Varvara Nazarova
- Associate Professor, Visiting Lecturer:HSE Campus in St. Petersburg / St.Petersburg School of Economics and Management / Department of Finance
- Programme Academic Supervisor:
- Varvara Nazarova has been at HSE University since 2005.
Education, Degrees and Academic Titles
- 2015Associate Professor
- 2010
Candidate of Sciences* (PhD) in Economics and National Economy Management
Saint Petersburg State University - 2009
Doctoral programme
Saint Petersburg State University - 2005
Degree
HSE University
According to the International Standard Classification of Education (ISCED) 2011, Candidate of Sciences belongs to ISCED level 8 - "doctoral or equivalent", together with PhD, DPhil, D.Lit, D.Sc, LL.D, Doctorate or similar. Candidate of Sciences allows its holders to reach the level of the Associate Professor.
Young Faculty Support Program (Group of Young Academic Professionals)
Category "Future Professoriate" (2011-2012)
Student Term / Thesis Papers
- Bachelor
D. Matyushin, Comparison of the Quality of Predictions of Artificial Neural Networks with Traditional Forecasting Methods Based on the USD/JPY Rate. St.Petersburg School of Economics and Management, 2020
M. Melnikova, The Effectiveness of Strategic Alliances in High-Tech Industries in Developed and Emerging Capital Markets. St.Petersburg School of Economics and Management, 2020
A. Ivanova, The Choice of Payout Policy for Investors. St.Petersburg School of Economics and Management, 2020
V. Stupak, Interrelation of State Participation in Russian Public Companies and their Efficiency under Sanctions. St.Petersburg School of Economics and Management, 2020
K. Khasanova, Cross-country Analysis of the Impact of Ownership Structure on Dividend Policy. St.Petersburg School of Economics and Management, 2020
A. Ermakova, Determinants of Increment in Shareholder Value: Sectoral Analysis. St.Petersburg School of Economics and Management, 2020
A. Panchenko, Board of Directors as a Factor of Financial Performance of Innovative-active Companies. St.Petersburg School of Economics and Management, 2020
D. Anisina, Identification of Reasons of Russian Companies Underpricing in IPO. St.Petersburg School of Economics and Management, 2020
E. Riabova, Determinants of the Capital Structure of Oil and Gas Companies. St.Petersburg School of Economics and Management, 2020
A. Fedorova, Impact of Audit Results on Stock Prices of Russian Corporations. St.Petersburg School of Economics and Management, 2019
E. Kravtsov, Identifying Success Factors for Mergers and Acquisitions within the Retail Industry. St.Petersburg School of Economics and Management, 2019
A. Karpov, Analysis of the Impact of the Information Disclosure Index on the Amount of Attracted Investments in Agrobusiness Companies in Russia. St.Petersburg School of Economics and Management, 2019
E. Popova, Evaluation of the Influence of the Board of Directors on the Dividend Policy of Companies with State Participation. St.Petersburg School of Economics and Management, 2019
E. Kirichenko, The Composition of the Board of Directors and Financial Performance of Russian Companies. St.Petersburg School of Economics and Management, 2019
K. Misiuk, Definition of Factors Influencing the Premium in M&A Deals. St.Petersburg School of Economics and Management, 2019
N. Poliachek, Assessment of the Impact of Hostile Takeovers on the Value of Shares of Acquiring Companies. St.Petersburg School of Economics and Management, 2019
S. Mamina, The Impact of Hostile Takeovers on the Value of Shares of Acquiring Companies: Russian and European Practice. St.Petersburg School of Economics and Management, 2019
V. Yutanov, De-offshorization of Russian Companies: Empirical Analysis. St.Petersburg School of Economics and Management, 2019
K. Iarusova, Selection of Criteria for the Effectiveness of PPP Projects. St.Petersburg School of Economics and Management, 2018
R. Sharafutdinova, Evaluation of Synergetic Effect in Mergers and Acquisitions in the Pharmaceutical Market. St.Petersburg School of Economics and Management, 2018
