• A
  • A
  • A
  • АБB
  • АБB
  • АБB
  • А
  • А
  • А
  • А
  • А
Обычная версия сайта
Найдено 9 975 публикаций
Сортировка:
по названию
по году
Статья
Stepanova A. N., Rabotinskiy, I. Journal of Corporate Finance Research. 2014. Vol. 2. No. 30. P. 90-102.

We suppose that the agency conflicts between shareholders and bondholders may affect the level of risk of company's debt instruments, therefore, increasing the cost of debt of the firm. A number of corporate governance mechanisms are developed to alleviate the conflicts. This paper surveys research on the relationship between corporate governance and the cost of debt. We pay special attention to the empirical papers with specific findings on cost of debt's nonfinancial determinants in emerging markets.

Добавлено: 10 сентября 2014
Статья
Nazarova V., Kolkina A. Journal of Corporate Finance Research. 2016. No. 3 (39). P. 56-70.

Цель данной работы заключается в выявлении степени влияния корпоративного управления на эффективность российских диверсифицированных компаний. Компании такого типа представляют отдельный интерес в исследовании, поскольку не только развитые и развивающиеся страны имеют отличные черты корпоративного управления, но и в пределах одной страны существуют компании, стратегия развития или отрасль функционирования которых вносит существенные корректировки в оптимальную структуру корпоративного управления. Новизна исследования заключается в проведении исследования на выборке из российских диверсифицированных компаний и разработке для них оригинального индекса корпоративного управления, чего ранее не проводилось. Практическая значимость данного исследования заключается в том, что  разработанный в процессе исследования индекс корпоративного управления может применяться российскими диверсифицированными компаниями для оценки уровня корпоративного управления.  Подобная процедура позволит выявить имеющиеся недостатки и усовершенствовать систему корпоративного управления в российских компаниях. В свою очередь,  предложенная методика и полученные модели зависимости рыночной капитализации от фундаментальных факторов и различных факторов корпоративного управления могут применяться в стратегическом планировании и управлении стоимостью диверсифицированных компаний. Также будет определено влияние корпоративного управления, что позволит сформулировать рекомендации по усовершенствованию системы управления в российских компаниях.

Добавлено: 13 февраля 2017
Статья
Sprenger C. Journal of Comparative Economics. 2021.
Добавлено: 2 сентября 2021
Статья
Lopez Iturriaga F. J., Judge W. Q., Witt M. A. et al. Strategic Management Journal. 2015. Vol. 36. No. 8. P. 1174-1185.

Prior studies of IPO underpricing, mostly using agency theory and single-country samples, have generally fallen short. In this study, we employ the knowledge-based view (KBV) to explore underpricing across 17 countries. We find that agency indicators are insignificant predictors, board of director knowledge limits underpricing, and external knowledge both substitutes for and complements internal board knowledge. This third finding suggests that future KBV studies should consider how internal and external knowledge states interact with each other. Our study offers new insights into the antecedents of underpricing and extends our understanding of comparative governance and the KBV of the firm. Copyright © 2014 John Wiley & Sons, Ltd.

Добавлено: 10 декабря 2015
Статья
Dolgopyatova T. G. Baltic RIM Economies Review. 2017. No. 2. P. 37.

Рассмотрены тенденции развития корпоративного управления в крупных российских компаниях, характерные для 2010х годов. Cтимулы к совершенствованию КУ в крупных российских компаниях шли со стороны регуляторов и активизации федерального государства как собственника. Интересы бизнеса учитывались привлечением его представителей к участию в выработке правовых норм и рекомендаций, заранее объявляемыми изменениями и возможностями их постепенного, «мягкого» внедрения. Это способствовало адаптации собственников крупных частных компаний к ужесточению регулирования при наличии стимулов к использованию корпоративного управления в интересах стратегического развития компаний.

Добавлено: 14 апреля 2017
Статья
Gurkov I. B. Progress in International Business Research. 2015. Vol. 10. P. 57-78.
Добавлено: 13 февраля 2017
Статья
Rochlitz M. Post-Soviet Affairs. 2014. Vol. 30. No. 2. P. 89-114.

