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Top Management Team Characteristics and Return on Assets: Case from the Russian Banking Sector
Open Journal for Research in Economics. 2019. Vol. 2. No. 1. P. 1–12.
Prosvirkina E. Y., Bert W.
Background: According to the upper echelon theory top management team (TMT) characteristics influence on organizational outcomes of a company. Though this topic has been studied in different countries, it is not well researched in Russia, especially for some industries, including banking sector. The main purpose of the research is to study TMT in the Russian banking sector and its influence on return on assets (ROA), one of the metrics of bank’s performance. Methods: Data about top management team characteristics is collected for 178 banks (32% of banks, operated in Russia). The data includes age, gender, citizenship, education, functional expertise, and work experience of TMT. In addition, data for ROA calculation (net income and total assets) was taken from financial reports of banks. Regression analysis between TMT characteristics and ROA was conducted in SPSS software. Results: The research found out the portrait of a top manager in Russia. Average age of TMT members equals 46.67 years with the youngest CEO of 29 and oldest CEO of 65 years. Russian banking sector is mostly a male environment (in 77.5% cases men take the CEO role), however, in majority of banks there is at least one woman. Majority of top managers is Russian citizens (only in 6.7% of banks CEOs are foreign nationals). And finally, all top managers have higher education and usually their degrees are in Economics, Engineering, and Law. Regression analysis demonstrated that three TMT characteristics influence ROA: percentage of TMT members with scientific degree (with positive effect), gender heterogeneity and CEO duality (with negative effect). Conclusions: For reaching higher ROA, Board of Directors (BoD) of banks in Russia should appoint more top managers with scientific degree and avoid CEO duality and high gender heterogeneity in TMT.
Ustyuzhanin V., Zinkina J. V., Korotayev A., / Series "SocArXiv". 2026.
“Leaderlessness” is widely held to be a defining feature of contemporary mass mobilization, yet the claim rests on a handful of recent cases. We offer the first systematic cross-national analysis of this phenomenon from 1791 to 2019. We show that the absence of leadership is real but older and more modest than claimed: the share ...
Added: August 29, 2026
Vagin S., , in: Industry 4.0: Exploring the Consequences of Climate Change.: Switzerland: Springer, 2021. P. 389–396.
Purpose: The purpose of the article is to study the experience and prospects of financial support for the energy security of the regional economy in the transition to Industry 4.0 in modern Russia. Design/methodology/approach: In order to test the hypothesis put forward, the article uses the methodology of economic statistics, using which regression models of financial ...
Added: August 27, 2026
Switzerland: Springer, 2021.
This book reflects the futuristic scientific view of the consequences of transition to Industry 4.0 for climate change. The authors present a systemic overview of the current negative consequences of digitization for the environment, new outlines of the energy sphere in Industry 4.0 and the change of the environment pollution level in Industry 4.0. The ...
Added: August 27, 2026
Borushkina S., Gorodnichev A., Cities 2026 Vol. 179 No. 12 Article 107500
Agglomeration policy has long been a dominant paradigm in spatial development, premised on the assumption that large, integrated city-regions drive national economic growth through productivity, innovation, and global integration. This paper examines how this paradigm is reworked under conditions of polycrisis, a durable state in which economic, geopolitical, and institutional shocks interact and reinforce one ...
Added: August 19, 2026
Alena Bernyukevich, / Series WP BRP "Basic research program". 2025.
This essay explores the complex issue of determining the appropriate level of risk when implementing innovations within organizations. While innovation is widely recognized as a cornerstone of competitiveness, growth, and sustainability, excessive or poorly managed risk can lead to significant challenges. The discussion highlights key factors influencing acceptable risk levels, including alignment with corporate goals, ...
Added: August 17, 2026
Iskakova B., Kleinlein E. V., Prisyazhniuk D. et al., European Journal of Education 2026 Vol. 61 No. 3 Article e70810
This study examines pre-service teachers' (PSTs) attitudes towards inclusive education in Germany and Russia and investigates how they relate to teacher training curricula and teacher educators' discourse. A mixed-methods design was used, including an online survey of PSTs (n = 460) with an open-ended question, curriculum review and exploratory interviews with university educators in both contexts. The ...
