Monday, October 8, 2012

Economists Say Navalny's Blog Influences Russian Stock Market

A group of Russian economists published an article analyzing the influence of Russian anti-corruption blogger and shareholder activist Alexey Navalny's blog on Russian stock market. Specifically, they studied the consequences of his critical blog postings (often alleging corruption) about state-controlled companies on the stock prices of those companies. The economists discovered that critical postings result in a decrease of the relevant stock price. According to the study, the immediate effect is 0.5-0.9% of the stock price, and the negative effect lasts for about a month. The economists also noticed that on the days when Navalny's blog was down because of DDoS attacks, the market of relevant stocks showed signs of recovery.

http://www.forbes.ru/mneniya-column/156217-effekt-navalnogo-kak-zapisi-v-bloge-vliyayut-na-fondovyi-rynok
http://www.lenta.ru/news/2012/10/08/navalny/
http://bcep.haas.berkeley.edu/papers/Fall%202012/Petrova.pdf (article)

6 comments:

  1. Thanks to post such a good article. I found it useful because it cleared my confusions about topic what you written. Regards
    Stock Tips | Commodity Tips

    ReplyDelete
  2. Stock Market is going down everywhere and every country is suffering from downfall in economy.

    MCX Tips
    Commodity Tips

    ReplyDelete
  3. This post is so informative and makes a very nice image on the topic in my mind. It is the first time I visit your blog, but I was extremely impressed. Keep posting as I am gonna come to read it everyday!Stock Tips

    ReplyDelete
  4. Your blog is very useful to all the people especially for stock trader. So much important information is there in your site.
    Stock Tips

    ReplyDelete
  5. I always like your blog post because you always comes with different ideas and information. I always shared your site post with my friends. Keep posting and i will follow you. stock tips

    ReplyDelete
  6. This is so cool. I am such a huge fan of their work. I really am impressed with how much you have worked to make this website so enjoyable. best advisory company

    ReplyDelete