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Выбор политики выплаты инвесторам:исследование рынка США
Финансовый журнал. 2022. Т. 14. № 1. С. 89–107.
Nazarova V., Иванова А. Н.
In recent years, U.S. share buyback costs have hit record highs, in part due to the 2017 Tax Reform, shareholder activity and record low borrowing costs.. The purpose of the study is to study the reasons for choosing a policy of payments to investors in American companies and the impact of share buybacks on the results of the company and the economic system. The study examined traditional theories that explain the choice of investor payout policy. The authors have highlighted the main motives of companies when making decisions on the payment mechanism. After examining the existing theoretical aspects of the choice of payment policy and the trend of US buybacks, a regression analysis of panel data was carried out to comprehensively study the causes and consequences of the choice of payment policy.
The study examined traditional theories that explain the choice of investor payout policy. The authors highlighted the main motives of companies when making decisions on the mechanism of payments. After examining the existing theoretical aspects of payment policy choices and US buyback trends, panel data regression analysis was performed to comprehensively investigate the causes and consequences of payment policy choices. The study identified management's motives for the share buyback and demonstrated the positive impact of share buybacks on the company's development.
Makarov I. A., Россия в глобальной политике 2026 Т. 24 № 4 (140) С. 164–182
Три с половиной года остаётся до 2030-го – окончания срока реализации Целей устойчивого развития (ЦУР) – главной международной инициативы, устанавливающей долгосрочные ориентиры для будущего человечества. Уже очевидно, что она провалилась: преодоление бедности, решение экологических проблем и построение инклюзивного и справедливого общества остались красивой мечтой. Кто-то может воспринимать ЦУР как памятник человеческой наивности. Но надо понимать, что эта ...
Added: September 14, 2026
Fedorova E., Ledyaeva S., Stepanov V., International Review of Economics and Finance 2026
This study investigates the influence of low-quality information, specifically fake news, on short
term stock returns, contributing to the discourse on signal theory and behavioral economics.
Employing a machine learning approach, the authors developed a robust fake news dataset from
publicly available sources. Sentiment analysis was conducted using a FinBERT model fine-tuned
for stock market contexts, alongside extensive dataset ...
Added: September 12, 2026
Карпова Д. А., Sizova I., Gordin V. E., Креативные индустрии 2026 Т. 2 № 2 С. 10–31
This article examines the musealisation of industrial heritage and its role in regional and corporate branding. The relevance of this study stems from deindustrialisation processes, the growth of industrial tourism, and the need to preserve historical memory, which is particularly important in the context of Russian realities—the lack of a legal definition of the concept ...
Added: September 9, 2026
Veselova L. S., Морозова В. С., Дарчиева А. А., Управленец 2026 Vol. 17 No. 4 P. 66–78
На фоне развивающихся торгово-экономических отношений между Россией и Китаем российские десерт- ные бренды получают новые возможности для выхода на китайский рынок. Однако их присутствие ограничено преи- мущественно приграничными регионами, а продвижение сдерживается недостаточной адаптацией к социокультурным особенностям китайских потребителей. Статья посвящена разработке практических рекомендаций по формированию стратегии адаптации российских десертных брендов к специфике китайского рынка. ...
Added: September 9, 2026
Kilinc-Ata N., Warong M. M., SN Business & Economics 2026 Vol. 6 Article 326(2026)
Green transitions are widely expected to attract cleaner capital and accelerate decarbonization; however, emerging-economy evidence increasingly challenges this assumption. This study examines the dynamic relationship between energy transition indicators and capital inflows in BRICS+ economies over the period 1996–2022, explicitly testing the “Green Haven” hypothesis under conditions of global uncertainty. Unlike much of the existing ...
Added: September 9, 2026
Warong M. M., International Journal of Diplomacy and Economy 2026
This study conducted in Indonesia between 2000 and 2023, demonstrates a complex, non-linear interplay between the economic environment and the emergence of clean energy start-ups. Using Autoregressive Distributed Lag and Markov Switching models, the research shows that start-up formation coincides with periods of lower GDP growth, suggesting that innovation is often spurred by necessity. Two ...
Added: September 9, 2026
Кореневский В. В., Экономика и математические методы 2026 Т. 25 № 3 С. 853–878
The US presidential election is a lengthy and complex process, during which candidates present their views and programs for reforming the country's politics and economy, while mass media broadcast these positions to a wide audience. In the most recent election, the topic of cryptocurrencies was used in the campaign for the electorate for the first ...
Added: September 8, 2026
Veselova A., Dikova D., Aray Y., Asia Pacific Journal of Management 2026
We examine board of directors’ gender diversity and corporate social responsibility (CSR) disclosure of Russian firms, and test for their effects on the market valuation of these firms. The Russian context is unique because gender disparity of boards and top management remains high in Russia due to historical legacy, absence of specific diversity-promoting regulations and ...
Added: September 8, 2026
Mozias P., Социальные и гуманитарные науки. Отечественная и зарубежная литература. Серия 9: Востоковедение и африканистика 2026 № 2 С. 173–208
Abstract. Over the years of market reforms, China has moved from an autarkic economy to the position of the world’s largest trading power, becoming a global leader both in export volume and in total foreign trade turnover. For a long time, China’s export success was commonly explained by her use of comparative advantages in labor-intensive ...
