2024-03-29T10:02:13Zhttp://nur.nu.edu.kz/oai/requestoai:nur.nu.edu.kz:123456789/13482018-08-15T03:49:53Zcom_123456789_98com_123456789_67col_123456789_1090
00925njm 22002777a 4500
dc
Jochec, Marek
author
Benos, Evangelos
author
2013
Countries whose citizens have liberal ideals are less biased toward domestic equity.
http://nur.nu.edu.kz/handle/123456789/1348
liberalism
home equity bias
economic liberalism
social liberalism
methodology
Liberalism and home equity bias
oai:nur.nu.edu.kz:123456789/13492018-08-15T03:49:53Zcom_123456789_98com_123456789_67col_123456789_1090
00925njm 22002777a 4500
dc
Jochec, Marek
author
Benos, Evangelos
author
2011
Portfolios of “patriotic” stocks earn economically significant positive abnormal returns when people feel more patriotic and excited about their country.
We label this phenomenon “patriotic name bias”.
http://nur.nu.edu.kz/handle/123456789/1349
patriotic name bias
stock returns
Patriotic name bias and stock returns
oai:nur.nu.edu.kz:123456789/13572018-08-15T03:49:54Zcom_123456789_98com_123456789_67col_123456789_1356
00925njm 22002777a 4500
dc
Nikolaeva, Ralitza
author
Dello Russo, Silvia
author
2016
The current chapter looks at a grossly overlooked aspect affecting employee dignity in the workplace – the physical environment. While the knowledge economy has grown tremendously in the last four decades, researchers have not paid much attention to the new needs of the physical workspace despite the fact that office buildings represent the second largest financial overhead after human resource. At the same time, the physical space is a critical element in the organization of the processes, activities and ultimately the power structure of any organization.
http://nur.nu.edu.kz/handle/123456789/1357
office design
dignity at work
knowledge economy
Office design and dignity at work in the knowledge economy
oai:nur.nu.edu.kz:123456789/14192018-08-15T03:49:58Zcom_123456789_98com_123456789_67col_123456789_827
00925njm 22002777a 4500
dc
Benos, Evangelos
author
Jochec, Marek
author
2007-02-17
This paper puts the PIN variable (Probability of INformation-based
trading) to test. We ¯nd that for a large set of stocks, the PIN vari-
able is lower (albeit insigni¯cantly) in the periods before earnings an-
nouncements dates than in the periods after earnings announcements
dates. This is inconsistent with the idea of PIN capturing the proba-
bility of informed trading.
http://nur.nu.edu.kz/handle/123456789/1419
testing the PIN variable
PIN variable
Testing the PIN variable
oai:nur.nu.edu.kz:123456789/14202018-08-15T03:49:59Zcom_123456789_98com_123456789_67col_123456789_827
00925njm 22002777a 4500
dc
Benos, Evangelos
author
Jochec, Marek
author
2011-09-01
Companies whose names contain the words “America(n)” or “USA” earn positive abnormal
returns of about 6% per annum during the Second World War, the War in
Korea and the War on Terror. These abnormal returns are not realized immediately
upon the outbreak of each of the wars but are accumulated gradually during wartime.
Given that no such effect is observed for the Vietnam War, we hypothesize that major,
victorious wars arouse investors’ patriotic feelings and cause them to gradually and
perhaps subconsciously gravitate toward stocks whose name has a patriotic flavor.
http://nur.nu.edu.kz/handle/123456789/1420
patriotic name bias
stock returns
Patriotic name bias and stock returns
oai:nur.nu.edu.kz:123456789/14212018-08-15T03:49:56Zcom_123456789_98com_123456789_67col_123456789_827
00925njm 22002777a 4500
dc
Benos, Evangelos
author
Jochec, Marek
author
2009-05-01
Using daily return data from 448 actively managed mutual funds over a recent 9-
year period, we look for persistence, over two consecutive quarters, in the ability of
funds to select individual stocks and time the market. That is, we decompose overall
fund performance into excess returns resulting from stock selection and timing abilities
and we separately test for persistence in each ability. We ¯nd persistence in the ability
to time the market only among well performing funds and in the ability to select stocks
only among the very best and worst performers. The existing literature patterns appear
only when funds are ranked by their overall performance, which includes stock selection,
market timing and fees. With respect to overall performance, there is persistence among
most poorly performing and only the top well performing funds. Furthermore, the
pro¯tability of a winner-picking strategy depends on the rebalancing frequency and
potentially the size of the investment. Small investors cannot pro¯t, whereas large
investors can take advantage of the class A share fee structure and realize positive
abnormal returns by annually rebalancing their portfolios.
http://nur.nu.edu.kz/handle/123456789/1421
mutual fund performance
market timing
stock selection
Short term persistence in mutual fund market timing and stock selection abilities
oai:nur.nu.edu.kz:123456789/14222018-08-15T03:49:57Zcom_123456789_98com_123456789_67col_123456789_827
00925njm 22002777a 4500
dc
Benos, Evangelos
author
Jochec, Marek
author
2009-04-29
Countries whose citizens have liberal ideals are less biased toward domestic equity. Data
from 30 countries suggests that economic as well as social liberalism is associated with
proportionally higher foreign equity holdings. A one standard deviation increase in the
level of economic (social) liberalism relative to time-series and cross-sectional averages,
is associated with a 5% (2%) relative decrease of home equity bias. These results hold
after controlling for standard rational and behavioral explanations of the home equity
bias as well as country and time fixed effects.
http://nur.nu.edu.kz/handle/123456789/1422
liberalism
home equity bias
Liberalism and home equity bias
oai:nur.nu.edu.kz:123456789/14232018-08-15T03:49:56Zcom_123456789_98com_123456789_67col_123456789_827
00925njm 22002777a 4500
dc
Jochec, Marek
author
2015-10-08
I use simulated series of buys and sells to test nine different PIN estimation algorithms implemented
in SAS, proc NLP. I conclude that the algorithms do a good job estimating PIN, on average, when
applied to series generated from high‐PIN data generating process (PIN>0.2). However, when
applied to series generated from zero‐PIN or low‐PIN (PIN<0.2) data generation process, the
algorithms yield overstated PIN estimates. Supplying initial values to parameters in the estimation
has strong effect on the estimated PIN. Factorization of the likelihood function plays a less important
role. Not supplying initial values dramatically overstates PINs for zero‐PIN and low‐PIN data: zero‐
PIN data shows PIN as high as 0.26; low‐PIN data tend to have PINs overstated by 0.05 to 0.10.
Supplying initial values as in Lin and Ke (2011) eliminates the bias for low‐PIN data but not for zero‐
PIN data. Supplying initial values which correspond to the null hypothesis (of no informed trading)
yields zero PIN estimates for low‐Pin as well as high‐PIN data.
http://nur.nu.edu.kz/handle/123456789/1423
PIN
probability of informed trading
market microstructure
simulation
Test of PIN algorithms through simulation
oai:nur.nu.edu.kz:123456789/14332018-08-15T03:49:59Zcom_123456789_98com_123456789_67col_123456789_827
00925njm 22002777a 4500
dc
Nikolaeva, Ralitza
author
2006
Purpose of this paper
To investigate the determinants of e-commerce adoption in the retail sector using duration
analysis.
Design/methodology/approach
The study proposes a conceptual model based on technology adoption and population
ecology models. It identifies specific determinant factors organized under three areas:
perceived benefits, organizational readiness, and external influences. Duration analysis is
applied to data on 392 retailers.
Nikolaeva, Ralitza, E-Commerce Adoption in the Retail Sector: Empirical Insights. International Journal of Retail & Distribution Management, 2006. Available at SSRN: http://ssrn.com/abstract=885571
http://nur.nu.edu.kz/handle/123456789/1433
density dependence
duration analysis
e-commerce
retailing
Research Subject Categories::SOCIAL SCIENCES::Business and economics
E-commerce adoption in the retail sector: empirical insights
oai:nur.nu.edu.kz:123456789/14342018-08-15T03:49:54Zcom_123456789_98com_123456789_67col_123456789_827
00925njm 22002777a 4500
dc
Nikolaeva, Ralitza
author
Bhatnagar, Amit
author
Ghose, Sanjoy
author
2015
Imprecise theories do not give enough guidelines for empirical analyses. A paradigmatic shift from linear to curvilinear relationships is necessary to advance management theories. Within the framework of the abductive generation of theories, the authors present a data exploratory technique for the identification of functional relationships between variables. Originating in medical-research, the method uses fractional polynomials to test for alternative curvilinear relationships. It is a compromise between non-parametric curve fitting and conventional polynomials. The multivariable fractional polynomial (MFP) technique is a good tool for exploratory research when theoretical knowledge is non-specific and thus, very useful in phenomena discovery. The authors conduct simulations to demonstrate MFP’s performance in various scenarios. The technique’s major benefit
is the uncovering of non-traditional shapes that cannot be modeled by logarithmic or quadratic functions. While MFP is not suitable for small samples, there does not seem to be a downside of overfitting the data as the fitted curves are very close to the true ones. The authors call for a routine application of the procedure in exploratory studies involving medium and large sample sizes.