Added: August 3, 2026
Zhuravleva T., Afanasev K., Engelmann J. et al., / Series "SSRN Working Paper Series". 2026.
Extortionary ("harassment") bribery can persist even when widely condemned, consistent with a coordination problem sustained by beliefs about what others do and what others consider acceptable. We study whether a minimal institutional featurethe presence of a third-party monitor empowered to punish-shifts (i) normative expectations about extortion and compliance and (ii) empirical expectations about their prevalence. ...
Added: July 22, 2026
Pislyakov V., Вестник Томского государственного университета. Филология 2026 № 101 С. 175–192
This article examines the use of proverbs in academic texts—specifically, articles published in Russian research journals. For the experiment, ten proverbs were selected as the intersection of two fundamentally different paremiological surveys aimed at compiling lists of popular or common Russian proverbs. One of these surveys was conducted by the classic of paremiology, G.L. Permyakov, ...
Added: July 22, 2026
Абрамова И. О., Аду Я. Н., Анише Т. Э. et al., Институт Африки РАН, 2025.
Данная монография посвящена анализу концепции суверенитета африканских государств как в теоретическом, так и практическом ключе. Рассматриваются экономический, ментальный, языковой и культурный, информационный и образовательный аспекты африканского суверенитета. Исследуется роль региональных интеграционных группировок, а также внешних акторов в контексте суверенизации Африки. Особое внимание уделяется роли РФ в укре- плении суверенитета стран континента.
Монография формирует целостное представление по ...
Added: July 13, 2026
Кочегаров К. А., Новое прошлое 2022 № 1 С. 219–228
The paper, basing on discussion questions of the editorial board of the “Novoe
Proshloe / The New Past” journal, touches upon main tendencies of academic studies
in relations between Muscovite Rus’ and post-Golden Horde states in the Early Modern
period. Taking into account various achievements of modern Russian historiography
(works of Anna Choroshkewich, Vadim Trepavlov, Ilya Zaytsev, Andrey Belyakov ...
Added: July 1, 2026
Mishin A., Guerrieri L., Kim J., / Series 2026-042 "Finance and Economics Discussion Series (FEDS)". 2026.
Within narrowly defined industries, the most productive firms produce far more than the least productive from the same inputs, and this dispersion widens in downturns. We build a tractable representative-agent model in which financial frictions—adverse selection and moral hazard—make firms sort endogenously into lenders, strategic defaulters, and producers. As credit conditions vary, the resulting misallocation ...
Added: June 28, 2026
Власов С. А., Nevalennyi M., Сафиулин Р. Р. et al., / Банк России. Серия Аналитическая записка "Материалы Банка России". 2026.
В аналитической записке обсуждается долгосрочно устойчивый уровень цены на российскую нефть. Это тот уровень, к которому цена нефти, вероятнее всего, будет тяготеть в долгосрочной перспективе. Потребность в его определении возникает по нескольким причинам. Во-первых, цена на нефть остается одним из ключевых экономических показателей российской экономики, определяющих экспорт, обменный курс рубля, прибыль, доходы и расходы бюджета, ...
Added: June 27, 2026
Глазова А. М., Nevalennyi M., Синяков А. А., / Банк России. Серия Препринты Банка России "Серия докладов об экономических исследованиях". 2025. № 154.
The paper proposes a graphical model of a small open economy. The dynamics of the graphical model is then illustrated using impulse responses from the corresponding formal semi-structural model (QPM model). The authors have several goals in preparing this description of the graphical macroeconomic model. The first goal of the paper is to present an adapted ...
Added: June 27, 2026
Mishin A., Guerrieri L., Canzoneri M. et al., / Series 2026-042 "Finance and Economics Discussion Series (FEDS)". 2026.
Added: June 27, 2026
Аракчеев В. А., Российская история 2022 № 6 С. 208–214
The comparisons between the states of Old Russian and Western Slavic states proved astonishing in their results, enabling the author to construct a less controversial model of the history of medieval Rus' and its transition to early modern Russia. B.N. Flory's collection of lecture courses will serve as a source of productive ideas and developments ...
