Impact of World Oil Prices on Russian Companies’ Value

Maksim S. Shavrygin ()
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Maksim S. Shavrygin: State University of the Ministry of Finance of the Russia, Moscow, Russia

Finansovyj žhurnal — Financial Journal, 2012, issue 2, 97-104

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.

Keywords: Russian stock market; companies’ pricing; oil prices; Urals; MICEX; pricing theory (search for similar items in EconPapers)
JEL-codes: D23 D24 Q35 (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:fru:finjrn:120211:p:97-104

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