Belarusian Economic Research and Outreach Center


The Fifth Annual International Conference in Economics and Finance 

Following four successful conferences, the Fifth Annual International Conference in Economics and Finance took place in Minsk on June 2, 2015.

Kiryl Rudy, Economic Advisor to the President of Belarus, and Pavel Daneyko, BEROC Director, spoke at the opening session of the Conference. They made short presentations of the Belarusian economic model and prespectives of the structural reforms.

Professors of the best universities and business schools from all over the world were among the speakers and moderators of the Conference.

Working language of the Conference is English.

The goal of the conference is to facilitate integration of the Belarusian economic community into the global academic environment. 

Program organizers:

Mikhail Golosov (Princeton University)
Igor Livshits (University of Western Ontario)
Yuri Tserlukevich (Arizona State University)

Conference Program


State Capitalism in Belarus: Changing Role in Economics and Finanсе 
Kiryl Rudy, Economic Advisor to the President of Belarus

Owners' portfolio diversication and firm investment: Theory and evidence from private and public firms
Evgeny Lyandres, Boston University, USA

Security Design with Status Concerns
Dmitry Makarov, New Economic School, Russia

Political Activism and Firm Innovation
Аlexei Ovtchinnikov, HEC Paris, France 

Covering-Up when the Tide Goes Out? Momentum Seasonality and Investor Preferences
Nigel J.Barradale, Copenhagen Business School, Denmark

Killing the Golden Goose? The Decline of Science in Corporate R&D
Andrea Patacconi, Norwich Business School, University of East Anglia, UK

Equity risk factors and the Intertemporal CAPM
Paulo Maio, Hanken School of Economics, Finland

Investment Efficiency and Product Market Competition
Neal Stoughton, WU-Vienna University of Economics and Business, Austria

The Effect of Population Ageing on Pension System in Belarus
Katerina Lisenkova, The National Institute of Economic and Social Research, UK 

The Beta of the Value Factor Predicts the Value Premium
Søren Hvidkjær, Copenhagen Business School, Denmark

The Conference was arranged with the financial support of the Swedish International Development Cooperation Agency (SIDA).