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

Lessons in Finance at HSE's April Conference

On April 9th and 10th, HSE’s School of Finance is organising several new platforms of discussion as part of the XVI April International Academic Conference. Topics will include measuring and assessing companies’ intellectual capital, research on corporate financial decisions, and for Russian and foreign post-graduate students, the second annual PhD seminar on financial markets and corporate financial policy will take place.

About Intellectual Capital

 

For the first time in the April Conference's history, a separate section is being organized on intellectual capital and its impact on companies' efficiency. It is being carried out together with the European Institute for Advanced Studies in Management (EIASM), which is based in Brussels.

‘We might be asked, what is finance doing here? Well the thing is, the efficiency of these resources should be assessed and, accordingly, measured, and all measurements are financial issues. This is especially true in monetary form if we are talking about their impact on a company’s performance. It is critical to identify the role of intellectual capital as a driver for a business’ value,’ according to Irina Ivashkovskaya, who is the head of HSE’s School of Finance and the section leader. Professor Ivashkovskaya adds that the topic of intellectual capital is not studied in Russia, and if it is, it is done at the micro level. As an example, she uses HSE’s Institute for Statistical Studies and Economics of Knowledge, which studies the level of intellectual capital in the economy.

‘Intellectual resources are unique. They form the core of business’ competitive capabilities, and they are very difficult to copy,’ Ivashkovskaya adds. The session, which takes place on April 9, will be the first time these issues have been looked at on such a large scale in Russian academia.

Professor Stefano Zambon from the University of Ferrara will show why practices that were successful in one country at one period of time end up being inefficient under different national conditions or at a different time

 The section will open with a paper by Professor Stefano Zambon from Italy’s University of Ferrara. Professor Zambon is a recognized expert in the field of intellectual capital, and the organiser and leader of EIASM’s annual international conference, which has been taking place under his leadership for ten years. Professor Zambon will summarize the best international practices in this field and show the benefits of reporting on intellectual capital. He will also show why practices that were successful in one country at one period of time end up being inefficient under different national conditions or at a different time.

Another element of the special section is a research session that will feature four unique papers. They are empirical works built on quantitative methods and data collected on various companies and countries. Presenters include representatives from the International Laboratory of Intangible-driven Economy at HSE’s Perm campus, as well as the Corporate Finance Centre at HSE Moscow.

The section will end with a round table discussion that will be strictly practical in nature. Participating in the section are specialists from the global consulting companies PricewaterhouseCoopers, E&Y, and KPMG, which all use a methodology for assessing intellectual resources in real-life consulting in Russia and around the world.

 

The joint HSE-EIASM section will be a unique prelude to another academic forum; HSE is set to host an international conference on intellectual capital in the fall of 2016

 

 The joint HSE-EIASM section will be a unique prelude to another academic forum; HSE is set to host an international conference on intellectual capital in the fall of 2016. The conference has already been taking place for ten years at various universities around the world.

About Corporate Finance

Instructors and researchers of the School of Finance traditionally present their papers at various sessions of the April Conference. In 2015, however, a special session will take place during the Firms and Markets section where all papers will be presented by HSE researchers.  A wide array of financial issues will be discussed during the session, including the results of research carried out by HSE’s Corporate Finance Centre for the international consulting company PricewaterhouseCoopers.

About the PhD Seminar

Headed by Irina Ivashkovskaya and Alexander Karminsky, the second international PhD Seminar will be held on April 10. This year’s seminar is devoted to financial markets and corporate financial policy. The PhD Seminar’s keynote speaker is Professor Elettra Agliardi of the University of Bologna. Professor Agliardi will present her viewpoint on the role of ambiguous solutions and uncertain results in corporate finance. This is an original work that largely sets the tone for prospective areas of research.

In addition, post-graduate students from HSE and a number of foreign universities will present papers at the seminar. ‘The purpose of the seminar is to nurture within our walls a culture of discussion for junior researchers,’ Professor Ivashkovskaya notes.

This is the second time the seminar has been held, and it should expand geographically and become an annual event. In the future, works presented at the seminar may appear in academic collections published by large publishing houses.

Registration requests  for HSE's XVI April Conference are being accepted until March 25

See also:

Russia’s Middle Class: Who Are Its Members and How Do They Spend Their Money?

The HSE Centre for Studies of Income and Living Standards studied the dynamics of the middle class and its behaviour with regard to paid services. The study was based on data drawn from the HSE Russian Longitudinal Monitoring Survey (RLMS-HSE) for the years 2000 to 2017, and the results were presented at the 20th April International Academic Conference hosted by HSE.

Reproductive Evolution: How Birth Rates Are Changing in Post-Soviet Countries

Reproductive behavior is modernizing at different rates in post-Soviet countries. Things are changing faster in Russia, Armenia, Georgia and Ukraine, where, over the last fifteen years, the average maternity age has increased and the contribution of women in their thirties to their countries’ birthrates has grown. Meanwhile, old reproductive patterns persist in Azerbaijan, Kazakhstan and Kyrgyzstan, where firstborns are usually born to parents under 30, demographers Vladimir Kozlov and Konstantin Kazenin note in a paper delivered at HSE’s XX April International Academic Conference.

Live Long There and Prosper: How Internal Migration from Small Towns Works

More than half of school graduates in medium-sized Russian cities will change their place of residence either forever or at least for a long time. According a report on internal migration presented by HSE demographers at the XX April International Academic Conference, these people are lost to their cities.

What Drives Innovation in Russian Companies

As part of the Management session of the XX April International Conference, Carl F. Fey from Aalto University School of Business, Finland, presented his paper on Facilitating Innovation in Companies in Russia: The Role of Organizational Culture. In his talk, Professor Fey spoke about the results of three studies he has been conducting with his team.

‘In a Digital Environment, the Role of Human Teachers Only Becomes More Important’

How does digital technology affect the behavior and health of schoolchildren? What opportunities does it proved teachers and school administrators? These and other issues were discussed by participants in the plenary session ‘Children’s Wellbeing in the Digital Age’ at the XX April International Scientific Conference of HSE.

‘Statistics Should Be Available and Comprehensible to Everyone’

Implementing a digital analytical platform, opportunities for Big Data, and other prospects for the development of Russian statistics were discussed by participants at a plenary session of the XX April International Academic Conference.

Can Youth Bullying Ever Be Eradicated?

Dr. Dorothy Espelage (University of Florida) presented a comprehensive account of her research into youth bullying spanning more than two decades in an invited paper ‘Prevention & Intervention of Youth Bullying and other Forms of Youth Aggression: Research Informed Strategies’ at the XX April International Academic Conference.

‘To Achieve Our Goals, We Need to Involve a Wide Range of Universities in National Projects’

The role of regional and industrial institutions of higher education in achieving national development goals must increase, and leading universities will help them. This was the conclusion reached by participants of the plenary session on Russian higher education that took place as part of the XX April International Academic Conference.

How to Boost Russian Food Exports

The plenary session ‘Strategy of Russian Presence at Global Food Markets’ took place as part of HSE University’s XX April International Academic Conference, where participants discussed the prospects for Russian agricultural exports to Asia, as well as the use of nonconventional investment models, such as Islamic financial tools.

‘The President is Focused on Increasing the Birth Rate and Reducing Poverty by Half’

National objectives for social development, as well as existing risks and opportunities in implementing these objectives were discussed by participants of HSE International April Conference.