Научный семинар НУГ "Структура капитала и барьеры для получения финансирования под контролем качества институциональной среды и развития облигационных рынков", 28 мая 2018 года

Участники НУГ Теплова Т.В., Соколова Т.В., Галенская К.В. (в соавторстве с Тепловым А.С.) представили доклад "Ownership Structure and Obstacle to Finance under Control of Institutional Environment and Bond Market Development", подготовленный для конференции 31st IBIMA Conference (Милан, Италия, апрель 2018 года).

We study the relationship between SMS (small medium size) firm ownership structure and obstacle to finance. The empirical research considers both the concentration of the company's ownership (controlling owner) and the presence of foreign participants in the equity capital. Our aim is to identify those determinants of financial markets (bond market development), legal institutions and firms characteristics in the transition economies of the post soviet countries that can be considered as barriers to attracting financial resources. This paper sheds light on large shareholders’ influence on obstacle to finance.

IBIMA.pdf