• A
  • A
  • A
  • АБВ
  • АБВ
  • АБВ
  • A
  • A
  • A
  • A
  • A
Обычная версия сайта
  • RU
  • EN
  • HSE University
  • Publications
  • Articles
  • Влияние ESG-принципов на эффективность бизнеса в странах с различной интеграцией в мировое хозяйство
  • RU
  • EN
Расширенный поиск
Высшая школа экономики
Национальный исследовательский университет
Priority areas
  • business informatics
  • economics
  • engineering science
  • humanitarian
  • IT and mathematics
  • law
  • management
  • mathematics
  • sociology
  • state and public administration
by year
  • 2028
  • 2027
  • 2026
  • 2025
  • 2024
  • 2023
  • 2022
  • 2021
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
  • 2010
  • 2009
  • 2008
  • 2007
  • 2006
  • 2005
  • 2004
  • 2003
  • 2002
  • 2001
  • 2000
  • 1999
  • 1998
  • 1997
  • 1996
  • 1995
  • 1994
  • 1993
  • 1992
  • 1991
  • 1990
  • 1989
  • 1988
  • 1987
  • 1986
  • 1985
  • 1984
  • 1983
  • 1982
  • 1981
  • 1980
  • 1979
  • 1978
  • 1977
  • 1976
  • 1975
  • 1974
  • 1973
  • 1972
  • 1971
  • 1970
  • 1969
  • 1968
  • 1967
  • 1966
  • 1965
  • 1964
  • 1963
  • 1958
  • More
Subject
News
September 11, 2026
How to Assess Students Knowledge in the Age of AI
A researcher at HSE University has proposed a flowchart to help lecturers decide how to assess students who use artificial intelligence. It shows where the use of AI should be restricted and where it can be incorporated into the learning process. The article has been published in IT Professional.
September 9, 2026
‘Balkan Hospitality Opens Doors: Studying Dialects on the Verge of Extinction
You cannot study spoken dialects from books. Instead, you need to go to a village, seek out its elders, and earn the trust of local residents before you can record hours of spontaneous stories. This is how Natalia Muravleva, Associate Professor at the Faculty of Humanities, conducts her research. Her internship in Serbia continued her long-standing study of dialects spoken by Macedonian settlers. In this interview, she discusses how diaspora cultural centres help researchers reach informants, why native speakers need to be interviewed only in their own language (otherwise, as she puts it, they may 'break'), and how a single field season helped her finalise her monograph. She also shares warm memories of autumn in Belgrade and of colleagues with whom grammar can be discussed in three languages at once.
September 9, 2026
Scientists Train Neural Network to Generate Process Plans from 3D Models
Researchers at the HSE FCS AI and Digital Science Institute have developed CAD2TechSpec, a framework that converts 3D models of mechanical parts into machining process plans—step-by-step instructions for machine tools. The solution aims to reduce the time required for the design and preparation of technical process documentation in mechanical engineering, aircraft manufacturing, and other high-tech industries. The study findings have been published in PeerJ Computer Science.

 

Have you spotted a typo?
Highlight it, click Ctrl+Enter and send us a message. Thank you for your help!

Publications
  • Books
  • Articles
  • Chapters of books
  • Working papers
  • Report a publication
  • Research at HSE

?

Влияние ESG-принципов на эффективность бизнеса в странах с различной интеграцией в мировое хозяйство

Псковский регионологический журнал. 2024. Т. 20. № 2. С. 42–63.
Ryabova E., Rossokhin V. V.

This study is designed to help companies in developing countries understand the importance of implementing sustainable development initiatives, assess the impact of the company's adherence to the ESG agenda on operational efficiency and understand the attitude of investors towards its implementation through strategic efficiency.

The company's ESG rating (ESG Combined Score) was used as an indicator of sustainable development compliance. In the study, company data from Brazil, China, India, Russia, Indonesia, Mexico, South Africa, and Turkey has been used for the period from 2014 to 2020.

The sample is unbalanced panel data. Regression analysis was carried out on a sample of each country to analyze the supposed regional features, which were later confirmed.