http://nur.nu.edu.kz/handle/123456789/1434
fractional polynomials
curvilinear relationships
non-monotonic curves
abductive method
Exploring curvilinearity through fractional polynomials in management research
oai:nur.nu.edu.kz:123456789/14352018-08-15T03:49:55Zcom_123456789_98com_123456789_67col_123456789_827
00925njm 22002777a 4500
dc
Nikolaeva, Ralitza
author
2012
The literature on organizational imitation mostly disregards its cognitive aspect. Yet, imitation is a cognitive heuristic for complex strategic decisions. The current essay draws a unifying framework of different models of imitation through a cognitive lens in the context of innovation adoptions. It describes the interaction of the framing of imitation and the organization’s evaluation of an innovation. This interaction of threat and opportunity categorizations results in the use of various combinations of the two most popular imitation heuristics – “imitate the successful” and “imitate the majority” – as managers decide to copy predecessors in order to improve the status quo or to avoid losing it. Since the framings dictate different imitation timings, the speed of innovation diffusion depends on these interactions. However, as different cognitive frames may trigger the same heuristics, generalizations about the adoption motivation based on its timing can be unrealistic...
http://nur.nu.edu.kz/handle/123456789/1435
imitation heuristics
managerial cognition
frames
innovation adoption
Research Subject Categories::SOCIAL SCIENCES::Business and economics
Iinterorganizational imitation heuristics arising from cognitive frames
oai:nur.nu.edu.kz:123456789/14362018-08-15T03:49:54Zcom_123456789_98com_123456789_67col_123456789_827
00925njm 22002777a 4500
dc
Bhatnagar, Amit
author
Nikolaeva, Ralitza
author
Ghose, Sanjoy
author
2014
This study examines the motivations for imitation in retailers’ online channel entry. Extant literature suggests that legitimacy and efficiency are the primary motivators for firms to imitate. We develop hypotheses which center on the belief that not all firm types would use the same motivator for deciding to imitate and enter the online market;
legitimacy would be the driving force for some retailer types while efficiency would be the motivator for others. We test our hypotheses on a unique data collected from multiple sources. Our findings confirm that the motivators for imitation vary across retailer types.
Bhatnagar, Amit and Nikolaeva, Ralitza and Ghose, Sanjoy, Online Market Entry: The Motivations for Imitation Across Retailer Types (November 2014). Managerial and Decision Economics, Forthcoming. Available at SSRN: http://ssrn.com/abstract=2522084
http://nur.nu.edu.kz/handle/123456789/1436
Imitative Behavior
online retailing
legitimacy
efficiency
channel entry
Research Subject Categories::SOCIAL SCIENCES::Business and economics
Online market entry: the motivations for imitation across retailer types
oai:nur.nu.edu.kz:123456789/14372018-08-15T03:49:54Zcom_123456789_98com_123456789_67col_123456789_827
00925njm 22002777a 4500
dc
Nikolaeva, Ralitza
author
2006-03
Longitudinal data on 460 e-tailers are used to test the dynamic effects of survival
determinants in e-commerce. The model includes elements of competitive strategy, industry
structure, firm and product characteristics, and the macro environment. The study
demonstrates that very few of the factors affecting survival have a constant effect over time. For example, order of entry advantages are observed, but they are short-lived meaning that etailers cannot rely on early entry as a strategic move in the long run. This finding reconciles the arguments about the existence of pioneering advantages in the empirical literature. Retailers benefit from multiple channels throughout their lives...
Nikolaeva, Ralitza, The Dynamic Nature of Survival Determinants in E-Commerce (March 2006). Available at SSRN: http://ssrn.com/abstract=895334 or http://dx.doi.org/10.2139/ssrn.895334
http://nur.nu.edu.kz/handle/123456789/1437
survival analysis
order of entry
online retailing
Research Subject Categories::SOCIAL SCIENCES::Business and economics
The dynamic nature of survival determinants in e-commerce
oai:nur.nu.edu.kz:123456789/14382018-08-15T03:49:55Zcom_123456789_98com_123456789_67col_123456789_827
00925njm 22002777a 4500
dc
Stice, Derrald
author
Stice, Earl K.
author
Stice, Han
author
Stice-Lawrence, Lorien
author
2016
We provide evidence that managers have a revealed preference for reporting total revenue
numbers just above base-ten thresholds (i.e., “round” numbers) of the form N × 10K. Examples are $10 million (1 × 107) and $4 billion (4 × 109). Our finding is consistent with a literature in psychology demonstrating that humans are susceptible to a cognitive bias associated with baseten reference points. However, we also document several rational explanations for this revenue management behavior on the part of managers. First, analyst revenue forecasts also exhibit this regularity, especially in early forecasts when greater uncertainty can potentially induce analysts to rely to a greater extent on heuristics, suggesting that managers may be managing reported revenue numbers to meet externally-determined base-ten-influenced benchmarks. In addition, the effect that we document is stronger for firms that face greater pressure to report high revenue
growth, while firms that exceed base-ten revenue thresholds for the first time benefit from
increased press coverage. Finally, we show that the revenue growth needed to stretch for a baseten threshold is not sustainable; firms that just exceed base-ten thresholds have lower subsequent revenue growth. Given that managers engage in extra, and, on average, unsustainable efforts to increase revenues to reach base-ten thresholds, our results suggest that revenue manipulation is even more pervasive than previously documented and that lenders, investors, auditors, and regulators should apply an extra degree of skepticism when a reported revenue number just exceeds a base-ten threshold.
Stice, Derrald and Stice, Earl K. and Stice, Han and Stice-Lawrence, Lorien, The Power of Numbers: Base-Ten Threshold Effects in Reported Revenue (March 29, 2016). Available at SSRN: http://ssrn.com/abstract=2756306
http://nur.nu.edu.kz/handle/123456789/1438
revenue management
base-ten thresholds
analyst forecast heuristics
revenue quality
The power of numbers: base-ten threshold effects in reported revenue
oai:nur.nu.edu.kz:123456789/14392018-08-15T03:49:57Zcom_123456789_98com_123456789_67col_123456789_827
00925njm 22002777a 4500
dc
Rakshit, Atanu
author
2015-11-30
This paper finds strong evidence of non-linear impact of long-horizon expected government
deficits, measured by CBO projections, on expected future long-term interest rates for the US economy. The impact of a shock to expectations (“news shock”) in a regime where the expected deficit/GDP ratio is above 1.8 % (the estimated threshold value) increases future nominal interest rates by 29-30 basis point, and future real rates by 12-18 basis points. When expected deficit/GDP ratio is below 1.8 %, a surprise increase in expectations of deficit has no statistically significant impact on future interest rates.
Rakshit, Atanu, Do Markets Care Enough about Deficit to Raise Future Cost of Capital? Non-Linear Deficit-Interest Rate Relationship in the U.S. Economy (November 30, 2015). Available at SSRN: http://ssrn.com/abstract=2697057
http://nur.nu.edu.kz/handle/123456789/1439
deficits
interest rates
hreshold
Research Subject Categories::SOCIAL SCIENCES::Business and economics
Do markets care enough about deficit to raise future cost of capital? Non-linear deficitinterest rate relationship in the U.S. economy
oai:nur.nu.edu.kz:123456789/14402018-08-15T03:49:57Zcom_123456789_98com_123456789_67col_123456789_827
00925njm 22002777a 4500
dc
Saini, Pankaj
author
Subramanian, Venkat
author
2014
Employee attrition has been seen as across the industries and retaining talented employees has become a challenge for HR managers. This research focsed how selected four industries differe on factors of attrition ..In this research descriptive research design has been used and through non random quota sampling 600 employees from four industries have been interviewd with a structured questionnaire. Thirteen factors came out through factor analysis which is responsible for employee attrition. Telecommunications sector employees feel they are having high job targets and feel unsupportive organization culture.Insurance sector employees feel low perceived value and insecurity for their job, less growth opportunities and have less learning opportunity. IT&ITES sector employees feel they are not provided good compensation and there are high job targets in their job.Banking sector employees there is a role stagnation, stress and office politics in their jobin comparison.
Saini, Dr. Pankaj and Subramanian, Dr. Venkat, Employee Attrition in Selected Industries: ITES, Banking, Insurance and Telecommnication in Delhi & NCR (March 1, 2014). International Journal of Trends in Human Resource Management, Volume 3, issue 3, 2014. Available at SSRN: http://ssrn.com/abstract=2550175
http://nur.nu.edu.kz/handle/123456789/1440
comparison of factors of employee attrition in IT & ITES
banking
insurance and telecommunications industry
Research Subject Categories::SOCIAL SCIENCES::Business and economics
Employee attrition in selected industries: ITES, Banking, Insurance and Telecommnication in Delhi & NCR
oai:nur.nu.edu.kz:123456789/20632021-02-05T04:05:27Zcom_123456789_98com_123456789_67col_123456789_828
00925njm 22002777a 4500
dc
Yermukhan, Aidar
author
2016-11
This study investigates the implications of the implementation of a new, modern
planning system proposed by a leading international consulting company for a
large state-owned corporation operating in the oil and gas sector. We draw on the
literatures in economics, accounting, and management to identify the likely
problems that will be engendered by the proposed planning system and propose
a series of recommendations designed to reduce and, ideally, eliminate the
unintended consequences. We also discuss some general implications of relying
on the information of interested parties, such as external consulting companies.
