Research Seminar "Current Problems of the Financial Analysis"

2022/2023

Academic Year

ENG

Instruction in English

7

ECTS credits

Delivered at:

HSE Banking Institute

Course type:

Compulsory course

When:

2 year, 1-4 module

Instructors

Kudrin, Alexander

Мамута Михаил Валерьевич

Petronevich, Maxim

Course Syllabus

Abstract

Research Seminar “Current Problems of the Financial Analysis” (hereafter – “RS”) is the methodological base for the courses of HSE Master’s programme “Financial Analyst”. The emphasis is done for analytical and research student activities. Basic terms, research topics and methods are to be learnt during the seminars. RS partially touches the regular courses’ content, and thus helps to improve the material comprehension and stimulates the self-study. The learning objective of RS – to develop students’ skills of independent research work, including the mastering of current methods and research techniques usage, scientific discussion on the given topic, one’s own research results presentation; to help in work on the master’s thesis; to develop communication and presentation skills

Learning Objectives

• The learning objective of RS – to develop students’ skills of independent research work, including the mastering of current methods and research techniques usage, scientific discussion on the given topic, one’s own research results presentation; to help in work on the master’s thesis; to develop communication and presentation skills.

Expected Learning Outcomes

• be able to:  define the field of scientific search at choosing the research subject;  find the research problem, to define the research topic and task for the research;  use the gained statistical material and connect own conclusions with theoretical and practical provisions of financial activity;  evaluate the quality and effectiveness of empirical data;
• master:  the skills of writing the expert analytical overviews, research articles and reports, as well as skills of working on the gained material;  the skills of practical usage of theoretical knowledge on search methods and primary data analysis and forming of sources databases;  the skills of work with scientific sources including those in English;  the skills of work with data analysis and modelling software.
• The learning outcomes of the course are: The students has to know:  main results of the latest researches in the financial field; their empirical tests published in the top professional magazines in the field;  methods of scientific discussions and delivering of presentations.
•  briefly, clearly and persuasively report about the results of one’s own work and make the overview of the works in the chosen field.
•  organize and execute the whole project cycle, including the preparing the program for the research, theoretical and literature sources analysis, choice and development of research tools, empirical research work, data input, processing and analysis, results systematization, scientific-practical research conclusions justification and work on final analytical report;

Course Contents

• RS is one of the main active forms of gaining professional expertise for professional tasks which the Master student prepares for.
• RS includes meetings with representatives of Russian and foreign companies, state and public organizations as well as master classes of experts and specialists.
• Period of time when RS is held, is divided into contact hours and self-study, that is the most suitable format for seminars, as the main attention has to be drawn to research work within real scientific projects.
• RS has the following stages:  work on the course paper;  work on master thesis;  forms of research seminar
• Results of individual 1st year student work are presented in discussions.
• Main study forms of RS during the second year of Master programme are project or methodological seminars and individual work of academic supervisors with students on the master thesis topics. Results of individual 2nd year student work are discussed in scientific disputes

Assessment Elements

• presentations and the quality of reports
  Means of RS current control are exams at the end of each two modules. RS failure is to be considered as a standard academic failure. RS grade is formed by:  texts, presented as different stages of work on the course paper or master thesis;  presentations made within public discussions at RS;  participation/ presentation at seminars and scientific disputes. Final grade is defined on the basis of the current control results: attendance is 0.3, participation (in discussions) is 0.3, the quality of reports is 0.4. 1st year student has to present:  project of the course paper (2 module);  overview of literature sources on the chosen topic - essay (3 module)  course paper for discussion and obtaining the grade (4 module).
• participation (in discussions)
• presentations project of the course paper
• overview of literature sources on the chosen topic - essay
• course paper for discussion and obtaining the grade
• Attandance
• Involvement in class activity
• the quality of reports
  Dec 2022: Research project on selected topic - max 4 people per group (split is possible) - written paper and public presentation - each member of the group gets the same mark
• Final assessment
  March - April 2023: Graduation project (thesis)

Interim Assessment

• 2021/2022 2nd module
  0.25 * participation (in discussions) + 0.25 * presentations and the quality of reports + 0.5 * presentations project of the course paper
• 2021/2022 4th module
  0.2 * overview of literature sources on the chosen topic - essay + 0.4 * course paper for discussion and obtaining the grade + 0.2 * participation (in discussions) + 0.2 * presentations and the quality of reports
• 2022/2023 2nd module
  0.3 * Attandance + 0.4 * the quality of reports + 0.3 * Involvement in class activity
• 2022/2023 4th module
  1 * Final assessment

Bibliography

Recommended Core Bibliography

• Allen N. Berger, Leora F. Klapper, & Rima Turk-Ariss. (2017). Bank competition and financial stability. Chapters, 185.
• Joseph P. Hughes, & Loretta J. Mester. (2008). Efficiency in Banking: Theory, Practice, and Evidence. Departmental Working Papers.

Recommended Additional Bibliography

• Edward I. Altman, & Anthony Saunders. (1998). Credit Risk Measurement: Developments over the Last 20 Years. Http://Weber.Ucsd.Edu/~aronatas/Project/Academic/Science.Pdf.
• Timothy J. Coelli, Dodla Sai Prasada Rao, & George Edward Battese. (2012). An Introduction to Efficiency and Productivity Analysis (Vol. 1998). Springer.