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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:
Ershova N. V., Журнал институциональных исследований 2026 Т. 18 № 2 С. 82–97
This article, based on a survey data from 1,860 Russian manufacturing enterprises, analyzes the
scale of enterprise participation in science-industry collaboration (SIC), defines the characteristics of
enterprises that are more actively involved in SIC, and identifies regional institutional factors that
contribute to increased enterprise participation in SIC using correlation analysis. It is shown that
Russian manufacturing firms are very ...
Added: July 3, 2026
Podrugina A., Романова В. А., Пространственная экономика 2026 Т. 22 № 2 С. 56–85
Исследование посвящено анализу институциональных усилий развивающихся стран по дедолларизации и укреплению роли национальных валют. На основе систематизации теоретических подходов к интернационализации валют авторы разрабатывают новый аналитический инструмент – Индекс институционального развития финансового рынка в национальных валютах. Методология индекса охватывает четыре ключевых направления политики: использование валюты в международных расчетах, создание валютных своп-линий между центральными банками, развитие ...
Added: July 3, 2026
Anikeev K., AlterEconomics (ранее - Журнал экономической теории) 2026 Т. 23 № 2 С. 410–428
This study empirically tests the deposit channel hypothesis, which holds that increases in deposit markups cause liquidity outflows from the banking sector and a contraction in credit supply. The central question is whether deposit substitution effects, whereby depositors shift funds to other financial instruments during monetary tightening, are reflected in banks’ balance sheets and aggregate ...
Added: July 2, 2026
Kuzminov Y., Koshel A., Kruchinskaia E. et al., BRICS Law Journal 2026 Vol. 13 No. 2 P. 5–36
Today’s economy is undergoing a fundamental institutional shift in which digital ecosystems have emerged not only as a key driver of development but also as a critical condition for market access for billions of users. Despite the rapid global proliferation of these phenomena, the evolution of legal regulation—from e-commerce and data protection to antitrust oversight ...
Added: July 2, 2026
Kuzminov Y., Kruchinskaia E., Россия в глобальной политике 2026 Т. 24 № 4 С. 92–109
В статье анализируется структурный разрыв между увеличивающейся когнитивной нагрузкой и снижающейся отдачей от неё. Подход, при котором развитие научных и образовательных школ, ориентированных на тренировку суждения, может стать альтернативой количественному наращиванию вычислительных мощностей, которое служит основной стратегией Китая и США. Применительно к России традиция фундаментального образования и сильных исследовательских школ приобретает в новых условиях значение ...
Added: July 1, 2026
Saakyan T. V., Барабанова Ю. В., Финансовый журнал 2026 Т. 18 № 3 С. 110–121
In this article the authors aim to determine the place and role of methodological guidelines within the system regulating internal state financial control. The research holds both theoretical and applied significance, as a scholarly interpretation of this issue has not been previously undertaken and its examination will enable the full potential of the studied methodological ...
Added: July 1, 2026
Федорова В. С., Zavertiaeva M. A., Экономический журнал Высшей школы экономики 2026 Т. 30 № 2 С. 276–312
Crowdfunding is a relatively new method of project financing that involves raising funds from a large number of non-professional investors. Despite the rapid growth of this sector, only about 41.98% of crowdfunding campaigns are successful, which highlights the need to identify factors that increase the likelihood of successful fundraising. This study aims to address the ...
Added: July 1, 2026
Emelyanova O., Murashkin N., Asia Europe Journal 2025 Vol. 23 No. 4 P. 239–261
The goal of this article is to trace the evolution of Japan’s role in Southeast and South Asian political economy in the 2000s–2010s to understand how Japan’s previously established network power in Asian supply chains has changed amid much-discussed power shifts in the region. The increasing number of emerging and rising regional powers induces Japan ...
