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Regular version of the site
Contacts

119049 Moscow, Russia
11 Pokrovskiy boulevard, room S625

Phone:

+7 (495) 7729590 *27190

Email: finance@hse.ru

Administration
Head of the School Irina Ivashkovskaya

Head of Corporate Finance Research Center, Dr., tenured professor

EIASM WORKSHOP ON GOVERNANCE AND MANAGEMENT OF DIGITALIZATION

Our colleagues will make a presentation "Does corporate governance benefit from the artificial intelligence?" at EIASM Workshop on Governance and Management of Digitalization.

Participants
Ilya Ivaninskiy,PhD student, National Research University “Higher School of Economics” 
Irina Ivashkovskaya, professor, Head of School of Finance, National Research University “Higher School of Economics”

Abstract

Digital transformation has been a center of business and research agenda recently. Technologies as blockchain, Internet of Things, etc. transform the way firms operate, creating the 4th industrial revolution [Schwab, 2017]. Of the digital technologies, the one receiving the most investments is Artificial Intelligence (AI) [BCG, 2020]. “AI can be defined as a technology that applies systems to machines so that machines can think like humans” [Go et. al, 2020]. Literature covers 3 types of AI (from basic to advanced): 1) Process automation (reports creation etc.) [see e.g. Slaby, 2012]; 2) Machine learning, automating decision-making, often without human intervention [see e.g. Arrieta et al., 2020]; 3) AI replicating a human [Goertzel, 2006]. The 3rd type is yet a theoretical construct [see e.g. Domingos, 2015] and Economics” is of limited interest to us. Firms have been applying process automation for a long time [see e.g. Yu et al., 2009], but AI in the machine learning form became popular with advances of technologies as deep learning, image recognition, etc. and cheaper computing [see e.g., Jarrahi, 2018]. Research shows that it can transform corporate governance. We find 2 literature streams on the topic. The 1st analyzes the AI-driven improvement of governance mechanisms as Boards of Directors (BoD). The 2nd one explores the digital-driven organizational change and broad governance adaptations required.