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119049
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
Grishunin S., Ivashkovskaya I., Brendeleva N. et al.
Journal of Corporate Finance Research. 2025. Vol. 19. No. 1. P. 25-40.
Badr I., Rawnaa Ibrahim, Hussainey K.
In bk.: Opportunities and Risks in AI for Business Development. Vol. 2: Opportunities and Risks in AI for Business Development. Prt. 636. Springer, 2025. P. 385-399.
Financial Economics. WP HSE. HSE University, 2025. No. 1/FE/2025.
The Article by the School of Finance Associate Professor Victoria Dobrynskaya was Published in "International Review of Financial Analysis" Journal
We congratulate Victoria Dobrynskaya, the associate professor of School of Finance, with publication of her paper "Is downside risk priced in cryptocurrency market?" in a leading international peer-reviewed journal «International Review of Financial Analysis».
The paper considers multifactor pricing models for cryptocurrencies and proposes a new factor - downside market risk, which has a high explanatory power for predicting returns in a wide sample of about 2000 biggest cryptocurrencies traded in 2014-2021. Cryptocurrencies which have a greater exposure to the downside risk yield higher returns systematically, and the downside risk premium in the cryptocurrency market is significantly higher than in traditional asset markets.