Forecasting of Financial Performance of Companies considering Intellectual Capital

Student: Britvina Ksenia

Educational Programme: Corporate Finance (Master)

Final Grade: 8

Year of Graduation: 2019

In the conditions of post-industrial economy, the stability of companies has become dependent on not only the amount of physical capital, but also on the availability of a variety of resources such as information, innovation, human and client capital. Classical forecasting models do not take into account the impact of such resources. The work is aimed to build an empirical forecasting model, which considers both financial ratios and measurements of intellectual capital and non-financial factors. The model was built based on the Ohlson logit-model and tested on the data of Russian public companies for 2012–2017.

Full text (added May 27, 2019)

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