Marina A. Zavertiaeva
- Research Fellow:HSE Campus in Perm / International Laboratory of Intangible-driven Economy
- Associate Professor:HSE Campus in Perm / Faculty of Computer Science, Economics, and Social Sciences / School of Economics and Finance
- Marina A. Zavertiaeva has been at HSE University since 2008.
Education and Degrees
- 2019
PhD
University of Vigo - 2017
Master's
HSE University - 2013
Candidate of Sciences* (PhD) in Finance, Monetary Circulation and Credit
HSE University
Thesis Title: Intellectual capital as a determinant of companies" investment attractiveness - 2010
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 "New Lecturers" (2011-2012)
Category "Future Lecturers" (2010)
Courses (2022/2023)
- Behavioral Economics (Bachelor’s programme; Faculty of Management; 3 year, 3, 4 module)Rus
- Research Seminar (Postgraduate course’s programme; 3 year, 2 semester)Rus
- Past Courses
Courses (2020/2021)
- Behavioral Economics (Minor; Faculty of Economics, Management, and Business Informatics; 1, 2 module)Rus
- Behavioral Finance (Master’s programme; Faculty of Economics, Management, and Business Informatics; 2 year, 2 module)Eng
- Mergers and Acquisitions (Master’s programme; Faculty of Economics, Management, and Business Informatics; 2 year, 2 module)Eng
- Research Seminar: "Finance: Topical Questions and Analytical Tools" (Master’s programme; Faculty of Economics, Management, and Business Informatics; 2 year, 2, 3 module)Rus
Courses (2019/2020)
- Advanced Financial Planning (Master’s programme; Faculty of Economics, Management, and Business Informatics; 1 year, 1, 2 module)Eng
- Advanced Financial Planning (Master’s programme; Faculty of Economics, Management, and Business Informatics; 2 year, 1, 2 module)Eng
- Behavioral Economics (Minor; Faculty of Economics, Management, and Business Informatics; 1, 2 module)Rus
- Research Seminar: "Finance: Topical Questions and Analytical Tools " (Master’s programme; Faculty of Economics, Management, and Business Informatics; 1 year, 1-4 module)Rus
- Research Seminar "Modern Issues of Applied Corporate Finances" (Master’s programme; Faculty of Economics, Management, and Business Informatics; 2 year, 1-3 module)Rus
Courses (2018/2019)
Courses (2017/2018)
- Investment Valuation (Minor; Faculty of Economics, Management, and Business Informatics; 3, 4 module)Rus
- Research Seminar "Mathematical Modeling in Economics" (Bachelor’s programme; Faculty of Economics, Management, and Business Informatics; 2 year, 2, 3 module)Rus
Conferences
- 2022
XXIII Ясинская (Апрельская) международная научная конференция по проблемам развития экономики и общества (Москва). Presentation: Do politically connected companies better deal with economic policy uncertainty to raise corporate investments?
- 202111th Financial Markets and Corporate Governance Conference. Presentation: Does board social capital matter for corporate risk-taking on emerging markets?: Evidence from Russia
- Analytics for Management and Economics Conference (AMEC) (Санкт-Петербург). Presentation: Corporate investment, ownership and economic policy uncertainty: the case of Russia
- 9th International Conference on Applied Research in Economics and Finance. Presentation: Does directors’ social capital deal with economic policy uncertainty to raise corporate investments?
