Victoria V. Dobrynskaya
- Assistant Professor:Faculty of Economic Sciences / School of Finance
- Victoria V. Dobrynskaya has been at HSE since 2004.
Education, Degrees and Academic Titles
- 2014
PhD
London School of Economics and Political Science - 2014
Doctoral programme in PhD in Finance
London School of Economics and Political Science, PhD in Finance - 2012Associate Professor
- 2009
Candidate of Sciences* (PhD)
- 2008
Candidate of Sciences* (PhD) in Economic Theory
Higher School of Economics - 2004
Master's in Economics
Higher School of Economics
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.
Student Term / Thesis Papers
- Bachelor
T. Mullagaleev «Combination of Size,Value and Momentum Effects on Moscow Stock Exchange». International College of Economics and Finance, 2019
K. Troynin «ETF Analysis: Strategy Based on Momentum». International College of Economics and Finance, 2019
I. Grebennikova «Return for Investors in Crowdfunding». Faculty of Economic Sciences, 2019
V. Shishkov «Factors Affecting Tokens’ Long-Term Return after ICO». Faculty of Economic Sciences, 2019
G. Delektorskiy «Google Trends and Asset Pricing: Evidence from Cryptocurrency Markets». Faculty of Economic Sciences, 2018
I. Genokhov «The Impact of the Launch of a New Drug on Pharmaceutical Companies' Stock Performance». Faculty of Economic Sciences, 2018
L. Khasanova «The Influence of Moscow Weather on Stock Returns». International College of Economics and Finance, 2018
V. Shuklina «Dissecting Anomalies: the Case of the Russian Stock Market». Faculty of Economics, Management, and Business Informatics, 2017
I. Dmitriev «Downside Risk Aversion of Style Investors». Faculty of Economic Sciences, 2017
V. Pismenskiy «Name Biases Affecting Stock Performance: The Case of Russian Stock Market». Faculty of Economic Sciences, 2017
A. Platonov «The Role of Digital Piracy in Video Game Industry on the Stock Market». Faculty of Economic Sciences, 2017
N. Buneev «Ownership Structure and Stock Performance in Russia». International College of Economics and Finance, 2017
I. Legeza «Applicability of Prospect Theory for Explanation of Returns on the Russian Stock Market». Faculty of Economic Sciences, 2017
N. Geyvandova «Analysis of Anomalies on the Russian Financial Market». International College of Economics and Finance, 2016
I. Pronichev «The Analysis of Sector Mutual Funds Performance». Faculty of Economic Sciences, 2016
A. Valkovskiy «Stock Market Anomalies». Faculty of Economic Sciences, 2016
V. Ulianychev «Do Companies Financials Explain Different Magnitudes of Stocks Reactions to Changes in the Fed Funds Rate». International College of Economics and Finance, 2016
V. Dolgov «Bid-ask Spread Determinants of Commercial Banks». International College of Economics and Finance, 2016
S. Bityuczkij «Does Top-Management Matter for an Enterprise?». International College of Economics and Finance, 2014
V. Filina «Sun Spots and Stock Market Anomalies». International College of Economics and Finance, 2014
- Master
I. Dmitriev «The Effect of Earnings Conference Calls on Stock Returns». Faculty of Economic Sciences, 2019
I. Kishilova «Returns and Risks of Alternative Investments: The Case of Lego». Faculty of Economic Sciences, 2018
V. Dolgov «Spread Skewness on Quote-Driven Markets». Faculty of Economic Sciences, 2018
K. Polovinko «The Influence of Stock Market Participants' Expectations on Future Returns from Theoretical and Empirical Viewpoints». Faculty of Economic Sciences, 2017
Courses (2019/2020)
Financial Economics (Bachelor’s programme; Faculty of Economic Sciences; field of study "38.03.01. Экономика", field of study "38.03.01. Экономика"; 3 year, 1, 2 module)Eng
- International Finance (Bachelor’s programme; Faculty of Economic Sciences; 4 year, 3 module)Eng
- International Finance (Bachelor’s programme; Faculty of Economic Sciences; 3 year, 3 module)Eng
