Finance

Financial Economics / FE

Главный редактор серии: Мария Семенова

 

Nikita Kozlov, Maria Semenova "A New Approach to Identifying Political Connections: Evidence from the Russian Banking Sector", Series: Financial Economics, WP BRP 99/FE/2025

Опубликован 17.04.2025

 

Sedki Zaiane "Critical Mass And Bank Risk: Examining The Threshold Effect Of Women On Boards In The Mena Region", Series: Financial Economics, WP BRP 98/FE/2025

Опубликован 03.03.2025

 

Polina A. Popova "The Impact Of Covid-19 And Preferential Mortgage Lending Programs On Mortgage Lending: Evidence From Russia", Series: Financial Economics, WP BRP 97/FE/2025 

Опубликован 03.03.2025

 

Sedki Zaiane, Maria Semenova "The Uniform Relationship Between Managerial Ability And Bank Loan Quality: Does It Hold? Evidence From Quantile Regressions", Series: Financial Economics, WP BRP 96/FE/2025 

Опубликован 17.02.2025

 

Nikolai A. Manushkin "Application Of Fama-French Five Factor Model On The Russian Market", Series: Financial Economics, WP BRP 95/FE/2024 

Опубликован 23.05.2024

 

Yuliana Loginova, Maria Semenova "Board Gender Diversity And Bank Performance During Covid-19: Did Women Save The Day?", Series: Financial Economics, WP BRP 94/FE/2024

Опубликован 14.02.2024

 

Polina Popova "COVID-19, Corporate Non-performing Loans, and Corporate Lending Dynamics: Evidence from Russian Regions", Series: Financial Economics, WP BRP 93/FE/2024

Опубликован 17.01.2024

 

Polina Popova, Maria Semenova, Vladimir Sokolov "Covid-19 And Retail Depositor Strategies In Russian Regions: Whether To Withdraw And Why?", Series: Financial Economics, WP BRP 92/FE/2023

Опубликован 10.05.2023

 

Anastasia N. Stepanova, Polina A. Khmeleva "The Impact Of Family Ties And Founder Involvement On Innovation In High-Tech Firms", Series: Financial Economics, WP BRP 91/FE/2022

Опубликован 25.12.2022

 

Evgenii Zimin, Maria Semenova "Profitability And Bank De-Branching In The Digital Age: Evidence From Russian Regions", Series: Financial Economics, WP BRP 90/FE/2022

Опубликован 20.12.2022

 

Victor Lapshin "Sensitivity-Based Bond Portfolio Immunization With Nonparametric Term Structure Models", Series: Financial Economics, WP BRP 89/FE/2022

Опубликован 26.07.2022

 

Victor Lapshin, "Model Risk In Bond Portfolio Hedging", Series: Financial Economics, WP BRP 88/FE/2022

Опубликован 27.06.2022
 
 
Kolade Sunday Adesina, Maria Semenova Do Non-Interest Income Activities Matter For Banking Sector Efficiency? A Net Interest Margin Perspective, Series: Financial Economics, WP BRP 87/FE/2022 

Опубликован 15.03.2022

 

Victoria Dobrynskaya, Mikhail Dubrovskiy "Cryptocurrencies Meet Equities: Risk Factors And Asset Pricing Relationships", Series: Financial Economics, WP BRP 86/FE/2022

Опубликован 24.02.2022

 

Irina Iakimenko, Maria Semenova, Eugeny Zimin "The More The Better? Information Sharing And Credit Risk", Series: Financial Economics, WP BRP 85/FE/2021

Опубликован 10.11.2021

 

Victor Lapshin "Immunizing a Marked-to-Model Obligation with Marked-to-Market Financial Instruments", Series: Financial Economics, WP BRP 84/FE/2021 

Опубликован 09.11.2021

 

Mariia S. Evdokimova, Sergey A. Kuzubov "Non-Financial Reporting And The Cost Of Capital In BRICS Countries", Series: Financial Economics, WP BRP 83/FE/2021 