The results obtained indicate a significant increase in interest in the sustainable development agenda on the part of developing countries, and a significant and negative impact of ESG rating on strategic performance only for companies in Mexico and Turkey. In all other cases, the results are not significant. A significant and negative impact of the ESG rating on operational efficiency is observed among companies in China and Russia, and a positive impact – among companies in Turkey. For the most part, resource-based theory has been confirmed and investors are taking into account the socially responsible behavior of companies in countries that are most strongly integrated into the global economy.

The results may be of interest to emerging markets equity investors.

Research target: Economics and Management
Language: Russian
Full text
DOI
Text on another site
Keywords: корпоративная социальная ответственностьрыночная стоимость компаниистратегическая эффективность компанииstrategic corporate performancemarket value of the companyESG ratingESG-рейтингCorporate social responsibility (CSR)operational performance of companiesоперационная эффективность компаний
Similar publications
Модели музеефикации индустриального наследия и их роль в брендинге туристических дестинаций
Карпова Д. А., Sizova I., Gordin V. E., Креативные индустрии 2026 Т. 2 № 2 С. 10–31
This article examines the musealisation of industrial heritage and its role in regional and corporate branding. The relevance of this study stems from deindustrialisation processes, the growth of industrial tourism, and the need to preserve historical memory, which is particularly important in the context of Russian realities—the lack of a legal definition of the concept ...
Added: September 9, 2026
Адаптация российских десертных брендов на китайском рынке: социокультурный аспект
Veselova L. S., Морозова В. С., Дарчиева А. А., Управленец 2026 Vol. 17 No. 4 P. 66–78
На фоне развивающихся торгово-экономических отношений между Россией и Китаем российские десерт- ные бренды получают новые возможности для выхода на китайский рынок. Однако их присутствие ограничено преи- мущественно приграничными регионами, а продвижение сдерживается недостаточной адаптацией к социокультурным особенностям китайских потребителей. Статья посвящена разработке практических рекомендаций по формированию стратегии адаптации российских десертных брендов к специфике китайского рынка. ...
Added: September 9, 2026
When green is not attractive: energy transition, capital inflows, and environmental outcomes in BRICS economies
Kilinc-Ata N., Warong M. M., SN Business & Economics 2026 Vol. 6 Article 326(2026)
Green transitions are widely expected to attract cleaner capital and accelerate decarbonization; however, emerging-economy evidence increasingly challenges this assumption. This study examines the dynamic relationship between energy transition indicators and capital inflows in BRICS+ economies over the period 1996–2022, explicitly testing the “Green Haven” hypothesis under conditions of global uncertainty. Unlike much of the existing ...
Added: September 9, 2026
Macroeconomic determinants of the green transition: a regime-switching analysis of Indonesian clean energy start-ups
Warong M. M., International Journal of Diplomacy and Economy 2026
This study conducted in Indonesia between 2000 and 2023, demonstrates a complex, non-linear interplay between the economic environment and the emergence of clean energy start-ups. Using Autoregressive Distributed Lag and Markov Switching models, the research shows that start-up formation coincides with periods of lower GDP growth, suggesting that innovation is often spurred by necessity. Two ...
Added: September 9, 2026
Влияние электоральной неопределенности выборов президента США на криптовалютный рынок
Кореневский В. В., Экономика и математические методы 2026 Т. 25 № 3 С. 853–878
The US presidential election is a lengthy and complex process, during which candidates present their views and programs for reforming the country's politics and economy, while mass media broadcast these positions to a wide audience. In the most recent election, the topic of cryptocurrencies was used in the campaign for the electorate for the first ...