- Research Seminar "Empirical Corporate Finance" (Master’s programme; Faculty of Economic Sciences; 1 year, 1, 2 module)Eng
- Past Courses
Courses (2018/2019)
Financial Economics (Bachelor’s programme; Faculty of Economic Sciences; field of study "38.03.01. Экономика", field of study "38.03.01. Экономика"; 3 year, 1, 2 module)Eng
- Financial Economics (Bachelor’s programme; St.Petersburg School of Economics and Management; 4 year, 1, 2 module)Rus
- International Finance (Bachelor’s programme; Faculty of Economic Sciences; 4 year, 3 module)Eng
- International Finance (Bachelor’s programme; Faculty of Economic Sciences; 3 year, 3 module)Eng
- Research Seminar "Empirical Corporate Finance" (Master’s programme; Faculty of Economic Sciences; 1 year, 1, 2 module)Eng
Courses (2017/2018)
Financial Economics (Bachelor’s programme; Faculty of Economic Sciences; field of study "38.03.01. Экономика", field of study "38.03.01. Экономика"; 3 year, 1, 2 module)Eng
- International Finance (Bachelor’s programme; Faculty of Economic Sciences; 3 year, 4 module)Eng
- Research Seminar-2 (Master’s programme; Faculty of Economic Sciences; 1 year, 3, 4 module)Eng
- Research Seminar "Empirical Corporate Finance" (Master’s programme; Faculty of Economic Sciences; 1 year, 1, 2 module)Eng
Courses (2016/2017)
Financial Economics (Bachelor’s programme; Faculty of Economic Sciences; field of study "38.03.01. Экономика", field of study "38.03.01. Экономика"; 3 year, 1, 2 module)Eng
- International Finance (Bachelor’s programme; Faculty of Economic Sciences; 4 year, 3 module)Eng
- International Finance (Bachelor’s programme; Faculty of Economic Sciences; 3 year, 3 module)Eng
- Research Seminar-1 (Master’s programme; Faculty of Economic Sciences; 1 year, 3, 4 module)Eng
- Research Seminar-2 (Master’s programme; Faculty of Economic Sciences; 1 year, 3, 4 module)Eng
- Research Seminar "Empirical Corporate Finance" (Master’s programme; Faculty of Economic Sciences; 1 year, 1, 2 module)Eng
Courses (2015/2016)
Financial Economics (Bachelor’s programme; Faculty of Economic Sciences; "Экономика и статистика"; field of study "38.03.01. Экономика"; 3 year, 1, 2 module)Eng
- International Finance (Bachelor’s programme; Faculty of Economic Sciences; 4 year, 3 module)Eng
- International Finance (Bachelor’s programme; Faculty of Economic Sciences; 3 year, 3 module)Eng
- Research Seminar "Empirical Corporate Finance" (Master’s programme; Faculty of Economic Sciences; 1 year, 1-4 module)Eng
Courses (2014/2015)
Principles of Accounting (Bachelor’s programme; International College of Economics and Finance; "Economics and Management", "Mathematics and Economics", "Economics", "Banking and finance", "Economics and Finance"; 3 year, 1-4 module)Eng
Principles of Accounting (Bachelor’s programme; International College of Economics and Finance; "Economics", "Banking and finance", "Economics and Finance", "Mathematics and Economics", "Economics and Management", "Accounting and Finance"; 2 year, 1-4 module)Eng
- Theory of Money and Credit (Bachelor’s programme; Faculty of World Economy and International Affairs; spec. "World economy"; 3 year, 1, 2 module)Eng
Courses (2013/2014)
Principles of Accounting (Bachelor’s programme; International College of Economics and Finance; "Banking and finance", "Economics", "Economics and Management", "Economics and Finance"; 3 year, 1-4 module)Eng
- Principles of Accounting (Bachelor’s programme; International College of Economics and Finance; spec. "Accounting and Finance"; 2 year, 1-4 module)Eng
- Theory of Money and Credit (Bachelor’s programme; Faculty of World Economy and International Affairs; spec. "World economy"; 3 year, 1, 2 module)Eng
Theory of Money and Financial Markets (Bachelor’s programme; School of Applied Mathematics and Information Science; "Алгоритмика"; field of study "010400.62 Прикладная математика и информатика"; 3 year, 3, 4 module)Rus
Courses (2012/2013)