- 2017International Conference on Applied Research in Economics (iCARE 5) (Пермь). Presentation: CEO appointment in crisis: does a stock market recognize personal human capital
- XVIII Апрельская Международная конференция по проблемам развития экономики и общества (Москва). Presentation: Networks of directors on Russian boards: the hidden part of the corporate governance iceberg
- Соседи по науке (Пермь). Presentation: Влияние разнородности команды на результат (на примере киберспорта)
- 2016Networks in the Global world 2016 Conference “Multiple Structures and Dynamics: Applications of Network Analysis to European Societies and Beyond” (Санкт-Петербург). Presentation: Networks of Boards of directors in Russian companies
- 2015International Conference on Applied Research in Economics 2015 ( iCare 3) (Пермь). Presentation: The influence of managerial self-confidence on the results of the investments in innovative activity
Dissertation for a degree of Candidate of Science
M. A. Zavertiaeva Интеллектуальный капитал как фактор инвестиционной привлекательности компаний
Publications40
- Article Zavertiaeva M. A., Ershova T. A. Rule with an iron hand: powerful CEOs, influential shareholders and corporate performance in Russia // European Journal of Management and Business Economics. 2022 doi (in press)
- Article Tatiana Ershova, Marina Zavertiaeva, Dmitry Kirpishchikov. The impact of influential shareholders on corporate dividend policy: Evidence from Russia // Journal of Economic Studies. 2022 doi (in press)
- Article Kirpishchikov D., Lopez Iturriaga F. J., Zavertiaeva M. A. BOARDS OF DIRECTORS IN BRIC COUNTRIES: A REVIEW OF EMPIRICAL STUDIES // Russian Management Journal. 2021. Vol. 19. No. 2. P. 195-228. doi
- Article Байдина К. О., Parshakov P., Zavertiaeva M. A. Uncertainty of Outcome and Attendance: Evidence from Russian Football // International Journal of Sport Finance. 2021. Vol. 16. No. 1. P. 33-43. doi
- Article Завертяева М. А., Попова П. А. Взаимосвязанные советы директоров и деятельность российских компаний: результаты сетевого анализа // Российский журнал менеджмента. 2021. Т. 19. № 3 doi (in press)
- Article Lopez Iturriaga F. J., Zavertiaeva M. A. Networks of directors on Russian boards: The hidden part of the corporate governance iceberg // Russian Management Journal. 2020. Vol. 18. No. 1. P. 29-50. doi
- Article Молодчик М. А., Вотинцева Н. Н., Суворов С. А., Завертяева М. А. Развитие теории отраслевого лидерства: роль интеллектуальных ресурсов // AlterEconomics (ранее - Журнал экономической теории). 2020. Т. 17. № 4. С. 891-903. doi
- Article Zavertiaeva M. A., Lopez Iturriaga F. J., Kuminova E. V. Better innovators or more innovators? Managerial overconfidence and corporate R&D // Managerial and Decision Economics. 2018. Vol. 39. No. 4. P. 447-461. doi
- Article Zavertiaeva M. A., Parshakov P. Determinants of Performance in eSports: A Country-Level Analysis // International Journal of Sport Finance. 2018. Vol. 13. No. 1. P. 34-51.
- Article Parshakov P., Zavertiaeva M. A., Coates D. C. Is diversity good or bad? Evidence from eSports teams analysis // Applied Economics. 2018. Vol. 50. No. 47. P. 5064-5075. doi
- Article Zavertiaeva M. A., Parshakov P., Naidenova I. N. No confidence–no glory? Coach behavioral bias and team performance // International Journal of Sports Science and Coaching. 2018. Vol. 13. No. 6. P. 863-873. doi
- Article Parshakov P., Zavertiaeva M. A. Companies intangibles: Unique versus generic // International Review of Economics and Finance. 2017. Vol. 49. P. 266-275. doi
- Article Nechaeva I., Zavertiaeva M. A. Impact of Market Timing on the Capital Structure of Russian Companies // Journal of Economics and Business. 2017. No. 92. P. 10-28. doi
- Article Smirnova A. S., Zavertiaeva M. A. Which came first, CEO compensation or firm performance? The causality dilemma in European companies // Research in International Business and Finance. 2017. No. 42. P. 658-673. doi
- Article Zavertiaeva M. A. Portfolio forming decisions: the role of intellectual capital // Journal of Intellectual Capital. 2016. Vol. 17. No. 3. P. 439-456. doi
- Book Зиньковский К. В., Савелёнок Е. А., Рубан О. Л., Артемов И. И., Кузнецова М. В., Печерская Е. А., Ветров В. А., Денискин Ю. И., Захарова С. А., Медведский А. Л., Шишков А. Н., Рудницкий Э. А., Лях В. И., Овчинникова Н. Э., Денисов А. Р., Андреева Л. Г., Бурукина О. С., Воробьева И. А., Маркова В. А., Новикова В. П., Степанова М. М., Долотова Д. Д., Ковелькова М. Н., Завертяева М. А., Паршаков П. А., Пащенко Т. В., Щелыкалина С. П., Загороднова Е. П., Замрий О. Н., Казанцев Н. С., Шакина Е. А., Бляхман А. А., Дегтева О. А., Комягин А. В., Сучкова Е. О., Шубнякова Н. Г., Соколова Е. А., Циринг Д. А., Петриченко Ю. В., Мамонова Ю. В., Курносова С. А. Кейсы российских университетов. Выпуск 1. 2014-2016 / Сост.: К. В. Зиньковский, Е. А. Савелёнок. Екатеринбург : Издательство Уральского университета, 2016.