Added: September 8, 2026
Breaking the glass ceiling: female board representation, CSR and firm performance of Russian firms
Veselova A., Dikova D., Aray Y., Asia Pacific Journal of Management 2026
We examine board of directors’ gender diversity and corporate social responsibility (CSR) disclosure of Russian firms, and test for their effects on the market valuation of these firms. The Russian context is unique because gender disparity of boards and top management remains high in Russia due to historical legacy, absence of specific diversity-promoting regulations and ...
Added: September 8, 2026
Драйверы роста китайского экспорта
Mozias P., Социальные и гуманитарные науки. Отечественная и зарубежная литература. Серия 9: Востоковедение и африканистика 2026 № 2 С. 173–208
Abstract. Over the years of market reforms, China has moved from an autarkic economy to the position of the world’s largest trading power, becoming a global leader both in export volume and in total foreign trade turnover. For a long time, China’s export success was commonly explained by her use of comparative advantages in labor-intensive ...
Added: September 7, 2026
Формирование экономики замкнутого цикла: анализ инструментов вовлечения потребителей в практики ответственного потребления
Kolesnik N. A., Общество и экономика 2026 № 1-2 С. 114–134
Стремительно растущее население планеты и рост объемов индивидуального потребления при низкой включенности населения в экологические практики признается ключевым препятствием на пути к экономике замкнутого цикла. В статье анализируется использование огромного рекламно-коммуникационного потенциала крупных торговых сетей для вовлечения населения в экономику замкнутого цикла через повышение экологической сознательности и популяризацию ответственного потребления. Эмпирической основой исследования стала база данных коммуникации шести ...
Added: September 6, 2026
Mapping Business Model Adaptation: A Systematic Review of Definitions, Antecedents, and Typological Patterns
Boltachev M., Ymer 2026 Vol. 25 No. 8 P. 130–161
The field of business model adaptation (BMA) remains conceptually fragmented: definitions, antecedents, and typological patterns are scattered across isolated empirical studies, precluding cumulative theory-building. This systematic review aims to synthesise the existing literature on BMA by mapping how the construct is defined, what drives it, and what typological patterns can be identified. Following the SPAR-4-SLR ...
Added: September 4, 2026
THE IMPACT OF PREDICTIVE INTELLIGENCE AND REAL-TIME DATA INSIGHTS ON CORPORATE FINANCIAL SUSTAINABILITY
Churakova I., Кумар В., Dianli Xitong Baohu yu Kongzhi/Power System Protection and Control 2026 No. 54 (3) P. 428–454
Purpose This study examines the impact of Predictive Intelligence (PI) and Real-Time Data Insights (RDI) on Corporate Financial Sustainability (CFS), while controlling for organizational factors, industry factors, and AI-related risk factors. The research aims to determine whether these analytic capabilities (PI and RDI) individually and jointly contribute to long-term financial resilience and performance in modern organizations. Theoretical ...
Added: September 4, 2026
Использование усеченного нормального распределения при планировании страховых запасов в промышленности
Elyashevich I., Вестник Московского университета. Серия 6: Экономика 2026 Т. 61 № 3 С. 363–384
The study examined the properties of the normal distribution of the values of shipments of stocks of various categories from warehouses of large industrial companies. As a result, it was revealed that the use of the classical normal distribution, in some cases, may give incorrect results, since the values of stock shipments are positive values, ...
Added: September 3, 2026
Методы оценки структурных изменений в векторных и матричных агрегатах макроэкономических показателей
Lesnykh M., Motorin V., Тенденции экономического развития в XXI веке: Материалы VIІІ Международной научно-практической конференции, Республик Беларусь 2026 P. 233–236