- Monetary Economics (Bachelor’s programme; Faculty of World Economy and International Affairs; spec. "World economy"; 3 year, 4 module)Rus
- Money and Financial Markets Theory (Bachelor’s programme; School of Applied Mathematics and Information Science; 3 year, 3, 4 module)Rus
Principles of Accounting (Bachelor’s programme; International College of Economics and Finance; "Banking and finance", "Economics and Management", "Economics", "Economics and Finance"; 3 year, 1-4 module)Eng
Courses (2011/2012)
- Money and Financial Markets Theory (Bachelor’s programme; Faculty of World Economy and International Affairs; spec. "World economy"; 3 year, 4 module)Rus
- Money and Financial Markets Theory (Bachelor’s programme; School of Applied Mathematics and Information Science; 3 year, 4 module)Rus
Principles of Accounting (Studied in English) (Bachelor’s programme; International College of Economics and Finance; "Economics", "Economics and Management", "Banking and finance", "Economics and Finance"; 3 year, 1-4 module)Eng
Courses (2010/2011)
- Finance, Money Circulation and Credit (Undergraduate’s programme; Faculty of World Economy and International Affairs; 3 year, 3 module)Rus
- Money and Financial Markets Theory (Bachelor’s programme; School of Applied Mathematics and Information Science; 3 year, 3, 4 module)Rus
- Principles of Accounting (Studied in English) (Bachelor’s programme; International College of Economics and Finance; spec. "Economics and Management"; 3 year, 1, 2 semester)Rus
Publications18
- Article Dobrynskaya V. V. Pricing Within And Across Asset Classes // Finance Research Letters. 2018. Vol. 25. P. 10-15.
- Preprint Dobrynskaya V. V. Dynamic Momentum and Contrarian Trading / NRU Higher School of Economics. Series FE "Financial Economics". 2017. No. 61/FE/2017.
- Article Dobrynskaya V. V. Currency Exposure to Downside Risk: Which Fundamentals Matter? // Review of International Economics. 2015. Vol. 23. No. 2. P. 345-360. doi
- Preprint Dobrynskaya V. V. Upside and Downside Risks in Momentum Returns / NRU Higher School of Economics. Series FE "Financial Economics". 2015. No. WP BRP 50/FE/2015.
- Article Dobrynskaya V. V. Downside Market Risk of Carry Trades // Review of Finance. 2014. Vol. 18. No. 5. P. 1885-1913. doi
- Book Dobrynskaya V. V., Poleshchuk V. Management Accounting: A Key to Your Success in the Exam. M. : ., 2014.
- Preprint Dobrynskaya V. V. Currency downside risk and macroeconomic variables / NRU Higher School of Economics. Series WP BRP 55/LNG/2017 2011. No. WP13/2011/01.
- Book Dobrynskaya V. V. Financial Accounting: A Key to Your Success in the Exam, 2nd edition. Saarbrücken : LAP LAMBERT Academic Publishing, 2011.
- Preprint Dobrynskaya V. V. Downside risk of carry trades / NRU Higher School of Economics. Series WP BRP 55/LNG/2017 2010. No. WP13/2010/01.
- Article Dobrynskaya V. V., Turkisch E. Economic diversification and Dutch disease in Russia // Post-Communist Economies. 2010. Vol. 22. No. 3. P. 283-302. doi
- Chapter Dobrynskaya V. V. Optimal monetary policy under incomplete pass-through and asymmetric price rigidity: The empirical evidence from Russia, in: Monetary Policy, Trade and Convergence. The Case of Transition Economies. Berlin : LIT Verlag, 2009. P. 47-78.
- Article Dobrynskaya V. V. Asymmetric price rigidity and the optimal interest rate defense of the exchange rate: Some evidence for the US // Journal of Policy Modeling. 2008. No. 30(5). P. 713-724. doi
- Article Dobrynskaya V. V. The monetary and exchange rate policy of the Central Bank of Russia under asymmetrical price rigidity. // International Journal of Innovation Economics. 2008. Vol. 1. No. 1. P. 29-62.
- Preprint Dobrynskaya V. V. Влияние асимметричной жесткости цен на денежно-кредитную политику в открытой экономике и эмпирический анализ для ряда стран / NRU Higher School of Economics. Series WP9 "Исследования по экономике и финансам". 2008. No. 02.
