Prof. Peter Brusov

Financial University under the Government of the Russian Federation (Moscow), Russia

Email: pnb1983@yahoo.com

Qualifications

1993 Doctor of Science, Joint Institue for Nuclear Research, Dubna, Russia

1980 Ph.D., Mathematical Institute named by V.A. Steklov, Russia

1972 M.D., Rostov State University, Russia

Publications (Selected)

1. Peter Brusov, Tatiana Filatova, Natali Orekhova: Ratings: Critical Analysis and New Approaches of Quantitative and Qualitative Methodology, monograph, Springer Nature, 2020, 470 p.
2. Peter Brusov, Tatiana Filatova, Natali Orekhova, Mukhadin Eskindarov: Modern corporate finance, investments, taxation and ratings, monograph, Springer Nature, 2018, 571 p.
3. Peter Brusov, Tatiana Filatova, Natali Orekhova, Mukhadin Eskindarov: Modern corporate finance, investments and taxation, monograph, Springer Nature, 2015, 368 p.
4. Peter Brusov, Tatiana Filatova, Natali Orekhova, Veniamin Kulik, Irwin Weil and Andrey Brailov (2018), The impact of the central bank key rate and commercial banks credit rates on creating and maintaining of a favorable investment climate in the country Journal of Reviews on Global Economics, v.7, p.360–376 SCOPUS. DOI: https://doi.org/10.6000/1929–7092.2018.07.31
5. P.N. Brusov, T.V. Filatova, N.P. Orekhova, V.L. Kulik and I.Weil (2019), Ratings of the investment projects of arbitrary durations: New methodology Journal of Reviews on Global Economics, v.8, p. 437–448, SCOPUS. DOI: https://doi.org/10.6000/1929–7092.2019.08.37
6. Brusov P (2018), Editorial: Introduction on special issue on the Banking System and financial markets of Russia and other countries: Problems and prospects Journal of Reviews on Global Economics, v.7, p. i–vi, SCOPUS.  T.V. Filatova, P.N. Brusov, N.P. Orekhova and V.L. Kulik (2018), Ratings of the long–term projects: New approach Journal of Reviews on Global Economics, v.7, P. 645–661, SCOPUS. DOI: https://doi.org/10.6000/1929–7092.2018.07.59
7. P.N. Brusov, T.V. Filatova, N.P. Orekhova and V.L. Kulik (2018), Rating: New approach Journal of Reviews on Global Economics, v.7, Pages 37– 62, SCOPUS. DOI: https://doi.org/10.6000/1929–7092.2018.07.05
8. P.N. Brusov, T.V. Filatova, N.P. Orekhova and V.L. Kulik  (2018)  A "golden age" of the companies: Conditions of its existence Journal of Reviews on Global Economics , v.7, p. 88–103. SCOPUS. DOI: https://doi.org/10.6000/1929–7092.2018.07.07
9. P.N. Brusov, T.V. Filatova, N.P. Orekhova and V.L. Kulik (2018), Rating methodology: New look and new horizons Journal of Reviews on Global Economics, v.7, p. 63–87. SCOPUS. DOI: https://doi.org/10.6000/1929–7092.2018.07.06

Profile Details

In the area of finance and economy, Peter Brusov has created a modern theory of capital cost and capital structure, the Brusov–Filatova–Orekhova theory, together with Tatiana Filatova and Natali Orekhova, and has modified twice the Modigliani–Miller theory: for arbitrary company age (BFO theory) and for advance payments of tax on profit (MMM theory).

Within Brusov–Filatova–Orekhova theory, the analysis of wide–known trade–off theory has been made. It is shown the absence of minimum in the dependence of WACC on leverage as well as the absence of maximum in the dependence of company capitalization on leverage. This means that the optimal capital structure is absent in famous trade–off theory, and this fact proves the insolvency of famous trade–off theory.

Peter Brusov has been Visiting Professor of Northwestern University (USA), Cornell University (USA), Osaka City University (Japan), and Chung–Cheng National University (Taiwan, China), among other places. He is the author of over 500 research publications including eight monographs, numerous textbooks, and articles.