Added: June 30, 2026
Kuzina O. E., Моисеева Д. В., Абдураманов А. Я., Russian Journal of Economics 2026 Vol. 2 No. 12 P. 251–273
This paper assesses the relationship between financial literacy and over-indebtedness of Russian households using panel data from the Survey of Consumer Finances collected in Russia during 2018–2024. Russia is an interesting case: a relatively young consumer-finance market in which a lack of financial literacy may increase the likelihood of household over-indebtedness. To test this hypothesis, ...
Added: June 30, 2026
Bessonova E., Russian Journal of Economics 2026 Vol. 12 No. 2 P. 153–175
This paper analyzes total factor productivity (TFP) in Russia over 2009–2015 using firm-level data. Stochastic frontier analysis is employed to simultaneously estimate TFP growth and the distance to the production-possibility frontier for each firm in the sample. The results suggest significant positive rates of technological progress; however, the gap between technological frontier firms and laggards widened over ...
Added: June 30, 2026
Gazman V. D., США и Канада: экономика, политика, культура 2026 № 56 (6) С. 83–98
The article presents the results of the author's analysis of the reasons for the ultra-rapid growth of solar electricity production by large-scale generators (Utility Scale) during the 2020s. Data from 39 stations with a capacity exceeding 100 MW and holding more than 60% of the capacity of electricity storage systems in the United States have been ...
Added: June 29, 2026
Katkalo V., Shumkova N., Ужакина Ю. Б. et al., Издательский дом НИУ ВШЭ, 2026.
Настоящая книга является результатом четвертой волны исследования популяции российских корпоративных университетов, проводимого с 2022 г. высшей школой бизнеса НИУ ВШЭ. В это издание включены анализ даных о бизнес-моделях и портфелях программ этих корпоративных университетов по состоянию на 2025 г. и первый опыт сравнительного исследования отраслевых особенностей корпоративных университетов в ряде ключевых секторов экономики России. Также ...
Added: June 29, 2026
Lukyanova A., Demyanova A., Talakauskas D., Экономический журнал Высшей школы экономики 2026 Т. 30 № 2 С. 313–343
The paper examines methodological challenges of measuring informality following major revisions of international statistical standards. It analyses the Resolution concerning statistics on the informal economy adopted by the 21st International Conference of Labor Statisticians (2023) and offers practical recommendations for implementing this framework in the official statistics of the Russian Federation (Rosstat). Methodologically, the study ...
Added: June 28, 2026
Канихин Т. Н., Вестник Московского университета. Серия 6: Экономика 2026 Т. 61 № 1 С. 264–282
The article examines the attraction of foreign direct investment (FDI) to the renewable energy sector (RES) of the EU. The research aims to identify the factors and evaluate possible strategies for attracting FDI to the EU renewable energy sector. The author assumes that, with rising costs of Chinese equipment imports and shifts in US energy ...
Added: June 28, 2026
Zaostrovtsev A. P., Вопросы теоретической экономики 2025 № 2 С. 196–204
Th e article presents a review of a book in which its authors consider concepts of transition to sustainable
economic growth. Th e focus is on the problem of institutions and culture. Th e features of understanding their relationship
are discussed. Th e concepts of R. Allen and J. Mokyr with their diff erent interpretations of the ...
Added: June 28, 2026
EDP Sciences, 2024.
The 1st International Scientific Conference «Green taxonomy for sustainable development: From Green Technologies to Green Economy» (CONGREENTAX-2024) was held in Tashkent, Uzbekistan. For the first time, this conference unites technical and economic sciences into a single whole, to solve theoretical and practical solutions for sustainable development. The event was organized by the National Research University ...
Added: June 28, 2026
Switzerland: Springer, 2024.
This volume of Eurasian Studies in Business and Economics includes selected papers from the 44th Eurasia Business and Economics Society (EBES) Conference, held in Istanbul on July 6th, 7th and 8th, 2023 and hosted by Istanbul Bilgi University, Türkiye. The theoretical and empirical papers gathered here cover diverse areas of business and management from different ...
Added: June 28, 2026
Netherlands: ScienceDirect, 2025.
No ...
Added: June 28, 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