Yermukhan, Aidar (2016) Relying on the Information of Interested Parties: Implementing a Modern Planning System Recommended by a Leading International Consulting Group.Thesis. Nazarbayev University Graduate School of Business.
http://nur.nu.edu.kz/handle/123456789/2063
modern planning system
oil and gas sector
Research Subject Categories::SOCIAL SCIENCES::Business and economics
Relying on the Information of Interested Parties: Implementing a Modern Planning System Recommended by a Leading International Consulting Group
oai:nur.nu.edu.kz:123456789/20642021-02-05T04:05:29Zcom_123456789_98com_123456789_67col_123456789_828
00925njm 22002777a 4500
dc
Mendigali, Anel
author
2016-11
Until the beginning of 2000s, only a small number of people were familiar with rare earth metals (or elements), and these people were engineers, scientists, chemists, geologists. But in the last 15 years rare earth metals became very visible and even popular because the development of humanity in technological way is impossible without these metals. People started to understand the essentiality of the rare earth metals, nations’ governments started campaigns of state support for rare earth metals exploration, and mining; mining companies began to plan diversifying their activities in rare earth metals production; investors started seeking new companies who could break China’s monopoly in the market. In this study, we will focus predominantly on strategy and marketing factors that determine success in this industry. In our strategic analysis, we will consider entry/exit considerations, company/competitive/consumer considerations, and finally propose a segmentation framework that will help producers to target markets which likely would provide a good fit.
Mendigali, Anel (2016) MARKETING IN THE RARE EARTH METALS INDUSTRY. Thesis. Nazarbayev University Graduate School of Business.
http://nur.nu.edu.kz/handle/123456789/2064
marketing
rare earth metals industry
metals industry
Research Subject Categories::SOCIAL SCIENCES::Other social sciences::Labour market research
MARKETING IN THE RARE EARTH METALS INDUSTRY
oai:nur.nu.edu.kz:123456789/20652021-02-05T04:05:32Zcom_123456789_98com_123456789_67col_123456789_828
00925njm 22002777a 4500
dc
Stambekova, Anel
author
2016-11
The general outlook of the Executive education market in Kazakhstan is positive: more people are investing in education and career development. However, due to economic instability in the country, people now are more concerned about obtaining value for money. In other words, their criteria for choosing an educational program will be the quality of education they are getting for the price they are paying.
Stambekova, Anel (2016) BECOMING THE MARKET LEADER IN EXECUTIVE PROGRAMS IN KAZAKHSTAN: PROSPECTS AND CHALLENGES. Thesis. Nazarbayev University Graduate School of Business.
http://nur.nu.edu.kz/handle/123456789/2065
market leader
executive programs in Kazakhstan
Research Subject Categories::SOCIAL SCIENCES::Other social sciences::Labour market research
external environment
situational analysis
BECOMING THE MARKET LEADER IN EXECUTIVE PROGRAMS IN KAZAKHSTAN: PROSPECTS AND CHALLENGES.
oai:nur.nu.edu.kz:123456789/20662021-02-05T04:05:36Zcom_123456789_98com_123456789_67col_123456789_828
00925njm 22002777a 4500
dc
Matyganova, Baglan
author
2016-11
Autonomous organization of education "Nazarbayev University" is a unique project in the field of education, established on the initiative of the President of the Republic of Kazakhstan Nursultan Nazarbayev, and is intended to become a national brand of Kazakhstan higher education, combining the advantages of the national education system and the world's best scientific and educational practice
Matyganova, Baglan (2016) WORKING «PROFITABILITY» WITHOUT PROFIT. Thesis.Nazarbayev University Graduate School of Business.
http://nur.nu.edu.kz/handle/123456789/2066
profitability
management system
administrative management
WORKING «PROFITABILITY» WITHOUT PROFIT
oai:nur.nu.edu.kz:123456789/20672021-02-05T04:05:38Zcom_123456789_98com_123456789_67col_123456789_828
00925njm 22002777a 4500
dc
Mgbere, Chinwi
author
2016-11
Professional experience shows top, middle and low-level management must be ready to make decision at their respective levels instead of demonstrating an attitude of avoidance, falling into a reactive mode and losing holistic understanding of the bigger picture. This leads to information and decision-making going up and down the hierarchical ladder resulting in critical loss in duration. It is imperative that sustainable strategy receives paramount attention considering the constraints in financial and human resources, uncertainty and complexity in an organisations' environment. Sustainable decision making is achievable through interaction and influence between decision makers (stakeholders) during project implementation. Projects stand to benefit from this interaction through exchange of knowledge and motivators, given that a competent project manager with high cognitive potential is involved. The goal of this thesis is to develop a decision-making model where decision making leaders create conditions that allow teams to manage themselves effectively and enhance team performance at their best.
Mgbere, Chinwi (2016) Decision-making in organizations under uncertainty based on cognitive model: The NU experience. Nazarbayev University Graduate School of Business.
http://nur.nu.edu.kz/handle/123456789/2067
decision-making
attitude
organization
Decision-making in organizations under uncertainty based on cognitive model: The NU experience.
oai:nur.nu.edu.kz:123456789/20682021-02-05T04:18:14Zcom_123456789_98com_123456789_67col_123456789_828
00925njm 22002777a 4500
dc
Lee, Dmitriy
author
2016-11
Kazakhstan is an agro industrial country and one of the largest grain powers in the world. The area of grain crops is more than eighteen million hectares including twelve million hectares for wheat crops, which provide approximately six thousands tons of gross harvest annually. Another six million hectares are for crops such as corn, rice, oats, barley, buckwheat, cotton, sunflower, fruits, and vegetables...
Lee, Dmitriy (2016) AN EFFECTIVE AGRICULTURAL STRUCTURE DEVELOPMENT OF AGRO-INDUSTRIAL HOLDING THESIS PROJECTS. Thesis. Nazarbayev University Graduate School of Business.
http://nur.nu.edu.kz/handle/123456789/2068
private agricultural holding
Financial and economic analysis
agricultural sector
Research Subject Categories::HUMANITIES and RELIGION::History and philosophy subjects::History subjects::Agricultural history
AN EFFECTIVE AGRICULTURAL STRUCTURE DEVELOPMENT OF AGRO-INDUSTRIAL HOLDING THESIS PROJECTS
oai:nur.nu.edu.kz:123456789/20692021-02-05T04:18:16Zcom_123456789_98com_123456789_67col_123456789_828
00925njm 22002777a 4500
dc
Sarsenov, Gibrat
author
2016-11
Production of construction materials in Kazakhstan plays a significant role in the development of the country. Building materials of industry products takes up to more than 4% in the total volume of industrial production of the Republic of Kazakhstan. Moreover, Kazakhstan has sufficient reserves of various raw materials for release of building materials. However, today the domestic industry of building materials can meet only part of the needs of the building complex of the country. One of the main materials that are used for construction, reconstruction and road repair, is crushed stone. Production (sale) of crushed stone refers to the industry of non-mineral building materials. The crushed stone usually produced by mining a suitable rock deposit and breaking the removed rock down to the desired size using crushers. It is also obtained by crushing boulders and gravel sediments of sand and gravel deposits...
Sarsenov, Gibrat (2016) CRUSHED STONE INDUSTRY: SYSTEMATIC PROBLEMS IN PRODUCTION. Thesis. Nazarbayev University Graduate School of Business.
http://nur.nu.edu.kz/handle/123456789/2069
construction materials
building materials
crushed stone
CRUSHED STONE INDUSTRY: SYSTEMATIC PROBLEMS IN PRODUCTION
oai:nur.nu.edu.kz:123456789/20702021-02-05T04:18:18Zcom_123456789_98com_123456789_67col_123456789_828
00925njm 22002777a 4500
dc
Issakova, Klara
author
2016-11
This work intends to assess current Quality Management System at Private Institution “USM” and develop recommendations in order to improve it based on existing issues. This topic is quite important to be studied as increasing competitiveness in developing markets requires businesses to be effective and efficient in their operations. As a result of the study, it can be concluded that the main competitive advantage of USM is provision of unique full spectrum of infrastructure management services, while ensuring high quality of services meeting international standards. In the long run USM should improve its competitiveness by optimizing process of request for services and enter foreign markets. These tasks will be achieved through Kaizen philosophy by highly involving management in formation of needs for changes, systematization of actions and fixation of habits. At the same time, USM should eliminate following factors in the short-run in order to successfully reach its goals: develop motivation among employees, optimize stocks, improve communications among teams, make procurement process more efficient and develop feedback policy for services conducted.