The paper deals with comparative analysis of various methods for measuring and studying dynamics of structural macroeconomic indicators that reflect the peculiarities in a movement of multi-component macroeconomic systems. The metric, trigonometric and angular measures of structural changes are considered within vector formalism. Intertemporal orthogonal decomposition of a vector aggregate into the sum of quantity ...
Added: September 3, 2026
Модели «затраты–выпуск» для анализа макроэкономических эффектов импортозамещения в конечном использовании и промежуточном потреблении
Zaruckiy M., Motorin V., Тенденции экономического развития в XXI веке: Материалы VIІІ Международной научно-практической конференции 2026 P. 237–240
The paper is devoted to developing the complex of input–output models for evaluating a potential receptivity of an economy to import substitution in final use and intermediate consumption ...
Added: September 3, 2026
ОЦЕНКА И АНАЛИЗ ТУРИСТСКОГО ПОТЕНЦИАЛА АДМИНИСТРАТИВНО - ТЕРРИТОРИАЛЬНЫХ ЕДИНИЦ ПОДХОД ПРОГНОЗНЫХ ЗНАЧЕНИЙ
Koshcheev D., Isopeskul O., М.: Инфра-М, 2027.
государственным служащим. The monograph presents the results of a comprehensive analysis of the evolution of research related to the assessment of the tourist potential of administrative-territorial units (ATUs) from 1882 to 2024. For the first time, scientific schools are identified, and the author's approach to predictive values and a methodology for the quantitative assessment of the ...
Added: September 3, 2026
Логика и парадоксы управления современным образованием: Всероссийский круглый стол (Москва, МГУ имени М. В. Ломоносова, социологический факультет, 8 июня 2026 г.)
М.: МАКС Пресс, 2026.
The book consists of materials submitted by Russian and Foreign scientists to the Organizing Committee of the All-Russian Round Table “Logic and Paradoxes of Modern Education Manage ment”. The round table was held at the Faculty of Sociology of Lomonosov Moscow State University on June 08, 2026. The texts are published in author's edition. Organizing Committee`s point of ...
Added: September 2, 2026
Quality of Corporate Governance Assessment: A Methodic Approach to a Regional ESG Rating
Storchevoy M., Rogova E., Kochetkova D., Journal of Corporate Finance Research 2025 Vol. 19 No. 4 P. 105–125
The paper aims to develop an approach for assessing the quality of corporate governance in ESG ratings for regional companies in the Northwestern Federal District (NWFD) of Russia. A distinctive feature of these companies is that they, firstly, operate within the regional economy, and secondly, are not always publicly listed entities that come under the ...
Added: March 24, 2026
ERNOP Conference Proceedings 2025
European Research Network on Philanthropy, 2026.
ERNOP Conference Proceedings 2025 European Research Network on Philanthropy (ERNOP) Proceedings of contributions presented at the 12th ERNOP Conference 2025 "Philanthropy by the people, for the people? The roles, organisations and motivations of philanthropy in contemporary democracies and social structures" Heidelberg, 25–26 September 2025 First edition ...
Added: February 21, 2026
The CSR-threshold effect on dividend payout policy: insights from MENA region
Zaiane S., Bouagila C., Journal of Global Responsibility 2026
Added: February 16, 2026
Построение оптимального портфеля на основе рейтинга ESG
Nazarova V., Churakova I., Гарбар А. А. et al., Вестник Московского университета. Серия 6: Экономика 2024 Т. 59 № 6 С. 52–76
The paper examines the construction of an optimal portfolio based on an ESG (environmental, social and governance) rating. In the paper, the authors answer the question of how the ESG rating indicator affects the risk, return and Sharpe ratio of portfolios. Based on literature review, the authors conclude that there is an ambiguous relationship between ESG ratings, and ...
Added: June 3, 2025
Участие бизнеса и некоммерческих организаций в реализации Национальных проектов и повестке устойчивого развития (на примере Красноярского края)
Батаева Б. С., Киселева Н. И., Cheglakova L. M. et al., Общество и экономика 2024 № 12 С. 34–45