Опубликован 23.06.2021

 

Irina Skvortsova, Anna Vershinina "Do Cognitive Biases Impact M&A Performance in Emerging Markets? Evidence from Russian Firms", Series: Financial Economics, WP BRP 82/FE/2021

Опубликован 26.05.2021

 

Alexander Benov, Maria Semenova "Bank Runs And Media Freedom: What You Don’t Know Won’t Hurt You?", Series: Financial Economics, WP BRP 81/FE/2021 

Опубликован 16.02.2021

 

Victoria Dobrynskaya, Julia Kishilova "Lego - The Toy Of Smart Investors", Series: Financial Economics, WP BRP 80/FE/2020

Опубликован 16.09.2020

 

Victoria Dobrynskaya "Is Downside Risk Priced In Cryptocurrency Market?", Series: Financial Economics, WP BRP 79/FE/2020

Опубликован 16.09.2020

 

Anastasia N. Stepanova, Anastasia V. Suraeva "An Overconfident CEO VS A Rational Board: The Tale About Bank Risk-Taking", Series: Financial Economics, WP BRP 78/FE/2019

Опубликован 19.11.2019

 

Agata M. Lozinskaia, Anastasiia D. Saltykova "Fundamental Factors Affecting The Moex Russia Index: Structural Break Detection In A Long-Term Time Series", Series: Financial Economics, WP BRP 77/FE/2019

Опубликован 10.10.2019

 

Olga Guseva, Anastasia Stepanova "Startups In Russia: Ownership Vs. Performance", Series: Financial Economics, WP BRP 76/FE/2019

Опубликован 04.10.2019

 

Valeria V. Lakshina "Do Portfolio Investors Need To Consider The Asymmetry Of Returns On The Russian Stock Market?", Series: Financial Economics, WP BRP 75/FE/2019 

Опубликован 26.06.2019

 

 Anastasia N. Stepanova, Olga O. Kopyrina "The Influence Of Ownership Structure And Board Independence On The Cost Of Debt In Bric Countries", Series: Financial Economics, WP BRP 74/FE/2019

Опубликован 18.03.2019

 

 Victor Lapshin, Sofia Sokhatskaya "Choosing The Weighting Coefficients For Estimating The Term Structure From Sovereign Bonds", Series: Financial Economics, WP BRP 73/FE/2018

Опубликован 27.12.2018

 

 Karatetskaya Efrosiniya, Lakshina Valeriya "Volatility Spillovers With Spatial Effects On The Oil And Gas Market", Series: Financial Economics, WP BRP 72/FE/2018

Опубликован 25.12.2018

 

 Marat Z. Kurbangaleev, Victor A. Lapshin, Zinaida V. Seleznyova "Studying The Replicability Of Aggregate External Credit Assessments Using Public Information", Series: Financial Economics, WP BRP 71/FE/2018

Опубликован 14.12.2018

 

 Elena Karnoukhova, Anastasia Stepanova, Maria Kokoreva "The Influence Of The Ownership Structure On The Performance Of Innovative Companies In The US", Series: Financial Economics, WP BRP 70/FE/2018

Опубликован 20.11.2018

 

 Artem E. Anilov, Irina V. Ivashkovskaya "Do Boards Of Directors Affect CEO Behavior? Evidence From Payout Decisions", Series: Financial Economics, WP BRP 69/FE/2018

Опубликован 08.11.2018

 

 François Guillemin "Governance by Depositors, Bank Runs and Ambiguity Aversion: A Theoretical Approach", Series: Financial Economics, WP BRP 68/FE/2018

Опубликован 13.08.2018

 

 François Guillemin, Maria Semenova "Transparency and Market Discipline: Evidence from the Russian Interbank Market", Series: Financial Economics, WP BRP 67/FE/2018

Опубликован 02.08.2018

 

