: Finansovyj žhurnal — Financial Journal
Pages: 97-104
Issue: 2
Year: 2012
Month: April
File-URL: http://www.nifi.ru/images/FILES/Journal/Archive/2012/2/statii/2012_02_11.pdf
File-Format: Application/pdf
Handle: RePEc:fru:finjrn:120211:p:97-104