Corporate Governance and Finance in Poland and Russia
NY: Palgrave Macmillan, 2006.
Under the general editorship: Mickiewicy T.
Kapeliushnikov R., , , , in: Corporate Governance and Finance in Poland and Russia. .: NY: Palgrave Macmillan, 2006.. P. 177-193.
Added: December 14, 2012
, Corporate governance and control in Russian banks / НИУ ВШЭ. Series WP1 "Институциональные проблемы российской экономики". 2007. No. 02.
The Working Paper examines peculiarities of the Russian model of corporate governance and control in the banking sector. The study relies upon theoretical as well as applied research of corporate governance in Russian commercial banks featuring different forms of ownership. We focus on real interests of all stakeholders, namely bank and stock market regulators, bank ...
Added: April 2, 2013
, Corporate governance and control in Russian banks / University Library of Munich. Series "Munich Personal RePEc Archive". 2008. No. 10028.
The Working Paper examines the peculiarities of the Russian model of corporate governance and control in the banking sector. The study relies upon theoretical as well as applied research of corporate governance in Russian commercial banks featuring different forms of ownership. We focus on real interests of all stakeholders, namely bank and stock market regulators, ...
Added: September 3, 2012
, Корпоративные финансы 2017 Т. 11 № 3 С. 79-99
In this paper, we have estimated the probability for default in large construction companies in Russia using the classic method for this purpose – logistic regression. Our task incorporates testing corporate governance factors and analyzing the predictive power of the model with regularization (Lasso and Ridge). For the dependent variable, we tested four definitions of default and then ...
Added: October 17, 2017
, , , European Journal of Finance 2008 No. vol.14 issue 4 P. 337-358
This paper evaluates the impact of ownership concentration on firm performance in a weak institutional environment. Specifically, using new survey evidence, we seek to appraise quantitatively the performance of block-holder-controlled firms in Russia and to identify, within the domain of corporate governance theory, factors that may explain such performance. We find evidence of negative association ...
Added: December 16, 2012
, Корпоративные финансы 2012 № 1(21) С. 24-32
В статье рассматривается авторский подход к периодизации этапов эволюции совета директоров в российских компаниях. Оценены перспективы и возможности дальнейшего развития этого института. Автор выделяет этапы на основе того, как менялась роль советов в российских компаниях. В результате исследования выделено три этапа эволюции роли совета директоров в России. Кроме этого, продемонстрирована система факторов (институциональная среда, правовое ...
Added: December 26, 2012
, , , Journal of Applied Economic Sciences 2015 Vol. X No. 6(36) P. 929-945
What is the relationship between the two largest emerging financial markets of Eastern Europe, Russia and Poland, and how do they impact the region’s stock markets? The purpose of this paper is to examine the role of these two countries in regional volatility by examining their effect on two separate phenomena: financial volatility, defined here ...
Added: November 30, 2015
, , , Российский журнал менеджмента 2018 Т. 16 № 1 С. 95-108
The successful activities of any commercial organization, in particular the bank, are based on a clear corporate financial architecture: an effective financial strategy and corporate governance system (relationship management, board of directors and shareholders). CEO is the main representative of the bank and a reflection of its success or failure in the market. In this regard there is a ...
Added: April 3, 2018
Russian Firms: Business Environment, Internal Organization and Behavior // In «Russia e Europa dell’Est: Progetti e prospettive di crescite»
, Russian Firms: Business Environment, Internal Organization and Behavior // In «Russia e Europa dell’Est: Progetti e prospettive di crescite» / University of Verona: Polo Scientifico Diddattico «Studi sull’ impresa» and Center for International Studies. Series "Serie di Studi Scentifici". 2012. No. 1.
The paper studies recent development in organization and behavior of Russian firms against the background of economic growth, the world crisis and post-crisis recovery. The main focus of the paper is a problem of investment, including foreign direct investment as a key determinant of Russian enterprises restructuring and modernization. In the context special attention was ...
Added: June 28, 2012
, , Вестник международных организаций: образование, наука, новая экономика 2016 Т. 11 № 4 С. 60-76
This article analyses the evolution of the Organisation for Economic Co-operation and Development’s (OECD) Principles of Corporate Governance and the economic environment of their transformation, as well as the key changes in the third version of the document adopted in 2015. The authors conclude that this version reflects the recent challenges related to the role ...
Added: December 8, 2016
, , Possible impact of corporate governance profile on a Russian bank valuation / UCL SSEES Centre for Comparative Economics. Series "Economics Working Paper". 2008. No. 95.
This paper aims at explaining the differences in valuation of banking firms in Russia through the impact of selected elements of corporate governance. We rely upon value-based management theory to test the hypothesis that expenses on corporate governance system create shareholder value. The price at which share stakes are acquired by strategic foreign investors is ...
Added: September 3, 2012
, , Journal of Corporate Finance Research 2008 No. 7 P. 5-16
This paper aims at explaining the differences in valuation of banking firms in Russia from a quality of governance point of view. A sample of acquisition deals and public offerings over the last 5 years is collected with the view of discovering factors that investors deem significant in making a decision whether to invest in ...
Added: February 5, 2013
Does corporate governance really predict firms’ market values in emerging markets? The case of Russian banks
, Journal of Corporate Finance Research 2013 No. 3(27) P. 23-36
The paper aims to add to the literature on the connection between corporate governance and company valuation. We refer to the case of the Russian banks to suggest that connection between gpvernance and the stock price cannot be established in a convincing way due to data scarcity. Russia's stock market can supply sufficient statistical material ...