 Egor A. Krivosheya "Evaluating Efficient Multilateral Interchange Fees: Evidence from End-User Benefits", Series: Financial Economics, WP BRP 66/FE/2018

Опубликован 09.07.2018

 

 Maria Bondarenko, Maria Semenova "Do High Deposit Interest Rates Signal Bank Default? Evidence from the Russian Retail Deposit Market", Series: Financial Economics, WP BRP 65/FE/2018

Опубликован 07.06.2018

 

 Maria Semenova "A Bank Run in a Classroom: Do Smart Depositors Withdraw on Time?", Series: Financial Economics, WP BRP 64/FE/2018

Опубликован 26.01.2018

 

 Anastasia Stepanova, Vladislav Savelyev, Malika Shaikhutdinova "The Anchoring Effect in Mergers and Acquisitions: Evidence from an Emerging Market", Series: Financial Economics, WP BRP 63/FE/2018

Опубликован 26.01.2018

 

 Maria Kokoreva, Anastasia Stepanova, Kirill Povkh "Could High-Tech Companies Learn from Others While Choosing Capital Structure?", Series: Financial Economics, WP BRP 62/FE/2017

Опубликован 27.10.2017

 

 Victoria Dobrynskaya "Dynamic Momentum and Contrarian Trading", Series: Financial Economics, WP BRP 61/FE/2017

Опубликован 22.09.2017 

 

Vladimir Sokolov, Laura Solanko, "Political Influence, Firm Performance and Survival", Series: Financial Economics, WP BRP 60/FE/2017 

Опубликован 11.07.2017

 

Nikolay A. Andreev, "Boundedness of the Value Function of the Worst-Case Portfolio Selection Problem with Linear Constraints", Series: Financial Economics, WP BRP 59/FE/2017 (PDF, 568 Кб)

Опубликован 25.01.2017

 

Koen Schoors, Maria Semenova, Andrey Zubanov, "Depositor Discipline in Russian Regions: Flight to Familiarity or Trust in Local Authorities?", Series: Financial Economics, WP BRP 58/FE/2016 (PDF, 1.97 Мб)

Опубликован 20.10.2016

 

Maria Semenova, Andrey Shapkin, "Currency Shifts as a Market Discipline Device: The Case of the Russian Market for Personal Deposits", Series: Financial Economics, WP BRP 57/FE/2016 (PDF, 825 Кб)

Опубликован 06.08.2016

 

Fuad Aleskerov, Natalia Meshcheryakova, Alisa Nikitina, Sergey Shvydun, "Key Borrowers Detection by Long-Range Interactions", Series: Financial Economics, WP BRP 56/FE/2016 (PDF, 1.66 Мб)

Опубликован 02.08.2016

 

Agata M. Lozinskaia, Evgeniy M. Ozhegov, Alexander M. Karminsky, «Discontinuity in Relative Credit Losses: Evidence from Defaults on Government-Insured Residential Mortgages», Series: Financial Economics, WP BRP 55/FE/2016 (PDF, 339 Кб)

Опубликован 22.07.2016

 

Alexander V. Porshnev, Valeria V. Lakshina, Ilya E. Red'kin, "Could Emotional Markers in Twitter Posts Add Information to the Stock Market Armax-Garch Model”, Series: Financial Economics, WP BRP 54/FE/2016 (PDF, 393 Кб)

Опубликован 11.04.2016

 

Alexander Chigodaev, "Recursive Method for Guaranteed Valuation of Options in Deterministic Game Theoretic Approach", Series: Financial Economics, WP BRP 53/FE/2016 (PDF, 550 Кб)

Опубликован 30.03.2016

Обновлен 10.05.2016

 

Irina Andrievskaya, Maria Semenova, "Does Biological Endowment Matter for Demand for Financial Services? Evidence from Russian Household Survey", Series: Financial Economics, WP BRP 52/FE/2016 (PDF, 1.15 Мб)

