Articles in business magazines
Private Equity Fund in Ukrainian Institutional Environment. Tsinni Papery Ukrainy 11 - 12, 2009
Analysis of practical issues, problems and solutions regarding creation of a private equity fund functioning in Uktrainian institutional environment and aiming at attracting funds of Ukrainian private investors.
Incentive schemes: theory versus practice. Strategies 2, 2005
Incentives: how to avoid problems using fundamental economic principles in designing incentive contracts.
Venture Funds and Venture Investments: How Does It Work? Financial Director 1, 2005
Description of the key principles of PE/VC funds functioning: industry structure, participants, legal forms, venture capital cycle, relationship between entrepreneurs and investors
The Price of an Opportunity: Real Options in Strategic Decisions. Strategies 5, 2004
Simple and practical, based on numerous examples, description of usage of real options approach for investment decisions.
Company Valuation in Theory and in Practice. Financial Director 5, 2002
A look at business valuation using discounted cash flow technique (DCF) from the point of view of investment decisions and M&A transactions
The Bond Market: Structure and Instruments. Financial Director 2, 2002
Analysis of possibilities of debt financing for Ukrainian enterprises through debt securities.
Investment Decisions: from Complexity to Simplicity. Financial Director 4, 2001
Practical recommendations regarding implementation of modern investment analysis techniques into processes of capital budgeting
Critics of Financial Analysis: Do Coefficients Give Useful Information about Ukrainian Enterprises? Financial Director 1, 2001
A critical llok at conventional tecniques of financial analysis with recommendations - what useful information can be delivered by standard financial statements
Efficiency, Scale and Scope Economies in the Ukrainian Banking Sector in 1998. Emerging Markets Review, Vol. 2 Issue 3 (September), 2001
Article prepared togeter with Giovanni Urga in line of the joint project with London Business School. One interesting conclusion is evidence of market power at Ukrainian banking market
Stochastic Quasi-Gradient Techniques in VaR-based ALM Models. Theory of Stochastic Processes, Vol. 7, no. 1-2, 2001
Paper prepared specially for the International school on mathematical methods in economics in Vasteros (Sweden). The paper is devoted to practical techniqes of using stochastic quasi-gradient methods for VAR-based models of portfolio management. Management of teh portfolio of interbank loans is used as a practical example
Does Currency Premium Exist at Ukrainian Financial Market? The Bulletin of Kiev National Taras Shevchenko University, Series in Economics, #46, 2001
Do investors receive a premium when investing in local currency? This paper says that there is no extra return i local currecy when investment is relatively long-term.
Debt Financing of Ukrainian Enterprises: Theory vs. Reality. The Bulletin of Kiev National Taras Shevchenko University, Series in Economics, #45, 2000
Research on sources of finance for Ukrainian enterprises. Underdevelopment of financial markets and institutions creates constraints for debt financing
Efficiency of Ukrainian Banking System. Bankivska Sprava (Banking), N 6, 1999
Ukrainian versian of banking efficiency study published in Bankivska Sprava
Risk Hedging with Ukrainian Interbank Currency Exchange Futures. Finansovyie Riski (Financial Risks), N 1. 1998
The first attempt to organize currency futures market in Ukraine was performed in 1997. The paper analyses practical techniques of risk hedging using currency futures.
Modern Techniques of Bond Portfolio Management: Analysis of Efficiency and Possibilities of Practical Uses. Bankivska Sprava (Banking), N 5, 1996
The paper is about practical usage of well known techniques of bond portfolio management in Ukrainian environment. [Download]
Private Equity and Venture Capital
Corporate Governance and Board Effectiveness
Corporate Finance, Business Valuation, M&A, Strategic Investment Decisions
Economics for Top managers: Strategy and Organisational Design, International Macro Environment