• A
  • A
  • A
  • ABC
  • ABC
  • ABC
  • А
  • А
  • А
  • А
  • А
Regular version of the site

Student
Title
Supervisor
Faculty
Educational Programme
Final Grade
Year of Graduation
Alexander Borontov
Value Drivers of Shareholder Value Creation - Industry Specific View
Corporate Finance
(Master’s programme)
2018
Value creation and sustainability of this process is an essential motive of shareholders and potential investors. Clear understanding of factors that contribute to sustainable value creation and of their variation between industries is a prerequisite for value-based management. However, an in-depth analysis of determinants of sustainable value creation for Russian companies is not present in the existing literature. The aim of this research is to fill this research gap. The paper reveals patterns of value drivers and their characteristics for high- and low-performing companies in terms of sustainable value creation as well as industry specifics of these patterns. Based on the research findings the author proposed dynamic value creation index (DVCI), a tool for analysing companies’ performance in terms of value based management, and tested it on a sample of Russian companies.

Student Theses at HSE must be completed in accordance with the University Rules and regulations specified by each educational programme.

Summaries of all theses must be published and made freely available on the HSE website.

The full text of a thesis can be published in open access on the HSE website only if the authoring student (copyright holder) agrees, or, if the thesis was written by a team of students, if all the co-authors (copyright holders) agree. After a thesis is published on the HSE website, it obtains the status of an online publication.

Student theses are objects of copyright and their use is subject to limitations in accordance with the Russian Federation’s law on intellectual property.

In the event that a thesis is quoted or otherwise used, reference to the author’s name and the source of quotation is required.

Search all student theses