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Dr Natalia Isachenkova

Senior Lecturer


I obtained my PhD from Brunel University, England, where I worked on empirical modelling of risks of financial distress and failure for listed firms in the UK and Russia. My research work that was conducted at the Centre for Business Research at the University of Cambridge focused on a related theme of firm survival and exit in a context of small and medium-sized enterprises, with a special emphasis on Bayesian analysis of survey data.

Since I joined Kingston University in 2002, I have established and maintained an active empirical research programme in the fields of entrepreneurship finance in transition economies of Europe and Central Asia; role and effects of managerial human capital on small firm performance, innovation, and survival; and informal labour markets. My scholarly work articles have appeared in Journal of Finance & Accounting, International Labour Review, Economics of Transition, Emerging Markets Finance & Trade, and Journal of Policy Modelling,  

Areas of specialism

  • empirical aspects of corporate finance and governance
  • empirical aspects of small business finance, investment, innovation, and growth
  • empirical models of financial distress and credit risk


  • 2004 PhD in Financial Economics, Brunel University, England

Professional membership

I am a member of the Academy of Management and the International Atlantic Economic Society.


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