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+7 (495) 772-95-90
Address: 11 Pokrovsky Bulvar, Pokrovka Complex, room S1039
SPIN-RSCI: 2173-0332
ORCID: 0000-0002-1866-4257
ResearcherID: K-5109-2015
Scopus AuthorID: 36138911600
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Office hours
Office hours: Friday 10:00-13:00, or by appointment (just write me an email), room S1039. Please inform me the day before if you intend to come.
S. Yakovlev
I. Ivashkovskaya
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Sergey Stepanov

  • Sergey Stepanov has been at HSE University since 2013.

Education and Degrees

  • 2013

    PhD in Economics
    Vrije Universiteit Brussel
    Thesis Title: Essays on Law and Corporate Governance

  • 2000

    Master's in Economic Theory
    New Economic School

  • 1998

    Degree in Dynamics and Strength of Machines
    Moscow Aviation Institute

Research interests

Corporate Finance, Microeconomics, Economics of Information

Awards and Accomplishments

Best Teacher – 2022, 2020

Courses (2023/2024)

Courses (2022/2023)

Courses (2021/2022)

Courses (2020/2021)

Courses (2019/2020)


Participation in Conferences

August 2014 EEA-ESEM conference, Toulouse

June 2014 North American Summer Meeting of Econometric Society, Minneapolis, U.S.

May 2014 Presentation at Goethe University, Frankfurt, Germany

April 2014 XV International Academic Conference on Economic and Social Development, Higher School of Economics, Moscow

September 2013 Annual meeting (“retreat”) of sister institutes of Stockholm Institute of Transition Economics, Stockholm, Sweden

December 2012 New Economic School 20th Anniversary Conference

November 2011 The First International Moscow Finance Conference (hosted by ICEF, Higher School of Economics), Moscow, Russia

November 2011 NES\HSE Annual Conference 2011, Moscow, Russia

August 2011 Asian Meeting of Econometric Society, Seoul, Korea

June 2011 North American Summer Meeting of Econometric Society, St. Louis, MO,U.S.

September 2010 Annual meeting (“retreat”) of sister institutes of Stockholm Institute of Transition Economics, Stockholm, Sweden

April 2010 XI International Academic Conference on Economic and Social Development Problems, Higher School of Economics, Moscow, (as a discussant)

August 2009 24th Annual Congress of the European Economic Association, Barcelona, Spain

April 2009 X International Conference on the Problems of Economic and Social Development, Higher School of Economics, Moscow

November 2008 XXIV New Economic School research conference, Moscow

May 2008 Comparative Analysis of Enterprise Data, Central European University Budapest, Hungary 

September 2007 The Global Institute 3rd China-Russia Conference, Beijing, China

March 2007 World Wide Junior Corporate Scholar Forum, Columbia Law School, NY, USA

November 2006 XX New Economic School research conference, Moscow

August 2006 21th Annual Congress of the European Economic Association, Vienna, Austria

August 2005 32nd meeting of the European Finance Association, Moscow, Russia (as a discussant)

July 2005 Conference in tribute to Jean-Jacques Laffont, Toulouse, France

August 2003 18th Annual Congress of the European Economic Association, Stockholm, Sweden

February 2003 Jamboree of the Enter Doctoral Network, Tilburg, The Netherlands

December 2002 Conference “The State of Economics and of Transition, Honoring 10 years of the New Economic School”, Moscow, Russia

April 2000 VII New Economic School research conference, Moscow

Employment history

2005 - 2013: New Economic School, Assistant Professor

2013 - present: NRU Higher School of Economics, Assistant Professor 

Courses in 2013-2014

Financial Economics 2 (Corporate Finance), case studies, ICEF Master's program (Fall)
Private Equity and Venture Capital, ICEF Master's program (Spring)
Corporate Finance, Joint HSE&NES BA in Economics program (Spring)

Timetable for today

Full timetable

‘I Don't Even Know What I Like More: Running or Working’

Sergey Stepanov is an Associate Professor at ICEF and the School of Finance. He is also the Academic Supervisor of the HSE/NES Programme in Economics, a joint programme that teaches students fundamental knowledge of economics, modern methods of economic analysis, and mathematical methods for solving economic tasks. Sergey spoke to Olga Krylova about the joint programme, his research work with colleagues and students, and his second big passion—running.

Welcome to Hogwarts of Finance: ICEF Held Master’s Students Initiation Ceremony

The students, lecturers and office of the MSc Financial Economics got together for the Welcome Pizza Day, an opportunity to talk informally that involved absorbing presentations and revealed exciting things about each other’s personalities.  

"Face-to-face interaction is irreplaceable in academia": HSE and NES teamed up for Microeconomics Workshop

On October 14, ICEF HSE, HSE Faculty of Economic Sciences, and NES hosted a one-day, multiple-session workshop that featured the research being conducted by their scientists. A live streamed event held offline, the workshop proved another confirmation that digital services can never replace face-to-face communication.

A Biased Evaluation of Employees’ Performance Can Be Useful for Employers

In assessing an employee’s performance, employers often listen to his immediate supervisor or colleagues, and these opinions can be highly subjective. Sergey Stepanov, an economist from HSE University, has shown that biased evaluations can actually benefit employers. An article substantiating this finding was published in the Journal of Economic Behavior and Organization.

'One great thing about careers in academia is freedom'

In October 2020, ICEF Associate Professor Sergey Stepanov had his article accepted for publication in Journal of Economic Behavior and Organization. It explores how a career concerned agent’s performance can be evaluated in the most optimal way. In this interview, Sergey shares his experience of doing a PhD in Brussels, why economics is an inexhaustible source of research ideas, and how principals can achieve better personnel management practices from a scientific perspective.

ICEF Academia has welcomed its new class

It’s a fact that ICEF students are awarded two degrees when they graduate. There is, however, a third school many of them attend along with HSE and The University of London – ICEF Academia. Offering a programme of advanced courses, research opportunities, discussion venues and academic career guidance, ICEF Academia traditionally hosts welcome meetings and the year 2020 was not an exception. This year’s event was held online and here is how it went.

Neighbours: Who is Close to HSE in Rankings. Economics

We continue talking about universities that are alongside HSE in the 51–100 group in various subject areas in the QS ranking. Today we have economists speaking about their ‘neighbours in the ranking’.

'We Follow the Traditions and Standards of the Best Business Schools'

In 2016, the Strategic Corporate Finance (SCF) programme is celebrating its 10th anniversary and is becoming fully English-taught. Anastasia Stepanova, a graduate of the programme and its current academic director, told us about the unique features of studying in the programme.

‘Our Programme Keeps Developing!’

Maxim Nikitin, HSE Professor and Academic Supervisor of the ICEF Masters Programme in Financial Economics, tells us about the programme’s achievements and innovations, about its intake procedure in 2015, and about the 2014 and 2015 graduates.