Alexander Abramov

Alexander Abramov
Russian Presidential Academy of National Economy and Public Administration | RANEPA · Laboratory for Analysis of Institutions and Financial Markets, IAER

About

57
Publications
22,130
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269
Citations
Citations since 2017
42 Research Items
252 Citations
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20172018201920202021202220230102030405060
20172018201920202021202220230102030405060
Introduction

Publications

Publications (57)
Book
Full-text available
Kudrin A., Radygin A., Sinelnikov-Murylev S. (ed.) (2022) Russian Economy in 2021. Trends and Outlooks. (Issue 43) – М.: Gaidar Institute Publishers. 568 pp.| ||| The review “Russian Economy. Trends and Outlooks” has been published by the Gaidar Institute since 1991. This is the 43th issue. This publication provides a detailed analysis of of the mo...
Book
Full-text available
Кудрин А.Л., Мау В.А., Радыгин А.Д., Синельников-Мурылев С.Г. (ред.). Российская экономика в 2021 году. Тенденции и перспективы. (Вып. 43) – Москва: Изд-во Ин-та Гайдара, 2022. – 604 с. ||| Обзоры «Российская экономика. Тенденции и перспективы» издаются Институтом Гайдара с 1991 года, настоящий обзор – это уже 43 выпуск. В работе содержится подробн...
Book
Full-text available
Kudrin A.L., Mau V.A., Radygin A.D., Sinelnikov-Murylev S.G. (Ed.). Russian Economy in 2020. Trends and Outlooks. (Issue 42) – М.: Gaidar Institute Publishers, 2021. 668 pp. /// The review “Russian Economy. Trends and Outlooks” has been published by the Gaidar Institute since 1991. This is the 42th issue. This publication provides a detailed analys...
Book
Full-text available
Кудрин А.Л., Мау В.А., Радыгин А.Д., Синельников-Мурылев С.Г. (ред.). Российская экономика в 2020 году. Тенденции и перспективы. Выпуск 42 – Москва: Изд-во Ин-та Гайдара, 2021. – 712 с. ||| Обзоры «Российская экономика. Тенденции и перспективы» издаются Институтом Гайдара с 1991 года, настоящий обзор – это уже 42 выпуск. В работе содержится подробн...
Article
Full-text available
The article examines emerging financial capitalism in Russia and its recent developments, the rise of collateralised finance and trading in repo markets. The main conclusion is that a combination of sophisticated speculative practices with a strong state presence in financial markets is a distinctive feature of Russia after 2008. The decoupling of...
Book
Full-text available
Russian Economy in 2019. Trends and Outlooks. (Issue 41) – М.: Gaidar Institute Publishers, 2020. 596 pp. ||| The issue includes a short analysis of the first three months of 2020 from the perspective of the COVID-19 pandemic impact on the Russian economy development. This publication provides a detailed analysis of main trends in Russian economy,...
Article
Full-text available
The article explores behavior features of different group of private investors on the Moscow and Saint Petersburg stock exchanges. It was found that the change in the size of the biggest group of registered broker clients on Moscow Exchange depended heavily on growth of real income and key characteristics of passive forms of income, such as deposit...
Article
Full-text available
This article contributes to international political economy debates about the monetary power autonomy (MPA) of emerging market and developing countries (EMDs). The 2014–15 Russian financial crisis is used as a case study to explore why an accumulation of large international reserves does not provide protection against currency crises and macroecono...
Book
Full-text available
Российская экономика в 2019 году. Тенденции и перспективы. (Вып. 41) / [В. Мау и др.; под науч. ред. д-ра экон. наук Кудрина А.Л., д-ра экон. наук Радыгина А.Д., д-ра экон. наук Синельникова-Мурылева С.Г.]; Ин-т Гайдара. – Москва: Изд-во Ин-та Гайдара, 2020. – 632 с. ||| В отличие от предыдущих обзоров в настоящем выпуске кратко анализируются и пер...
Article
The article analyzes the features of the dividend policy of Russian companies. The first part has contained an overview of academic literature and current trends. In the second part we discuss the results of empirical analysis that is based on a sample of 236 joint-stock companies. The motivation of Russian companies for maintaining the attractiven...
Article
This article analyzes the key patterns of the dividend policy and the problem of the “dividend puzzle” in the general context of the development of the stock market in Russia. The article consists of two parts. In the first part we summarize main research trends of dividend policy in modern economic theory (the classical Modigliani—Miller theory of...
Book
Full-text available
The review “Russian Economy. Trends and Outlooks” has been published by the Gaidar Institute since 1991. This is the 40th issue. This publication provides a detailed analysis of main trends in Russian economy, global trends in social and economic development. The paper contains 6 big sections that highlight different aspects of Russia's economic de...
Article
The article analyzes the problems of applying stock pricing models in the Russian stock market. The novelty of the study lies in the peculiarities of the methodology used and the substantive conclusions on the specifics of the influence of fundamental factors on the pricing of shares of Russian companies. The study was conducted using its own 5-fac...
Article
The article discusses the practicability for privatizing some large Russian state-owned enterprises (SOEs) under sanctions. Privatization remains a significant trend in the economic policies of many countries, including Russia. The revenues from privatization demonstrate a steady upward trend worldwide. The effect of external sanctions which create...
Book
Full-text available
Russian Economy in 2017. Trends and Outlooks. (Issue 39) – М.: Gaidar Institute Publishers, 2018. 544 pp. ||| The review “Russian economy in 2017. Trends and outlooks” has been published by the Gaidar Institute since 1991. This is the 39th issue. This publication provides a detailed analysis of main trends in Russian economy, global trends in socia...
Article
Full-text available
