• A
  • A
  • A
  • АБВ
  • АБВ
  • АБВ
  • A
  • A
  • A
  • A
  • A
Обычная версия сайта
  • RU
  • EN
  • HSE University
  • Publications
  • Book chapter
  • The duality of equilibrium between the stock price and the fair value for a fast-growing company
  • RU
  • EN
Расширенный поиск
Высшая школа экономики
Национальный исследовательский университет
Priority areas
  • business informatics
  • economics
  • engineering science
  • humanitarian
  • IT and mathematics
  • law
  • management
  • mathematics
  • sociology
  • state and public administration
by year
  • 2028
  • 2027
  • 2026
  • 2025
  • 2024
  • 2023
  • 2022
  • 2021
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
  • 2010
  • 2009
  • 2008
  • 2007
  • 2006
  • 2005
  • 2004
  • 2003
  • 2002
  • 2001
  • 2000
  • 1999
  • 1998
  • 1997
  • 1996
  • 1995
  • 1994
  • 1993
  • 1992
  • 1991
  • 1990
  • 1989
  • 1988
  • 1987
  • 1986
  • 1985
  • 1984
  • 1983
  • 1982
  • 1981
  • 1980
  • 1979
  • 1978
  • 1977
  • 1976
  • 1975
  • 1974
  • 1973
  • 1972
  • 1971
  • 1970
  • 1969
  • 1968
  • 1967
  • 1966
  • 1965
  • 1964
  • 1963
  • 1958
  • More
Subject
News
September 30, 2026
'We Did Not Limit the Time for Questions'
The International Laboratory for Supercomputer Atomistic Modelling and Multi-Scale Analysis at HSE University held a major conference on molecular dynamics. Participants had the opportunity to attend all the presentations, while speakers were given as much time as they needed to answer questions. The HSE News Service interviewed Grigory Smirnov, Head of the Laboratory, and Genri Norman, Chief Research Fellow, about the conference preparations and the discussions it generated.
September 25, 2026
AI Users Earn Up to 41.8% More Than Non-Users
Research conducted by economists at HSE University has revealed a significant correlation between the regular use of GenAI in the workplace and higher pay among Russian employees. The study found that individuals who frequently use GenAI in their professional activities earn notably more than those who reject these new tools or resort to them occasionally. The salary premium for highly qualified specialists reaches 41.8%. The article was published in the Voprosy Ekonomiki journal.
September 24, 2026
‘Feedback and Constructive Criticism Are Essential in Our Profession
Vincent Fardeau, Associate Professor at HSE ICEF, has reached a major career milestone: he recently published his paper ‘Asymmetric Thin Markets’ in the Journal of Financial Economics, successfully passed his major academic review, and received tenure. In this interview, Vincent discusses the story behind the paper, explains the concept of asymmetric thin markets, and shares his advice for young scholars aiming to publish in top-tier journals.

 

Have you spotted a typo?
Highlight it, click Ctrl+Enter and send us a message. Thank you for your help!

Publications
  • Books
  • Articles
  • Chapters of books
  • Working papers
  • Report a publication
  • Research at HSE

?

The duality of equilibrium between the stock price and the fair value for a fast-growing company

P. 477–480.
Ichkitidze Y.

The paper represents a model demonstrating the duality of equilibrium between the fair value and the market stock price for a fast-growing company. The existing stock price evaluation methods ignore this peculiarity, which gives rise to an unexpected error. The results of the model contribute to reconsideration of the problem of stock price dynamics.

Language: English
Full text
DOI
Text on another site
Keywords: real optionmultiple equilibriaestimate of fair valuefeedback effects

In book

Proceedings of the XIX International Conference on Soft Computing and Measurements SCM`2016
St. Petersburg: IEEE, 2016.
Similar publications
Application of valuation techniques for financial reporting purposes (на англ. языке). Применение методологии оценки стоимости при подготовке финансовой отчетности.
Tikhomirov D., M.: -, 2013.
The book includes current issues in valuation of certain assets and liabilities for financial reporting purposes: investment property, intangible assets, biological assets, leased assets, employee benefit obligations and other. ...
Added: April 4, 2023
Theoretical and Methodological Substantiation of Boundaries and Integrity in Landscape Cover and Its Components
A. N. Krenke, R. B. Sandlersky, A. S. Baybar et al., Известия РАН. Серия биологическая. 2023 Vol. 50 No. 1 P. S85–S99
Four main models of the appearance of boundaries (in a particular case, integrity), arising from the theory of nonlinear dynamic systems, are considered briefly. On the basis of Kotelnikov’s fundamental sampling theorem and, accordingly, general information theory, the character of a distinguished boundary as a function of the sampling frequency in a spatial series with a ...
Added: December 2, 2022
Financial Instability Under Innovation Development: Reasons and Regulation Within the Model of Evolutionary Processes
Ichkitidze Y., , in: Industry 4.0: Entrepreneurship and Structural Change in the New Digital Landscape.: Springer, 2017. Ch. 6 P. 137–153.
In this paper, we suggest an approach to the study of the financial instability based on the model of evolutionary processes. In the first place, we present some empirical facts that confirm that the stock’s price dynamics is better described by the Markov switching model rather than by the pure random walk. Further, using the ...
Added: April 11, 2017
The optimal debt size under instability of financial markets
Ichkitidze Y., Zvontsov A., , in: Proceedings of the XIX International Conference on Soft Computing and Measurements SCM`2016.: St. Petersburg: IEEE, 2016. P. 525–528.
Added: December 13, 2016
Examination of the behavior of R&D returns using a power law
Casault S., Groen A. J., Linton J. D., Science and Public Policy 2013 Vol. 40 No. 2 P. 219–228
This paper provides an improved model, based on historical data, that describes the returns on assets that result from R&D efforts to assist managers of public and private R&D activities. Such a model may lead to better decision support tools to monetize the value that may be extracted from R&D, which is otherwise often undervalued. ...
Added: October 19, 2015
  • About
  • About
  • Key Figures & Facts
  • Sustainability at HSE University
  • Faculties & Departments
  • International Partnerships
  • Faculty & Staff
  • HSE Buildings
  • HSE University for Persons with Disabilities
  • Public Enquiries
  • Studies
  • Admissions
  • Programme Catalogue
  • Undergraduate
  • Graduate
  • Exchange Programmes
  • Summer University
  • Summer Schools
  • Semester in Moscow
  • Business Internship
  • Research
  • International Laboratories
  • Research Centres
  • Research Projects
  • Monitoring Studies
  • Conferences & Seminars
  • Academic Jobs
  • Yasin (April) International Academic Conference on Economic and Social Development
  • Media & Resources
  • Publications by staff
  • HSE Journals
  • Publishing House
  • iq.hse.ru: commentary by HSE experts
  • Library
  • Economic & Social Data Archive
  • Video
  • HSE Repository of Socio-Economic Information
  • HSE1993–2026
  • Contacts
  • Copyright
  • Privacy Policy
  • Site Map
Edit