8 articles in this issue
Yana Korotkova
This study examines the factors behind the companies’ financial roles on the internal capital markets of Russian business groups. The main goal is to determine the driving motives for intra-group lending in Russia. To find relevant answers, we use logit- ... see more
Ksenia Zykova
We study the impact of the IPR (intellectual property rights) protection in the target and acquirer countries on the intensity of inbound cross-border M&As (mergers and acquisitions) in the target countries on a sample of 509,216 cross-border and dome... see more
Varvara Nazarova, Victoria Lavrova
Even though there are numerous papers on the impact of ESG disclosure or performance on company performance, the topic remains disputable and controversial. The growing importance of ESG scores in investment decision-making has raised a question of whethe... see more
Anna Gracheva, Elena Kopnova
The paper presents the results of a statistical study of the formation of a corporate credit rating, with regard to the sovereign rating. The research is based on the data from 19 non–financial companies in Russia’s leading industries for 2014–2018. It is... see more
Dmitry Zakhmatov, Venera Vagizova, Gayaz Valitov
The research is aimed at developing tools for determining and justifying specific ESG risks for the purpose of accounting for projected cash flows in the discount rate in business valuation. A study of modern methods, standards and publications in this ar... see more
Sergei Grishunin, Alexandra Egorova
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Since the 1980s, innovative companies all over the world have been holding a substantial cash balance on their books dueto transactional, preventive, agency, tax-related and macroeconomic motives and by limitations in capital availability dueto informatio... see more
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? ?????? ?????? ??????????? ?????? ? ???, ??? ???????????? ?????????????? ???, ??? ???????????? ??????? ? ??? ??????, ????? ????????? ??????? ?? ??/??? ????????? ? ?????. ???????? ????????? ??????, ????????? ????? ?????????? ???????????? ? ?????, ??????, ... see more