V. Kiselev, Consequences of Blockchain Technology in Banking Industry. St.Petersburg School of Economics and Management, 2018
V. Kuzmina, Analysis of the Corporate Governance Impact on the Default of Russian Companies. St.Petersburg School of Economics and Management, 2018
O. Salmina, Determinants of an M&A Premium Paid in Pharmaceutical Industry. St.Petersburg School of Economics and Management, 2018
I. Istomina, Determinants of the Investment Policy of Russian Retail. St.Petersburg School of Economics and Management, 2018
A. Loskutova, Market Risk Management in the Telecommunication Industry. St.Petersburg School of Economics and Management, 2018
A. Protsukevich, Analysis of the Size Effect on Stock Pricing on BRICS Financial Markets. St.Petersburg School of Economics and Management, 2018
A. Matiash, Efficiency Analysis of Algorithmic Trading on Example of Currency Pair USD/RUB. St.Petersburg School of Economics and Management, 2017
A. Protsukevich, Applicability Evaluation of Arbitrage Pricing Model on Russian Stock Market. St.Petersburg School of Economics and Management, 2017
T. Kuchmel, Impact of State Participation in the Capital on the Performance of the Company. St.Petersburg School of Economics and Management, 2017
A. Khuzina, Identification of the Factors Influencing the Value of Retail Companies. St.Petersburg School of Economics and Management, 2017
E. Kravchenko, Strategies' Evaluation Based on Stakeholder Value. St.Petersburg School of Economics and Management, 2017
A. Puchok, Evalution of Investment Attractiveness of the Company in the Field of "Fintech" Technology. St.Petersburg School of Economics and Management, 2017
V. Galchenko, Retail Chain Companies' Profitability Prediction. St.Petersburg School of Economics and Management, 2017
Z. Sharafutdinova, The Influence of Intellecrual Capital on Economic Value Added Volatility of BRIC Countries. St.Petersburg School of Economics and Management, 2017
D. Matchin, Determinants of the Investment Appeal of a Company. St.Petersburg School of Economics and Management, 2017
S. Glebov, Assessment of the Impact of the Financial Architecture of the Companies Activity Effectiveness. St.Petersburg School of Economics and Management, 2017
I. Pivtorak, Efficiency Evaluation of M&A Deals in Healthcare in Developed Countries. St.Petersburg School of Economics and Management, 2017
S. Kucherenko, Evaluation of the Effectiveness of M&A Transactions in Pharmaceutical Industry. St.Petersburg School of Economics and Management, 2016
A. Dremina, Determinants of IPO Underpricing: a Study of Russian Companies. St.Petersburg School of Economics and Management, 2016
S. Derzhavin, Investment Attractiveness of Russian Oil Companies in Terms of Transnational Corporation. St.Petersburg School of Economics and Management, 2016
E. Chernova, Assessment of the Bank's Financial Stability. St.Petersburg School of Economics and Management, 2016
V. Zaklinskaya, Constructing a Model of Pricing in the Secondary Real Estate Market of St. Petersburg. St.Petersburg School of Economics and Management, 2016
A. Khatanzeeva, Assessment of the Probability of Bank Failure. St.Petersburg School of Economics and Management, 2016
M. Kharlamkova, Modeling of Mergers and Acquisitions Value in the Financial Services Sector. St.Petersburg School of Economics and Management, 2016
M. Deordieva, Yandex Intellectual Capital Valuation. St.Petersburg School of Economics and Management, 2016
K. Zlobina, Working Capital Management in a Company. St.Petersburg School of Economics and Management, 2016
F. Ganeev, Valuation of Stock Prices with the Ohlson Model in Russian Context. St.Petersburg School of Economics and Management, 2016
E. Shikina, Analysis of Financial Stability of Reinsurance Company. St.Petersburg School of Economics and Management, 2016
K. Karamysheva, Influence of Deoffshorization on the Russian Companies. St.Petersburg School of Economics and Management, 2016