Issakova, Klara (2016) IMPLEMENTATION OF QUALITY MANAGEMENT SYSTEM IN THE PRIVATE INSTITUTION «USM». Thesis. Nazarbayev University Graduate School of Business.
http://nur.nu.edu.kz/handle/123456789/2070
Private Institution «USM»
key business processes
quality management system
IMPLEMENTATION OF QUALITY MANAGEMENT SYSTEM IN THE PRIVATE INSTITUTION «USM»
oai:nur.nu.edu.kz:123456789/20712021-02-05T04:18:21Zcom_123456789_98com_123456789_67col_123456789_828
00925njm 22002777a 4500
dc
Jarbassov, Nurassyl
author
2016-11
This work intends to analyze the environment of the OSR market and develop a strategy for LLP Caspian Sea Support to retain the leadership position in the oil spill response market. It will be fulfilled by applying several tools from EMBA courses, such as Porter’s Five Forces, PESTEL analysis, relative concentration, map of perception, profit pools and SWOT analysis.
In this paper, the author has developed the company’s strategy based on principles derived from the EMBA classes. Due to the fact that the company has an advantage based on unique resources and capabilities concerning oil spill response in the form of a specialized vessel-skimmer, the management of company decided to further develop the benefits based on industry structure and position through the implementation of different activities in the offshore industry. This will be possible through synergy with other partners. The strategic vision is built through the prism of adding value chain activities and analyzing the performance of companies operating in the market, as well as the competitive positioning of the company.
Jarbassov, Nurassyl (2016) STRATEGY OF THE COMPANY DEVELOPMENT IN THE AREA OF MARINE OIL SPILL PREVENTION AND RESPONSE: NEW OFFSHORE SERVICES, INNOVATION OF OIL SPILL RESPONSE, ENTRY INTO THE INTERNATIONAL MARKET. Thesis. Nazarbayev University Graduate School of Business.
http://nur.nu.edu.kz/handle/123456789/2071
management of company
oil
Caspian Sea Support
oil spills
Kazakh sector of the Caspian Sea
STRATEGY OF THE COMPANY DEVELOPMENT IN THE AREA OF MARINE OIL SPILL PREVENTION AND RESPONSE: NEW OFFSHORE SERVICES, INNOVATION OF OIL SPILL RESPONSE, ENTRY INTO THE INTERNATIONAL MARKET
oai:nur.nu.edu.kz:123456789/20722021-02-05T04:18:24Zcom_123456789_98com_123456789_67col_123456789_828
00925njm 22002777a 4500
dc
Tussupbekov, Olzhas
author
2016-11
Over the past ten years we have seen how global corporations and their management practices are passing through serious tests. There is an urgent need to improve performance, to manage complex integrations, to reduce costs, to increase revenues and to make strategic decisions. Volatility on the financial and energy markets has led to occurrence of new requirements to companies and to the effectiveness of top and middle level managers...
Tussupbekov, Olzhas (2016) PRODUCTION MANAGEMENT ORGANIZATION THROUGH THE HUMAN RESOURCES PRISM. Thesis. Nazarbayev University Graduate School of Business.
http://nur.nu.edu.kz/handle/123456789/2072
management
human resources
PRODUCTION MANAGEMENT ORGANIZATION THROUGH THE HUMAN RESOURCES PRISM
oai:nur.nu.edu.kz:123456789/20732021-02-05T04:18:27Zcom_123456789_98com_123456789_67col_123456789_828
00925njm 22002777a 4500
dc
Koishanova, Raushan
author
2016-11
This thesis presents the role of corporate culture in organizational change management. The objective is to study the existing corporate culture of the Republican State Enterprise “Kazakhstan temir zholy” (hereinafter referred to as KTZ) and demonstrate the role of KTZ’s corporate culture in change management in the context of KTZ Business Transformation Programme.
Koishanova, Raushan (2016) THE ROLE OF CORPORATE CULTURE IN ORGANIZATIONAL CHANGE MANAGEMENT. Thesis. Nazarbayev University Graduate School of Business.
http://nur.nu.edu.kz/handle/123456789/2073
organizational change management
management
Kazakhstan temir zholy
THE ROLE OF CORPORATE CULTURE IN ORGANIZATIONAL CHANGE MANAGEMENT
oai:nur.nu.edu.kz:123456789/20742021-02-05T04:18:29Zcom_123456789_98com_123456789_67col_123456789_828
00925njm 22002777a 4500
dc
Amangaleyev, Serik
author
2016-11
This thesis presents a Business Park project (hereinafter referred to as BP) located in Atyrau, Kazakhstan.
The objective of BP is to create a plan for a new business in Kazakhstan.BP will provide comprehensive support for client operating in production and construction that deal with explosive materials (oil and gas production and refining, coal, etc.). Our support will be provided in four main areas:
- Creation of an Educational Center for training and certification of electrical and instrumentation personnel;
- Conducting inspections of explosion-proof equipment;
- Providing consultations by highly qualified specialists;
- Operation of a service center for repair and overhaul of explosion-proof equipment.
Amangaleyev, Serik (2016) BUSSINES PARK IN ATYRAU. Thesis. Nazarbayev University Graduate School of Business.
http://nur.nu.edu.kz/handle/123456789/2074
Business Park project
BUSSINES PARK IN ATYRAU
oai:nur.nu.edu.kz:123456789/20752021-02-05T04:18:31Zcom_123456789_98com_123456789_67col_123456789_828
00925njm 22002777a 4500
dc
Yezhov, Vladislav
author
2016-11
This paper explores financial management problems in the medical holding company, which has more control over their expenses than income. At the same time the parent company does not provide medical services and does not have stable sources of revenue to cover the maintenance costs of its staff. Each subsidiary of the holding company may carry out medical activities on their own, however the economy of scale can optimize administrative costs, save money on procurement and improve operating processes in clinics of holding company...
Yezhov, Vladislav (2016) ENHANCEMENT OF OPERATING EFFICIENCY OF THE NATIONAL MEDICAL HOLDING THROUGH CENTRALIZATION OF FINANCIAL FUNCTIONS AND CASH FLOWS. Thesis. Nazarbayev University Graduate School of Business.
http://nur.nu.edu.kz/handle/123456789/2075
medical holding company
financial management problems
ENHANCEMENT OF OPERATING EFFICIENCY OF THE NATIONAL MEDICAL HOLDING THROUGH CENTRALIZATION OF FINANCIAL FUNCTIONS AND CASH FLOWS
oai:nur.nu.edu.kz:123456789/20762021-02-05T04:18:33Zcom_123456789_98com_123456789_67col_123456789_828
00925njm 22002777a 4500
dc
Mominbayev, Zhomart
author
2016-11
Decreasing CO2 emission along with active implementation of renewable energy sources (RES) has already become a mainstream of energy policy of many countries. State reimbursement of investments in RES projects via a balanced tariff policy is recognized as an important factor in reaching a country’s “green” targets. After the recent devaluation of the Tenge, the current tariff policy is no more a driver for RES development in Kazakhstan, and it is highly likely that Kazakhstan will miss the target of 3% of all electricity generated from RES by 2020. Thus government is seeking new market mechanism to stimulate the RES sector. My work shows that for Kazakhstan, introduction of a transparent regulatory system of tariff setting, with a system of differential (mostly higher) rate for “green” energy, is the only way to sustain and increase capacity of RES. I use case analysis to elaborate on roadmaps to increase efficiency not only in this particular case but for other state programs that were not successful. My analysis is based on documents review, visiting consultants and debating on conference.
Mominbayev, Zhomart (2016) FEED-IN TARIFFS PRACTICE FOR RENEWABLE ENERGY SOURCES IN KAZAKHSTAN – PROBLEMS AND PROSPECTS. Thesis. Nazarbayev University Graduate School of Business.
http://nur.nu.edu.kz/handle/123456789/2076
renewable energy sources
feed-in tariff
auction mechanism
FEED-IN TARIFFS PRACTICE FOR RENEWABLE ENERGY SOURCES IN KAZAKHSTAN – PROBLEMS AND PROSPECTS
oai:nur.nu.edu.kz:123456789/21192018-08-15T03:50:07Zcom_123456789_98com_123456789_67col_123456789_827
00925njm 22002777a 4500
dc
Gnanlet, Adelina
author
Khanin, Dmitry
author
2015
Sensemaking theory suggests that sensemaking may collapse when perception fails to detect weak signals of changes in the environment, cognition fails to appropriately categorize the new data coming from perception, and action fails to test the applicability of new concepts and schemas. Mindfulness–mindlessness theory warns us that routine practices based on low levels of exploration and exploitation may hinder performance. Finally, the theory of learning failure distinguishes between the traps of failure or overexploration and the traps of success or overexploitation. Combining and advancing these insights, we offer a typology of incompetence traps: (a) underexploration–underexploitation or mindlessness, (b) overexploration–underexploitation, and (c) overexploitation–underexploration. We examine their manifestations in perception, cognition, and action. Based on our analysis of how incompetence traps may hamper learning in management education, we give examples of how instructors may help students achieve synergistic exploration– exploitation via informed vision (combining depth and multiple perspectives); perceptive thinking (combining theoretical, constraint-savvy knowledge and practical, context-savvy knowledge); and mindful action (developing and refining new and existing capabilities).