Опубликован 03.02.2016

 

Irina Andrievskaya, Mikhail Raschupkin, "Is it Worth Being Transparent? Evidence from the Russian Banking System", Series: Financial Economics, WP BRP 51/FE/2016

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Опубликован 08.12.2015

 

Victoria V. Dobrynskaya, "Upside and Downside Risks in Momentum Returns", Series: Financial Economics, WP BRP 50/FE/2015

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Опубликован 24.11.2015

 

Dmitrii V. Timofeev, "Non-Keynesian Savings of Russians", Series: Financial Economics, WP BRP 49/FE/2015

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Опубликован 20.11.2015

 

 Igor G. Pospelov, Stanislav A. Radionov, "Optimal Dividend Policy When Cash Surplus Follows The Telegraph Process", Series: Financial Economics, WP BRP 48/FE/2015

Опубликован 17.09.2015

Обновлен 20.03.2018

 

Svetlana A. Grigorieva, Georgii Gorbatov, "Puzzle of Corporate Diversification Efficiency in Bric Countries", Series: Financial Economics, WP BRP 47/FE/2015

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Опубликован 01.09.2015

 

Mikhail Mamonov and Andrei Vernikov, "Bank ownership and cost efficiency in Russia, revisited", Series: Financial Economics, WP BRP 46/FE/2015  

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Опубликован 11.06.2015

 

Nikolay A. Andreev, “Worst-Case Approach To Strategic Optimal Portfolio Selection Under Transaction Costs And Trading Limits”, Series: Financial Economics, WP BRP 45/FE/2015

Опубликован 19.05.2015

Обновлен 09.11.2015

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Marina A. Zavertiaeva, "Portfolio Forming Decisions: The Role of Intangibles", Series: Financial Economics, WP BRP 44/FE/2015  

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Опубликован 09.04.2015

 

Marat Z. KurbangaleevVictor A. LapshinSergey N. Smirnov, "Study of Consistency of Bond and CDS Quotes", Series: Financial Economics, WP BRP 43/FE/2015   

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Опубликован 02.04.2015

 

Iuliia N. NaidenovaPetr A. ParshakovMarina A. Zavertiaeva, Eduardo Tome, “Look For People, Not For Alpha: Mutual Funds Success And Managerial Intellectual Capital”, Series: Financial Economics, WP BRP 42/FE/2015  

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Опубликован 03.03.2015

 

 Félix J. López-Iturriaga, Domingo Javier Santana-Martín, “Do Shareholder Coalitions Modify Dominant Owner's Control? The Impact On Dividend Policy”,  Series: Financial Economics, WP BRP 41/FE/2015 

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Опубликован 20.01.2015

 

Petr Parshakov, “Russian Mutual Funds: Skill vs. Luck”,  Series: Financial Economics, WP BRP 40/FE/2014   

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Опубликован 17.12.2014

 

Victor A. LapshinVadim Ya. Kaushanskiy, “A Nonparametric Method For Term Structure Fitting With Automatic Smoothing”, Series: Financial Economics, WP BRP 39/FE/2014  

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Опубликован 08.12.2014

 

Nikolay A. Andreev, “On Linearity Of Transaction Costs In Order Driven Market”, Series: Financial Economics, WP BRP 38/FE/2014

Опубликован 22.10.2014

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Valeria V. Lakshina, “The Fluke Of Stochastic Volatility Versus Garch Inevitability : Which Model Creates Better Forecasts?”, Series: Financial Economics, WP BRP 37/FE/2014  

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Опубликован 22.10.2014

 

Ekaterina E. Kuzmicheva, “The Influence Of Financial Constraints And Attitude Towards Risk In Corporate Investment Decisions”,  Series: Financial Economics, WP BRP 36/FE/2014

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Опубликован 22.09.2014

 

