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Возможна ли оптимальная финансовая архитектура компании? Сравнительный анализ компаний Европы, России и других стран с растущими рынками капитала
С. 329-339.
In book
Кн. 2. , М. : Издательский дом ГУ-ВШЭ, 2010
Масленникова М. А., Stepanova A. N., Корпоративные финансы 2010 № 3(15) С. 35-46
The paper is based on the study devoted to the ownership structure impact on corporate performance through the integrated conception of corporate financial architecture. The object of the study is top Russian and Brazilian public non-financial companies in the end of crisis 2008 year. First of all, we contribute to the literature by applying the ...
Added: October 27, 2012
Kokoreva M., Stepanova A., Journal of Corporate Finance Research 2012 No. 2 P. 34-44
In this paper we study the performance effects of capital structure, ownership structure and corporate governance mechanisms of Russian companies. To address the lack of research in corporate performance modeling in emerging markets we contribute to the literature by introducing cluster analysis of financial architecture and market performance of Russian companies. Our idea is to ...
Added: October 9, 2012
Ivashkovskaya I., Stepanova A. N., Journal of Management and Governance 2011 Vol. 15 No. 4 P. 603-616
Performance of the firm depends on its structural dimensions: capital structure, ownership structure and corporate governance. Their interactions are known as corporate financial architecture according to S. Myers. In this paper we analyze financial architecture which is a mix of ownership structure, capital structure, control and board’s composition, and therefore, provides the given framework for ...
Added: November 18, 2012
Stepanova A. N., Финансы и кредит 2009 № 44 С. 38-45
Статья посвящена изучению зависимости результатов деятельности компаний от различных механизмов корпоративного управления, а также прочих структурных характеристик компании. Автором предложен интегрированный взгляд на проблематику путем внедрения комплексной концепции финансовой архитектуры в модель стратегической эффективности компании. В статье представлены результаты эмпирического исследования 212 европейских и российских компаний. ...
Added: November 24, 2009
Ivashkovskaya I., Stepanova A. N., Kokoreva M. S., М. : ИНФРА-М, 2015
В монографии обосновывается и развивается новый подход к изучению фирмы и принимаемых в ней финансовых решений. Насколько драйверы эффективности компаний на практике соответствуют теоретическим представлениям о формировании корпоративной эффективности? Есть ли существенные различия между драйверами эффективности на развитых и развивающихся рынках? Нужно ли управлять структурой собственности компаний? Можно ли оптимизировать структуру капитала в отрыве от ...
Added: October 25, 2013
Ryabova E., Румянцева Т. В., Финансовая аналитика: проблемы и решения 2012 № 33 С. 39-46
Актуальность темы объясняется тем, что финансовая архитектура российских компаний является неэффективной и ее структурные характеристики в рамках интегрированного подхода нуждаются в доработке. В этой связи в статье определяются ключевые структурные характеристики современной компании, и проводится оценка их влияния на рыночную стоимость фирмы. ...
Added: September 6, 2012
Stepanova A., Ivantsova O., / Высшая школа экономики. Series FE "Financial Economics". 2012. No. 10.
After the financial crisis, the necessity to support large inefficient banks had a crucial impact on a number of economies in Europe. This paper focuses on the effect that corporate governance mechanisms has on performance for commercial banks operating in developed and emerging European markets. We test a model of market-based bank performance for a ...
Added: January 17, 2013
Ivashkovskaya I., Stepanova A. N., В кн. : Модернизация экономики и глобализация: В 3 кн. Кн. 3. Кн. 3.: М. : Издательский дом ГУ-ВШЭ, 2009. С. 180-187.
С годами все более популярным становится вопрос влияния на рыночную эффективность компании структуры ее собственности как одного из интегрированных компонентов финансовой архитектуры. Причина этого кроется в перманентно возрастающей конкуренции на рынке. Актуальность подобного исследования в России определяет также низкая степень проработанности изучаемой проблематики на данных отечественных компаний. В своем исследовании авторы попытались выявить влияние различных ...
Added: August 20, 2013
Stepanova A., Kokoreva M., Studies in Economics and Finance 2014
In this paper we study the performance effects of capital structure, ownership structure and corporate governance of Russian companies. To address the lack of research in corporate performance modeling in emerging markets we contribute to the literature by introducing a cluster analysis of the financial architecture and market performance of Russian companies. Our goal is ...
Added: October 25, 2013
Stepanova A. N., Kokoreva M. S., / Высшая школа экономики. Series FE "Financial Economics". 2013. No. WP BRP 21/FE/2013.
In this paper we study the performance effects of capital structure, ownership structure and corporate governance of Russian companies. To address the lack of research in corporate performance modeling in emerging markets we contribute to the literature by introducing a cluster analysis of the financial architecture and market performance of Russian companies. Our goal is ...
Added: October 25, 2013
Rossikhina M. Y., Россихина Г. Н., Известия Смоленского государственного университета 2018 № 3(43) С. 146-156
The article provides a comparative analysis of lexical items grouped by themes found in the Russian scholarly slang in XIX and XXI centuries. As a result, groups of similar topics that describe studies, leisure, bad habits, relations between students and teachers, as well as students` in-group relations have been identified. The examination of the original ...