- Preprint Naidenova I. N., Parshakov P., Zavertiaeva M. A., Tome E. Look For People, Not For Alpha: Mutual Funds Success And Managerial Intellectual Capital / NRU Higher School of Economics. Series FE "Financial Economics". 2015. No. WP BRP 42/FE/2015 .
- Article Naidenova I. N., Parshakov P., Zavertiaeva M. A., Tomé E. Look for people, not for alpha: mutual funds success and managers intellectual capital // Measuring Business Excellence. 2015. Vol. 4. No. 19. P. 57-71.
- Preprint Zavertiaeva M. A. Portfolio Forming Decisions: the Role of Intangibles / NRU Higher School of Economics. Series FE "Financial Economics". 2015. No. 44.
- Article Oskolkova Marina Aleksandrovna, Tomé E., Naidenova I. N. Personal welfare and intellectual capital: the case of football coaches // Journal of Intellectual Capital. 2014. Vol. 15. No. 1. P. 189-202. doi
- Preprint Zavertiaeva M. A., Parshakov P. Company intangibles: creation vs absorption / NRU Higher School of Economics. Series FE "Financial Economics". 2013. No. 25.
- Chapter Naidenova I. N., Zavertiaeva M. A., Tomé E. Millionaires and Intellectual Capital: An Empirical Study, in: Proceedings of the 5th European Conference on Intellectual Capital. Reading : Academic Conferences and Publishing International Limited, 2013. P. 436-444.
- Article Завертяева М. А., Новикова О. В. Влияние личных качеств менеджера на структуру капитала компании: обзор эмпирических исследований // Управление корпоративными финансами. 2013. № 3 (57). С. 182-191.
- Article Завертяева М. А., Лучкина А. В. Детерминанты формирования структуры капитала российскими компаниями // Финансы и кредит. 2013. № 40 (568). С. 76-84.
- Chapter Zavertiaeva M. A., Naidenova I. N. Impact of Intellectual Resources on the Value Growth of Companies, in: Proceedings of the 4th European Conference on Intellectual Capital / Ed. by J. Surakka. Reeding : Academic Publishing International Limited, 2012. P. 355-362.
- Chapter Naidenova I. N., Zavertiaeva M. A. Interaction Effects of Intellectual Capital in Company’s Value Creation Process, in: Proceedings of the 4th European Conference on Intellectual Capital / Ed. by J. Surakka. Reeding : Academic Publishing International Limited, 2012. P. 314-322.
- Article Найденова Ю. Н., Завертяева М. А. Взаимодействие компонентов интеллектуального капитала в процессе создания стоимости фирмы // Корпоративные финансы. 2012. Т. 4. № 24. С. 100-112.
- Article Завертяева М. А., Паршаков П. А. Возможности прогнозирования динамики фондового индекса S&P 500 с помощью нейросетевых и регрессионных моделей // Программные продукты и системы. 2012. № 4 (100). С. 90-96.
