On April 23, a research seminar of the Corporate Finance Center was held on the topic "The Impact of M&A Strategies on the Sustainability of Companies in China."
On 23 April, Anastasia Demeneva and Violetta Gladkikh presented a study linking M&A strategies to corporate resilience at a CFC research seminar. The sample covers 5,000 Chinese listed companies and 4,900 deals over 2010–2025, analyzed with propensity score matching and difference-in-differences. The effect of M&A on resilience proved statistically significant and varies across deal strategies.
On April 9, a research seminar of the Corporate Finance Center was held on the topic of The Impact of Shareholders’ Non-Financial Characteristics on the Voluntary Delisting of Russian Companies
On 9 April, doctoral student Ilya Kizko, supervised by Associate Professor Svetlana Grigorieva, presented a study of what drives Russian companies to delist voluntarily. The key finding: in crisis periods ownership structure matters more — corporate control raises the likelihood of delisting, while control by individuals lowers it.
On March 26, a research seminar of the Corporate Finance Centre was held on the topic of Islamic Finance and Sustainable Development
On 26 March, Ravnaa Ibrahim presented a study of the role of Islamic finance in meeting the UN Sustainable Development Goals, drawing on data from 58 countries. Associate Professor Madina Kalimullina spoke on the translation of AAOIFI standards into Russian and the need for strict adherence to international standards. The study identifies a structural gap between financial performance and governance in Islamic banking and proposes a regulatory roadmap aligning the industry’s growth with the 2030 Agenda.
On March 12, a research seminar of the Corporate Finance Centre was held on the topic of "Retail Investors Expectations and Systematic Investing Performance: Evidence from the Telegram Data."
On 12 March, Research Fellow Aleksandr Tomtosov presented preliminary results of a joint study, “Retail investors expectations and systematic investing performance: evidence from Telegram data”. Messages from Telegram channels and investor forums are processed using large language models; the seminar covered descriptive statistics of the dataset and first estimates of how retail investors’ preferences relate to the performance of systematic strategies on the Russian equity market.
Meeting on Academic and Research Cooperation between HSE University and the Centre for Islamic Finance under the Central Bank of Malaysia (INCEIF)
On March 2, 2026, a meeting was held between representatives of the Faculty of Economic Sciences of HSE University and INCEIF University (Malaysia).
We are happy to share that the article of our colleagues Irina Ivashkovskaya and Artem Anilov titled "CEO overconfidence and payout policy: The moderating power of governance mechanisms" has been published in an upcoming issue of Journal of Behavioral and Experimental Finance.
We are happy to share that the article of our colleagues Irina Ivashkovskaya and Artem Anilov titled "CEO overconfidence and payout policy: The moderating power of governance mechanisms" has been published in an upcoming issue of Journal of Behavioral and Experimental Finance.
On February 12, a research seminar of the Corporate Finance Centre was held on the topic of assessing the level of digital transformation in public companies
Egor Pashkov presented an assessment of the key dimensions of digital transformation across 1,080 BRICS companies in 2021–2023, built with a bag-of-words approach. Yanfei Wu demonstrated the shift to machine learning: a Targeted LDA model run on 13,000 annual 10-K reports isolated six independent dimensions of digital transformation.
The School of Finance Hosted the 3rd Annual Conference "ESG and Corporate Dynamics in Emerging Capital Markets"
The HSE University Laboratory of Corporate Finance has organized this conference for the third consecutive year, dedicated to sustainable development and corporate dynamics in emerging capital markets.On December 12–13, 2025, the conference brought together more than 30 researchers from leading universities in Russia, China, Canada, the United Kingdom, Iran, Pakistan, and Romania. The invited experts included Alexei Bogomolov, Director of Partner Program Development at the Department for Institutional, Corporate, and Key Private Clients of RSHB Asset Management LLC, who collaborates with the School of Finance in developing the "Climate Finance" course and advancing partnerships with BRICS universities.The conference was held in a hybrid format, enabling broad international participation.