Added: October 19, 2018
Heredia M., Kirtchik O. I., Laboratorium: Russian Review of Social Research 2010 Vol. 2 No. 2 P. 5-12
Introduction to a thematic issue entitled "Russia/former USSR/Latin America: Studies in Post-Authoritarian Transformation." Because of language barriers and a lack of institutionalized ties, the impressive literature on democratization in each of these areas is virtually unknown to authors from the other region. The striking similarities between the former Soviet Union and Latin America are best ...
Added: January 25, 2013
Nazarova V., Экономика сельского хозяйства России 2017 № 8 С. 30-38
The grain market has historically become the base for both the Russian and the world agro-food market. The condition of the grain market is a kind of indicator of the quality of economic reforms carried out in the country and the implementation of programs aimed at developing the country's agro-industrial complex. The development of the ...
Added: December 27, 2017
Gilman M. G., Вестник международных организаций: образование, наука, новая экономика 2011 № 4 С. 11-19
Writing the paper on the eve of the G20 summit in Cannes, the author expressed a view that except for French President Sarkozy, no one should be surprised by a disappointing outcome in Cannes. More importantly the author argues that this does not mean that the world economy will not be rebalanced just because the ...
Added: October 4, 2012
Лаврушин О. И., Криничанский К. В., Рубцов Б. Б. et al., М. : КноРус, 2022
The monograph contains an analysis of trends in the impact of digital technologies on financial markets and financial systems. It touches on discussions around such issues as structural transformations of financial systems; trends in the development of financial markets due to digitalization; transformation of the banking system in the context of digitalization; the impact of ...
Added: September 16, 2022
Иванинский И. О., Тюрина Е. И., Вестник Новосибирского государственного университета. Серия: Социально-экономические науки 2010 Т. 10 № 3 С. 125-132
Current article is dedicated to the relationship between effectiveness of usage of intellectual capital and capital structure of firms in Russia in 2005-2007. Current research showed that effectiveness of usage of intellectual capital of firms has a positive influence over the level of financial leverage. The result of the research has showed that the more ...
Added: October 18, 2012
Zuev V. N., Кучерявый П. В., Экономика XXI века 2010 № 6 С. 129-140
Прошло всего чуть более года с момента принятия в апреле 2009 года в Лондоне Лидерами государств Большой индустриальной двадцатки решения об учреждении Совета по финансовой стабильности. Однако за прошедшее время, по мнению многих экспертов, Совет превратился в центральную площадку выработки новых принципов глобального экономического регулирования. Авторы анализируют первые результаты работы Совета как интеллектуального треста G-20 ...
Added: July 2, 2013
Kapeliushnikov R., Demina N., / ГУ ВШЭ. Серия WP3 "«Проблемы рынка труда»". 2005. № WP3/2005/04.
The paper provides new survey evidence on effects of the firm’s performance and ownership profile on management turnover and succession patterns in Russian industrial firms. On the basis of the Russian Economic Barometer panel data authors analyze changes in average tenure of top managers in the REB respondent enterprises over 90's, estimate probabilities of their ...
Added: October 29, 2012
Alla Marchenko, Slovak Journal of Political Sciences 2014 Vol. 14 No. 4 P. 331-360
The research is focused on the nature of civic engagement across European countries and its prediction, based on European Values Study data (2008). A model of civic engagement which includes scalesof civic concern, civic confidence, non-violent elite-changing actions and organizational activities, which has been tested both on cross-country level and in pooled data, implies two ...
Added: March 28, 2015
Kazun A. D., ЭСфорум 2015 № 3 С. 12-16
В статье рассматриваются несколько примеров того, как по-разному объясняют социологи, психологи и экономисты воздействие погоды на жизнь отдельного индивида и общества в целом. ...
Added: July 5, 2015
Karminsky A. M., Sosyurko V. V., Журнал Новой экономической ассоциации 2011 № 12 С. 102-123
Article proposes comparative studies of credit ratings of the leading Russian and international rating agencies. We analyze approaches and the possibility of comparison of agencies’ rating scales. Purpose of this analysis is to propose method and describe the criteria for comparison of rating scales and the possibility of using standard econometric models. We demonstrate the ...
Added: September 27, 2012
Chirkova E. V., Корпоративные финансы 2010 № 3(15) С. 63-72
The article represents a review of the different theories of financial bubbles developed within modern financial theory. It is a concluding article in a series of three articles devoted to the theoretical foundations of financial bubbles. The previous articles are published in the e-journal The Corporate Finance, vol. 13-14, # 1-3, 2010. ...
Added: October 27, 2012
Polyakova M. V., Polyakov K. L., Journal of Corporate Finance Research 2016 No. 1(37) P. 102-118
This article is devoted to the exploration of the mechanism of making decision about the company’s financing structure. It is shown that the interaction between various financial characteristics of company plays statistically significant role in the capital structure determination. Namely their possible values space may be split into several areas in which different, but might ...
Added: April 8, 2016
Белозеров И. А., Никитюк М. Б., Николаева М. С. et al., Корпоративные финансы 2011 № 2 С. 54-69
An article represents a comprehensive overview of approaches to capital structure modeling on the example of the public corporation Silvinit. At first, there are provided a short review of the company and of the corresponding industry followed by the description of how the analogues for the company were chosen. The next part of the article ...
Added: October 2, 2012