- Chapter Теплых Г. В., Завертяева М. А., Найденова Ю. Н. Измерение интеллектуального капитала российских компаний // В кн.: Устойчивое развитие российских регионов: экономики политических процессов и новая модель пространственного развития. Доклады Девятой Международной научно-практической конференции по проблемам экономического развития в современном мире (Екатеринбург, 20-21 апреля 2012 г.) / Отв. ред.: И. Малечко. Екатеринбург : Уральский федеральный университет им. первого Президента России Б.Н. Ельцина, 2012. С. 258-262.
- Article Завертяева М. А., Теплых Г. В. Измерение результатов использования интеллектуального капитала: обзор эмпирических исследований // Финансовая аналитика: проблемы и решения. 2012. № 24. С. 41-50.
- Article Завертяева М. А. Интеллектуальный капитал в оценке инвестиционной привлекательности компаний // Управление корпоративными финансами. 2012. № 6(54). С. 344-355.
- Article Завертяева М. А., Паршаков П. А., Яковлева А. М. Поведенческие аспекты формирования структуры капитала компании // Финансы и кредит. 2012. № 12. С. 47-57.
- Chapter Naidenova I. N., Zavertiaeva M. A. Company value creation: does the structure of intellectual capital matter?, in: EBES 2011 Conference - Zagreb. Zagreb : University of Zagreb, 2011. P. 1135-1145.
- Chapter Zavertiaeva M. A., Naidenova I. N. Intellectual capital: the key value driver in knowledge economy, in: EBES 2011 Conference - Zagreb. Zagreb : University of Zagreb, 2011. P. 1311-1325.
- Chapter Завертяева М. А., Яковлева А. М. Анализ современных подходов к оптимизации структуры капитала // В кн.: Устойчивое развитие российских регионов: человек и модернизация. Доклады Восьмой Международной научно-практической конференции по проблемам экономического развития в современном мире (Екатеринбург, 22-23 апреля 2011 г.) / Сост.: К. П. Юрченко; отв. ред.: К. П. Юрченко. Екатеринбург : Уральский федеральный университет им. первого Президента России Б.Н. Ельцина, 2011. С. 147-149.
- Chapter Завертяева М. А., Найденова Ю. Н. Интеллектуальные ресурсы: ключевые детерминанты стоимости компании в новой экономике // В кн.: Государственное управление в XXI веке: традиции и инновации. М. : Издательство МГУ, 2011. С. 537-547.
- Article Найденова Ю. Н., Завертяева М. А. Трансформация интеллектуального капитала в ценность компании в экономике знаний // Корпоративные финансы. 2011. № 2. С. 92-98.
- Article Найденова Ю. Н., Завертяева М. А. Эмпирический анализ трансформации интеллектуальных ресурсов в стоимость компании // Финансы и кредит. 2011. № 47. С. 58-68.
- Article Исакин М. А., Завертяева М. А., Шакина Е. А. Интегральный показатель экономической добавленной стоимости: проблема учета стоимости интеллектуального капитала компании // Корпоративные финансы. 2010. № 4(16). С. 84-99.
- Chapter Завертяева М. А., Паршаков П. А., Ясницкий Л. Н. Методы искусственного интеллекта и традиционные технологии в прогнозировании динамики фондового индекса S&P500 // В кн.: Искусственный интеллект: Философия, методология, инновации. Материалы III Всероссийской конференции студентов, аспирантов и молодых ученых, г. Москва, МИРЭА, 11-13 ноября 2009 года / Под общ. ред.: Е. Никитина, Д. Дубровский. М. : Связь-принт, 2009. С. 299-302.
Research projects
- July-September, 2009 – Examination of economic and regulatory rationale tariffs for water and wastewater services to customers of Dobryanka in 2010.
- October-December, 2009 – Draft report of the results and main activities of the Federal Migration Service of the Perm region for the next fiscal year and planning period.
- November, 2009 – Comparative analysis of the quality of higher education in a global knowledge economy.
- November, 2011 - Grant of HSE Fund for Educational Innovation "Creation a library of tests based on the LMS"
- January, 2013 - December 2013 - Research grant of HSE Academic Fund "The changing role of companies' intangibles over the crisis".
