Tag "finance"

After analysing the price fluctuations of almost 2,000 cryptocurrencies over seven years, Victoria Dobrynskaya, Associate Professor at the HSE University Faculty of Economic Sciences, found that there are no fundamental differences between their behaviour and that of conventional assets. Cryptocurrency follows the same principles, although its prices change much faster: processes that usually take years on traditional markets take only a month or so on the cryptocurrency market. An article on this research was reprinted by SSRN.

Unusual ways of investment, such as collecting toys, can generate high returns. For example, secondary market prices of retired LEGO sets grow by 11% annually, which is faster than gold, stocks, and bonds, HSE University economists say. Their paper was published in the Research in International Business and Financejournal.

The 10th International Moscow Finance Conference, organized by HSE ICEF, took place on October 29–30 online. Vladimir Sokolov, Head of the International Laboratory of Financial Economics, which hosted the conference, talks about the participants, the key presentation topics and how they will impact the global economy.

According to forecasts, 96% of all payments and money transfers in Russia will be performed with the help of innovative services by 2035. The financial technology industry is trying to simplify interactions with money as much as possible. In this article, IQ.HSE draws on a report by the Centre of Development Institute to explain current developments in the fintech industry.

Alexandre Dumas reveals some causes of economic crises, Ernest Hemingway explores financial decision-making, and Fyodor Dostoevsky offers his reader a glimpse into the minds of stock market players. IQ.HSE continues to read fiction from an economists' perspective: HSE Assistant Professor Henry Penikas takes a fresh look at some literary classics.

HSE University economists analyzed what banks performed best on the Russian market from 2004 to 2015 - state, private, or foreign-owned ones. They found out that during stable economic and political periods, foreign-owned banks tend to take the lead, while during a crisis period, such as from 2008 to 2013, state-owned banks outperformed them. The article was published in the  Emerging Markets Finance and Trade journal.

Researchers from HSE University and London Business School have carried out research into the dynamics of the prices for Russian companies’ stocks and depositary receipts. The research indicates that, thanks to their price differences, there are opportunities for profitable trading with zero or, at least, minimum risk.

Economists of the School of Finance of the Higher School of Economics Victoria Dobrynskaya and Yulia Kishilova analysed secondary market prices of the world-famous toy construction sets released from 1987-2014.

The HSE School of Finance recently held a roundtable discussion dedicated to public non-financial reporting. The keynote presentation was delivered by Stefano Zambon, Professor at the University of Ferrara (Italy), who is also the Chairman of the World Intellectual Capital Initiative (WICI), a global network engaged in the systematization and dissemination of information on the intellectual capital indicators and modes for presenting it in non-financial reporting.

According to international studies, values can impact corporate performance and the bottom line either directly or indirectly. In the paper 'Corporate Values ​​and Profits of Commercial Banks: Correlation with Profits', Elena Prosvirkina and Nikolai Prosvirkin have examined the corporate values commonly declared by Russian banks and found that the widely held values of customer focus and efficiency can bring competitive advantage, but do not impact financial performance directly.