?
Labour market conditions and the corporate financing decision: A European analysis
Research in International Business and Finance. 2021. Vol. 58. Article 101431.
Lopez Iturriaga F. J., Vega-Gutierrez P. L., Rodriguez-Sanz J. A.
This study examines the influence of labour market conditions on corporate capital structure in a sample of 2892 firms from France, Germany, Italy, Spain, and the UK. After considering the effect of unemployment and inflation, we analyse the impact of two market imperfections: employees’ rights and downward wage rigidity. Results indicate that financial leverage responds to changes in unemployment and inflation. We also find that the influence of employees’ rights is non-linear, whereas the negative effect of downward wage rigidity is moderated by firms’ market power. Taken together, our results show that corporate financial decisions are conditioned not only by firm-level issues but also by a country’s labour market.
Publication based on the results of:
Semerikova E. V., Салов А. И., The Journal of the New Economic Association 2026 Vol. 1 No. 70 P. 221–237
In this paper, we assess the extent of agglomeration externalities that
mirror on labour productivity gains while accounting for the direct and indirect effects
of transportation exposure. To this end we combine data on the local average wage and
employment with comprehensive information on the public transportation and road networks
of the Saint Petersburg Metropolitan Area, one of the ...
Added: May 19, 2026
Voytenkov V., Emerging Markets Review 2026 No. 101482 P. 1–37
This paper examines the effects of the 2008, 2014, and 2020 crises on household consumption patterns in Russian regions. The micro-level analysis is conducted using quarterly data from Rosstat's Household Budget Survey. Dependent variables are expenditure on food at home, out-of-home, alcohol, non-food items, services. Explanatory variables are household characteristics and dummy variables that capture ...
Added: May 18, 2026
Lodiagin B., Nazarova V., Rincon C. J., URBAN, PLANNING AND TRANSPORT RESEARCH 2026 Vol. 14 No. 1
This study applies an established social cost–benefit analysis (CBA), combined with sequential shock scenarios (COVID-19 and the post-2022 sanctions) and Monte Carlo sensitivity analysis, to evaluate the welfare robustness and recovery dynamics of the Pulkovo Airport PPP renovation project (St. Petersburg, Russia). Using traffic, operations, and cargo forecasts through 2040, we compare a pre-shock baseline ...
Added: May 17, 2026
Brodetskiy G., Gerami V., Shidlovskii I. et al., Транспорт: наука, техника, управление 2026 № 3 С. 3–8
В статье предложен специальный метод модификации процедур многокритериальной оптимизации. Он позволяет расширить набор критериев выбора, чтобы учитывать предпочтения лица, принимающего решения (ЛПР) как раз в моделях транспортного обеспечения работы цепей поставок. Реализуется изменение наклона направляющей для линий уровня критерия выбора в пространстве значений частных критериев (с нацеливанием выбора на утопическую точку). Разработаны и представлены требуемые ...
Added: May 17, 2026
Федоров Н. С., Финансовый журнал 2025 Т. 17 № 6 С. 99–112
The DCF model is one of the most commonly used models in valuing companies for investment deci sions. Nevertheless, estimating the accuracy of this model remains an important research question. This article presents an assessment of the accuracy of DCF model specifications based on analyzing the variance of fair share prices of companies listed on ...
Added: May 15, 2026
Федоров Н. С., Финансы и бизнес 2025 Т. 21 № 3 С. 34–50
Currently, the role of artificial intelligence is increasingly playing a significant role in various fields, including the increasing role of machine learning in finance. On the other hand, company valuation remains an important part of research due to its difficulty in correctly predicting the accuracy of target stock prices. This study provides an analysis of ...
Added: May 15, 2026
Semenova D., Radygina A., Zaripova J. et al., Nutrition and Food Science 2026 P. 1–13
Purpose
This study aims to investigate how objective (chemical composition, processing method) and subjective (perceived fat content) milk characteristics influence taste perception.
Design/methodology/approach
A blind tasting experiment was conducted with 36 participants who evaluated six commercial milk samples (all 2.5% fat) differing in thermal processing and brand territorial coverage. Each sample was tasted twice, yielding 432 observations. Fatty ...
Added: May 14, 2026
Balashov D., Антиномии 2026 Т. 26 № 1 С. 27–48
The movement of effective altruism, which emerged at the beginning of the 21st century, represents a new form of utilitarian philosophy that has had a significant impact on Anglo-American philosophical thought in the 19th and 20th centuries. A key feature of effective altruism is its emphasis on practicality. The movement positions itself as an entity ...
Added: May 13, 2026
Nikitin M., Lukina A., Социологические исследования 2026 № 4 С. 43–57
The article examines the relationship between family socio-economic status and the content of work performed by university graduates in Russia at the beginning of their professional careers. While most studies of educational inequality focus on income or employment outcomes, this study shifts attention to the characteristics of the work performed as an indicator of job ...
Added: March 29, 2026
Kramarenko A., Свистула И. А., Россия и современный мир 2025 № 2 С. 111–127
The modern globalized world and post-industrial economy foster flexible forms of employment and interaction between employers and employees, thereby accelerating the digital transformation of the labor market. Within this context, the Eurasian Economic Union (EAEU) has developed a Digital Agenda aimed at enhancing the competitiveness of national economies and deepening integration by transferring a significant ...
Added: February 3, 2026
Vishnevskaya N., Zudina A. A., Мировая экономика и международные отношения 2026 Т. 70 № 5 С. 96–106
In 2023–2024 OECD labor markets were generally recovering in terms of employment and unemployment rates after the previous stagnation during the COVID-19 pandemic. However, the existence of a significant array of unfilled jobs remains one of the acute economic problems, affecting most OECD countries, as well as a considerable number of industries and occupations. Such ...