Cources
- Economic theory (1st year of bachelors) 2010-2011, 2011-2012 years;
- Long-term planning of company financial performance (4 year of bachelors) 2010-2011, 2011-2012, 2012-2013 years;
- Insurance (3 year of bachelors) 2010-2011, 2011-2012 years.
- Investment analyses (4 year of bachelors) 2012-2013 years.
Stimulations
2014-2015 -bonus for academic activity
2013-2014 -bonus for academic activity
2012-2013 -bonus for academic activity
2013 - best teacher (seminars) of HSE Perm Campus (2013) (http://perm.hse.ru/quality_audit/news/87411080.html)
Conferences
- 5th European Conference on Intellectual Capital, Bilbao, Spain, University of the Basque Country, 11-12 April 2013
- 4th European Conference on Intellectual Capital, Helsinki, Finland, Arcada University of Applied Sciences, 23-24 April 2012
- Ninth International scientific-practical conference on economic development in the modern world, Ekaterinburg, Ural Federal University, 20-21 April 2012
- Scientific and practical conference with international participation "Current issues and modern technology of financial management in the development of innovative economy", Perm, PNIPU, 5-6 April 2012
- Eurasia Business and Economic Society in 2011, Zagreb, Croatia, University of Zagreb, 13-15 October 2011
- The 9th International Conference of the Faculty of Public Administration of Moscow State University "Public Administration in the XXI Century: Tradition and Innovation", Moscow, Moscow, 25-27 May 2011
- 8th International Scientific Conference on Economic Development "Sustainable development of the Russian regions: a man and modernization", Ekaterinburg, Ural Federal University, 22-23 April 2011
- III Russian Conference of Students and Young Scientists "Artificial Intelligence: philosophy, methodology, and innovation", Moscow, MIREA, 11-13 November 2009
Trainings
- Summer School "Structural estimation in corporate finance", Center for Monetary and Financial Studies, Madrid, Spain (September 2014)
- Empirical Corporate Finance, NES (September 2013)
- Summer School "Behavioral finance", Center for Monetary and Financial Studies, Madrid, Spain (September 2013)
- 2-nd Summer School on Intellectual Capital “The Changing Role of Intangibles over the Crisis”, NRU HSE Perm (July 2013)
- "Reflective Practicioner", Filbright Program (май 2013 г. - июнь 2013 г.)
- Structural Equation Modelling, НИУ ВШЭ (апрель 2013 г.)
- English language courses for the certificate IELTS, HSE (December 2012-June 2013)
- Academic presentation skills, Academic Writing Center, HSE (October 2012)
- Contract theory, NES (September 2012)
- Summer School "Intellectual capital: in search of the source of companies growth" HSE-Perm (July 2012)
- Summer school on microeconometrics "Quantitative Methods of Public Policy Evaluation", GSE of Barcelona (June 2012)
- Empirical industrial markets: assessment of production capacity and the cost function, NES (June 2012)
- Academic Writing and related competencies, Academic Writing Center, HSE (March 2012)
- Master class Academic Writing, Huizingh Academic Development (December 2011)
- IV National Winter School on institutional economics, Institute of Economics of the Urals Academy of Sciences (December 2011)
- Empirical applications of the theory of industrial markets, NES (November 2011)
- Labor Economics, NES (November 2011)
- Advanced econometrics, NES (September 2011)
- English language courses for the certificate BEC Vantage (Business English Certificate Vantage), HSE (December 2010-June 2011)
- Game theory, NES (November 2010)
- Learning Management System tutors training course, HSE (April 2011)
Presentation at the Emerging Markets Conference
Dmitry Kirpishchikov spoke at the GSOM Emerging Markets Conference 2022 (EMC 2022)
IDLab Workshop
Marina Zavertyaeva presented the results of the study "Uncertainty of economic policy and investments of Russian companies: the role of social capital of the board of directors"
IDLab Workshop
Marina Zavertyaeva presented the study "Measuring of the economic value added of human capital"
IDLab at the Yasin (April) conference
IDLab employees took an active part in the XXIII Yasin (April) International Academic Conference on Economic and Social Development
IDLab at the AMEC conference, panel "Sustainability and value creation"
Dmitry Kirpishchikov presented the preliminary results of the study "Corporate investment, ownership and economic policy uncertainty: the case of Russia", conducted jointly with Marina Zavertiaeva and Iuliia Naidenova
IDLab members at the iCare conference
Dmitry Kirpishchikov presented the work "Does directors' social capital deal with economic policy uncertainty to raisecorporate investments?"