Gnanlet, A., & Khanin, D. (2015). Helping Learners Recognize, Diagnose, and Unravel Incompetence Traps to Achieve Synergistic Exploration–Exploitation in Classroom. Journal of Management Education, 39(6), 684-712. DOI: 10.1177/1052562914566682
http://nur.nu.edu.kz/handle/123456789/2119
incompetence traps
informed vision
mindful action
mindfulness
mindlessness
overexploitation
overexploration
perceptive thinking
sensemaking
Helping Learners Recognize, Diagnose, and Unravel Incompetence Traps to Achieve Synergistic Exploration–Exploitation in Classroom
oai:nur.nu.edu.kz:123456789/21202018-08-15T03:50:08Zcom_123456789_98com_123456789_67col_123456789_827
00925njm 22002777a 4500
dc
Colicev, Anatoli
author
O'Connor, Peter
author
Vinzi, Vincenzo Esposito
author
2016
Although previous studies have documented a positive link between traditional media and brand performance, how social media is related to brand value has not yet been comprehensively explored. We propose a conceptual model to address this research gap, collecting a unique data set that captures information on user and brand actions on three social media platforms (Facebook, Twitter, and YouTube), word-of-mouth, and brand value for 87 brands in 17 industries. We empirically test our model with partial least squares path modeling (PLS-PM). First, we test the direct effects and find that user actions on YouTube and brand actions on Facebook have a positive influence on brand value. Second, we enrich our model by
including word-of-mouth as a mediator, finding that the effect of social media goes above and beyond pure word-of-mouth
spread. We test for alternative models, by first accounting for sample heterogeneity and second by including brand strength as
a control variable, finding that the main model results’ are indeed robust. Our study demonstrates that making use of social
media positively relates to brand value, as well as validates a set of objective metrics to measure social media actions, thus
advancing knowledge on social media marketing for both academics and practitioners.
Colicev, A., O'Connor, P., & Esposito Vinzi, V. (2016). Is Investing in Social Media Really Worth It? How Brand Actions and User Actions on Social Media Influence Brand Value. Service Science, 8(2).
http://nur.nu.edu.kz/handle/123456789/2120
social media
action
model
facebook
Is Investing in Social Media Really Worth It? How Brand Actions and User Actions on Social Media Influence Brand Value
oai:nur.nu.edu.kz:123456789/21212018-08-15T03:50:07Zcom_123456789_98com_123456789_67col_123456789_827
00925njm 22002777a 4500
dc
Khanin, Dmitry
author
Turel, Ofir
author
2016
Previous research has established that, in addition to provision of financing, venture capitalists (VCs) may add value to new ventures via different types of management support. In this paper, we propose that transaction cost economics (TCE) may complement other theoretical frameworks (e.g., agency theory, the resource-based view, knowledge-based theory, and resource dependence perspective) in explaining CEOs’ polar and ambivalent appraisals of the benefits and costs of different types of VC support and the overall value of VC assistance. Following TCE, we approach VC-funded new ventures as hybrids of markets and hierarchies. Hence, we assume that VCs help their portfolio companies both to externalize, or learn to better operate under the market mode of governance, and internalize, or learn to better operate under the hierarchy mode of governance. We propose that VCs use external support to facilitate venture externalization and use internal support to facilitate venture internalization. Based on structural equation modeling (SEM) analysis of data from an online survey that generated 104 valid responses from CEOs of VC-funded new ventures, we establish that CEOs associate VCs’ external support positively with the perceived benefits of VC assistance and negatively with the perceived costs of VC assistance. In contrast, CEOs associate VCs’ internal support positively both with the perceived benefits and costs of VC assistance. We also demonstrate that CEOs’ assessments of the perceived benefits and costs of VC assistance are, respectively, associated positively and negatively with their appraisals of the overall value of VC assistance. Finally, we ascertain that CEO experience is related negatively to CEOs’ appraisals of the overall value of VC assistance. Implications of these findings for research and practice are discussed.
Khanin, D., & Turel, O. (2016). CEOs’ appraisals of venture capitalists’ external and internal support: a transaction cost economics perspective. Venture Capital, 18(4), 297-320. DOI: 10.1080/13691066.2016.1225774
http://nur.nu.edu.kz/handle/123456789/2121
externalization
internalization
perceived benefits and costs of VC assistance
transaction cost economics (TCE)
VCs’ external support
VCs’ internal support
CEOs’ appraisals of venture capitalists’ external and internal support: a transaction cost economics perspective
oai:nur.nu.edu.kz:123456789/21232018-08-15T03:50:06Zcom_123456789_98com_123456789_67col_123456789_827
00925njm 22002777a 4500
dc
Jochec (Йохец), Marek (Марек)
author
2016
On how to invest the sovereign wealth fund of Kazakstan.
Marek, Jochec; (2016). National Fund of the Republic of Kazakhstan - Where to go from here. National Business KZ 24 5-6 (pp. 44-47).
http://nur.nu.edu.kz/handle/123456789/2123
SWF
NFRK
sovereign wealth fund
National Fund of the Republic of Kazakhstan
investment
National Fund of the Republic of Kazakhstan - Where to go from here / Нацфонд Казахстана – куда двигаться дальше?
oai:nur.nu.edu.kz:123456789/21252018-08-15T03:50:08Zcom_123456789_98com_123456789_67col_123456789_827
00925njm 22002777a 4500
dc
Jochec (Йохец), Marek (Марек)
author
2016-11-18
Softening visa regime and regulations regarding the entry and stay of foreigners in Kazakhstan is recommended in order to better attract foreign investors.
Marek, Jochec; (2016). Foreign Direct Investments and a "cool" country Jochec Marek. Kapital
http://nur.nu.edu.kz/handle/123456789/2125
FDI
foreign direct investment
visa regime
regulation
reform
public service
welcoming foreigners
open country
Foreign Direct Investments and a "cool" country / Прямые иностранные инвестиции и «cool» государство
oai:nur.nu.edu.kz:123456789/21292018-08-15T03:50:08Zcom_123456789_98com_123456789_67col_123456789_827
00925njm 22002777a 4500
dc
Jochec (Йохец), Marek (Марек)
author
2015-10-01
On tenge devaluation and switch to free float regime.
Marek, Jochec; (2016). Now that we have a free float... National Business KZ 19 9-10 (pp. 42-45).
http://nur.nu.edu.kz/handle/123456789/2129
tenge
free float
exchange rate
devaluation
currency risk
Now that we have a free float... / ВОТ И ПУСТИЛСЯ КУРС В ПЛАВАНИЕ…
oai:nur.nu.edu.kz:123456789/21302018-08-15T03:50:03Zcom_123456789_98com_123456789_67col_123456789_827
00925njm 22002777a 4500
dc
Nikolaeva, Ralitza
author
2007-12-01
The dynamic effects of survival determinants in e-commerce are tested using longitudinal data on 460 e-tailers. This is achieved through the incorporation of both time-varying covariates and coefficients in a discrete hazard rate model. The model includes elements of competitive strategy, industry structure, firm and product characteristics, and the macro environment. The study demonstrates the changing effect over time of factors affecting survival. For example, order of entry advantages are observed, but they are short-lived. This finding shows that e-tailers cannot rely on early entry as a strategic move in the long run. E-tailers with more media presence seem to survive longer. Being publicly traded and selling products with digital characteristics present advantages for e-tailers only in the beginning years, but they are not sustainable over long time periods. Survival chances decrease with higher competitive density, market growth rate, and equity market level at the time of entry. Conversely, economic growth tends to increase survival chances. The study also finds an inverted-U relationship between the hazard of exit and firm age. The conclusion section discusses the implications of the timevarying nature of survival determinants.
