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News
August 21, 2026
Social Integration: At the Crossroads of Knowledge and Values
The International Laboratory for Social Integration Research (ILSIR) at HSE University studies the challenges faced by vulnerable groups and explores ways to help them participate fully in everyday life. To develop effective solutions, the laboratory’s researchers combine cutting-edge methods with practical fieldwork. In this interview with the HSE News Service, Laboratory Head Elena Iarskaia-Smirnova discusses the laboratory’s work.
August 18, 2026
HSE Scholar Presents Research on Postcards in Brazil and South Korea
Timur Khusyainov, Deputy Dean of theFaculty of Humanities atHSE University–Nizhny Novgorod, took part in two international conferences—the XVI World Congress of Rural Sociology in Porto Alegre, Brazil, and the 36th Annual Conference of the Alliance of Digital Humanities Organisations (DH2026) in Daejeon, South Korea. On his way to the conferences, the researcher also visited several other places, where he presented the experience of the Pochtovoe educational project.
August 18, 2026
Physicists Discover What Happens Inside a Stable Vortex
Large vortices with characteristic spiral arms are often observed in the atmosphere and the ocean. Physicists from HSE University have explained how these structures form and why they retain their shape. The researchers found that velocities at points located along the same vortex arc remain correlated even over long distances. At the same time, this correlation weakens rapidly with increasing distance from the vortex centre. These differences help explain the formation of spiral arms and may improve models of atmospheric and oceanic currents. The findings have been published in Physical Review Fluids.

 

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The impact of CEOs’ characteristics on pricing at initial coin offerings

The Journal of the New Economic Association. 2025. No. 1(66). P. 132–157.
E.S. Nemchenko, A.A. Pustynnikova, V.V. Krakovich

The present study investigates the impact of chief executive officers’ (CEOs) observable, psychological, and facial traits on the valuation of initial coin offerings (ICOs). To collect data on the CEOs’ traits, we processed textual data from websites, their personal pages on social networks, interviews, and other sources. We applied an artificial intelligence approach to quantify the facial characteristics of CEOs from their photos. We used the ICO Drops and CoinMarketCap databases to retrieve ICOs during the COVID-19 period. We then applied regression analysis to test hypotheses regarding their association with ICO valuation. The findings indicate significant results for tenure and dominance, while lacking predictive power for age, gender, human capital, extraversion, and facial parameters during the crisis period. The results, in the form of formulated CEO profiles during the crisis period, may provide implications for both investors and ventures to appropriately assess CEOs’ signals during the ICO launching process.

Research target: Economics and Management
Language: English
Full text
DOI
Keywords: CEOupper echelon theoryInitial coin offering (ICO)Signalling theoryCOVID-19
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