Sergey Stepanov

Publications in Refereed Journals

Independent versus Collective Expertise, with Emiliano Catonini and Andrey Kurbatov, January 2023, accepted in Games and Economic Behavior; online appendix

Reputation and Information Aggregation, with Emiliano Catonini, Journal of Economic Behavior & Organization, 2023, 208, 156-173; supplemental appendix (here is the WP version)

Biased Performance Evaluation in a Model of Career Concerns: Incentives versus Ex-Post Optimality, Journal of Economic Behavior & Organization, 2020, 179, 589-607 (here is the WP version).

Transfers of Corporate Control in Firms with Non-Controlling Blockholders, RAND Journal of Economics, 2019, 50(2), 453-480; web appendix

Agency Problem and Ownership Structure: Outside Blockholder As a Signal, with Anton Suvorov, Journal of Economic Behavior & Organization, 2017, 133, 87-107.

Firm Value in Crisis: Effects of Firm-Level Transparency and Country-Level Institutions, with Ruben Enikolopov and Maria Petrova, Journal of Banking and Finance, 2014, 46, 72-84.

Shareholder Protection and Outside Blockholders: Substitutes or Complements?, Journal of Institutional and Theoretical Economics, 2013, 169(2), 355-381; online appendix

Shareholder Access to Manager-Biased Courts and the Monitoring/Litigation Trade-Off, RAND Journal of Economics, 2010, 41(2), 270-300; online supplement

Earlier version can be freely downloaded here

Working Papers

On the Optimality of Full Disclosure, with Emiliano Catonini, March 2023

Corporate Governance, Ownership Structures and Investment in Transition Economies: the Case of Russia, Ukraine and Kyrgyzstan, with Olga Lazareva and Andrei Rachinsky, 2008, CEFIR and NES Working Paper No. 119.

Book Chapters

Corporate Governance in Russia, with Ruben Enikolopov, in: Michael Alexeev and Shlomo Weber (eds.), Handbook of the Russian Economy, Oxford University Press, 2013.

A Survey of Corporate Governance in Russia, with Olga Lazareva and Andrei Rachinsky, in: Robert W. McGee (ed.), Corporate Governance in Transition Economies, Springer, 2008.

Work in Progress

How to Organize a Group of Experts, with Emiliano Catonini

Incumbents and Challengers

Non-Academic Projects

Transparency and Disclosure by Russian Companies, joint project of CEFIR at NES and Standard & Poor's: 2010 study, 2009 study, 2008 study

Corporate Conflicts in Contemporary Russia and Abroad (Korporativnye konflikty v sovremennoy Rossii i za rubezhom), with Salavat Gabdrakhmanov, National Council on Corporate Governance, 2011 (In Russian).

Teaching experience

Corporate Finance (graduate and undergraduate)

Venture Capital and Private Equity (graduate)

Microeconomics (graduate)

Game Theory (graduate)

Contacts

Higher School of Economics

Office S641

Pokrovsky Boulevard, 11

109028 Moscow, Russia

tel: +7 495 772-95-90, ext. 27425 

Email: sstepanov@hse.ru