ID Lab ONLINE Workshop
Marina Zavertiaeva presented the first results of a new study about the role of social capital of company directors in the relationship between the uncertainty of the country's economic policy and corporate investments. The study was carried out jointly with other laboratory members - Dmitry Kirpishchikov and Iuliia Naidenova.
The results of the research conducted by IDLab members were taken into account when discussing the potential format of the Russian Football Premier League
The article "Uncertainty of Outcome and Attendance: Evidence from Russian Football" was mentioned on the Russian Football Union website
Conference "Neighbors in Research"
IDLab members, as well as students writing course papers under their supervision, took an active part in the VIII scientific conference "Neighbors in Research".
ID Lab ONLINE Workshop
Marina Zavertiaeva, IDLab - Perm, presented the results of a new study of corporate governance in Russian companies
What is the role of board of directors in managing the company?
The research team of International Laboratory of Intangible-driven Economy at HSE, Perm has received the RFBR grant for preparing and publication review articles.
Analytics for Management and Economics Conference (online)
ID Lab members took part in organizing and conducting the section "Intellectual capital and performance" of the conference "Analytics for Management and Economics"
ID Lab ONLINE Workshop
Presentation of the idea of a new study on the relationship between differences in calendar and biological ages and individual productivity in football based on intellectual analysis of photos.
IDLab members took part in ONLINE conferences
This week researchers of IDLab took part in two sports economics confrences: 1st NAASE virtual conference and joint 4th Eastern Conference on Football Economics & 6th Western Conference on Football and Finance
VII Международная конференция «iCare»
IDLab members took an active part in the 7th iCare conference, which has become traditial for the HSE campus in Perm
Orientation Session for International Students at HSE Perm
On August 30, an adaptation event was held for newly arrived students who came to Perm from abroad to study. For the first time, HSE Perm's admissions campaign actively recruited students from Mongolia, Syria, Morocco, Ghana, Georgia, and Armenia. At the event, the freshmen met with the academic supervisors of their educational programmes, learned about the educational process, and received valuable tips for living in Perm and studying at HSE.
Congratulations with PhD defence!
The Department of Economics and Finance and IDLab congratulate Marina Zavertyaeva on the successful defense of her PhD thesis!
6 Reasons to Get a Master’s Degree at HSE Perm
The Academic Supervisors of six educational programmes offered at the Perm campus spoke to HSE News Service about the benefits of getting Master’s degree.
Economics of eSports
How GDP affects success in eSports
Marina Zavertiaeva presented a paper on the conference “Networks in the Global World 2016”
Marina Zavertiaeva presented preliminary results of her joint project with Felix Lopez-Iturriaga on the international conference “Networks in the Global World 2016” that was organized by Saint-Petersburg State University from 1 to 3 June, 2016.
Marina Zavertiaeva, Petr Parshakov, Iuliia Naidenova and Dennis Coates presented their research projects at the international conference in New Orleans
The 85th Annual Meeting of the Southern Economic Association took place in New Orleans (USA, Louisiana) November 21-23, 2015. Marina Zavertiaeva, Petr Parshakov, Iuliia Naidenova, and Dennis Coates participated in the conference.
IDlab at the Conference in Zurich
Angel Barajas, Academic Superisor of the International Laboratory of Intangible-driven Economy, Professor at the University of Vigo, and research fellows of the laboratory Dennis Coates, Professor at the University of Maryland, Marina Zavertiaeva and Petr Parshakov took part in the 7th European Sport Economics Association Conference on Sport Economics that was held on August 27-28 in Zurich.