E. Ponomarenko, Evaluation of Innovative Project For a Venture Investor. St.Petersburg School of Economics and Management, 2016
G. Mirzoyan, Analysis Model of the cost of Capital in Emerging Capital Markets. St.Petersburg School of Economics and Management, 2016
A. Lazenkova, Analysis of Factors That Affect the Company's Capital Structure in Food Industry. St.Petersburg School of Economics and Management, 2016
Y. Vyguzova, Corporate Valuation of Companies in the Context of M&A Strategy. St.Petersburg School of Economics and Management, 2016
Y. Saveleva, The Building of the Company Risk Management System . St.Petersburg School of Economics and Management, 2016
A. Sekisheva, Franchising in Small Business Support (Case of "Vtorresursy" Public Company). St.Petersburg School of Economics and Management, 2016
I. Sapunova, Forming of the Value of the Diversified Company of the FMCG Industry. St.Petersburg School of Economics and Management, 2016
T. Koroleva, The analysis of the expenses on tourism sphere by standard costing method. Faculty of Economics , 2014
G. Il`ina, Analysis of Risks in Liability Insurance and Methods of their Optimization. Faculty of Economics , 2014
B. Ul`zutueva, Forecasting Foreign Exchange Rates. Faculty of Economics , 2014
Yu. Kurbaleva, An Evaluation of the Effectiveness of Mergers and Acqusitions in the Russian Mobile Network Operators Market. Faculty of Economics , 2014
D. Biryukova, Comparative analysis of approaches to the assessment of the food-retail company Lenta ltd. Faculty of Economics , 2014
E. Matveeva, Сoncept of Risk Management in Insurance Companies. Faculty of Economics , 2014
M. Sapozhnikova, IT startup valuation in the purpose of venture financing. Faculty of Economics , 2014
A. Osadchij, Brand valuation of Intercollegiate Championships St. Petersburg by KVN. Faculty of Economics , 2014
O. Vojtkevich, Evaluating of the effectiveness of investing in commercial real estate on example of apartments. Faculty of Economics , 2014
A. Zorenko, Coparison of cash flow forecasting methods. Faculty of Economics , 2014
A. Muratov, The Estimation of a Pricing Model for the Secondary Residential Real Estate Market of Saint-Petersburg. Faculty of Economics , 2014
V. Zimbil`, Complex analysis of the share price of "Novatek" company on the basis of technical and fundamental analysis. Faculty of Economics , 2014
N. Nichiporuk, THE RENTAL RATE PRICING MODEL IN THE MARKET OF INDUSTRIAL AND WAREHOUSE REAL ESTATE IN ST. PETERSBURG. Faculty of Economics , 2014
A. Romanova, Risks modeling of the investment project. Faculty of Economics , 2014
K. Klimova, Evaluation of Financial Instruments on the Russian Grain Market. Faculty of Economics , 2014
A. Reshetova, Assessment of Effectiveness of Franchising - a Case Study: “ATLANT” Company. Faculty of Economics , 2014
P. Gil`fanova, Mergers and Acquisitions as a Form of Expansion of Russian Banks on the Foreign Financial Market. Faculty of Economics , 2014
- Master
K. Volosatova, Drivers’ Estimation of the Luxury Companies. St.Petersburg School of Economics and Management, 2020
A. Maryova, The Comparison of the Efficiency Factors of Mergers and Acquisitions in Developed and Emerging. St.Petersburg School of Economics and Management, 2020
K. Iarusova, Drivers’ Estimation of the Luxury Companies. St.Petersburg School of Economics and Management, 2020
A. Kuznetsova, Effect of Working Capital Management on the Profitability of European Pharmaceutical Companies. St.Petersburg School of Economics and Management, 2020
Y. Bobrikova, Factors Affecting the Probability of Choosing a Company as a Target in LBO Transactions. St.Petersburg School of Economics and Management, 2020
A. Beckles rodriguez, The Effect of Tax Shelters on Enterprise Value: A Study of European Firms. St.Petersburg School of Economics and Management, 2020
V. Kuzmina, The Impact of the Board of Directors' Structure on the Companies Financial Performance. St.Petersburg School of Economics and Management, 2020
O. Golovina, Drivers’ Estimation of the Luxury Companies. St.Petersburg School of Economics and Management, 2020