Added: January 22, 2026
Войко Д. В., Voyko A. V., Афанасьева Е. Ю., Финансовый менеджмент 2025 № 8 С. 321–330
The purpose of this article is a comprehensive analysis of the applicability of Sustainable Growth Ratio models for predicting the effectiveness of IPO (IPO – Initial Public Offer) of Russian companies in modern conditions. Companies of various types of activity were selected as the object of research: medicine, pharmacology, IT business, transport services, wood processing ...
Added: December 9, 2025
Zudina A. A., Экономическая социология 2026 Т. 27 № 1 С. 11–42
This paper represents the first attempt of comprehensive analysis of the impact of the second wave of foreign sanctions on informal employment in the Russian labour market. It focuses on changes in the structure of various types of informal employment in 2022-2023, as well as on an assessment of the possible impact of sanctions on ...
Added: November 13, 2025
Serova E., Frolova M., , in: Critical Aspects in Advanced Human Resource Management.: IGI Global Scientific Publishing, 2025. Ch. 5 P. 103–130.
The importance and role of modern technologies and Artificial Intelligence (AI)
cannot be overestimated. AI and Data Science are developing rapidly and issues of
gender inequality in this area are becoming of paramount importance. This paper
is devoted to the analysis of gender inequality in AI and Data Science in Russia.
The study examines differences in the expected wages ...
Added: October 23, 2025
Maltseva V., CERE TrendWatch 2025 No. 1
CERE TrendWatch is a series publishing concise analytical notes with infographics on key themes in education and skills development across emerging economies. Each issue spotlights major trends and policy insights to inform research and decision-making. The first issue of CERE TrendWatch presents an overview of Russian vocational education and training, revealing both major structural features and ...
Added: October 4, 2025
Poplavskaya A., Социологический журнал 2025 Т. 31 № 2 С. 79–95
Flexible employment arrangements seem to be an attractive proposition in the modern labor market. Young people are often seen as focused on a flexible schedule, remote work and platform employment. At the same time, sociologists warn about the downsides of flexibility associated with the risks of precarity, deprofessionalization and decreased work efficiency. This study analyzes ...
Added: August 1, 2025
Petrovskaya N., Современная мировая экономика 2023 Т. 1 № 3(3) С. 46–74
This paper analyzes the labor market in the United States in 2020-2023, with a focus on its unconventional development due to the COVID-19 pandemic. The pandemic resulted in lockdowns and restrictions in various states, which disrupted the traditional business cycle and caused a significant decline in employment, particularly in service industries such as tourism, hospitality, ...
Added: June 23, 2025
Zhilkin A., В кн.: Vox Juris. Глас праваВып. 2.: СПб.: ООО "Издательство "ЛЕМА", 2020. С. 306–313.
The subject of this article is the institution of universal basic income (hereinafter UBI). This economic model is considered in the context of preventing the negative consequences caused by technological unemployment and the COVID-19 pandemic. This work aims to assess the prospects for introducing UBI as a tool to overcome these consequences. In such conditions, ...
Added: May 11, 2025
Maltseva V., Nikitin M., Мировая экономика и международные отношения 2025 Т. 69 № 5 С. 121–131
The paper explores the changing demand for skills and qualifications under the influence of technological progress and the implementation of artificial intelligence. The research issue is examined in three dimensions: the structure of skills in the labour market, the returns to education, and the demand for specific skills and competences. A systematic analysis of 125 ...
Added: February 26, 2025
Valentina Kravchenko, Karapetov V., Nechepurenko I., Journal of Financial Crime 2023 Vol. 30 No. 6 P. 1474–1490
Purpose
This study aims to identify the factors which influence the change in the volume of shadow economy in the countries of Europe to explain its growth or reduction through the change in the identified factors. This would help to determine which factors are worth impacting to reduce the volume of shadow economy in the countries ...
Added: January 22, 2025
Минина В.Н., Никифорова О. А., Артемова М. С., В кн.: Труд в современной российской экономике: социальное измерение / под ред. В. Н. Мининой, Р. В. Карапетяна, О. В. Вередюк.: СПб.: Издательство СПбГУ, 2021.
Currently, the scope of international labour migration is increasing. This is due to the fact that migration is a source of covering labour shortages faced by national economies. At the same time, the research data and official reports indicate a significant number of social problems associated with the integration of labour immigrants into the host ...
Added: January 15, 2025
Kapeliushnikov R., / Высшая школа экономики. Серия WP3 "Проблемы рынка труда". 2024. № WP3/2024/05.
The unique situation that has developed in the Russian labor market in the 2020s is examined through the prism of the Beveridge curve. The key event in this period was the emergence of a massive overhang of vacant jobs, which has already reached 8%. The analysis shows that a dramatic upward shift in the Beveridge ...
Added: December 18, 2024
Kapeliushnikov R., / Высшая школа экономики. Серия WP3 "Проблемы рынка труда". 2024. № WP3/2024/02.
The paper explores the key development in the Russian labor market of the 2020s – emergence of a massive overhang of vacant jobs, which has already reached a record level of 7 percent. The paper discusses theoretical aspects of the problem of labor “shortage”, examines probable triggers for the vacancy escalation, and analyzes its dynamics and ...
Added: December 18, 2024
Kapeliushnikov R., Zinchenko D., Мониторинг общественного мнения: Экономические и социальные перемены 2025 № 1 С. 107–129
The paper analyzes digital forms of employment in the Russian labor market. The second part of the study examines platform employment which in recent years gained widespread adoption in the labor markets of most of the world (first part: Kapeliushnikov R. I., Zinchenko D. I. (2024) Digital Forms of Employment in the Russian LaborMarket. Part ...
Added: December 5, 2024