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Contribution Details
| Type | Master's Thesis |
| Scope | Discipline-based scholarship |
| Title | Long-Term and Short-Term Effects of Unethical Behavior on the Russian Stock Market |
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| Institution | University of Zurich |
| Faculty | Faculty of Business, Economics and Informatics |
| Number of Pages | 69 |
| Date | 2018 |
| Abstract Text | The purpose of this thesis is to analyze the effect of the announcement of corporate illegalities on the stock prices of Russian non-financial companies in the short term and the long term. The short term results show that here is no effect on the stock prices regardless of the company's sector, type of crime or repeatedness of the illegality. However, the timing of the allegations is found to be important: crimes announced during the dimes of crisis in the economy yield a significant negative effect. In the long term no effect is found, regardless of the timeframe after the announcement. |
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