• A
  • A
  • A
  • ABC
  • ABC
  • ABC
  • А
  • А
  • А
  • А
  • А
Regular version of the site
For visually-impairedUser profile (HSE staff only)SearchMenu

Determinants of the Market Reaction to the Appointment of Foreign Members to the Boards of Directors of Russian Companies

ФИО студента: Elizaveta Romanova

Руководитель: Marina A. Zavertiaeva

Кампус/факультет: Faculty of Economics, Management, and Business Informatics

Программа: Economics (Bachelor)

Год защиты: 2021

The board of directors is the governing body in the company, on which depends the results of the company's activities, as well as the value of a company. Investors are reacting to changes in the board of directors. The market reaction to the inclusion of foreign members in the Board of Directors is ambiguous. Therefore, the research data is to determine and direct the growth of shares of Russian companies to include a new foreign member in the Boards of Russian companies. In this work, several stages of testing were carried out. In order to determine the market reaction to the appointed foreigners, the method of event analysis was used. The least squares method was used to assess the factors influencing the market response to appointments of foreign directors. The study concluded that there is no market reaction to the inclusion of foreign directors in Russian companies. It was found that the increase in the number of scientific specialists generate a positive reaction from investors.

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