Irina AndrievskayaMaria Semenova, “Does Banking System Transparency Enhance Bank Competition? Cross-Country Evidence”, Series: Financial Economics, WP BRP 35/FE/2014

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Опубликован 08.09.2014

 

Svetlana B. AvdashevaDina V. Tsytsulina, “The Effects Of Competition Policy: Merger Approval, Entry Barrier Removal, Antitrust Enforcement Compared”, Series: Financial Economics, WP BRP 34/FE/2014

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Опубликован 27.08.2014

 

Fuad AleskerovIrina Andrievskaya, Elena Permjakova "Key Borrowers Detected By The Intensities Of Their Short-range Interactions", Series: Financial Economics, WP BRP 33/FE/2014

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Опубликован 12.08.2014

 

Aleksei Minabutdinov, Ilia Manaev, Maxim Bouev, “Finding The Nearest Valid Covariance Matrix: A Fx Market Case”, Series: Financial Economics, WP BRP 32/FE/2014 

Опубликован 23.06.2014

 

Evgeniy M. Ozhegov, ”The Underwriting, Choice And Performance Of Government-Insured Mortgages In Russia”, Series: Financial Economics, WP BRP 31/FE/2014 

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Опубликован 16.06.2014

 

Agatha M. Poroshina, "Credit Risk Modeling Of Residential Mortgage Lending In Russia", Series: Financial Economics, WP BRP 30/FE/2014 

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Опубликован 22.04.2014

 

Liudmila G. Egorova, "The Effectiveness Of Different Trading Strategies For Price-Takers", Series: Financial Economics, WP BRP 29/FE/2014 

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Опубликован 21.04.2014

 

Iuliia NaidenovaPetr Parshakov, Alexey Chmykhov, "Soccer Sponsor: Fan Or Businessman?", Series: Financial Economics, WP BRP 28/FE/2014

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Опубликован 03.03.2014

 

Dranev Yury, Maxim Babushkin, "Asymmetric exchange-rate exposure in BRIC countries", Series: Financial Economics, WP BRP 27/FE/2014

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Опубликован 04.02.2014

 

Dranev Yury, Fomkina Sofya, "Colog asset pricing, evidence from emerging markets", Series: Financial Economics, WP BRP 26/FE/2013

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Опубликован 31.12.2013

 

Marina A. OskolkovaPetr A. Parshakov, "Company intangibles: creation vs absorption", Series: Financial Economics, WP BRP 25/FE/2013

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Опубликован 31.12.2013

 

Elena ShakinaMaria Molodchik, "Intangible-driven value creation: supporting and obstructing factors", Series: Financial Economics, WP BRP 24/FE/2013

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Опубликован 16.12.2013

 

Anna A. Bykova, Evgeniia V. Kuminova, "Did relational capital matter during the financial crisis?", Series: Financial Economics, WP BRP 23/FE/2013

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Опубликован 19.12.2013

 

Alexander Porshnev,  Ilya Redkin, Alexey Shevchenko "Improving prediction of stock market indices by analyzing the psychological states of twitter users", Series: Financial Economics, WP BRP 22/FE/2013

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Опубликован 16.12.2013

 

Maria KokorevaAnastasia Stepanova, "Financial architecture and corporate performance: evidence from Russia", Series: Financial Economics, WP BRP 21/FE/2013

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Опубликован 25.10.2013

 

Svetlana Grigorieva, Tatiana Petrunina, "The performance of mergers and acquisitions in emerging capital markets: new evidence", Series: Financial Economics, WP BRP 20/FE/2013

See the abstract

Опубликован 24.10.2013

 

Mikhail E. Mamonov, "Bad management, skimping, or both? The relationship between cost efficiency and loan quality in Russian banks", Series: Financial Economics, WP BRP 19/FE/2013

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Опубликован 24.10.2013

 

Henry Penikas, Proskurin S., "How Well do Analysts Predict Stock Prices? Evidence from Russia",  Series: Financial Economics, WP BRP 18/FE/2013