E. Budarina, Detecting Accounting Fraud with Various Models: the Evidence from the USA. St.Petersburg School of Economics and Management, 2019
S. Glebov, The Relationship between Working Capital Management and Profitability. St.Petersburg School of Economics and Management, 2019
I. Gorokh, Market Risk in Russia: Effects of Macro-Parameters on Movements of Yield Curve. St.Petersburg School of Economics and Management, 2019
P. Pilachyova, Impact of Working Capital Management on the Profitability of Public Listed Firms. St.Petersburg School of Economics and Management, 2018
A. Selgeev, Comparative Analysis of Predictive Power between Neural Networks and Econometric Models on Basis of Changing in Stock Prices. St.Petersburg School of Economics and Management, 2018
H. Akorede, Evaluation of the Effectiveness of Fiscal Policy of Nigeria: a Comparative Studies with Egypt. St.Petersburg School of Economics and Management, 2018
A. Pardaev, The Factors of Value Creation of the Company. St.Petersburg School of Economics and Management, 2018
M. Cherif, Company Performance Based on Financial Architecture, Evidence from Airlines in BRICS. St.Petersburg School of Economics and Management, 2018
I. Sapunova, Research of the Capital Structure on the Emerging Markets. St.Petersburg School of Economics and Management, 2018
F. Ganeev, Analysis of Market Value and Abnormal Earnings in the Case of Russian Market. St.Petersburg School of Economics and Management, 2018
A. Budchenko, Investigation of the Capital Structure of Companies in Emerging Markets. St.Petersburg School of Economics and Management, 2018
K. Koshelev, Evaluation of the Synergistic Effects in Mergers and Acquisition Deals in Construction Sphere. St.Petersburg School of Economics and Management, 2018
B. Tang, Stability in Exchange Rate and it's Effect on a Country's Financial Market. St.Petersburg School of Economics and Management, 2018
A. Chernov, Revenue Management in the Hospitality Industry. St.Petersburg School of Economics and Management, 2018
Y. Kim, The Determinants of the Foreign Exchange Rate in Russia. St.Petersburg School of Economics and Management, 2018
P. Baleev, Analysis of the Commercial Real Estate Market of Developed Countries on the Example of Spain. St.Petersburg School of Economics and Management, 2018
A. Kolkina, Assessment of Corporate Governance Impact on Focused and Diversified Firms` Performance. St.Petersburg School of Economics and Management, 2017
N. Anfimova, Financial Performance of Mergers and Acquisitions. St.Petersburg School of Economics and Management, 2017
I. Matrosova, Drivers' Estimation of the Russian Retail Market Players' Efficiency. St.Petersburg School of Economics and Management, 2017
N. Sharmazanashvili, Risk Management of Development Project as an Example of Industrial and Warehouse Complex in St.Petersburg. St.Petersburg School of Economics and Management, 2016
A. Romanova, The Improving The Efficiency Of Financial And Economic Activity Of The Logistics Company Using Integrated Risk Management System. St.Petersburg School of Economics and Management, 2016
B. Ulzutueva, Development Of Assessment Methods And Forecasting Exchange Rate Risks For Non-Financial Companies. St.Petersburg School of Economics and Management, 2016
A. Kudryashov, Risk-oriented Internal Control And Its Integration Into The Risk Management System Insurance Company. St.Petersburg School of Economics and Management, 2016
S. Makzhanova, Risk Management In Development Project Using The Real Options Approach. St.Petersburg School of Economics and Management, 2016
Courses (2021/2022)
- Project Seminar (Bachelor’s programme; St.Petersburg School of Economics and Management; 5 year, 1 module)Rus
- Research Seminar (Bachelor’s programme; St.Petersburg School of Economics and Management; 4 year, 1-3 module)Rus
- Research Seminar (Bachelor’s programme; St.Petersburg School of Economics and Management; 3 year, 1-3 module)Rus
Courses (2020/2021)
