DETECTING DYNAMIC RELIANCE ON CHANGES IN MARKET VALUE OF OIL COMPANIES

Adzhemyan Anna Araevna1, Murakova Kira Konstantinovna2, Frolova Victoria Borisovna3
1Finance University under the Government of the Russian Federation, 4-year Bachelor of the Faculty of Management
2Finance University under the Government of the Russian Federation, 4-year Bachelor of the Faculty of Management
3Finance University under the Government of the Russian Federation, PhD in Economics, professor

Abstract
This article deals with the problem of determining factors that at some extent affect the market value of oil and gas companies, as well as making an attempt to detect the link between the book and market value of the company. The analysis of quantitative factors influencing the market value of the business allows us to speak about quite ambiguous reliance of the macro- and micro-economic factors on the market value such as the amount of dividends per share, the level of GDP, inflation rate, discount rate of Central Bank, the exchange rate.

Keywords: book value, discount rate, dividends, exchange rate, inflation rate, level of GDP, macro and microeconomic factors, market value


Category: 08.00.00 Economics

Article reference:
Detecting dynamic reliance on changes in market value of oil companies // Modern scientific researches and innovations. 2016. № 11 [Electronic journal]. URL: https://web.snauka.ru/en/issues/2016/11/73800

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