On 10-11th of April in the European University at St Petersburg there was held the Third annual conference "Modern Approaches to Research and Modeling in Economics, Finance and Business", organized by the Department of Economics (EUSP) and St Petersburg Institute for Economics and Mathematics (RAS).
The European University at St Petersburg (EUSP) was established in 1994 by the Committee for Real Estate Management, Government of St. Petersburg, St. Petersburg Institute for Economics and Mathematics (Russian Academy of Science), St. Petersburg branch of Sociology Institute (Russian Academy of Science), St. Petersburg Association of Scientists and Scholars. It started as PhD institute of social sciences in 1996. EUSP is non-government institute of additional education of social sciences.
In the Conference the following universities were presented:
· St. Petersburg State University
· St. Petersburg State University of economics and finance
· The European University at St Petersburg
· State University – Higher School of Economics (Moscow and affiliates)
· The Finance Academy under the Government of Russian Federation (Moscow)
· Irkutsk State University
Nikita Pirogov and Evgenia Zhivotova presented the report “The Groups of the companies with sustainable growth: discriminant analysis” in the section “Corporate Finance and management of the corporation.”
The authors tried to define the groups of Russian companies with sustainable growth during the period 2000-2007. An approach of economic profit was applied to divide the companies for groups. Financial growth effect is estimated through the determinants of the value of the company in combination with strategic position of the company. Using this criterion it is possible to analyze sustainability of company’s growth and classify the companies according to quality of growth. It allows finding fundamental differences between the companies. The quality growth matrix and sustainable growth concept allows to define the groups with special patterns of sustainable growth. Using the discriminant analysis and multivariate analysis the authors tried to find the factors responsible for the differences between the companies with different types of sustainable growth.
Following the results of the conference there will be available a collection of materials.
Please see the detail information at http://www.eu.spb.ru/
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