- Chapter Dobrynskaya V. V. The Implications of the Asymmetric Price Rigidity for the Optimal Monetary Policy and the Empirical Evidence from Russia, in: VIII Международная научная конференция. Модернизация экономики и общественное развитие: В 3 кн. / Отв. ред.: Е. Г. Ясин. Кн. 3. М. : Издательский дом ГУ-ВШЭ, 2007. P. 276-300.
- Preprint Dobrynskaya V. V. Оптимальная денежно-кредитная политика при неполном эффекте переноса и асимметричной жесткости цен / NRU Higher School of Economics. Series WP BRP 55/LNG/2017 2007. No. 04.
- Article Добрынская В. В. Эффект переноса и монетарная политика в России: что изменилось после кризиса 1998 г.? // Экономический журнал Высшей школы экономики. 2007. Т. 11. № 2. С. 213-233.
- Preprint Dobrynskaya V. V., Levando D. V. Исследование эффекта переноса валютного курса в России / NRU Higher School of Economics. Series WP9 "Исследования по экономике и финансам". 2005. No. 02.
Education
2008 to present - London School of Economics and Political Science, PhD candidate in Finance.
2004-2005 - Erasmus University, Rotterdam, Holland. MSc Economics and Business.
1999-2002 - London School of Economics and Political Science of London University, External program, BSc Banking and Finance, 1st class honours.
Professional Interests
- Empirical asset pricing
- Macro-finance
- International finance
- Behaviourial economics and finance
Grants
2008 - Travel grant from HSE Economics Department; travel grant from HSE Research Fund.
2007 - Individual research grant from HSE Research Fund; travel grant from HSE Research Fund; travel grant from HSE CAS; travel grant from HSE IEP; individual research grant from ICEF Research Center, grant from HSE IEP for publication of the book "Accounting and finance: A key to your success in the exam".
2006 - Travel grant from HSE CAS; travel grant from HSE Research Fund; travel grant from HSE IEP.
2005 - Individual research grant from HSE Research Fund.
2003 - Research grant from National Training Foundation, with D. Levando.
Presentations at scientific seminars and conferences
2013: London Business School; London School of Economics; European Finanial Management Association Annual Meeting, Reading, UK (scheduled); 5th International Finance and Banking Society Conference, Nottingham (scheduled); 20th Annual Conference of the Multinational Finance Society, Izmir (scheduled).
2012: London School of Economics; 19th Annual Conference of the Multinational Finance Society, Krakow; Annual Congress of the European Economic Association, Malaga.
2010: New Economic School, Moscow.
2009: INFER Workshop on the Credit Crunch, Financial Regulation, Monetary Policy and the Market Inefficiencies, Kingston, UK; 26th International Symposium on Money, Banking and Finance, Orleans, France; ECOFI Symposium in Economics and Finance, Geneva; London School of Economics; International College of Economics and Finance, Moscow; Bank of Russia.
2008: Central Economics and Mathematics Institute of Russian Academy of Science, CEPR conference on International Macroeconomics and Finance, Paris; 3rd Nordic Conference on Behavioral and Experimental Economics, Copenhagen; ICEF, Moscow; Annual Meeting of Austrian Economic Association, Vienna; Spring Meeting of Young Economists, Lille; 9th SU-HSE International conference "Economic Modernization and Globalization", Moscow; Centre d'Etudes Prospectives et d'Informations Internationales (CEPII), Paris.
2007 : New Economic School, Moscow; Center for International Governance Innovation, Waterloo, Canada; 24th International Symposium on Money, Banking and Finance, Rennes; 8th SU-HSE International conference "Economic Modernization and Social Development", Moscow.
2006: XV International Tor Vergata Conference on Banking and Finance "Money, Finance and Growth", Rome; International Multidisciplinary Conference "European Russia", Dunkerque; 5th INFER Workshop on Monetary Economics and Financial Markets "Monetary Policy in Emerging Countries", Kingston University, London; Central Bank of Russia; Centre for Advanced Studies, SU-HSE.
2005: 10th International conference on finance and banking, Carvina; 32nd International conference of European Finance Association, Moscow; BOFIT/CEFIR Workshop on Russian macroeconomic and financial issues, Moscow; International conference of Applied Econometric Association "Exchange Rate Econometrics", Luxembourg.
2004: 5th SU-HSE International conference "Competitiveness and Economic Modernization", Moscow.
