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Economic Factors Influence on the Russian Capital Market Behavior

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  • Dorofeev Evgeny

Abstract

The author analyzes the price dynamics of shares listed in the Russian Trading System (RTS). Preferences for speculative versus strategic investments in the Russian capital market are studied by dividing the risk associated with each share into a general component, which depends on economic fundamentals, and an individual (speculative) component associated with holding that particular asset.

Suggested Citation

  • Dorofeev Evgeny, 2001. "Economic Factors Influence on the Russian Capital Market Behavior," EERC Working Paper Series 2k/03e, EERC Research Network, Russia and CIS.
    • Handle: RePEc:eer:wpalle:2k/03e
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    References listed on IDEAS

    as
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