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