Teplova T., Sokolova T., Teplov A., Журнал институциональных исследований 2017 Т. 9 № 2 С. 97-118
We analyze institutional determinants of the development of local currency (LCY) corporate bond markets in the period from 2010 to 2016 for a cross-country sample. We consider a wide range of indicators of the quality of institutional environment, including the Heritage Foundation's Index of Economic Freedom, the World Bank’s indicators of the development of political ...
Added: August 25, 2017
Suveyka S., Финансовый бизнес 2015 № 4(177) С. 54-63
In this paper we analyze what are the channels of exchange rate dynamics effect on corporate bond yield spread. Under the uncovered interest rate parity (UIP) exchange rate level and interest rates are linked so that the yields in two countries are equal. There is an evidence in literature that exchange rate volatility also plays ...
Added: February 24, 2016
Teplova T., Galenskaya K., Teplov A., Прикладная эконометрика 2018 № 4(52) С. 22-45
This paper presents the testing results for hypotheses which try to explain, how do Russian companies choose such financing sources, as public debt (bonds). Bivariate probit models have been applied on a sample of 1107 companies in the interval from 2015 to 2017. The main aim of this paper is to identify the presence of ...
Added: November 30, 2018
Teplova T., Sokolova T., Galenskaya K., Вопросы экономики 2019 № 3 С. 77-100
This paper analyzes the trends in the corporate bond market of the Russian Federation, denotes its weaknesses. We first empirically investigate determinants of the development of corporate bond markets with account of different sensitivity to the influence of institutional factors for different groups of countries. Methodology of our research ‑ multifactor regressions and generalized method ...
Added: December 14, 2018
Берзон Н.И., Ерофеева Т.М., Вестник Томского государственного университета. Экономика 2018 № № 44 С. 150-165
At present time, the economics of country is badly in need investment demand stimulation to ensure economic growth. The main role of the modern stock market as a mechanism that allows to attract, redistribute and effectively use free financial resources is to promote investment growth. The Russian corporate bond market is one of the segments ...
Added: June 25, 2019
Teplova T., Sokolova T., Финансы и кредит 2014 № 25(601) С. 2-15
The article analyzes the Russian and world bond markets by means of the analysis of dynamics of the capital attractiveness in different currencies for investors and on different conditions (variable interest rates, convertible bonds, Eurobonds) in the crisis
and post-crisis periods. The authors consider the markets of stock and loan (bonded) capital according to investment attractiveness. ...
Added: June 30, 2014
Stepanova A. N., Балкина Е. А., Корпоративные финансы 2013 № 3 (27) С. 5-22
This article presents the results of our recent study of the relationship between the corporate financial architecture and strategic performance of Russian companies measured by Tobin's Q coefficient. We determine a stage of the company’s life cycle by comparing the revenue growth rates for two consecutive periods and the industry average growth rates for those periods. The ...
Added: October 25, 2013
Teplova T., Sokolova T., Munir Q., NY : Routledge, 2020
The bond market is a key securities market and emerging economies present exciting, new investment opportunities. This timely book provides insights into these emerging bond markets through empirical models and analytical databases, i.e. Bloomberg, Eikon Refinitiv and the Russian Cbonds.
The book looks at the dynamics of the development of emerging bond markets, their competitiveness, features ...
Added: October 8, 2020
Teplova T., Berzon N. I., Sokolova T. et al., М. : Общество с ограниченной ответственностью «Научно-издательский центр ИНФРА-М», 2016
В коллективной монографии профессорско-преподавательского состава Национального исследовательского университета «Высшая школа экономики» и специалистов-практиков российского финансового рынка, аналитиков Московского филиала АО «Томсон Рейтер (Маркетс) СА» впервые в российской литературе раскрыты на эмпирическом исследовательском поле закономерности развития, дисбалансы по секторам и тенденции, которые складываются на глобальном и отечественном облигационных рынках после финансового кризиса 2008 года. Данные по ...
Added: August 7, 2016
Kazun A. D., Kazun A., Вопросы экономики 2016 № 7 С. 106-122
This article discusses the factors that affect the chances of a favorable resolution of claims to the WTO dispute settlement. On the basis of 488 complaints received by the WTO since the establishment of the organization by 2014, we demonstrated that the developing countries have a smaller probability of successful resolution in the dispute than ...
Added: July 19, 2016
Zaytsev Y. K., Абалкина А. А., Абрамова А. В. et al., М. : МГИМО-Университет, 2013
Иностранная помощь развивающимся странам стала объектом пристального внимания мировой общественности в последние годы. Её рост сопровождается целым рядом метаморфоз, включая нарастающее участие в ней частных агентов в роли доноров, превращение неправительственных организаций в каналы передачи бюджетных государственных ресурсов из развитых в развивающиеся страны, возникновение государственно-частных альянсов и партнёрств с целью финансирования целевых программ, направленных на ...
Added: February 19, 2013
Panova V., Хайнал П. И., Вестник международных организаций: образование, наука, новая экономика 2009 № 2 С. 48-59
This paper focuses on the period beginning with 1998, with only a brief reference to early reform initiatives of the G8. It will examine and comment on reform proposals as well as reforms actually achieved or underway. It will pay particular attention to the reform dimension of the evolving G5, Heiligendamm Process, BRIC (Brazil, Russia, ...
