The purpose of this work is to provide a comprehensive overview of the state of banking system in Russia, and to understand its core dependencies and potential risks. The system, the way we find it now, has evolved though difficult transition from highly centralized and planned Soviet economy to...

The human resources (HR) function has evolved significantly over the past several decades. It has grown in maturity and influence while simultaneously enduring great criticism from employees and managers. Meanwhile, environmental pressures have forced business leaders and academics to call for...

The concept of this thesis emerged from my own experience of mergers and acquisitions in which I had been involved over the past 20 years. Companies make acquisitions, mergers, or joint ventures for technology or geographical reasons, or to consolidate a market. The companies have to find a way...

The ability to innovate sits at the heart of an organization's ability to succeed in a competitive environment. An organization can innovate by improving existing products, services, or processes or by generating new products, services, or processes. Achieving successful, repeated organizational...

I propose the creation of a real-time compliance "bot" - software to momentarily pause each employee's email at the moment of sending and to electronically assess whether that email is likely to create liability or unanticipated expense for the corporation. My thesis describes the confluence of...

Over the last few decades, we have seen an enormous evolution in the financial services industry driven by technology innovations. Indeed, we cannot imagine the current financial system without electronic fund transfers, ATMs, and Internet banking among many other innovative implementations. In...

One of the keys to building a solid economy is the existence of a long term debt market. Long term borrowing is crucial for personal home ownership, the creation of critical infrastructure, and the development of major real estate projects. Most emerging market economies do not have a long term...

The idea that massive natural resource endowments would lead countries to weak economic growth and development is counterintuitive. Oil, gas, copper, gold or other resource riches should, at least in theory, spearhead countries with such natural wealth to growth that parallels...

This dissertation is composed of three essays. I look at the role of two different but critical factors in shaping entrepreneurial outcomes: individual level career history and the institutional context. My work spans two outcomes in particular: individual decisions to choose high-tech...

The world-wide consolidation in the electronic trading industry has provided evidence that small exchanges and trading portals need to deliver more than sophisticated technology, streaming quotes and market data. In order to deliver value and survive, they need to provide liquidity. Noteworthy...