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Влияние эффективности ERM на ставку дисконтирования
Экономика. Бизнес. Банки. 2016. № 3 (16). С. 39–56.
The risk management introduction to the private enterprises’ activity has a doubtless impact on the reputation and performance of the firm. As a result, the majority of stakeholders interested in cooperation with the selected company should analyze the availability and effectiveness of internal risk management systems in any case. In order to predict the results of cooperation the investment projects efficiency assessment methods are applied, where the project discounting rate, demonstrating the analysts attitude to risk, appears to be the main index. Objective The main goal of this study was to develop a method for estimating the discount rate, calculated in the light of the integrated business risk indicators determined indirectly on the basis of stakeholder expectations. Methods Qualitative and quantitative research methods have been employed within the conducted research. Conclusions and Relevance The study revealed the most important indicators reflecting the stakeholders’ expectations in the field of risk management companies. The proportions of their influence on the overall ranking of the risk management effectiency have been defined as well as the discount rate was calculated with due regard to the degree of risk management efficiency for a number of Russian companies.
Ustyuzhanin V., / Series Econometrics "arxiv". 2026.
This paper proposes Covariate-Balanced Weighted Stacked Difference-in-Differences (CBWSDID), a design-based extension of weighted stacked DID for settings in which untreated trends may be conditionally rather than unconditionally parallel. The estimator separates within-subexperiment design adjustment from across-subexperiment aggregation: matching or weighting improves treated-control comparability within each stacked subexperiment, while the corrective stacked weights of Wing et ...
Added: April 3, 2026
Vorchik A., / Social Science Research Network. Серия SSRN Working Paper Series "SSRN Working Paper Series". 2026.
This article is devoted to the phenomenon of intrinsic motivation, to understand which two models are proposed. We study how positive/negative intrinsic motivation to work (experienced utility) affects worker's individual labour supply (model I) and the amount of effort they exert (model II). In model I, we use intrinsic motivation to explain the positive/negative slope ...
Added: March 15, 2026
Vorchik A., Мамышев М. А., / Series Social Science Research Network "Social Science Research Network". 2025.
In this paper, we develop a formal mathematical model aimed to explain the Dunning-Kruger effect that beginners systematically overestimate their own competence in various fields of knowledge and activity. We argue that the Dunning-Kruger effect arises from the emotional nature of confidence combined with unknown unknowns that it simply can not take into account due ...
Added: February 11, 2026
Musaev A. U., Vorchik A., / Series Social Science Research Network "Social Science Research Network". 2026.
This paper attempts to model the evolutionary theory of modernization and democratization. The model reflects the key provisions of R. Inglehart and C. Welzel's theory and provides a microfoundation for the adaptation of subjective values to the objective importances of the survival factors and the structure of the labour markets from the perspective of evolutionary ...
Added: February 10, 2026
Antsygina A., Teteryatnikova M., Tremewan J. C. et al., / Series "SSRN Working Paper Series". 2025.
Many competitive environments allow for a third party to be indirectly involved by supporting one or both sides in the conflict. Such support can come from trade partners, colleagues, or allies, who can in turn benefit from a supported party's success. We use theory and an experiment to investigate how support relationships develop endogenously in ...
Added: January 31, 2026
Akhmedova A., / Series "SSRN Working Paper Series". 2026.
The study explores a psychological phenomenon of inaction inertia-avoiding action after missing a more favourable opportunity. Unlike action inertia (e.g.,sunk costs effect), inaction inertia has been less studied, particularly in economic contexts. Considering the reference dependent nature of the phenomenon, I build on the work of Kőszegi and Rabin (2006) to examine how past experiences ...
Added: January 23, 2026
Kuchumova (Paramonova) Y. A., Ozhegova A., Зорина К. С., / Series SSRN "Available at SSRN 6108727". 2026.
Simplified tax regimes with explicit eligibility thresholds are a common tool which reduces tax burden but distorts firms’ behavior, creating local bunching just below the threshold. However, we show that when firms have access to business splitting their responses extend far beyond the local margin. Our model demonstrates that splitting reduces local bunching but amplifies ...