Added: April 7, 2013
Ponomareva O., Российский внешнеэкономический вестник 2014 № 9 С. 101-119
Growing intensity of foreign trade liberalization during last decades, mainly evident in tariff reductions and increased access to domestic service sectors, provokes application of new protectionist trade policy methods, like restrictions on foreign participation in government procurement. Such measures become of vital importance in case of developing countries after their accession to the WTO. The ...
Added: October 3, 2016
Спорышева Н. А., Вестник международных организаций: образование, наука, новая экономика 2010 № 4 С. 91-94
The essay focuses in the issue of sustainable healthcare systems development, in the poorest countries particular, and the taken measures to tackle it in three main areas: maternity care, children's mortality reduction and struggle against HIV/AIDS and other dangerous diseases. The author highly estimates the impact of intellectual property rights on the possibilities for providing ...
Added: October 27, 2012
Teplova T., Буданова Д. М., Вестник Московского университета. Серия 6: Экономика 2017 № 4 С. 3-28
Эффективность ценообразования на российском рынке корпоративных облигаций ...
Added: November 17, 2017
Yerpyleva N., Вестник федерального бюджетного учреждения "Государственная регистрационная палата при Министерстве юстиции Российской Федерации" 2010 № 3 С. 4-15
The institute of investment operations guarantees is designed to ensure, through legal measures, a relative stability of reproduction and freedom of capital movement in the world economic system amid the backdrop of social, economic and political crisis. The notion of investment guarantee stands for the investment insurance mechanism both on the state and the state-by-state ...
Added: November 5, 2012
Ван Ц., Управление экономическими системами: электронный научный журнал 2012 Т. (44) УЭкС, 8/2012 № 0421200034/ номер статьи
The article deals with the research of construction of the term structure of interest rates on the China’s bond market. The article provides an overview of the China’s bond market and its mechanism. Based on the data from China Central Depository & Clearing (CCDC), article gives the result of the computer simulation. ...
Added: November 30, 2012
Teplova T., Sokolova T., Journal of East-West Business 2018 Vol. 24 No. 1 P. 50-80
Our paper offers analysis of tendencies and determinants of development of local currency corporate bond markets in the period from 2006 to 2015. We consider a wide range of macroeconomic and institutional factors for 15 bond markets. The sample consists of 600 country-quarter observations. Multifactor linear regression models and the generalized method of moments are ...
Added: August 26, 2017
Lapshin V. A., Wang Jiang, World Applied Sciences Journal 2013 Vol. 24 No. 3 P. 358-363
Prior to Asian economic crisis in 1997, bond markets in lots of Asian countries were small and relatively undeveloped. The Asian financial crisis demonstrated the need for a broader range of funding sources, which led the governments of Asian countries to embark on a major program to develop a local bond market. China avoided this ...
Added: October 9, 2013
Vukovic D., Moinak M., Research in International Business and Finance 2019 Vol. 50 P. 369-380
Despite the wide range of alternatives that have been proposed by
academics and practitioners, the Sharpe ratio remains one of the most popular metrics used to
evaluate investment performance. In the proposed research, risks and returns are analysed on
the European Monetary Union bonds market, with different bonds ratings and maturities,
during the period from 2005 to 2017. The ...
Added: February 8, 2019
Sokolova T., Управление корпоративными финансами 2015 № 5-6 (71-72) С. 294-307
В настоящей работе представлен анализ тенденций развития рынка корпоративных и государственных рублевых облигаций в 2010-2015 гг. с акцентом на периоде нестабильности на российском финансовом и мировых товарных рынках в 2014-2015 гг. Автор сопоставляет по инвестиционной привлекательности валютный рынок, российские рынки акционерного и облигационного капитала и выявляет факторы, значимо влияющие на объемы вторичного рынка государственных и ...
Added: October 19, 2015
Gaskstatter S., Maxim Kotzemir, Meissner D., Foresight 2014 Vol. 16 No. 4 P. 293-308
The paper undertakes an analysis of the attempts of GCC and BRIC countries to catch up in their national development to build an innovation-driven economy on which to base future growth and wealth. We conducted an analysis of GCC and BRIC countries to show the different strategies leaders have taken to try and achieve this ...
Added: October 24, 2013
Markovskaya E., Аношкина Е. С., Научно-технические ведомости Санкт-Петербургского государственного политехнического университета. Экономические науки 2016 Т. 6 № 256 С. 21-31
We have analyzed the differences in the influence of foreign direct investments on the economic growth of developed and developing countries. We used panel data, namely, the observations for 10 countries during 1983—2013, to construct a model of the dependence of GDP on foreign direct investments for the developed countries. For the model of the ...
Added: December 30, 2016
Khasyanova S. Y., Деньги и кредит 2013 № 6 С. 35-40
The aim of this work is to analyze the financial stability indicators of Russian banking sector over a period 2008–2012. The analysis based on data published and used by the International Monetary Fund for assessing financial stability of various countries. During the research the factors affecting the level and dynamics of analyzed indicators were identified. ...
Added: July 15, 2013