Nikolaeva, R. (2007). The dynamic nature of survival determinants in e-commerce. Journal of the Academy of Marketing Science, 35(4), 560-571. DOI: 10.1007/s11747-007-0018-4
http://nur.nu.edu.kz/handle/123456789/2130
online retailing
order of entry
survival analysis
time-varying effects
The dynamic nature of survival determinants in e-commerce
oai:nur.nu.edu.kz:123456789/23532018-08-15T03:50:03Zcom_123456789_98com_123456789_67col_123456789_827
00925njm 22002777a 4500
dc
Йохец, Марек
author
2017
Марек Йохец; 2017; Невидимая рука рынка. Как наличие альтернатив влияет на поведение в экономике; Kapital.kz; http://nur.nu.edu.kz/handle/123456789/2353
http://nur.nu.edu.kz/handle/123456789/2353
экономика
стимул
альтернативы
Невидимая рука рынка. Как наличие альтернатив влияет на поведение в экономике
oai:nur.nu.edu.kz:123456789/23542018-08-15T03:50:10Zcom_123456789_98com_123456789_67col_123456789_827
00925njm 22002777a 4500
dc
Йохец, Марек
author
2016
Марек Йохец; 2016; РЕЦЕПТЫ УСПЕХА ДЛЯ ОТЕЧЕСТВЕННОЙ ЭКОНОМИКИ ПРЯМЫЕ ИНОСТРАННЫЕ ИНВЕСТИЦИИ И «COOL» ГОСУДАРСТВО; Kapital.kz; http://nur.nu.edu.kz/handle/123456789/2354
http://nur.nu.edu.kz/handle/123456789/2354
иностранные инвестиции
инвестор
бюрократия
РЕЦЕПТЫ УСПЕХА ДЛЯ ОТЕЧЕСТВЕННОЙ ЭКОНОМИКИ ПРЯМЫЕ ИНОСТРАННЫЕ ИНВЕСТИЦИИ И «COOL» ГОСУДАРСТВО
oai:nur.nu.edu.kz:123456789/23552023-11-11T14:45:24Zcom_123456789_98com_123456789_67col_123456789_827
00925njm 22002777a 4500
dc
2016
«Жаһандық кәсіпкерлік мониторингі: Қазақстан 2015/2016» есебі – бұл Қазақстан
Республикасында Назарбаев Университеті Жоғары бизнес мектебінің басшылығымен
Экономикалық зерттеу институтымен ынтымақтастықта жиналған деректерге
негізделген алғашқы баяндама. Басты ролі – Қазақстанның кәсіпкерлік саласындағы
жетістіктерге ерекше назар аудару. Біздің мақсатымыз – саяси қайраткерлердің,
сондай-ақ жетекші бизнесмендер мен мемлекеттік басшылардың ірі және орта
кәсіпкерлікті дамытатын экономикалық және әлеуметтік артықшылықтарды қалайша
жақсарта алатынын түсіну
Дмитрий Ханин, Венката Субраманян, Әсел Увалиева, Еркен Тұрғанбаев, Айман Едігеева, Нұрлан Құлбатыров, Шыңғыс Турез, Динара Ақынбекова, Айжан Төлепбекова; 2016; Ұлттық баяндама Жаһандық кәсіпкерлік мониторингі: Қазақстан 2015/2016; Жоғары бизнес мектебі, Назарбаев Университеті; http://nur.nu.edu.kz/handle/123456789/2355
http://nur.nu.edu.kz/handle/123456789/2355
Жаһандық кәсіпкерлік мониторингі
Ұлттық баяндама Жаһандық кәсіпкерлік мониторингі: Қазақстан 2015/2016
oai:nur.nu.edu.kz:123456789/29512018-08-15T03:50:19Zcom_123456789_98com_123456789_67col_123456789_827
00925njm 22002777a 4500
dc
Harutyunyan, Mushegh
author
Jiang, Baojun
author
2017-09-01
Abstract Customers can sometimes learn unanticipated or hidden use value of a firm’s product whereas the non-customers remain uninformed about that extra value. A monopolist will increase its profit by informing the non-customers of its product’s hidden value. However, our analysis reveals that this may not be true when the firm faces competition in the market—the firm may actually make a higher profit if it keeps its hidden value secret from its competitor’s customers even if advertising to inform those customers is costless. This is because no advertising leads to information heterogeneity among consumers about the existence of the firm’s hidden value, which gives an incentive for both firms to continue targeting their own existing customers rather than poaching each other’s customers, alleviating price competition and increasing firms’ profits. This beneficial strategic effect of keeping some product value secret from the competitor’s customers can persist even when the firms anticipate the hidden value and compete more aggressively for customers in the early period. Our research suggests that firms can benefit from an “under-promise and over-deliver” strategy if they refrain from communicating their extra value to the competitor’s customers. Moreover, positive word of mouth about a firm’s product will not necessarily benefit the firm and can in fact make all firms worse off.
Mushegh Harutyunyan, Baojun Jiang, Strategic Implications of Keeping Product Value Secret from Competitor’s Customers, In Journal of Retailing, Volume 93, Issue 3, 2017, Pages 382-399
00224359
https://www.sciencedirect.com/science/article/pii/S0022435917300507
http://nur.nu.edu.kz/handle/123456789/2951
Dynamic pricing
Competitive strategy
Information disclosure
Advertising
Targeted marketing
Word of mouth
Strategic Implications of Keeping Product Value Secret from Competitor’s Customers
oai:nur.nu.edu.kz:123456789/29952018-08-15T03:50:20Zcom_123456789_98com_123456789_67col_123456789_827
00925njm 22002777a 4500
dc
Fang, Yi
author
Post, Thierry
author
2017-09-16
Abstract We characterize a range of Stochastic Dominance (SD) relations by means of finite systems of convex inequalities. For ‘SD optimality’ of degree 1 to 4 and ‘SD efficiency’ of degree 2 to 5, we obtain exact systems that can be implemented using Linear Programming or Convex Quadratic Programming. For SD optimality of degree five and higher, and SD efficiency of degree six and higher, we obtain necessary conditions. We use separate model variables for the values of the derivatives of all relevant orders at all relevant outcome levels, which allows for preference restrictions beyond the standard sign restrictions. Our systems of inequalities can be interpreted in terms of piecewise polynomial utility functions with a number of pieces that increases with the number of outcomes and the degree of SD. An empirical study analyzes the relevance of higher-order risk preferences for comparing a passive stock market index with actively managed stock portfolios in standard data sets from the empirical asset pricing literature.
Yi Fang, Thierry Post, Higher-degree stochastic dominance optimality and efficiency, In European Journal of Operational Research, Volume 261, Issue 3, 2017, Pages 984-993
03772217
https://www.sciencedirect.com/science/article/pii/S0377221717302394
http://nur.nu.edu.kz/handle/123456789/2995
Decision analysis
Stochastic dominance
Expected utility
Linear programming
Convex quadratic programming
Higher-degree stochastic dominance optimality and efficiency
oai:nur.nu.edu.kz:123456789/30852018-08-15T03:50:23Zcom_123456789_98com_123456789_67col_123456789_827
00925njm 22002777a 4500
dc
Colicev, Anatoli
author
De Giovanni, Pietro
author
Vinzi, Vincenzo Esposito
author
2016-08-01
Abstract In this paper, we propose a new approach to evaluating firms’ Partnering Capability. While previous research treats Partnering Capability as an exogenous factor, we take into account its antecedents and thus conceive it as endogenous. Our motivations are driven by the fact that firms ex-ante evaluate their partners by assessing their Partnering Capability. We focus on departmental integration, customer service, and economic and operational performance as key antecedents of Partnering Capability. Our empirical findings show that Partnering Capability is directly induced by operational performance and departmental integration. In addition, customer service along with departmental integration generates a chain of indirect effects due to economic and operational performance. Finally, we investigate the importance-performance matrix analysis (IMPA) that further identifies the managerial levers to enhance Partnering Capability.
Anatoli Colicev, Pietro De Giovanni, Vincenzo Esposito Vinzi, An empirical investigation of the antecedents of partnering capability, In International Journal of Production Economics, Volume 178, 2016, Pages 144-153
09255273
https://www.sciencedirect.com/science/article/pii/S0925527316300846
http://nur.nu.edu.kz/handle/123456789/3085
Partnering capability
Departmental integration
Customer service
Performance
PLS-PM
IMPA
An empirical investigation of the antecedents of partnering capability
oai:nur.nu.edu.kz:123456789/34042018-08-25T21:00:39Zcom_123456789_98com_123456789_67col_123456789_827
00925njm 22002777a 4500
dc
Йохец (Jochec), Марек (Marek)
author
2018-01-28
В повседневной жизни и на работе я нередко сталкиваюсь с бюрократией. Также слышу от людей, работающих в различных организациях Казахстана, что проблема с бюрократией остается острой. И не я один замечаю это. Менеджмент гуру Ицхак Адизес подметил ту же проблему в своем интервью, опубликованном под названием «Как избавить Самрук от бюрократии» (National Business, май 2017 г.).
Йохец Марек (2018) Размышления о бюрократии. Проблема с бюрократией остается острой. Капитал.
http://nur.nu.edu.kz/handle/123456789/3404
бюрократия
Размышления о бюрократии. Проблема с бюрократией остается острой.
oai:nur.nu.edu.kz:123456789/34052018-08-25T21:00:40Zcom_123456789_98com_123456789_67col_123456789_827
00925njm 22002777a 4500
dc
Йохец (Jochec), Марек (Marek)
author
2017-11-27
Недавно я побывал на одной конференции и встретил там бельгийского профессора из Брюсселя. Он поинтересовался о жизни в Чешской Республике (моей родине, где состоялась конференция). А узнав, что теперь я работаю в Казахстане, ему было интересно узнать и о жизни там. Поскольку оба мы экономисты, вскоре наш разговор перешел к экономике. Можно ли достойно жить в текущей глобальной экономической ситуации? Есть ли у людей работа, обеспечивающая достаточный доход? Снижаются ли уровень и качество жизни, как это происходит (по его словам) в Бельгии?...
