• 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
Ekaterina Kazarina
The Impact of Board Independence on Russian Companies Market Value
Economics
(Bachelor’s programme)
10
2019
The purpose of this paper is to investigate the impact of board and committee independence on market value of Russian companies. Panel data analysis was applied on a sample of 46 Russian listed public firms during the period 2013-2017 in order to test hypotheses on the relationships between board and committee independence and market value measured by Tobin’s Q. The results show a positive relation between Tobin’s Q and the board independence. Independent directors in Audit, Remuneration and Compensation committees also demonstrate positive influence, while participation of such directors in Strategy committee associates with the decreasing of Tobin’s Q. The findings provide additional evidence of board independence effect, which could be applied for Russia.

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