Added: January 21, 2026
Kuchumova (Paramonova) Y. A., Кумачева С. Ш., / Series SSRN "Available at SSRN 5312100". 2025.
In recent years, an emerging body of empirical research has shown that tax audits, in addition to recovering unpaid taxes (direct effect), increase future tax compliance (indirect or dynamic effect). This literature also suggests that updating expectations induced by audit experience plays an important role in explaining this indirect effect. However, exactly how taxpayers form ...
Added: January 21, 2026
Kuchumova (Paramonova) Y. A., / Series SSRN "Available at SSRN 5277500". 2025.
While the emerging empirical literature shows that collateral tax sanctions (CTSs) - such as driver’s license suspensions or passport denials - appear to be effective instruments to enforce tax debt collection, there are still few theoretical arguments to explain why. In this paper, I model enforcement of tax debt collection and provide a new rationale for why it could ...
Added: January 21, 2026
Dobrynskaya V. V., Tomtosov A., Речмедина С., / NRU HSE. Series WP BRP 60/FE/2017 "SERIES: FINANCIAL ECONOMICS". 2025.
We study the application of factor investing in the market for real estate (REITs). The analysis of traditional factor strategies, such as momentum, value, size and profitability, reveals their unstable and atypical behavior in comparison to the equity market, however, there is a strong momentum effect in the factor strategies. We propose a new dynamic ...
Added: January 21, 2026
Besstremyannaya G., Bakshuk M., / ЦЭМИ РАН. Серия 48 заседание "Сборник трудов Шаталинской школы-семинара". 2026.
В данной статье рассматривается реакция российских предприятий обрабатывающей промышленности на ужесточение экономических санкций с акцентом на период после 2022 года. Хотя санкции в целом негативно сказываются на экономическом росте и эффективности деятельности компаний, есть некоторые свидетельства того, что они также могут подталкивать компании к инновациям, а негативный эффект преодолевается при помощи адаптации компании. Исследование заполняет ...
Added: December 31, 2025
Besstremyannaya G., Новикова В., / ЦЭМИ РАН. Серия 48 заседание "Сборник трудов Шаталинской школы-семинара". 2026.
Защита прав интеллектуальной собственности является движущей
силой для формирования стимулов инновационной активности
предприятий. Законодательное закрепление правил пользования
результатами интеллектуальной деятельности и обеспечение их соблюдения
позволяет поддерживать баланс интересов создателей и пользователей
интеллектуальной
собственности.
Целью
проанализировать недостаточно изученную для регионов России связь
между экономическим ростом и защитой прав интеллектуальной
собственности с использованием двухшаговой регрессии. Результаты
моделирования оказались неоднозначными, однако, было доказано наличие
значимой связи между защитой прав интеллектуальной ...
Added: December 31, 2025
Meissner D., Salati Marcondes de Moraes G. H., Brandão Fischer B. et al., / NRU Higher School of Economics. Series WP BRP "Science, Technology and Innovation". 2025. No. WP BRP /STI/2025.
Innovation has long been at the center of debates in economics, management, and organizational studies. However, innovation is never free of uncertainty and risk. Every act of innovation implies a departure from established paths and a willingness to embrace the unknown. From the beginning it's never clear if there is an audience which appreciates the ...
Added: November 28, 2025
Bogomolnaia A., Baklanov A., Victorova E., Games and Economic Behavior 2025 Vol. 154 P. 226–245
A set of 𝑘𝑛 indivisible items is to be allocated to 𝑛 agents; each agent has to get exactly 𝑘 items, and agents have additive utilities over bundles. Can one find an efficient and approximately fair allocation? In this setting, we introduce new notions of approximate fairness, based on exchange of two single objects, and ...
Added: November 26, 2025
Shchiptsova A., Obersteiner M., / Series General Economics "arxiv.org". 2025.
The addition of phosphorus, in the form of mineral fertilizer, becomes necessary in most agricultural soils in order to achieve consistent high yield levels of intensive farming and maintain soil fertility. Recent consolidation of phosphate fertilizer industry has transformed fragmented trade into a single integrated global network, where a small group of large-scale companies dominates ...