Йохец Марек (2017) Зачем рынкам нужно «созидательное разрушение». Капитал. https://m.kapital.kz/world/64803/zachem-rynkam-nuzhno-sozidatelnoe-razrushenie.html
http://nur.nu.edu.kz/handle/123456789/3405
капитализм
корпоративный контроль
Зачем рынкам нужно «созидательное разрушение»
oai:nur.nu.edu.kz:123456789/34062018-08-25T21:00:21Zcom_123456789_98com_123456789_67col_123456789_827
00925njm 22002777a 4500
dc
Turganbayev, Y. M.
author
Karchevsky, A. L.,
author
Rakhmetullina, S. J.
author
Beldeubayeva, Z. H.T.
author
2017-01-01
The article deals with an inverse problem of determining parameters of groundwater pollution sources. We test three ways to solve the problem on the simulated data for a simple case of contamination. We discover that, in the presence of noise in the data of the inverse problem, the first method does not produce satisfactory recovery results, while the second and third ones are comparable in accuracy of the recovery of required parameters. Taking into account the ease of implementation, the speed of computing and parallelization feasibility the second method of solving the inverse problem is found to be most preferable. We also propose a method of finding pollution parameters in general case...
Karchevsky, A. L., Turganbayev, Y. M., Rakhmetullina, S. J., & Beldeubayeva, Z. H. T. (2017). Numerical solution of an inverse problem of determining the parameters of a source of groundwater pollution. Eurasian Journal of Mathematical and Computer Applications, 5(1), 53-73.
http://nur.nu.edu.kz/handle/123456789/3406
groundwater pollution
pollution sources
Numerical solution of an inverse problem of determining the parameters of a source of groundwater pollution
oai:nur.nu.edu.kz:123456789/43782019-12-11T21:03:28Zcom_123456789_98com_123456789_67col_123456789_827
00925njm 22002777a 4500
dc
Arvanitis, Stelios
author
Hallam, Mark
author
Post, Thierry
author
Topaloglou, Nikolas
author
2018
This study develops and implements methods for determining whether introducing new securities or relaxing investment constraints improves the investment opportunity set for all risk averse investors. We develop a test procedure for “stochastic spanning” for two nested portfolio sets based on subsampling and linear programming. The test is statistically consistent and asymptotically exact for a class of weakly dependent processes. A Monte Carlo simulation experiment shows good statistical size and power properties in finite samples of realistic dimensions. In an application to standard datasets of historical stock market returns, we accept market portfolio efficiency but reject two-fund separation, which suggests an important role for higher-order moment risk in portfolio theory and asset pricing. Supplementary materials for this article are available online.
Arvanitis, S., Hallam, M., Post, T., & Topaloglou, N. (2018). Stochastic Spanning. Journal of Business & Economic Statistics, 37(4), 573–585. https://doi.org/10.1080/07350015.2017.1391099
000489086900001
http://nur.nu.edu.kz/handle/123456789/4378
Linear programming
Portfolio choice
Spanning
Stochastic dominance
Subsampling
Stochastic Spanning
oai:nur.nu.edu.kz:123456789/46002020-05-06T21:00:52Zcom_123456789_98com_123456789_67col_123456789_827
00925njm 22002777a 4500
dc
Akemu, Onajomo
author
Abdelnour, Samer
author
2020-04-01
Digital technologies pervade modern life. As a result, organizational ethnographers must contend
with informants interacting in face-to-face and digitally mediated encounters (e.g., through email,
Facebook Messenger, and Skype). This overlap of informants’ digital and physical interactions
challenges ethnographers’ ability to demonstrate authenticity and multivocality in their accounts of
contemporary organizing. Drawing on recent theorizing about the nature of digital artifacts and two
cases of ethnographic fieldwork, we argue that digital artifacts afford ethnographers different modes
of being co-present with research participants: digital as archive and digital as process. We offer
guidelines to researchers on how to deploy these modes of co-presence in order to improve
authenticity and multivocality in ethnographic studies of modern organizations. We also explore the
implications for methodological concerns such as ethics, analytical choice, and reflexivity.
Akemu, O., & Abdelnour, S. (2020). Confronting the Digital: Doing Ethnography in Modern Organizational Settings. Organizational Research Methods, 23(2), 296–321. https://doi.org/10.1177/1094428118791018
https://doi.org/10.1177/1094428118791018
http://nur.nu.edu.kz/handle/123456789/4600
Research Subject Categories::SOCIAL SCIENCES
Confronting the Digital: Doing Ethnography in Modern Organizational Settings
oai:nur.nu.edu.kz:123456789/53742021-05-11T21:00:29Zcom_123456789_98com_123456789_67col_123456789_827
00925njm 22002777a 4500
dc
Cornelissen, Joep P.
author
Akemu, Ona
author
Jonkman, Jeroen G. F.
author
Werner, Mirjam D.
author
2020-09
The formation of a hybrid organizational identity is a significant challenge for many
social enterprises. Drawing on in-depth longitudinal data from the first three years of a successful social enterprise – Fairphone, founded in Amsterdam – we induce an empirically grounded
theoretical model of how a hybrid organizational identity is formed. We identify a general
process of organizational identity formation, with founders, leaders and members experimenting with different organizational characters describing ‘who they are’ as well as with alternative social impact strategies defining ‘what they do’. As part of this experimental process, we
elaborate the role of a key leadership process – ‘rekeying’, which involves leaders re-figuring
prior understandings into more dual readings – which we found facilitates ongoing adaptation
and helps members of the organization to become progressively better able at combining multiple objectives and values as part of a shared hybrid identity. Our theoretical model of hybrid
organizational identity formation has a number of direct implications for ongoing research on
organizational identity formation and hybrid organizations.
Cornelissen, J. P., Akemu, O., Jonkman, J. G. F., & Werner, M. D. (2020). Building Character: The Formation of a Hybrid Organizational Identity in a Social Enterprise. Journal of Management Studies. https://doi.org/10.1111/joms.12640
0022-2380
https://onlinelibrary.wiley.com/doi/10.1111/joms.12640
https://doi.org/10.1111/joms.12640
http://nur.nu.edu.kz/handle/123456789/5374
hybrid organizations
leadership re-keying
organizational identity formation
sensemaking
social entrepreneurship
BUILDING CHARACTER: THE FORMATION OF A HYBRID ORGANIZATIONAL IDENTITY IN A SOCIAL ENTERPRISE
oai:nur.nu.edu.kz:123456789/59832022-02-04T06:15:02Zcom_123456789_98com_123456789_67col_123456789_827
00925njm 22002777a 4500
dc
Riisla, Katrin
author
Wendt, Hein
author
Babalola, Mayowa T.
author
Euwema, Martin
author
2021-07-19
Team cohesiveness plays a crucial role in effective teamwork, innovation, and improved performance, and as such, its development among team members is an essential part of team management. However, it may be disregarded by leaders with a high bottom-line mentality (BLM; a single-minded focus on the bottom line at the expense of other values or priorities). These leaders may show little interest in other priorities, such as ethical, social, or environmental considerations, and may be tempted to push their followers to go above and beyond what is expected, even if it means bending the rules, cutting corners, or engaging in other ethically problematic behaviors. We argue that although a team leader’s BLM may motivate followers to come together around the pursuit of a common goal, it may come at the expense of nurturing healthy interpersonal relationships, trust, and other important social resources within the team. Specifically, we argue that the way leaders with a high BLM approach their goals may affect team cohesiveness, and that it is particularly negative for female leaders. Using a large multi-national study, we found that this happens through increased directive and lowered participative leader behaviors.
Riisla, K., Wendt, H., Babalola, M. T., & Euwema, M. (2021). Building Cohesive Teams—The Role of Leaders’ Bottom-Line Mentality and Behavior. Sustainability, 13(14), 8047. https://doi.org/10.3390/su13148047
http://nur.nu.edu.kz/handle/123456789/5983
Type of access: Open Access
leader bottom-line mentality
team cohesiveness
directive leadership
participative leadership
BUILDING COHESIVE TEAMS—THE ROLE OF LEADERS’ BOTTOM-LINE MENTALITY AND BEHAVIOR
oai:nur.nu.edu.kz:123456789/60282023-11-11T14:45:21Zcom_123456789_98com_123456789_67col_123456789_827
00925njm 22002777a 4500
dc
Karimov, Shyngys
author
Konings, Jozef
author
2021-08-21
This paper explores the impact of the COVID-19 lockdown on aggregate employment in Belgium. To this end, we use microdata of all Belgian frms and apply a
machine learning-based approach to simulate the impact of the lockdown on
employment growth under various economic scenarios. In doing so, we distinguish
between start-ups and incumbent frms with both short and long-term efects. In
the short term, we expect to see signifcant losses of employment coming mainly
from mature incumbent frms. In the long term, the missing generation of start-ups
formed during the lockdown will have a signifcant and growing efect of slowing
down the employment growth even a decade after the lockdown.
