НИС «Эмпирические исследования корпоративных финансов»

28 июня вт 16:00 онлайн в рамках НИС «Эмпирические исследования корпоративных финансов» состоится предзащита кандидатской диссертации Иванинского Ильи Олеговича.

Тема диссертации: Цифровая трансформация бизнеса и её влияние на механизмы корпоративного управления (Digital Transformation of Business and its Impact on Corporate Governance Mechanisms)

Научная специальность: 08.00.10 «Финансы, денежное обращение и кредит»

Научный руководитель: д.э.н., профессор Ивашковская И.В.

Рецензенты:

Авдашева С.Б., д.э.н., профессор
Дранев Ю.Я., PhD, доцент
Карминский А.М., д.э.н., д.т.н., профессор  
Лазарева О.В., PhD, доцент
Федорова Е.А., д.э.н., профессор

Abstract: This research explores the implications of digitalisation and business model innovation for the principal-agent conflict. Continuous digital transformation has recently become a feature sine qua non for companies. It is also stimulating business model innovation resulting in the growing adoption of ecosystem-based models. These trends may have significant implications for the principal-agent relationship, essential for understanding value creation by a firm. In order to analyse the impact of digital transformation, we use blockchain technology as a proxy. To measure the potential impact on the principal-agent conflict, we study management and shareholder-sponsored proposals at annual meetings. The level of shareholder involvement in governance is measured based on the number of shareholder-sponsored proposals received. In addition, we measure shareholder support for management-sponsored proposals. A sample of 2,481 NYSE, Nasdaq and AMEX-traded firms for the period 2015-2019 is used. First of all, we show that digitalisation per se has a mitigating impact on the agency conflict. Shareholders become more active, albeit not more hostile towards management. Secondly, we have identified the strongest impact in such sectors as information technology (IT), communications, finance, and healthcare. These are the most significantly impacted by ecosystem-based business model innovation. We conclude that digitalisation and ecosystem-based business models are mutually reinforcing in mitigating the principal-agent conflict.

Рабочий язык:  русский, английский

Резюме (PDF, 513 Кб) 

С полным текстом диссертации можно ознакомиться в Школе финансов.

Программа заседания (PDF, 390 Кб) 

Для получения Zoom ссылки просьба обращаться с корпоративной почты НИУ ВШЭ на df@hse.ru.