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Currency risk and the dynamics of German investors entry and exit in Russia
Emerging Markets Review. 2023. Vol. 55. Article 101023.
Using a complete manually collected set of 3435 Russian firms with German capital in 2003–2020, we examine the effect of currency risk on the dynamics of German investors’ entry and exit into the Russian market via foreign direct investment. We document that German investors were relatively tolerant towards currency risk before 2014, and became highly sensitive post 2014. We conclude that, along with geopolitical factors, the free floating exchange rate
regime adopted by the Central Bank of Russia in 2014 affected the incentives of German investors.
We discuss various mechanisms to explain these findings.
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
Boltachev M., Ymer 2026 Vol. 25 No. 8 P. 130–161
The field of business model adaptation (BMA) remains conceptually fragmented: definitions, antecedents, and typological patterns are scattered across isolated empirical studies, precluding cumulative theory-building. This systematic review aims to synthesise the existing literature on BMA by mapping how the construct is defined, what drives it, and what typological patterns can be identified. Following the SPAR-4-SLR ...
Added: September 4, 2026
Churakova I., Кумар В., Dianli Xitong Baohu yu Kongzhi/Power System Protection and Control 2026 No. 54 (3) P. 428–454
Purpose
This study examines the impact of Predictive Intelligence (PI) and Real-Time Data Insights (RDI) on Corporate Financial Sustainability (CFS), while controlling for organizational factors, industry factors, and AI-related risk factors. The research aims to determine whether these analytic capabilities (PI and RDI) individually and jointly contribute to long-term financial resilience and performance in modern organizations.
Theoretical ...
Added: September 4, 2026
Elyashevich I., Вестник Московского университета. Серия 6: Экономика 2026 Т. 61 № 3 С. 363–384
The study examined the properties of the normal distribution of the values of shipments of stocks of various categories from warehouses of large industrial companies. As a result, it was revealed that the use of the classical normal distribution, in some cases, may give incorrect results, since the values of stock shipments are positive values, ...
Added: September 3, 2026
Методы оценки структурных изменений в векторных и матричных агрегатах макроэкономических показателей
Lesnykh M., Motorin V., Тенденции экономического развития в XXI веке: Материалы VIІІ Международной научно-практической конференции, Республик Беларусь 2026 P. 233–236
The paper deals with comparative analysis of various methods for measuring and studying dynamics of structural macroeconomic indicators that reflect the peculiarities in a movement of multi-component macroeconomic systems. The metric, trigonometric and angular measures of structural changes are considered within vector formalism. Intertemporal orthogonal decomposition of a vector aggregate into the sum of quantity ...
Added: September 3, 2026
Zaruckiy M., Motorin V., Тенденции экономического развития в XXI веке: Материалы VIІІ Международной научно-практической конференции 2026 P. 237–240
The paper is devoted to developing the complex of input–output models for evaluating a potential receptivity of an economy to import substitution in final use and intermediate consumption ...
Added: September 3, 2026
Koshcheev D., Isopeskul O., М.: Инфра-М, 2027.
государственным служащим.
The monograph presents the results of a comprehensive analysis of the evolution of research related to the assessment of the tourist potential of administrative-territorial units (ATUs) from 1882 to 2024. For the first time, scientific schools are identified, and the author's approach to predictive values and a methodology for the quantitative assessment of the ...
Added: September 3, 2026
Podudanskaya V., Sizykh N., Sizykh D., , in: 2025 18th International Conference on Management of Large-Scale System Development (MLSD).: IEEE, 2025. P. 1–5.
In conditions of high exchange rate volatility, selecting an optimal hedging instrument is a pressing task for companies engaged in international trade. The purpose of this study is a comparative analysis of the effectiveness of hedging methods (forward, futures, and options contracts) for insuring currency risks in the Russian market. The conducted research analyzes hedging ...
Added: February 1, 2026
Penikas H. I., Вопросы экономики 2024 № 12 С. 69–85
Предложено развитие модели Мертона-Васичека для учета валютных кредитов в портфеле ссуд и определения величины валютных макронадбавок к риск-весам в нормативе достаточности капитала. Показано, как величины надбавок зависят от волатильности обменного курса, и от соотношения валютных активов и пассивов типичных заемщиков в таком портфеле ссуд. Дополнительно обоснована целесообразность аддитивного, а не мультипликативного учета валютного курса в ...
Added: November 17, 2024
Conteduca F. P., Kazakova E., / Series CRC TR 224 "Discussion Paper Series". 2018.
Added: November 5, 2018
Sobolev A., РИСК: Ресурсы, информация, снабжение, конкуренция 2017 № 3 С. 159–166
The topicality of capital allocating efficiency increasing becomes more urgent with the volatility growth in financial markets. The article provides an innovative approach for currency risks management using composite currency pairs indexes forming stationary time series. ...
Added: January 22, 2018
Dranev Y., Levin A., Kuchin I., Foresight 2017 Vol. 19 No. 6 P. 615–627
Purpose. The purpose of this research is to look at effects of research and development expenditures (R&D) on value and risks of publicly traded companies by studying returns on stock exchanges of R&D-intensive economies (Republic of Korea, Finland, and Israel). Design/Methodology/Approach. Empirical tests of multifactor asset pricing models were applied in order to demonstrate that ...
Added: September 19, 2017
Pestova A., Pankova V., Akhmetov R. et al., Деньги и кредит 2017 № 6 С. 49–58
In this paper we propose a system of financial stress indicators for Russia based on high frequency data. Unlike previous studies, we identify financial instability for different types of financial risks (credit, liquidity, currency, interest rate, external finance risk), not for different segments of financial market. With constructed composite indicator of systemic risk at hand, ...
Added: June 9, 2017
Shvets S. K., Известия Санкт-Петербургского государственного экономического университета 2016 № 6(102) С. 29–41
The article deals methodological aspects currency risk management non-financial company in conditions of uncertainty. The proposed economic mechanism of analysis and assessment of currency of RiskMetrics. The developed algorithm for risk assessment based on statistical modeling (Monte-Carlo). Consider a practical example of the calculation of the currency risk of the Group companies and their elimination ...
Added: February 20, 2017
Dobrynskaya V. V., Review of International Economics 2015 Vol. 23 No. 2 P. 345–360
Added: March 23, 2015
Kandaurov D., Вестник Южно-Уральского государственного университета. Серия "ЭКОНОМИКА И МЕНЕДЖМЕНТ" 2014 Т. 8 № 4
The paper deals with the problem of determining optimal position in foreign currency for an international investor. In the first part of the paper effectiveness of international diversification is considered. In the second part the author considers modern models designed for determining optimal position in currency for international investor depending on his aims (risk minimization, ...
Added: October 22, 2014