Added: June 16, 2026
Bogatyrev R., Sandomirskaia M., / NRU Higher School of Economics. Series EC "Economics". 2026. No. 19(1).
This work develops a tractable model of price competition in fragmented markets where consumers consider both local and distant varieties, with cross-regional purchases subject to stochastic costs. Global competition and full localization emerge as polar cases; hybrid competition is not merely intermediate and exhibits distinctive features such as an endogenous price ceiling and non-monotonic entry ...
Added: June 11, 2026
Gurkov I. B., Kossov V. V., Filinov N. et al., / NRU Higher School of Economics. Series MAN "Management". 2026. No. N/A.
This research note is devoted to assessing the socioeconomic impact of sanctions of sanctioned countries and uses the data on Russia in 2022-2024. We use for the analysis four fundamental socioeconomic parameters-the expected length of life of males at birth, the misery index (Okun's index), the level of Gross Domestic Product at purchasing parity prices, ...
Added: June 11, 2026
Kravtsova M., Musaev A. U., Welzel C., / Series "SSRN Working Paper Series". 2026.
Elaborating on Welzel et al.'s "Cool Water Theory," our study zooms into the more limited (albeit still varied) framework conditions of Russia's huge territory. Within Russia's confines, we examine how the combination of moderately cool seasons with steady rain (i.e., Cool Water) affects sub-national areas' contemporary societal progress in two modernization indicators: material prosperity in ...
Added: June 3, 2026
Синяков А. А., Зверева В., Шелованова Т. И., / Центральный банк Российской Федерации. Серия 132 / 2024 "Серия докладов об экономических исследованиях". 2024. № 132.
At the end of 2023, Russia updated its Strategy for Improving Financial Literacy and Developing Financial Culture Until 2030. Unlike the previous strategy, the current strategic goals include not only financial literacy but also financial culture. ‘Culture’ is normative and socially preferred behaviour. The updated strategy brings into focus the relationship between financial literacy and responsible financial behaviour. To explore this relationship, the authors rely on data from the All-Russian Survey of Consumer Finance (2020 and 2022). Socially ...
Added: June 1, 2026
Vorchik A., / SSRN. Серия Social Science Research Network "Social Science Research Network". 2026.
This work is devoted to a theoretical explanation of the Easterlin paradox, according to which long-term economic growth does not make average level of people's happiness increasing. By happiness, we mean the intensity of emotions people experience while comparing their new income with its expected value, or the target income with its original value. In the first case, ...
Added: May 31, 2026
Olga Demidova, Diana Turchak, Networks and Spatial Economics 2026
This study investigates the determinants of vote shares for different political parties using municipal election data from Russia for 2021–2022. For many countries, it has been shown that geographically weighted regressions (GWR) and multiscale geographically weighted regressions (MGWR) yield superior results compared to linear models. The significance of the global Moran’s I, Geary’s C, and ...
Added: May 21, 2026
Sizov A., Rodionova M., Sedashov E. et al., / NRU Higher School of Economics. Series PS "Political Science". 2026. No. 1.
Rapid development of surveillance technologies is one of the most socially important consequences of the digital age. This paper investigates the factors determining consent to surveillance of various types of personal data and contributes to rapidly growing research on citizens perceptions of surveillance practices. Relying on a comprehensive survey experiment, we study the effects of ...
Added: May 15, 2026
Попов Д. И., Балтийский регион 2025 Т. 17 № 4 С. 68–83
The study examines the image of Russia in Finland’s historical policy in the context of the country’s accession to NATO. The aim is to identify shifts in the interpretation of Russia’s role in the Finnish political elite’s understanding of its own past, shared Russian–Finnish and global history. To this end, the analysis focuses on President ...
Added: May 13, 2026
Карцева М. А., Peresetsky A., / Высшая школа экономики. Серия WP2 "Количественный анализ в экономике". 2026. № WP2/2026/01.
This study examines the association between health status among elderly individuals living alone and pet ownership (cats, dogs). We employ data from the “Time Use Survey” conducted by the Federal State Statistics Service (Rosstat) in 2019, which contains information on more than 10,000 elderly individuals living alone aged 60 or older in Russia, including data ...
Added: May 8, 2026