The methodological basis for the study of regional business entities’ participation in the ESG agenda and the implementation of national projects was the concept of sustainable development and resource theory. According to the results of a survey of 208 respondents from 144 organizations in the private and public sectors of the economy of  Krasnoyarsk Krai, large state-owned companies lag ...
Added: January 31, 2025
The Threshold Effect of Board Characteristics, Corporate Social Responsibility and Brand Value
Wu Y., Ke D., Liu Z. et al., Journal of Corporate Finance Research 2024 Vol. 18 No. 3 P. 26–37
品牌价值仍然是上市公司在双循环经济背景下保持竞争力的关键因素。本研究利用2017-2021年中国A股上市公司的面板数据,采用阈值效应模型探讨企业社会责任(CSR)与品牌价值之间复杂关系的边界条件。结合董事会规模和董事会持股比例两个维度,实证考察了董事会特征对上市公司参与企业社会责任塑造品牌价值的作用。结果表明,对社会责任的承诺在一定程度上可以提高品牌价值。然而,长期、广泛的资源投入可能会分散公司的注意力,从而对品牌价值造成不利影响。这表现为企业社会责任与品牌价值之间存在非严格的倒U型门槛效应。此外,该研究还探讨了董事会规模和董事会持股比例的变化,揭示了董事会成员对企业社会责任承诺的看法受到明显的限制。这种动态导致企业社会责任和品牌价值之间出现非线性、对称的 U 形关系——最初为负,随后为正。研究探讨董事会特征是否干预企业社会责任决策进而贡献品牌价值,以期指导上市公司董事会治理实践,优化品牌价值提升路径。 ...
Added: January 3, 2025
Реакция фондового рынка на изменение индекса устойчивого развития: российский опыт
Larin A. V., Ryabova E., Чепурова В. А., Финансы и бизнес 2024 Т. 20 № 3 С. 19–31
In recent years, there have been significant changes in the field of sustainable development, with international and national regulations regulating non-financial reporting being adopted. Quite often, stock exchanges set their own requirements for companies, including those issuing “green” instruments. Thus, an institutional environment is formed that supports and stimulates the sustainable development agenda. In such ...
Added: January 2, 2025
Составление ESG-рейтинга методом многокритериального ранжирования с использованием NLP на примере российских компаний
Mylnikov L., Storchevoy M., Vera L. et al., Известия Иркутского государственного университета. Серия: Математика 2024 Т. 50 С. 125–142
Актуальность исследования обусловлена сложностью оценки экологической и социальной ответственности компаний в условиях ограниченного времени и сведений о них, а также возможностью автоматического сбора информации из открытых источников.. Использованы методы автоматического выделения топиков из текстовых данных, методы машинного обучения и многокритериального ранжирования, сопоставительный и экспертный анализ получаемых результатов. Для проведения экспериментов было собрано более 1200 отчетов ...
Added: December 4, 2024
Трактовка ESG: систематический обзор литературы
Бабаева Ж. Р., Семенов К. К., Semenova A., Российский журнал менеджмента 2024 Т. 22 № 2 С. 253–288
Цель исследования: проанализировать трактовку ESG в  русскоязычных публикациях, проиндексированных в  наукометрической базе Российского индекса научного цитирования. Методология исследования: обзор литературы проведен согласно международному стандарту PRISMA с применением методов частотного, корреляционного и кластерного анализа корпуса ключевых слов. Результаты исследования: отечественные исследователи в основном трактуют ESG с позиции управления развитием предприятия и  как ориентир в  инвестиционных решениях. Начиная с  2019  г. ...
Added: November 19, 2024
  • About
  • About
  • Key Figures & Facts
  • Sustainability at HSE University
  • Faculties & Departments
  • International Partnerships
  • Faculty & Staff
  • HSE Buildings
  • HSE University for Persons with Disabilities
  • Public Enquiries
  • Studies
  • Admissions
  • Programme Catalogue
  • Undergraduate
  • Graduate
  • Exchange Programmes
  • Summer University
  • Summer Schools
  • Semester in Moscow
  • Business Internship
  • Research
  • International Laboratories
  • Research Centres
  • Research Projects
  • Monitoring Studies
  • Conferences & Seminars
  • Academic Jobs
  • Yasin (April) International Academic Conference on Economic and Social Development
  • Media & Resources
  • Publications by staff
  • HSE Journals
  • Publishing House
  • iq.hse.ru: commentary by HSE experts
  • Library
  • Economic & Social Data Archive
  • Video
  • HSE Repository of Socio-Economic Information
  • HSE1993–2026
  • Contacts
  • Copyright
  • Privacy Policy
  • Site Map
Edit