The objective of the hereby paper is to indicate, on the one hand, the need for transformations in financial reporting as the basic source of information about the financial situation of an economic entity indispensable in the decision making process by its users, and on the other to provide the...

We analyze foreigners’ and domestic institutional investors’ positions in U.S. equities. Controlling for many factors, we uncover a common preference for large firms and firms that are diversified internationally. The domestic preference for internationally diversified firms implies that...

In September 2014, the MICEX Index saw an uptrend starting at 1392 and reaching a month high of 1477 by September 16 but then went down to 1430 and stood still until the end of the month. The MICEX capitalization was Rb 22,8trillion (35.2% of GDP) by September 25. At the same time, the share of...

We apply the Kalman filter method to estimate nine Asian markets and find evidence that stock return dispersions decline as markets experience stress conditions, supporting the existence of herding. This paper finds that herding behavior is time-varying and comoving across markets. Both linear...

The MICEX Index, after having risen by 2% to 1,513 points over the fi rst ten days of July, then dropped by 10% towards the month’s end. By 28 July, MICEX Index stood at 1,361.9 points. The MICEX’s capitalizati on by 28 July had amounted to Rb 21.8 trillion (or 32.0% of GDP). Russia’s...

In August 2014, the MICEX Index, after having risen to 1,460 points as of 21 August, over the next few days dropped by 4.1%, standing as of 29 August at 1,400.7 points. The MICEX’s capitalization as of 29 August amounted to Rb 22.4 trillion (or 34.6% of GDP). In August, the main negative...

Over the course of February 2015, the MICEX Index continued to grow and hit its four-year record high of 1,809.6 points. The stock market’s capitalization index as of 25 February amounted to Rb 27.4 trillion (or 38.6% of GDP). As before, the situation in Russia’s domestic corporate bond...

Рост индекса ММВБ в течение мая с незначительной коррекцией в середине месяца связан с увеличением фьючерсных цен на нефть и притоком иностранных портфельных...

Российский фондовый рынок в июне находился под негативным влияниям динамики между-народных фондовых рынков. Снижение дивидендов по акциям «Газпрома» с 8,97 руб....

Индекс ММВБ увеличился с 1 по 25 июля на 4,9%, основным источником роста стало удорожание акций «Газпрома» на 20,37%. Капитализация фондового рынка в этот период...