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Regular version of the site

119049 Moscow
Shabolovka 26, office 4415а

+7 (495) 621-91-92,
+7 (495) 772-95-90 *26146

Email: df@hse.ru


Irina Ivashkovskaya
Head of the School, Head of Corporate Finance Research Center, Dr., tenured professor


Olga Lukashova


Valeriya Mechel


Alexey Yushkin

Handbook of Ratings: Approaches to Ratings in the Economy, Sports, and Society

Karminsky A. M., Polozov A. A.


Stock market volatility and the factor of time
In print

Galanova A., Galanov V. A., Shishkin A.

Economics and Sociology. 2018.

Book chapter
Political leadership as a form of expression of public expectations
In print

Galanov V. A., Galanova A.

In bk.: I International Conference "Social, economic and academic leadership for sustainable development of business and education in the future", 12th-15th of September 2017, Prague (Czech Republic). Proceeding in Business and Economics. Springer Publishing Company, 2018.

Working paper
A Bank Run in a Classroom: Do Smart Depositors Withdraw on Time?

Semenova M.

Financial Economics. WP BRP. National Research Uniiversity Higher School of Economics, 2018. No. 64/FE/2018.

About the School

School of Finance is one of the six subdivisions of Economic Science Faculty of the National Research University Higher School of Economics bringing together 110 best teachers, researchers and experts in the areas of banking, corporate finance, stock market, risk management and insurance, accounting and auditing.

The School of Finance is known for:

The original concept of teaching which definitely is realised as modern financial theory methodology and the results of its approbation in the national conditions in comparison with the other countries. Our team was first and so far the only in Russia to develop and promote the finance studies and applied financial specialty – "Financial Instruments for the private investor" and "Corporate Finance and company’s value " on the internationally acclaimed online platform Coursera. We offer 4 master programs in "Finance and credit", conduct financial specialties within Economic Sciences Faculty baccalaureate and other faculties master degree courses in MAGOLEGO system.

Active involvement in corporate finance research, valuation, risk management and financial market. We have the project management laboratories: Corporate Finance Center/Lab, Financial Markets Research & Training Lab and Financial Engineering & Risk Management Lab. All the mentioned Labs implement academic, fundamental and experimental projects for government institutions and business as well. It was our team who designed and prepared a long-term series of monographs «Advanced studies in emerging market's finance» for the worldwide renowned publisher Springer. We have already issued monographs and articles with empirical and experimental results based on BRICS and European countries data. We conduct regular open scientific seminars "Empirical studies of banking activities" and "Empirical corporate finance." We have successfully developed an online scientific journal "Corporate Finance Research Journal”, included in the best Russian magazines list by international platform Web of Science and in the list of the Higher Attestation Commission of the Russian Federation too.

Involvement of professionals in our courses with practical case studies and master classes. Together with the business experts we conduct regular bachelor master class – "Career development in finance." We work with local and foreign professional from the international companies such as PricewaterhouseCoopers, KPMG, ERNST & YOUNG, Bain & Co, DELOITTE, Vnesheconombank, Gazprombank, Sberbank CIB, AlfaStrakhovanie, Gazprom, RAO UES.


Key directions and development objectives:

  • construction and implementation of  research and teaching activities strategy based on the modern financial theory;
  • active creation of joint international research teams and the expansion of financial research projects (together) with foreign universities/universities abroad;
  • development of national modern finance concepts teaching centre and their empirical testing on Russian based companies data compared to other national samples/selections;
  • build-up of the international educational centre, development of joint educational programs with foreign universities, students and teachers mobility expansion;
  • active multilateral cooperation with the financial industry in general and financial business experts, relationships strengthening with the employers, consolidation of Russian financiers professional community and its contribution to educational activities.