Added: November 21, 2025
Konstantin Polyakov, Marina Polyakova, Polyakov A., Procedia Computer Science 2025 Vol. 266 P. 205–212
This study is devoted to the analysis of the relationship between the solution of two different tasks facing the management of a commercial organization - ensuring the efficiency and sustainability of the business. An analysis of publications on this topic shows the existence of contradictory conclusions. The authors hypothesize that there is a strong statistical ...
Added: October 8, 2025
Kumbhakar S. C., Peresetsky A., Shchetinin E. et al., Econometrics and Statistics 2025 Vol. 36 P. 55–72
It is formally proven that if inefficiency (u) is modelled through its variance, considered as a function of exogenous variables z, then the marginal effects of z on technical inefficiency (TI) and technical efficiency (TE) have opposite signs in the typical setup with a normally distributed random error and an exponentially or half-normally distributed u. ...
Added: October 5, 2025
Zhu X., Jiang X., Fu S. et al., Advanced Energy Materials 2025 Vol. 15 No. 47 Article e03666
Perovskite solar cells (PSCs), as a promising photovoltaic technology, have achieved remarkable progress in efficiency. However, perovskite with soft-lattice nature inherently suffers from severe iodine losses under photothermal operation, leading to the irreversible degradation in their photovoltaic performance, thereby remaining a great challenge to achieving durable PSCs. Here, electrostatic iodine regulation is reported by rational ...
Added: October 4, 2025
Vasyunina M., Mikhail E. Kosov, Shmigol N. et al., Emerging Science Journal 2023 Vol. 7 No. 1 P. 207–227
Controlling is essential for public organizations to deliver optimal performance. However, the existing literature lacks sufficient knowledge to help organizations implement better strategies to enhance control. Therefore, this study examined the concept of control in the public sector, its impact on organizational efficiency, and a key focus on implementation. This study adopted a mixed approach ...
Added: September 29, 2025
Mylnikov L., Кунакбаев Д. Э., Иванов А. А., Информационные технологии и вычислительные системы 2025 № 3 С. 98–112
В статье рассматривается способ количественного исследования эффективности информационной инфраструктуры, систем и процессной деятельности с использованием нотации Event-driven Process Methodology (EdPM) и результатов имитационного моделирования работы структурны-функциональных моделей. Для оценки эффективности используются статистические данные, полученные в результате имитационного моделирования и метолы анализа графов. Приведен способ модификации PageRank алгоритма, который позволил ранжировать узлы по числу обращений, а ...
Added: September 25, 2025
Jakobson L. I., Журнал Новой экономической ассоциации 2025 № 1(66) С. 224–244
The purpose of the paper is to identify the objective circumstances limiting the effectiveness of self-organization. Self-organization is viewed as a type of relationship among individuals and organizations based on the norms other than those of remuneration which are typical of market institutions or the norms generated by the right to coercion inherent to the ...
Added: September 11, 2025
Saltykova A., В кн.: Саяпинские чтения: материалы VIII Международной научно-практической конференции. В 2-х частях Часть 1.: Тамбов: Тамбовский государственный университет им. Г.Р. Державина, 2025. С. 61–69.
В статье представлен анализ последствий реализации мер государственной поддержки в области креативных индустрий в России и за рубежом. Выявлены ожидаемые последствия поддержки субъектов креативных индустрий, а также неожиданные последствия, препятствующие высокой эффективности государственной поддержки в сфере креативных индустрий. ...
Added: September 2, 2025
Fayzulin M., Journal of Applied Economic Research 2025 Т. 24 № 3 С. 1023–1064
Studying market efficiency during periods of systemic shocks is an important and challenging task. This paper examines the transformation of the Russian financial market in the context of the structural shift that occurred in 2022.
The aim of the study is to analyze changes in investor behavior and fractional characteristics among different market segments using multifractal ...
Added: August 2, 2025
Mylnikov L., Мыльникова С. Л., Аврамович З., Научно-техническая информация. Серия 2: Информационные процессы и системы 2025 № 3 С. 1–7
The problem of generating effective configurations of structural and functional models of process activity using the EPM notation is discussed. A system of symbolic coding of topologies and a random search method are proposed, which allows generating a set of solutions based on previous options. The presented experiments show that the proposed method helps to ...
Added: June 4, 2025