- Assets Evaluation and Investment Analyses (Bachelor’s programme; St.Petersburg School of Economics and Management; 4 year, 1, 2 module)Eng
- Business Valuation (Master’s programme; St.Petersburg School of Economics and Management; 2 year, 1, 2 module)Eng
- Corporate Finance (Bachelor’s programme; St.Petersburg School of Economics and Management; 4 year, 1 module)Rus
- Corporate Finance (Master’s programme; St.Petersburg School of Economics and Management; 1 year, 1-3 module)Eng
- Insurance (Bachelor’s programme; St.Petersburg School of Economics and Management; 3 year, 1 module)Rus
- Investment and Its Economic Assessment (Bachelor’s programme; St.Petersburg School of Economics and Management; 4 year, 2 module)Rus
- Project Seminar (Bachelor’s programme; St.Petersburg School of Economics and Management; 3 year, 1-3 module)Rus
- Project Seminar (Bachelor’s programme; St.Petersburg School of Economics and Management; 5 year, 1 module)Rus
- Research Seminar (Bachelor’s programme; St.Petersburg School of Economics and Management; 4 year, 1-3 module)Rus
- Taxes and Taxation (Bachelor’s programme; St.Petersburg School of Economics and Management; 2 year, 3 module)Rus
- Tax Management (Master’s programme; St.Petersburg School of Economics and Management; 1 year, 3, 4 module)Eng
- Valuation of the Company (Bachelor’s programme; St.Petersburg School of Economics and Management; 3 year, 1, 2 module)Rus
- Past Courses
Courses (2019/2020)
- Assets Evaluation (Bachelor’s programme; St.Petersburg School of Economics and Management; 3 year, 4 module)Rus
- Business Valuation (Master’s programme; St.Petersburg School of Economics and Management; 2 year, 1 module)Eng
- Corporate Finance (Bachelor’s programme; St.Petersburg School of Economics and Management; 4 year, 1 module)Rus
- Corporate Finance (Master’s programme; St.Petersburg School of Economics and Management; 1 year, 1-3 module)Eng
- Credit Application Selection/Selection of Funding Sources Training (Bachelor’s programme; St.Petersburg School of Economics and Management; 4 year, 2 module)Rus
- Insurance (Bachelor’s programme; St.Petersburg School of Economics and Management; 3 year, 1 module)Rus
- Investment and Its Economic Assessment (Bachelor’s programme; St.Petersburg School of Economics and Management; 4 year, 2 module)Rus
- Investments (Bachelor’s programme; St.Petersburg School of Economics and Management; 4 year, 2 module)Rus
- Research Seminar (Bachelor’s programme; St.Petersburg School of Economics and Management; 4 year, 1-3 module)Rus
- Research Seminar (Bachelor’s programme; St.Petersburg School of Economics and Management; 3 year, 1-3 module)Rus
- Taxes and Taxation (Bachelor’s programme; St.Petersburg School of Economics and Management; 2 year, 3 module)Rus
- Tax Management (Master’s programme; St.Petersburg School of Economics and Management; 1 year, 3, 4 module)Eng
- Valuation of the Company (Bachelor’s programme; St.Petersburg School of Economics and Management; 3 year, 1, 2 module)Rus
Courses (2018/2019)
- Assets Evaluation (Bachelor’s programme; St.Petersburg School of Economics and Management; 3 year, 4 module)Rus
- Corporate Finance (Master’s programme; St.Petersburg School of Economics and Management; 1 year, 1-3 module)Eng
- Insurance (Bachelor’s programme; St.Petersburg School of Economics and Management; 3 year, 1 module)Rus
- Research Seminar (Bachelor’s programme; St.Petersburg School of Economics and Management; 3 year, 2, 3 module)Rus
- Taxes and Taxation (Bachelor’s programme; St.Petersburg School of Economics and Management; 3 year, 4 module)Rus
- Taxes and Taxation (Bachelor’s programme; St.Petersburg School of Economics and Management; 2 year, 3 module)Rus
- Tax Management (Master’s programme; St.Petersburg School of Economics and Management; 1 year, 3, 4 module)Eng
- Valuation of the Company (Bachelor’s programme; St.Petersburg School of Economics and Management; 3 year, 1, 2 module)Rus
Courses (2017/2018)
Courses (2016/2017)
Courses (2015/2016)