Added: November 16, 2013
, Современная Европа 2010 № 4 С. 89-98
Polish model of system transformation and its flexible approach to privatization of state-owned enterprises appeared to be successful. While the vast majority of East European countries as well as Russia suffered a GDP contraction, Poland goes on ahead, though at a slower pace. The article analyses concepts and mechanisms of privatization in Poland, reveals its ...
Added: October 3, 2012
Lanham: Lexington Books, 2015
This book pulls together experts in the fields of economics and Russian culture, all participants in the Samuel P. Huntington Memorial Symposium on Culture, Cultural Change and Economic Development, a follow-up to the 1999 Cultural Values and Human Progress Symposium at Harvard University. As the sequel to the 2001 volume Culture Matters, it discusses modernization, ...
Added: April 30, 2015
Exports-performance relationship in Russian manufacturing companies: Does foreign ownership play an enhancing role?
, , Baltic Journal of Management 2018 Vol. 13 No. 1 P. 20-40
Purpose - The purpose of this paper is to examine the relationship between export activity and firm performance for a positive impact of foreign direct investments. We also analyse two possible causes of the effect: technology transfer and financial support. The theoretical background is rooted in the resource-based approach taking into account multinational companies’ perspective ...
Added: October 15, 2016
, Russian Journal of Economics 2016 Vol. 2 No. 3 P. 302-326
Since the collapse of the Soviet Union, its successor states have suffered from cyclical currency crises. The most recent episode of 2014–2016 was caused by a combination of external and domestic factors. The former include tighter US monetary policy, slower global growth, and declining commodity prices, whereas the latter include the former Soviet Union (FSU) ...
Added: October 27, 2016
Copula-Application To Modelling Russian Banking System Capital Adequacy According to Basel II IRB-Approach
, , Model Assisted Statistics and Applications 2012 Vol. 7 No. 4 P. 267-280
According to the strategy of the banking system development until 2015, the Central Bank of Russia is going to implement Basel II Internal-Ratings-Based (IRB) approaches in 2015, while Basel III is planned to be introduced in full starting from 2019. Taking into account the effects of the Basel II regulation during the crisis 2008-2009, in ...
Added: November 6, 2012
, , Journal of Corporate Finance Research 2019 Vol. 13 No. 1 P. 107-119
In this paper, the authors focus on two primary governance mechanisms which can be considered as sources of support for startup companies: the company’s ownership contingent and the company’s management personnel. Based on descriptive statistics from a sample of 416 Skolkovo start-ups from the ‘Nuclear’ and ‘Space’ clusters, and a Start-up-Barometer survey of 300 IT-entrepreneurs, ...
Added: August 28, 2019
, , , Bank ownership and profit efficiency of Russian banks / Bank of Finland Institute for Economies in Transition. Series DP "BOFIT Discussion Papers". 2018. No. 5.
The paper examines how type of ownership affects the profit efficiency of Russian banks. Using bank-quarter data for selected banks in the period 2004–2015, we combine stochastic frontier analysis (SFA) methodology with an intermediary approach to assess profit efficiency. Our key findings show that foreign-owned banks are the most efficient, followed by state-owned banks and ...
Added: February 22, 2018
, , , Foresight 2017 Vol. 19 No. 5 P. 528-540
Purpose – The purpose of the study is to show the technical potentials of a variety of renewable energy sources in Russia, as well as benefits from their deployment including hydrocarbon savings, emission reduction and lower energy cost. Design/methodology/approach – In the paper, Russia is compared with other countries in terms of actual installed capacity ...
Added: September 25, 2017
Governance of Commons in a Large Nondemocratic Country: The Case of Forestry in the Russian Federation
, , Publius 2014 Vol. 44 No. 2 P. 298-323
A substantial portion of Elinor Ostrom’s work critically examines the interplay between decentralization and efficient governance of commons. Ostrom’s suggestion is to shift from the dichotomous view of decentralization versus centralization to a more complex picture, labeled “polycentric governance.” This article applies this theory and uses a novel data set to test how the allocation ...
Added: October 19, 2015
, Monetary regime choice and optimal rationing of credit at official rate: the case of Russia / Высшая школа экономики. Series WP BRP "Economics/EC". 2015. No. WP BRP 103/EC/2015.
Stabilizing monetary policy in small open economy is constrained by the open economy trilemma. In a crisis this constraint may not allow Central Bank to cut interest rate because it may cause huge capital flight and subsequent problems. In this paper we investigate whether performed by Central Bank rationing of credit at official rate may ...
Added: October 22, 2015
, , Балтийский регион 2019 Т. 11 № 1 С. 43-59
The ethnic makeup of the population significantly affects the domestic policy of any state, and its relations with neighbouring countries. Although interactions with ethnic minorities are not as urgent a problem in Lithuania as they are in the two other Baltic States, ethnicity-related conflicts continue to occur, particularly, as regards the relations between the Lithuanian ...
Added: November 8, 2019
Концепция «продовольственных режимов» как модель объяснения стратегий аграрного развития (на примере России и Бразилии)
, , et al., Вестник Российского университета дружбы народов. Серия: Социология 2019 Т. 19 № 2 С. 261-276
The ‘food regime’ approach was introduced as a historical method of “incorporated comparison” (P. McMichael). This comparison of the role of agriculture in the world-system made some scholars overemphasize an excessively unitary and coherent global food regime. The authors recognize this approach as a historical-comparative analytical tool to understand global trends, but argue that the Russian and Brazilian agrarian ...
Added: June 24, 2019