Influence of Stock Market Uncertainty on the Investment Activity of Russian Companies by Defining Base Assets` Prices

Abstract

Authors: Victoria A. Cherkasova National Research University The Higher School of Economics

D S Mochalov

In this article an influence of the uncertainty on the forward market is researched, arising at formation of the prices for derivative financial instruments, a base asset for which is the main production of the large russian extracting companies. The prices which are establishing on derivative financial instruments are expectations of future prices for base assets of derivatives. Such data are the certain aggregated forecast of future situation which the companies should take into consideration at formation of the investment policy.