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Fundamental Factors Affecting The Moex Russia Index : Structural Break Detection In A Long-Term Time Series
Lozinskaia, Agata - 2019
interest rates in Russia and the USA) on the MOEX Russia Index over long time interval from 2003 to 2018. The analysis of the … fundamental factors which are probably caused by the structural instability revealed earlier in Russia and other stock markets …
Persistent link: https://www.econbiz.de/10012861490
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Protection of Investors : New Challenges for the Disclosure of Information in the Securities Market in Russia
Selivanovsky, Anton - 2014
. In Russia the institute of disclosure in the securities market does not secure provision of investor rights to obtain … disclose information, as mechanisms of liability are ineffective. This institution in Russia does not mitigate the …
Persistent link: https://www.econbiz.de/10013045562
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Informal Loans in Russia : Credit Rationing or Borrower's Choice?
Semenova, Maria - 2013
This paper examines the strategies of Russian households for choosing either the formal or informal banking sector as a source of credit. We aim to learn why households refuse to become clients of a bank and prefer to instead raise funds by borrowing from individuals – friends, colleagues,...
Persistent link: https://www.econbiz.de/10013079860
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The Effects of Mergers on Sellers, Customers, and Competitors in Russia's Ferrous and Non-Ferrous Metal Industries : The Application of Financial Event Study
Tsytsulina, Dina - 2013
. Their market power is limited on the world market due to the presence of competitors, while in Russia most of them have …. During 1999-2011 numerous mergers in these industries were completed and approved by the Federal Antitrust Service – Russia …'s competition agency. The key problem of merger analysis in Russia's ferrous and non-ferrous metal industries is the trade …
Persistent link: https://www.econbiz.de/10013074690
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Comparison of Default Probability Models : Russian Experience
Karminsky, Alexander - 2012
Under the Basel II accord, improving probability of default models is a key risk-management priority. There are four main aspects of this research: suggesting the bank default classification; using a wide time horizon (quarterly Russian banking statistics from 1998 to 2011); investigating the...
Persistent link: https://www.econbiz.de/10013100257
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An Asymmetric Approach to the Cost of Equity Estimation : Empirical Evidence from Russia
Dranev, Yury - 2013
The choice of an appropriate model for the estimation of the cost of equity in emerging markets is still a very challenging problem. Market inefficiency, limited opportunities for diversification, as well as liquidity issues inspire researches to look for risk characteristics beyond the...
Persistent link: https://www.econbiz.de/10013085950
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Financial Architecture and Corporate Performance : Evidence from Russia
Kokoreva, Maria - 2013
In this paper we study the performance effects of capital structure, ownership structure and corporate governance of Russian companies. To address the lack of research in corporate performance modeling in emerging markets we contribute to the literature by introducing a cluster analysis of the...
Persistent link: https://www.econbiz.de/10013073913
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Corporate Governance and Investment : Evidence from Russian Unlisted Firms
Sprenger, Carsten - 2017
for corporate governance in Russia depending on the number of shareholders …
Persistent link: https://www.econbiz.de/10012960841
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Startups in Russia : Ownership vs. Performance
Guseva, Olga - 2020
Russia. We focus on how different types of owners (e.g. founders, state, venture capital and corporate firms) contribute to …
Persistent link: https://www.econbiz.de/10012847473
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Upside and Downside Risks in Momentum Returns
Dobrynskaya, Victoria - 2020
I provide a novel risk-based explanation for the profitability of momentum strategies. I show that the past winners and the past losers are differently exposed to the upside and downside market risks. Winners systematically have higher relative downside market betas and lower relative upside...
Persistent link: https://www.econbiz.de/10012855873