This article attempts to estimate the scale of state participation in the Russian economy in temporal dynamics and in comparison with other countries. Our unique methodology suggests a set of alternative approaches to measuring 3 independent components: stateowned enterprises (SOEs), state unitary enterprises and the public administration sector. O...
Article
Full-text available
This article attempts to estimate the scale of state participation in the Russian economy in temporal dynamics and in comparison with other countries. Our unique methodology suggests a set of alternative approaches to measuring 3 independent components: state-owned enterprises (SOEs), state unitary enterprises and the public administration sector....
Article
Full-text available
Russian economy slowdown is exhibited by the investment crisis; its termination is a key factor in the resumption of sustainable growth. As the deficit of durable investment resources is acutely felt today, the article demonstrates that the development of the domestic non-banking financial sector can serve as an efficient mechanism for the long-Ter...
Article
Full-text available
This study examines the influence of state participation in the ownership structure of companies on their financial efficiency using a sample of 114 largest companies in Russia. As an indirect indicator of efficiency, we used a variety of financial indicators: revenue per employee (gross margin), return on equity, profit margin and debt burden. The...
Article
The paper examines the influence of state participation in the ownership structure of companies on their financial efficiency using a sample of 114 largest companies in Russia. As an indirect indicator of efficiency we used a variety of financial indicators: revenue per employee (gross margin), return on equity, profit margin and debt burden. The a...
Article
Full-text available
This article analyzes the ownership structure of state-owned companies and their role in the Russian economy. Using a sample of 114 of the largest Russian companies, we estimated direct and indirect state participation as a percentage of shareholdings for direct and indirect federal property during the time period of 2006–2014. We used two methods...
Article
This article analyzes the ownership structure of companies with state participation and their role in the Russian economy. Using a sample of 114 largest companies we have estimated direct and indirect state participation as percentage of shareholdings which are in direct and indirect federal property in 2006-2014. We have used two methods for estim...
Article
The article examines the influence of investment horizon increase on comparative advantages of main asset classes and on the principles of investment strategy development. Unlike in the traditional approach of portfolio management theory, the study shows that for long-term investments corporate bonds have the advantage over equity in terms of retur...
Article
Full-text available
This article analyzes the impact of the increase of an investment horizon on the comparative advantages of the basic asset classes and on the principles of constructing the investment strategy. It demonstrates that the traditional approach of portfolio management theory, which states that investments in stocks are preferable over bonds in terms of...
Article
The paper analyzes the impact of regulation and supervision on the effectiveness of investment of pension savings based on international practice. It examines the factors which can potentially affect the real return of pension portfolios in different countries. The authors study the impact of more liberal investment limits on the composition and st...
Article
Аннотация This research has been carried out to study the factors enabling to improve the financial effect and to increase the efficiency of investments and management of portfolios of pension reserves and accruals in the Russian Federation. Key approaches to the analysis of various stages of the investment decision-making have been developed by t...
Article
Russian Abstract: В настоящем исследовании рассмотрены пути повышения результативности управления портфелями пенсионных накоплений в Российской Федерации.В нем изучены факторы, влияющие на реальную доходность пенсионных портфелей в разных странах; показана роль более либеральных требований по составу и структуре портфеля пенсионных накоплений, а та...
Article
Russian Abstract: Цель настоящей работы – анализ соответствия созданной в России системы регулирования и надзора уровню развития ее экономики и финансовой системы, лучшим зарубежным практикам и потребностям повышения стабильности и конкурентоспособности финансовых организаций. Эволюция систем регулирования и надзора в России привела к созданию мега...
Article
The issues of irrational behavior of domestic private investors in the Russian stock market come from their poor awareness of the events having a material eff ect on the prices of stocks. This is a major factor that lowers the confidence of domestic private investors in risk-bearing assets and long-term savings opportunities.
Article
Accumulated experience in the development of financial markets confirms the importance of interrelations between the type of the chosen model of regulation and historically achieved “depth of financial structure”, as well as national institutional characteristics. Effective regulation model which takes into account these features became an indispen...
Article
This paper deals with a wide scope of issues, starting with the post-crisis recovery of Russia's financial market. The author analyzes the market for shares issued by Russian companies, investigates dependence on the global conjuncture of prices and inflow and outflow of foreign portfolio investment. He also studies currency exchange rate, looks at...
Article
This article is dedicated to the analysis of the current state and prospects of the financial market development in Russia in the context of formation of the state capitalism model. The authors consider both quantitative positive tendencies and long-term disproportions and risks which are connected with the strengthening of the states role in the e...

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