To what extend are Russian state agencies involved in predatory behaviour, and what are the determinants of their activities? Analysing a novel dataset containing 312 cases of illegal corporate raiding (reiderstvo) between 1999 and 2010, this paper identifies a shift both in the regional and sectoral distribution of raiding attacks over time, as well as an increasing participation of state agencies in criminal raiding attacks. Using panel regression analysis to look at the determinants of increasing state involvement, I find that election results for the ruling president and his party, as well as the degree to which elections are manipulated throughout Russia’s regions are significantly and positively correlated with the number of raiding attacks in a given region, while regions with governors that have stronger local ties are characterized by a smaller number of attacks. A potential interpretation of these findings is that the federal centre might tolerate a certain degree of predatory activities by regional elites, as long as these elites are able to deliver a sufficiently high level of electoral support for the centre, with the effect being weaker in regions where the governor is interested in the long-term development of the regional economy.

Добавлено: 13 ноября 2013
Статья
Soloviev M. M., Grover R., Zakharchenko V. Journal for East European Management Studies. 2007. Vol. 12. No. 3. P. 205-231.

Рассмотрены проблемы управления недвижимым имуществом крупнейших корпораций в процессе реформ в России с 1991 по настоящее время, взаимосвязи процессов формирования и развития рыночной законодательной базы и рынков недвижимости, преобразований корпоративных структур и управления недвижимостью. Анализируются стратегические и операционные взаимодействия систем корпоративного управления и подразделений, связанных с управлением недвижимым имуществом, функции менеджмента подразделений и топ-менеджмента корпораций, указывающие на важность качества информации об активах корпоративной недвижимости. Показано, что для переходного периода дисбалансы в названных областях были в числе важных характеристик развития корпораций.

 

Добавлено: 4 декабря 2012
Статья
Lopez Iturriaga F. J., Díez-Esteban J. M., García-Gómez C. D. et al. Research in International Business and Finance. 2017. Vol. 42. P. 900-911.
Добавлено: 16 августа 2017
Статья
Sheina M. V. Perm University Herald. Economy. 2015. No. 3(26). P. 53-60.

The question of whether the strategy of undertaking corporate social responsibility (CSR) policy is an effective signal of a high level of food safety is considered in this paper. Despite the existence of some state mechanisms aimed at solving the lemon problem, the presence of a great number of fake and adulterated food on Russian food markets show that it has not been solved yet. Specificity of food (its experimental and trusting qualities) makes it impossible to evaluate the qualitative characteristics of food before it is purchased by customers.

The analysis was based on Bertrand model with a differentiated product. Theoretic and game modelling resulted in articulation of the conditions for "desired" Nash equilibrium, where CSR policy is implemented by the companies producing safer food. The comparison of possible Nash equilibriums has lead us to the conclusion that the efficiency of CSR strategy as a quality signal is determined by the control and support of the manufacturers provided by the state and by the number of "responsible" health-conscientious customers. "Desired" Nash equilibrium may be reached without "responsible" customers, but with a high level of state support towards "honest" companies with a positive CSR record. This means that the weakness or lack of state mechanisms to support or encourage the manufactures,  a small share of health-conscientious customers, their low activity in monitoring safety level when choosing food are among the factors determining the low activity of manufacturers in CSR policy implementation.

Добавлено: 7 февраля 2016
Статья
Prosvirkina E. Y. International Journal of Management & Computing Sciences (IJMCS). 2012. Vol. 2. No. 4. P. 66-72.

Though there is a perception among managers that corporate social responsibility (CSR) is an important part of today business activity and it positively influences the organizational performance, several research conducted in 1970-2010s did not find any correlation or even found a negative one. In order to analyze the relationship between CSR and organizational performance of business organizations in Russia, the research among Russian banks was conducted. The sample of the research consists of fifty largest banks. The data on organizational performance, including total assets, return on assets and equity, earnings per share, and growth indexes was collected in annual reports of the 2011 year of banks. Information about corporate social responsibility was gathered in social reports, codes of ethics, and on websites of banks. The research demonstrates that the majority of banks in Russia are involved in CSR projects, but it did not find statistically significant correlation between corporate social responsibility and organizational performance of banks.

