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Of all publications in the section: 10
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Working paper
Vernikov A. V. Munich Personal RePEc Archive. University Library of Munich, 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, bank owners, investors, top managers and other insiders. The Anglo-American concept of corporate governance, based on agency theory and implying outside investors’ control over banks through stock market, is found to bear limited relevance. We suggest some ways of overcoming the gap between formal institutions of governance and the real life.

Added: Sep 3, 2012
Working paper
Oberemko O. A., Moskovskaya A. A., Chernysheva M. Munich Personal RePEc Archive. University Library of Munich, 2014. No. 54893.
The paper is dedicated to organizational dependence – independence of social enterprises (SEs) taking into account their multifaceted nature and complex business models shaping in line with the task of solving social problems at the crossroads of market, not-for-profit activity and state regulation. The paper is aimed at theoretical and empirical clarification of organizational nature of SEs on the basis of the international comparative study. We aimed to clarify the following issues: - To what extent the SEs in different countries (macro-regions) are oriented to the distinct forms of partnerships and do any of them have special bias to the state? - What factors play the main role in the character of a SE partnership (interactions) with stakeholders? - Do partnership forms relate to the level of independence of a SE from some bigger organizations or from the state? - Can we say that “independence” is most likely a characteristics of predominantly market oriented SEs (in terms of business model choice)? As the sampling frame of the survey we used the database of the fellows of Ashoka International network — the largest organization supported the leaders of social entrepreneurship worldwide. Respondents filled online a formalized questionnaire with 76 questions, and for the period from May through November, 2012 we received 128 questionnaires from 38 countries worldwide filled in English or Spanish. The subject of the research is social and economic activity of the SEs including strategy formation, assessment of condition of the target social groups, fundraising, partnership with other organizations, interactions with local and central governments, social, economic and institutional barriers of organizational activity. The data were processed with a SPSS package.
Added: Mar 29, 2015
Working paper
Vernikov A. V. Munich Personal RePEc Archive. University Library of Munich, 2010. No. 21373.

This paper uses the banking industry case to show that the boundaries of public property in Russia are blurred. A messy state withdrawal in 1990s left publicly funded assets beyond direct reach of official state bodies. While we identify no less than 50 state-owned banks in a broad sense, the federal government and regional authorities directly control just 4 and 12 institutions, respectively. 31 banks are indirectly state-owned, and their combined share of state-owned banks’ total assets grew from 11% to over a quarter between 2001 and 2010. The state continues to bear financial responsibility for indirectly owned banks, while it does not benefit properly from their activity through dividends nor capitalization nor policy lending. Such banks tend to act as quasi private institutions with weak corporate governance. Influential insiders (top-managers, current and former civil servants) and cronies extract their rent from control over financial flows and occasional appropriation of parts of bank equity.

Added: Sep 3, 2012
Working paper
Karpov A. V. Munich Personal RePEc Archive. University Library of Munich, 2016. No. 70976.
This paper provides evolutionary game theoretic model of plagiarism. The paper finds the relationship between author effort, publication value, and the frequency of plagiarism. There are two types of equilibria. Plagiarist-free equilibria are neutrally stable. The only evolutionary stable state is characterized by a positive share of plagiarists.
Added: Jun 3, 2016
Working paper
Aldieri L., Kotsemir M. N., Vinci C. P. Munich Personal RePEc Archive. University Library of Munich, 2017. No. 77274.
Available at SSRN: https://ssrn.com/abstract=2931340  The aim of this paper is to investigate the role of Jacobian externalities stemmed from different technological sectors for international firms engaged both in environmental and in dirty activities. Firms’ innovation, measured, as the development of new patents, is a key factor behind the achievement of desired economic performances. Empirical literature usually deals with the integration between ecological efficiency and product value enhancement. The results of these studies lead to the lack of integrated innovation adoption behind environmental productivity performance.  In this work, we analyse the integration between more environmental goals in an original way, by applying different methodologies to compute technological proximity, based on the Mahalanobis approach. To this end, we use information from 240 large international firms, located in three economic areas: USA, Japan and Europe and we select their environmental and dirty patents from European Patent Office data.
Added: Jun 7, 2017
Working paper
Sandomirskaia M. Munich Personal RePEc Archive. University Library of Munich, 2017. No. 83152.
This paper provides an extended analysis of an equilibrium concept for non-cooperative games with boundedly rational players: a Nash-2 equilibrium. Players think one step ahead and account all profitable responses of player-specific subsets of opponents because of both the cognitive limitations to predict everyone's reaction and the inability to make more deep and certain prediction even about a narrow sample of agents. They cautiously reject improvements that might lead to poorest profit after some possible reasonable response. For $n$-person games we introduce a notion of reflection network consisting of direct competitors to express the idea of selective farsightedness. For almost every 2-person game with a complete reflection network, we prove the existence of Nash-2 equilibrium. Nash-2 equilibrium sets in the models of price and quantity competition, and in Tullock's rent-seeking model with 2 players are obtained. It is shown that such a farsighted behavior may provide a strategic support for tacit collusion.  
Added: Jan 27, 2018
Working paper
Aldieri L., Kotsemir M. N., Vinci C. P. Munich Personal RePEc Archive. University Library of Munich, 2017. No. 79408.
Available at SSRN:  https://ssrn.com/abstract=2913517 The aim of this paper is to investigate the impact of external research collaborations on the scientific performance of academic institutions. Data are derived from the international SCOPUS database. We consider the number of citations of publications to evaluate university performance in Russia. To this end, we develop a non-overlapping generations model to evidence the theoretical idea of research externalities between academic institutions. Moreover, we implement different empirical models to test for the effect of external scientific collaborations on the institutional research quality. The results confirm an important positive impact of co-authoring process.
Added: Jun 7, 2017
Working paper
Верников А. В. Munich Personal RePEc Archive. University Library of Munich, 2009. № 15379.
Added: Sep 3, 2012
Working paper
Верников А. В. Munich Personal RePEc Archive. University Library of Munich, 2012. № 40236.
Added: Sep 3, 2012
Working paper
Верников А. В. Munich Personal RePEc Archive. University Library of Munich, 2009. № 17897.
Added: Sep 3, 2012