119049 Moscow, Russia
11 Pokrovskiy boulevard, room S629
+7 (495) 772-95-90*27447, *27947, *27190
+7 (495) 916-88-08 (Master’s Programme Corporate Finance)
- Email: email@example.com
Head of Corporate Finance Research Center, Dr., tenured professor
The HSE School of Finance is the leading Russian competence center in the field of corporate finance, business valuation, banking, stock market, risk management and insurance, accounting and audit.
HSE is the first Russian university in the global ranking "QS - World University Rankings by subject", 2022 in the subject area of Accounting and Finance. Moreover, the university is the 1-st in the rating "THE World University Rankings by subject" in the subject area of Business & Management Studies, 2022
HSE University Competition for Faculty Positions 2023
Cherkasova V. A., Nenuzhenko I.
Journal of Economic Integration. 2022. Vol. 37. No. 1. P. 54-92.
Zelenkov Y., Fedorova E.
Electronic Journal of Applied Statistical Analysis. 2022. Vol. 15. No. 1. P. 187-210.
Kolade S. A., Semenova M.
Financial Economics. FE. Высшая школа экономики, 2022. No. WP BRP 87/FE/2022.
Помазанов М. В.
Управление финансовыми рисками. 2022. Т. 70. № 2. С. 108-120.
Pomazanov M. V.
In bk.: The 8th International Conference on Information Technology and Quantitative Management (ITQM 2020 & 2021): Developing Global Digital Economy after COVID-19. Vol. 199: The 8th International Conference on Information Technology and Quantitative Management (ITQM 2020 & 2021): Developing Global Digital Economy after COVID-19. Manchester: Elsevier, 2022. P. 798-805.
Korablev D., Poduhovich D.
Journal of Corporate Finance Research. 2022. Vol. 16. No. 1. P. 136-145.
Olkhovik V., Lyutova O. I., Juchnevicius E.
Научно-исследовательский финансовый институт. Финансовый журнал. 2022. Vol. 14. No. 2. P. 73-90.
Churyk N. T., Anna Vysotskaya, Kolk B. v.
Journal of Accounting Education. 2022. Vol. 58.
Абдрахманова Г. И., Васильковский С. А., Вишневский К. О. и др.
М.: Издательский дом ГУ-ВШЭ, 2022.
М.: Национальный исследовательский университет "Высшая школа экономики", 2022.
Гришунин С. В., Сулоева С. Б., Пищалкина И. И.
Организатор производства. 2022. Т. 30. № 1. С. 60-72.
Экономический анализ: теория и практика. 2022. Т. 21. № 3. С. 478-496.
S. Grishunin, E. Naumova, N. Lukshina et al.
Russian Management Journal. 2021. Vol. 19. No. 4. P. 475-493.
Grishunin S., Egorova A.
Journal of Corporate Finance Research. 2022. Vol. 16. No. 1. P. 99-112.
Grishunin S., Bukreeva Alesya, Alyona A.
In bk.: The 8th International Conference on Information Technology and Quantitative Management (ITQM 2020 & 2021): Developing Global Digital Economy after COVID-19. Vol. 199: The 8th International Conference on Information Technology and Quantitative Management (ITQM 2020 & 2021): Developing Global Digital Economy after COVID-19. Manchester: Elsevier, 2022. P. 190-197.
Edited by: А. Б. Высотская, B. v. Kolk.
Vol. 58. Elsevier, 2022.
Karamysheva M., Seregina E.
Journal of International Money and Finance. 2022. Vol. 127.
Journal of Economic Dynamics and Control. 2022. Vol. 137.
Karamysheva M., Skrobotov A.
Journal of Economic Dynamics and Control. 2022. Vol. 138.
Тихомиров Д. В.
Известия Санкт-Петербургского государственного экономического университета. 2022. № 4. С. 144-155.
Тихомиров Д. В., Цехомский Н. В.
Экономика и управление. 2022. Т. 28. № 1. С. 16-24.
Селезнёва З. В., Евдокимова М. С.
Финансы: теория и практика. 2022. Т. 26. № 3. С. 64-84.
Evdokimova M., Stepanova A. N.
In bk.: 38th EBES Conference - Program and Abstract Book. Istanbul: EBES, 2022. P. 39.
Assanskiy A., Shaposhnikov D., Tylkin I. et al.
Journal of Behavioral and Experimental Economics. 2022. Vol. 98.
Teplova T., Mikova E., Munir Q. et al.
Economic Change and Restructuring. 2023. Vol. 56. P. 515-535.
Повх К. С., Кокорева М. С., Степанова А. Н.
Экономический журнал Высшей школы экономики. 2022. Т. 26. № 1. С. 9-36.
Anton Markov, Zinaida Seleznyova, Victor Lapshin.
Journal of Finance and Data Science. 2022. Vol. 8. P. 180-201.
June 1, 2021 (Tuesday) at 16:00 online a Research Seminar "Empirical Research in Corporate Finance" will take place.Within the framework of the seminar, it is proposed to discuss 2 reports:
1) 2-year postgraduate student Stanislav Bondarenko with the report "CEO Cultural Background and its Impact on Firms Financial Policy", prepared under the guidance of M. Kokoreva
Abstract"Capital structure puzzle remains one of the most intrigue corporate finance issues nowadays. In the research we explore to what extent CEO cultural background determines financial policy of companies in Europe. Based on S&P Europe 350 market index we collect a dataset of 217 public firms and information about CEOs nationalities during the period of 2010-2019, and investigate whether foreign CEO behave differently in terms of capital structure decision and what particular cultural dimensions can explain these differences. Our findings show that foreign CEOs behave more conservative and use less leverage, but the effect was found only for market values. It was also found that CEOs which are more uncertainty avoidant, long-term oriented and with high degree of power distance use less debt due to their conservatism, strategic mindset and fear of power inequality. The results of the research might be beneficial to board of directors while interacting with CEOs as it demonstrates that a CEO cultural preferences matter in companies’ corporate decisions."2) 2-year postgraduate student Alexey Kharlamov with a report “How Do International Institutions and Boards of Directors Overcome Difficulties in Sustainable Investing in Emerging Markets? The Evidence from Russia ”, prepared under the guidance of I. Ivashkovskaya.
This paper builds on necessity of creating a system of ESG indicators to account for the specific nature of private-public partnerships (PPPs) to enable institutional, private and public market participants to conduct a comprehensive analysis of their investment activity. Those ESG indicators are required not only for feasibility studies of the project during start-up period, they are even more required at the later stages to monitor the effectiveness of the project implementation by boards of directors and by the wide range of stakeholders. A specific methodology of calculating an ESG rating of a PPP project is developed and applied to two prominent busines cases from Russia. The paper pays special attention to the operations of international financial institutions (the IFIs), such as European Bank for Reconstruction and Development (the EBRD), which play a significant role in launching PPP programs for many developing countries. On the basis of real life case studies for emerging capital markets, paper contributes to the literature by developing PPP-adjusted ESG rating that is relevant for board’s decision-making and monitoring specific types of long term investments.Keywords: private-public partnerships (PPP), ESG rating, sustainable development, sustainability reporting
Link to zoom conference: