119049 Moscow, Russia
11 Pokrovskiy boulevard, room S629
Phone:
+7 (495) 772-95-90*27447, *27947, *27190
+7 (495) 916-88-08 (Master’s Programme Corporate Finance)
- Email: df@hse.ru
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
Edited by: A. M. Karminsky, Mikhail Stolbov.
Palgrave Macmillan, 2024.
Journal of Economics and Business. 2025. Vol. 136. P. 1-21.
Badr I., Rawnaa Ibrahim, Hussainey K.
In bk.: Opportunities and Risks in AI for Business Development. Vol. 2: 546. Bk. Opportunities and Risks in AI for Business Development. Prt. 636. Springer, 2025. P. 385-399.
SERIES: FINANCIAL ECONOMICS. WP BRP 60/FE/2017. НИУ ВШЭ, 2025
30/06/21 19:00 Research Seminar "Empirical Research in Corporate Finance"
O. Guseva, Ph.D. thesis pre-defense. Dissertation topic: "Formal and Informal Forms of Support as Success Drivers of Technology Startups in Russia"
Scientific adviser: A. Stepanova, PhD, Assistant Professor;
Abstract:
This dissertation investigates the different sources of support for a tech startup in Russia and identifies the impact of such support on a firm’s performance. The constructed database for the research consists of 25,144 companies and includes information about specific characteristics of Russian startups, such as industry, age, ownership, and management characteristics.
Private institutions were found to positively and significantly contribute to startup performance in Russia, and this contribution can be enhanced by government support. While we did not find a positive relationship between government equity support and firm performance, our study confirms the importance of government grant financing for a startup’s survival and access to external funding in Russia as in the emerging market with institutional voids.
While this research contributes to the literature on startup support in emerging markets, to our knowledge, this is also one of the first academic studies to provide insights into the market of Russian tech startups.
Reviewers:
Svetlana Grigorieva, PhD, Assistant Professor;
Irina Ivashkovskaya, tenured professor, Professor;
Elena Makeeva, PhD, Assistant Professor;
Ivan Rodionov, Doctor of Economics, Professor;
Elena Fedorova, Doctor of Economics, Professor;
OGuseva_Summary (PDF, 258 Kb)
Join a Zoom meeting:
https://zoom.us/j/91221241865?pwd=b29SeU4wL0E1SjBrYXNhNjczekU4UT09
Conference ID: 912 2124 1865
To obtain an access code, please contact Ulyana Nepryakhina from the HSE corporate mail: unepryahina@hse.ru