Added: September 7, 2026
Kolesnik N. A., Общество и экономика 2026 № 1-2 С. 114–134
Стремительно растущее население планеты и рост объемов индивидуального потребления при низкой включенности населения в экологические практики признается ключевым
препятствием на пути к экономике замкнутого цикла. В статье анализируется использование
огромного рекламно-коммуникационного потенциала крупных торговых сетей для вовлечения
населения в экономику замкнутого цикла через повышение экологической сознательности и популяризацию ответственного потребления. Эмпирической основой исследования стала база данных коммуникации шести ...
Added: September 6, 2026
Mishin A., Guerrieri L., Canzoneri M. et al., / Series 2026-042 "Finance and Economics Discussion Series (FEDS)". 2026.
Added: June 27, 2026
Kizko I., Grigorieva S., Вестник Московского университета. Серия 6: Экономика 2026 Т. 61 № 3 С. 122–152
The growing number of voluntary delistings on the Russian stock market in recent years has increased interest in the factors influencing companies’ decisions to leave public equity markets, particularly in the context of crisis-driven changes in the economic environment. The purpose of this study is to identify the determinants of voluntary delisting among Russian public ...
Added: September 18, 2025
Mishin A., Review of Economic Dynamics 2023 Vol. 51 P. 965–990
Regulated banks expand relative to shadow banks in recessions and when credit spreads are high, while regulated banks shrink relative to shadow banks in expansions and when credit spreads are low. Motivated by these facts, I build a quantitative general equilibrium model with endogenous risk taking to study how competitive interactions between regulated banks and ...
Added: December 16, 2023
Pomazanov M. V., , in: Risk Assessment and Financial Regulation in Emerging Markets' Banking: Trends and Prospects.: Springer, 2021. Ch. 6 P. 145–175.
This paper proposes an approach to decompose the RR/LGD model development process with two stages, specifically, for the RR/LGD rating model, and to calibrate the model using a linear form that minimizes residual risk. The residual risk in the recovery of defaulted debts is determined by the high uncertainty of the recovery level according to ...
Added: September 26, 2021
Mishin A., Canzoneri M., Diba B. et al., / Series Fed Working Paper "Finance and Economics Discussion Series". 2020. No. 2020-056.
We build a quantitatively relevant macroeconomic model with endogenous risk-taking. In our model, deposit insurance and limited liability can lead banks to make risky loans that are socially inefficient. This excessive risk-taking can be triggered by aggregate or sectoral shocks that reduce the return on safer loans. Excessive risk-taking can be avoided by raising bank ...
Added: February 8, 2021
Tsarkov I., Frolkina E., Научные исследования и разработки. Российский журнал управления проектами 2016 Т. 5 № 2 С. 41–54
Сбережение энергетических ресурсов во всех секторах экономики – одна из важнейших стратегических задач 21 века. Программы по повышению энергоэффективности как правило осуществляются паралелльно основной деятельности компании и тем самым создают дополнительную нагрузку на имеющийся бюджет. Экономическая эффективность от реализации такой программы не всегда бывает очевидна, поэтому решение о ее запуске может тормозиться, а фактическое исполнение ...
Added: July 16, 2016
Galanova A., В кн.: Финансовый менеджмент: Практикум. Учебное пособие.: М.: Academia, 2011. Гл. 13 С. 165–176.
В главе сначала дается краткая аннотация по дивидендной политике акционерного общества и ее особенностях в рамках российского законодательства. Затем приводится ряд практических заданий с ответами, а также список рекомендуемой литературы. ...
Added: January 29, 2014
Khasyanova S. Y., Suchkova E. O., Банковское дело 2013 № 11(239) С. 68–74
In July 2013. Basel Committee on Banking Supervision published a new version of the document concerning the identification and regulation of systemically important financial institutions. In this paper modified version of the Basel Committee’s method is proposed, taking into account the features of the banking sector in Russia and approbation of the proposed method on ...
Added: December 5, 2013
Usoskin V. M., Belousova V., Клинцова М. В., Деньги и кредит 2013 № 9 С. 32–38
According to recent empirical studies, the new regulatory proposals concerning capital and liquidity standards as well as monitoring of global systemically important financial institutions may lead in a decline of the annual growth rates of GDP due to increase in lending rates and reduction of lending activities of commercial banks. At the same time, some ...
Added: September 14, 2013
Kuzmichev K., Вопросы новой экономики 2012 № 4(24) С. 20–24
Main aim of this article is to investigate a new mechanism for Russian companies of dividend policy – share repurchases. The author comes to the conclusion that only few hypotheses of share repurchases stated in developed countries could be confirmed with the use of Russian data. Moreover there are some phenomena peculiar for Russia. ...
Added: January 9, 2013
Кулакова А. Н., Аудит и финансовый анализ 2010 № 5 С. 274–252
The author considers the conflict between NPV and IRR criteria in investment projects with non-conventional cash flows. This paper presents a new measure - the generalized net present value (GNPV) - to eliminate the disadvantages of the NPV in investment projects with non-conventional cash flows. The GNPV is a monotonically decreasing function of the discount ...
Added: September 28, 2012
Andrievskaya I. K., Lvov N. P., Malkov E. S. et al., Банковское дело 2012 № 2 С. 21–27
Статья продолжает цикл публикаций по анализу предлагаемых Базельским комитетом по банковскому надзору мер регулирования банковской системы на международном и страновом уровнях. Рассматриваются основные положения опубликованного в ноябре 2011 г. консультативного документа, в котором была предложена методика определения требований к капиталу по сделкам с центральными контрагентами. Приводятся комментарии международного сообщества, предлагаются возможные варианты изменений документа, подготовленные ...
Added: September 1, 2012