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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.
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
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 ...
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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
Kanaev E., , in: Rusia - Indonesia: Warisan Sejarah dan Kerja Sama Masa Depan.: M.: IOS RAS, 2025. P. 440–463.
The chapter assesses educational cooperation between Russia and Indonesia in the digital field. ...
Added: April 21, 2026
Kanaev E., Tawares J. A., Drugov A. Y. et al., M.: IOS RAS, 2025.
The year 2025 is marked by two significant anniversaries – the 80th anniversary of Indonesia's independence and the 75th anniversary of the establishment of diplomatic relations between the Soviet Union and the Republic of Indonesia. The monograph offers the reader an in-depth analysis of the dynamics and features of the interaction between CCCH/Russia and Indonesia, ...
Added: April 21, 2026
Kanaev E., Попов А. В., Другов А. Ю. et al., М.: Институт востоковедения РАН, 2025.
The year 2025 was marked by two significant anniversaries – the 80th anniversary of Indonesia's independence and the 75th anniversary of the establishment of diplomatic relations between the Soviet Union and the Republic of Indonesia. The monograph offers the reader an in-depth analysis of the dynamics and features of the interaction between CCCH/Russia and Indonesia, ...
Added: April 21, 2026
Kosevich E., Latin American Perspectives 2026 P. 1–17
This research explores the similarities and differences in the interpretation of multipolarity,
which have developed in the academic discourse of Russia and Latin America. The
paper focuses on the position that prevails in Latin America regarding the Russia–Ukraine
conflict, emphasizing the emergence of a group of countries within LAC that support
“active neutrality.” The author concludes that existing contradictions ...
Added: April 21, 2026
Shelkovnikov A., Азия и Африка сегодня 2025 № 7 С. 37–46
В статье рассматриваются перспективы сотрудничества России и Объединенных Арабских Эмиратов (ОАЭ) в области обеспечения информационной безопасности. Выяснено, что данное сотрудничество является частью более широкого взаимодействия, нашедшего правовое закрепление в Декларации о стратегическом сотрудничестве от 1 июня 2018 г. Успех ОАЭ в области развития информационных технологий и обеспечения информационной безопасности связан с устойчивым экономическим ростом, обеспечившим ...
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Stadnik N., Антонов Н. С., Сахарова Г. М. et al., Профилактическая медицина 2025 Т. 28 № 6 С. 11–20
Studies on alcohol use generally analyze the age-related behavior associated with this factor but do not consider the attitude of people of different ages to the socio-economic situation, the absence or implementation of anti-alcohol policies, or the attitude change over time in people of different generations.
Objective. To analyze the features and changes over time of ...
Added: April 9, 2026
Stadnik N., Никитина С. Ю., Сахарова Г. М. et al., Демографическое обозрение 2025 Т. 12 № 2 С. 132–156
The study assesses the dynamics of the prevalence and structure of alcohol consumption in Russia by age, gender and regions. The data source is the microdata databases of the Sample Survey of the Health Condition of the Population conducted by Rosstat in 2019-2023. The assessment of the dynamics of alcohol consumption is based on the ...
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Stadnik N., Никитина С. Ю., Сахарова Г. М. et al., Демографическое обозрение 2024 Т. 11 № 1 С. 37–60
This study proposes a method to assess the dynamics of tobacco and nicotine consumption in Russia by age, gender and regions based on the data of the Sample Survey of the Health Condition of the Population conducted by Rosstat in 2019-2022. The data source is the microdata databases of the Survey. The assessment of the ...
Added: April 9, 2026
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This paper proposes Covariate-Balanced Weighted Stacked Difference-in-Differences (CBWSDID), a design-based extension of weighted stacked DID for settings in which untreated trends may be conditionally rather than unconditionally parallel. The estimator separates within-subexperiment design adjustment from across-subexperiment aggregation: matching or weighting improves treated-control comparability within each stacked subexperiment, while the corrective stacked weights of Wing et ...
Added: April 3, 2026
Di Puppo L., Roy Chowdhury A., Globalizations 2026 Vol. 23 No. 1 P. 1–9
In this special issue, we bring together the post-colonial and post-socialist conditions of the post-Soviet space and the Indian subcontinent through the study of human–nature relationships. Not only are these two regions entangled through the Eurasian geography, but they also both represent hybrid modernization trajectories characterized by varying socio-political responses to Western modernity and the ...
Added: March 27, 2026
Beliakova N., Klyueva V., Religions 2023 Vol. 14 No. 8 Article 1062
In this article, using the example of the Russian Arctic, we analyze how the anti-cult movement creates the conditions for the discrimination and suppression of religious minorities. The anti-cultist (anti-sectarian) fears and phobias of the Russian establishment are closely bound to the fears of missionary activity. The change in legislation regulating missionary activity deliberately limits ...
Added: March 26, 2026
Asatryan G., Trenin D., Россия в глобальной политике 2025 Т. 23 № 6 С. 191–205
The armed confrontation between the Russian Federation and the collective West requires focusing its attention and resources on Ukraine. Under extreme circumstances, it is more difficult for Russia to expand or even maintain its position in other neighboring countries.
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Added: March 20, 2026
Smirnov A., Мониторинг общественного мнения: Экономические и социальные перемены 2021 № 1 С. 129–153
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Smirnov A., AlterEconomics (ранее - Журнал экономической теории) 2024 Т. 21 № 2 С. 286–301
Interregional migration in Russia surpasses both intraregional and international migration in volume, playing a pivotal role in redistributing human capital across the country. To capture migration patterns between regions comprehensively, it is crucial to analyze all migration flows rather than just final migration indicators. This study integrates two research fields: network science, which examines various ...
Added: March 18, 2026
Smirnov A., Демографическое обозрение 2025 Т. 12 № 2 С. 35–68
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Added: March 18, 2026
Vorchik A., / Social Science Research Network. Серия SSRN Working Paper Series "SSRN Working Paper Series". 2026.
This article is devoted to the phenomenon of intrinsic motivation, to understand which two models are proposed. We study how positive/negative intrinsic motivation to work (experienced utility) affects worker's individual labour supply (model I) and the amount of effort they exert (model II). In model I, we use intrinsic motivation to explain the positive/negative slope ...
Added: March 15, 2026
Vorchik A., Мамышев М. А., / Series Social Science Research Network "Social Science Research Network". 2025.
In this paper, we develop a formal mathematical model aimed to explain the Dunning-Kruger effect that beginners systematically overestimate their own competence in various fields of knowledge and activity. We argue that the Dunning-Kruger effect arises from the emotional nature of confidence combined with unknown unknowns that it simply can not take into account due ...
Added: February 11, 2026
Musaev A. U., Vorchik A., / Series Social Science Research Network "Social Science Research Network". 2026.
This paper attempts to model the evolutionary theory of modernization and democratization. The model reflects the key provisions of R. Inglehart and C. Welzel's theory and provides a microfoundation for the adaptation of subjective values to the objective importances of the survival factors and the structure of the labour markets from the perspective of evolutionary ...
Added: February 10, 2026