Добавлено: 28 марта 2013
Статья
Kozina I., Cheglakova L. Journal of Social Policy Studies. 2014. No. 1. P. 95-110.
Добавлено: 28 июня 2014
Статья
Detkova P., Podkolzina E., Tkachenko A. International Journal of Public Administration. 2018. P. 414-434.
Добавлено: 18 января 2018
Статья
Belousova V., Goel R. K., Korhonen I. Journal of Economics and Finance. 2016. Vol. 40. No. 1. P. 172-187.

This paper examines the effects of different competitions for favors on the prevalence and perceptions of corruption across Russian regions. Results show that while greater general competition (measured by regional population size), increases both perceived and actual corruption, competition among enterprises only increases corruption perceptions, while competition among government employees increases actual, but not perceived, corruption. Privatization activity and unemployment fail to affect either measure of corruption. Finally, the effects of urbanization differ on perceived and actual corruption. Besides Russia, these findings are somewhat unique to the broader literature.

Добавлено: 20 октября 2015
Статья
Shtefan M. A. International Journal of Business and Management Studies (IJBMS). 2014. Vol. 3. No. 1. P. 623-635.

The present article analyzes the current state, trends and structure of costs in Russian railway transport companies, generalizing on the main calculation features of the passenger and freight transportation costs. Based on the results of the analysis, directions of improvement for the calculation methods in the studied companies are offered. The results of the study can be used as a basis for the development of management accounting methodology in Russia and abroad.

 

Добавлено: 3 июня 2014
Статья
Kumbhakar S., Peresetsky A. Macroeconomics and Finance in Emerging Market Economies. 2013. Vol. 6. No. 1. P. 88-113.

In this paper, we estimate cost efficiency of the Kazakhstan and Russian banks. A stochastic frontier (SF) approach based on a panel data for 2002–2006 is used. The Kazakhstan banking system is traditionally assumed to be more advanced compared to the Russian system. In 2003 Kazakhstan adopted the International Accounting System, and in 2005 Basel-2 norms were introduced. None of these happened in Russia during the period of our study. Given these differences, our objective is to examine whether there is a systematic difference in bank efficiency between them. For this we use two sets of SF panel models, viz., models which do not separate and do separate bank effects from inefficiency. Within each set we also consider models with a single and multiple outputs as well as alternative distributional assumptions on inefficiency. Empirically we do not find any significant differences in the cost efficiency scores of banks between these two countries during the period of our study, although some differences (within each country) are found when different distributional assumptions are used. Results are found to be quite robust across several alternative and competing models. We also find that many of the banks in both countries operate below their optimal size.

Добавлено: 16 марта 2013
Статья
Sirotkina N. G., Zuyeva E. E., Pavlovskaya S. V. Journal of Social Policy Studies. 2020. Vol. 18. No. 1. P. 115-128.
Добавлено: 1 апреля 2020
Статья
Parenti M., Sidorov A., Thisse J. et al. International Journal of Economic Theory. 2017. Vol. 167. No. 1. P. 86-115.

This paper compares the market equilibria in a differentiated industry under Cournot, Bertrand, and monopolistic competition. This is accomplished in a one-sector economy where consumers are endowed with separable preferences. When firms are free to enter the market, monopolistically competitive firms charge lower prices than oligopolistic firms, while the mass of varieties provided by the market is smaller under the former than the latter. If the economy is sufficiently large, Cournot, Bertrand and Chamberlin solutions converge toward the same market outcome, which may be a competitive or a monopolistically competitive equilibrium, depending on the nature of preferences.

Добавлено: 29 марта 2017
Статья
Coviello D., Moretti L., Spagnolo G. et al. The Scandinavian Journal of Economics. 2018. Vol. 120. No. 3. P. 826-858.
Добавлено: 9 января 2017
Статья
Gerasimova K., Sheng J., Zhao J. Critical Sociology. 2020.
Добавлено: 8 февраля 2021