- Business Valuation (Master’s programme; St.Petersburg School of Economics and Management; 2 year, 1, 2 module)Eng
- Corporate Finance (Bachelor’s programme; St.Petersburg School of Economics and Management; 4 year, 1 module)Rus
- Investments (Bachelor’s programme; St.Petersburg School of Economics and Management; 4 year, 2, 3 module)Rus
- Research Seminar in Financial Economics (Bachelor’s programme; St.Petersburg School of Economics and Management; 4 year, 1-3 module)Rus
Publications11
- Article Будченко А., Nazarova V. Capital Structure in Emerging Markets: Evidence from China // Journal of Corporate Finance Research. 2020. Vol. 14. No. 1. P. 7-19. doi
- Article Кошелев К., Nazarova V. EVALUATION OF SYNERGISTIC EFFECTS IN M&A DEALS IN THE CONSTRUCTION INDUSTRY // Finance Research Letters. 2020. Vol. 36. P. 101454. doi
- Article Nazarova V. Analysis of the effectiveness of healthcare M&A transactions in developed countries // Panoeconomicus. 2018. Vol. 0-18. No. OnLine-First Issue 00. P. 21-21. doi
- Article Nazarova V., Левичев И. Применение математических методов для повышения эффективности управления инвестиционным портфелем // HSE Economic Journal. 2017. Vol. 21. No. 3. P. 451-481.
- Article Nazarova V., Kolkina A. Corporate Governance and Effectiveness of a Diversified Company: Russian Experience (In English) // Journal of Corporate Finance Research. 2016. No. 3 (39). P. 56-70.
- Article Nazarova V. Corporate Diversification Effect on Firm Value (Unilever Group Case Study) // Annals of Economics and Finance (China). 2015. No. 16-1. P. 173-198.
- Article Nazarova V. An Empirical Study of Unsystematic Risk Factors in the Capital Asset Pricing Model: the Case of Russian Forestry Sector // Modern Challenges for Business and Economy in CEE Countries. EBER: Entreneurial Business and Economics Review. 2014. Vol. 1. No. 4. P. 37-57.
- Article Nazarova V. Evaluation of the effectiveness of methods of the imperfect hedging of financial options on the Russian forward market // Journal of Derivatives & Hedge Funds. 2014. No. 20. P. 28-51.
- Article Nazarova V., Khrabrova V. E. How to Make the Russian Grain Market More Effective? // Economics of Agriculture. 2013. Vol. 60. No. 4. P. 867-883.
- Article Nazarova V. Russia’s Forestry Sector: Realities and Prospects // International Research Journal of Finance and Economics. 2013. No. 110. P. 47-60.
- Article Nazarova V. The Manifestation of Market Failure in Healthcare // European Journal of Social Sciences. 2013. Vol. 40. No. 1. P. 115-122.
Bachelor’s Programme in Economics Accredited by ICAEW
On October 31st, 2017, the bachelor’s programme in Economics taught by HSE in St. Petersburg successfully passed accreditation by ICAEW, a prestigious British association of accountants.
Our student's research is published in Journal of Corporate Finance Research
The paper of our student Angelika Kolkina and associate professor Varvara Nazarove from department of finance "Corporate Governance and Effectiveness of a Diversified Company: Russian Experience" is published in issue 3(39) of Journal of Corporate Finance Research
The Results of the Saint Petersburg International Student Research Forum: Mini-conference «Modern Finance: Risks, Challenges, Values»
February, 4 and 5, mini-conference «Modern Finance: Risks, Challenges, Values» was held in our campus as a part of the Saint Petersburg International Research Forum
The research on mergers and acquisitions is been contitued
The article “Determination of an Optimum Premium Paid in M&A Transactions in Oil and Gas Section” written by Oksana Shevyakina, a student of the Master’s program “Finance”, and Varvara Nazarova, an associate professor of the Finance Department, was published in the fourth issue of the “Journal of Corporate Finance Research” in 2015. It is the second published article dealing with mergers and acquisitions that has become a result of the collaborative work of our students, graduates and, of course, university professors. Daria Luzina and Elena Rogova’s article has been published before.
