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News
May 22, 2026
HSE Graduates AI Project Wins at TECH & AI Awards
Daria Davydova, graduate of the HSE Graduate School of Business and Head of the AI Implementation Unit at the Artificial Intelligence Department of Alfa-Bank, received a prize at the TECH & AI Awards. She was awarded for the best AI solution for optimising business processes. The winners were determined as part of the VII Russian Summit and Awards on Digital Transformation (CDO/CDTO Summit & Awards).
May 20, 2026
HSE University Opens First Representative Office of Satellite Laboratory in Brazil
HSE University-St Petersburg opened a representative office of the Satellite Laboratory on Social Entrepreneurship at the University of Campinas in Brazil. The platform is going to unite research and educational projects in the spheres of sustainable development, communications and social innovations.
May 18, 2026
The 'Second Shift' Is Not Why Women Avoid News
Women are more likely than men to avoid political and economic news, but the reasons for this behaviour are linked less to structural inequality or family-related stress than to personal attitudes and the emotional perception of news content. This conclusion was reached by HSE researchers after analysing data from a large-scale survey of more than 10,000 residents across 61 regions of Russia. The study findings have been published in Woman in Russian Society.

 

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The Threshold Effect of Board Characteristics, Corporate Social Responsibility and Brand Value

Journal of Corporate Finance Research. 2024. Vol. 18. No. 3. P. 26–37.
Wu Y., Ke D., Liu Z., Ivashkovskaya I., Rybnikov L. G., Li X.

品牌价值仍然是上市公司在双循环经济背景下保持竞争力的关键因素。本研究利用2017-2021年中国A股上市公司的面板数据,采用阈值效应模型探讨企业社会责任(CSR)与品牌价值之间复杂关系的边界条件。结合董事会规模和董事会持股比例两个维度,实证考察了董事会特征对上市公司参与企业社会责任塑造品牌价值的作用。结果表明,对社会责任的承诺在一定程度上可以提高品牌价值。然而,长期、广泛的资源投入可能会分散公司的注意力,从而对品牌价值造成不利影响。这表现为企业社会责任与品牌价值之间存在非严格的倒U型门槛效应。此外,该研究还探讨了董事会规模和董事会持股比例的变化,揭示了董事会成员对企业社会责任承诺的看法受到明显的限制。这种动态导致企业社会责任和品牌价值之间出现非线性、对称的 U 形关系——最初为负,随后为正。研究探讨董事会特征是否干预企业社会责任决策进而贡献品牌价值,以期指导上市公司董事会治理实践,优化品牌价值提升路径。

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Keywords: корпоративная социальная ответственностьстоимость бренда corporate social responsibilityboard characteristics brand valuethreshold effectхарактеристики совета директоровпороговый эффект
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