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Опубликован 08.10.2013

 

Ekaterina E. KuzmichevaKirill E. Kuzmichev, "The influence of financial constraints and real options on corporate investment decisions", Series: Financial Economics, WP BRP 17/FE/2013

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Опубликован 18.09.2013

 

Polina Savchenko, Maria Semenova "Sitting on the fence: does having a ‘dual-director’ add to bank profitability?", Series: Financial Economics, WP BRP 16/FE/2013

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Опубликован 14.08.2013

 

Henry Penikas, W. Travis Selmier II "Does banking regulation cause counterproductive economic dynamics?", Series: Financial Economics, WP BRP 15/FE/2013

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Опубликован 24.07.2013

 

Maria SemenovaVictoria Rodina "Informal loans in Russia: credit rationing or borrower’s choice?", Series: Financial Economics, WP BRP 14/FE/2013

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Опубликован 27.06.2013

 

Victor LapshinMarat Kurbangaleev "A joint non-parametric approach to the decomposition of bond yields and CDS spreads: application of Eurozone market data", Series: Financial Economics, WP BRP 13/FE/2012

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Опубликован 17.03.2013

 

Yury Dranev, Sofya Fomkina "An asymmetric approach to the cost of equity estimation: empirical evidence from Russia", Series: Financial Economics, WP BRP 12/FE/2012

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Опубликован 28.02.2013

 

Iuliia NaidenovaPetr Parshakov "Intellectual Capital Investments: Evidence from Panel Var Analysis", WP BRP 11/FE/2012

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Опубликован 22.01.2013

 

Anastasia Stepanova, Olga Ivantsova "Does Corporate Governance Have an Effect on Performance in the European Banking Sector? Evidence from a Crisis Environment",  WP BRP 10/FE/2012

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 Опубликован 29.12.2012

 

Nikita Gomayun, Henry Penikas, Yulia Titova "Do Hedging and Trading Derivatives Have the Same Impact on Public European Banks' Value and Share Performance?", WP BRP 09/FE/2012

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 Опубликован 21.12.2012

 

Alexander Karpov, Semyon Yurkov "Generalized bankruptcy problem", Series: Financial Economics, WP BRP 08/FE/2012

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 Опубликован 27.11.2012

 

Maria Semenova, Irina Andrievskaya "Are banks peer disciplined? Evidence from post-crisis Russia", Series: Financial Economics, WP BRP 07/FE/2012

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Опубликован 22.11.2012

 

Alexander Karminsky, Alexander Kostrov, Taras Murzenkov "Comparison of default probability models: Russian experience", Series: Financial Economics, WP BRP 06/FE/2012

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Опубликован 26.09.2012

 

Boris BrodskyHenry Penikas, Irina Safaryan "Copula structural shift identification", Series: Financial Economics, WP BRP 05/FE/2012

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Опубликован 08.08.2012

 

Fuad Aleskerov, Azamat Keskinbaev, Henry Penikas "A Multiplicative Model of Countercyclical Capital Buffer Evaluation Differentiated by Homogeneous Clusters of Countries", Series: Financial Economics, WP BRP 04/FE/2012

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Опубликован 29.06.2012

 

Henry Penikas "An Optimal Incentive Contract Preventing Excessive Risk-Taking by a Bank Manager", Series: Financial Economics, WP BRP 03/FE/2012

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Опубликован 28.04.2012

 

Henry Penikas, Yulia Titova "Modeling Policy Response to Global Systemically Important Banks Regulation", Series: Financial Economics, WP BRP 02/FE/2012

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Опубликован 25.04.2012

 

Richard Hainsworth, Alexander KarminskyVasily Solodkov "Arm's Length Method for Comparing Rating Scales", Series: Financial Economics, WP BRP 01/FE/2012

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Опубликован 18.04.2012

 

Any opinions or claims contained in these Working Papers do not necessarily reflect the views of HSE