Karimov, S., & Konings, J. (2021). How lockdown causes a missing generation of start-ups and jobs. International Economics and Economic Policy, 18(3), 457–473. https://doi.org/10.1007/s10368-021-00513-6
http://nur.nu.edu.kz/handle/123456789/6028
Type of access: Open Access
Start-ups
Employment dynamics
COVID-19
Machine learning
HOW LOCKDOWN CAUSES A MISSING GENERATION OF START UPS AND JOBS
oai:nur.nu.edu.kz:123456789/60422023-11-11T14:45:33Zcom_123456789_98com_123456789_67col_123456789_827
00925njm 22002777a 4500
dc
Fiordelisi, Franco
author
Galloppo, Giuseppe
author
Lattanzio, Gabriele
author
2021-11-10
Firms with high social capital systematically outperform their peers during periods of economic distress. Yet, it is not clear under which institutional conditions corporate social capital is the most valuable to shareholders. By studying the performance of 1,789 firms in 27 countries during the initial phases of the COVID-19 pandemic, we document that the resilience effect of social capital is heterogeneous across countries. We identify the flexibility of a country's labor market as a critical determinant of corporate's returns on social capital-related investments. These findings are consistent with social capital hedging firms against systematic shocks by mitigating employee-related litigation risk.
Fiordelisi, F., Galloppo, G., & Lattanzio, G. (2021). Where does corporate social capital matter the most? Evidence From the COVID-19 crisis. Finance Research Letters, 102538. https://doi.org/10.1016/j.frl.2021.102538
http://nur.nu.edu.kz/handle/123456789/6042
Type of access: Open Access
Corporate social capital
Labor market rigidity
Reputational capital
COVID-19
Stakeholders
WHERE DOES CORPORATE SOCIAL CAPITAL MATTER THE MOST? EVIDENCE FROM THE COVID-19 CRISIS
oai:nur.nu.edu.kz:123456789/63622022-07-05T21:00:11Zcom_123456789_98com_123456789_67col_123456789_827
00925njm 22002777a 4500
dc
Nurgozhayeva, Roza
author
2020-05-21
Since the Belt and Road Initiative (BRI) was announced in 2013, China’s expanding economic, geopolitical, and business presence demonstrates its eagerness to play a more significant role in the systems of international governance and law. The BRI’s scale and influence have captured immense attention among politicians, policymakers, experts, and academics. They offer numerous interpretations of the BRI’s global and regional impact. If China claims to be a stakeholder in the international system, what are the implications for the legal systems of the BRI countries and their governance systems? To what extent does the BRI lead to the expansion of China’s institutions and legal norms? How can the BRI countries ensure that their interests in BRI projects are adequately protected? This article analyses the Central Asian perspective on the BRI. Central Asia and Kazakhstan, in particular, have strategic relevance to the BRI. Remarkably, the BRI was launched during the visit of President Xi Jinping to Kazakhstan, which means that Kazakhstan plays a critical transit role as China’s pivot to Europe. Although the BRI is an ambitious global strategy, it has provoked much criticism, especially in liberal countries. Despite China’s efforts to promote the BRI as a win–win endeavour, China’s increased economic and political influence has already led to heightened scrutiny of its role in shaping ideology, economic development, and the legal and institutional landscapes. While many academic publications address different perspectives of the BRI, the context behind BRI projects requires further attention. This article contributes to the literature by studying BRI projects in Kazakhstan and their legal framework and governance.
Nurgozhayeva, R. (2020). Rule-Making, Rule-Taking or Rule-Rejecting under the Belt and Road Initiative: A Central Asian Perspective. The Chinese Journal of Comparative Law, 8(1), 250–278. https://doi.org/10.1093/cjcl/cxaa006
http://nur.nu.edu.kz/handle/123456789/6362
Type of acess: Open Access
Rule-Making
Rule-Taking
Rule-Rejecting
Central Asia
RULE-MAKING, RULE-TAKING OR RULE-REJECTING UNDER THE BELT AND ROAD INITIATIVE: A CENTRAL ASIAN PERSPECTIVE
oai:nur.nu.edu.kz:123456789/63882022-07-08T21:00:39Zcom_123456789_98com_123456789_67col_123456789_827
00925njm 22002777a 4500
dc
Constantinides, George M.
author
Czerwonko, Michal
author
Perrakis, Stylianos
author
2019
In model-free out-of-sample tests, we find that the optimal portfo lio of a utility maximizing investor trading in the S&P500 Index, cash,
and index options bought at ask and written at bid prices stochas tically dominates the optimal portfolio without options and yields
returns with higher mean and lower volatility in most months from
1990 to 2013. Unlike earlier claims of overpriced puts, our portfolios
include mostly short calls and are particularly profitable when matu rity is short and volatility is high. Similar results are obtained with the
CAC and DAX indices. Neither priced factors nor a nonmonotonic
stochastic discount factor explains the excess returns.
Constantinides, G. M., Czerwonko, M., & Perrakis, S. (2019). Mispriced index option portfolios. Financial Management, 49(2), 297–330. https://doi.org/10.1111/fima.12288
http://nur.nu.edu.kz/handle/123456789/6388
Type of access: Open Access
portfolio
MISPRICED INDEX OPTION PORTFOLIOS
oai:nur.nu.edu.kz:123456789/68952023-01-19T21:00:14Zcom_123456789_98com_123456789_67col_123456789_827
00925njm 22002777a 4500
dc
Babalola, Mayowa T.
author
Bal, Matthijs
author
Cho, Charles H.
author
Garcia‑Lorenzo, Lucia
author
Guedhami, Omrane
author
Liang, Hao
author
Shailer, Greg
author
Gils, Suzanne van
author
2022-09-15
To commemorate 40 years since the founding of the Journal of Business Ethics, the editors-in-chief of the journal have invited the editors to provide commentaries on the future of business ethics. This essay comprises a selection of commentaries aimed at creating dialog around the theme Bringing Excitement to Empirical Business Ethics Research (inspired by the title of the commentary by Babalola and van Gils). These editors, considering the diversity of empirical approaches in business ethics, envisage a future in which quantitative business ethics research is more bold and innovative, as well as reflexive about its techniques, and dialog between quantitative and qualitative research nourishes the enrichment of both. In their commentary, Babalola and van Gils argue that leadership research has stagnated with the use of too narrow a range of perspectives and methods and too many overlapping concepts. They propose that novel insights could be achieved by investigating the lived experience of leadership (through interviews, document analysis, archival data); by focusing on topics of concern to society; by employing different personal, philosophical, or cultural perspectives; and by turning the lens on the heroic leader (through “dark-side” and follower studies). Taking a provocative stance, Bal and Garcia-Lorenzo argue that we need radical voices in current times to enable a better understanding of the psychology underlying ethical transformations. Psychology can support business ethics by not shying away from grander ideas, going beyond the margins of “unethical behaviors harming the organization” and expanding the range of lenses used to studying behavior in context. In the arena of finance and business ethics, Guedhami, Liang, and Shailer emphasize novel data sets and innovative methods. Significantly, they stress that an understanding the intersection of finance and ethics is central to business ethics; financial equality and inclusion are persistent socio-economic and political concerns that are not always framed as ethics issues, yet relevant business policies and practices manifest ethical values. Finally, Charles Cho offers his opinion on the blurry line between the “ethical” versus “social” or “critical” aspects of accounting papers. The Journal of Business Ethics provides fertile ground for innovative, even radical, approaches to quantitative methods (see Zyphur and Pierides in J Bus Ethics 143(1):1–16, https://doi.org/10.1007/s10551-017-3549-8, 2017), as part of a broad goal of ethically reflecting on empirical research.
Babalola, M. T., Bal, M., Cho, C. H., Garcia-Lorenzo, L., Guedhami, O., Liang, H., Shailer, G., & van Gils, S. (2022). Bringing Excitement to Empirical Business Ethics Research: Thoughts on the Future of Business Ethics. Journal of Business Ethics, 180(3), 903–916. https://doi.org/10.1007/s10551-022-05242-7
http://nur.nu.edu.kz/handle/123456789/6895
Type of access: Open Access
Psychology
innovation Finance Accounting Paradigms Social relevance Future of business ethics
Methodological innovation
Finance
Accounting
Paradigms
Social relevance
Future of business ethics
BRINGING EXCITEMENT TO EMPIRICAL BUSINESS ETHICS RESEARCH: THOUGHTS ON THE FUTURE OF BUSINESS ETHICS
oai:nur.nu.edu.kz:123456789/69272023-02-07T21:00:44Zcom_123456789_98com_123456789_67col_123456789_827
00925njm 22002777a 4500
dc
Rahaman, H M Saidur
author
Kwan, Ho Kwong
author
Babalola, Mayowa T.
author
Chen, Haixiao
author
2022
This study examines why and when family ostracism can have an adverse effect on employees’ customer service
behaviors. Drawing on self-determination theory (SDT), we theorize the existence of moderated multi-mediation
relationships between family ostracism and employees’ customer service behaviors (i.e., customer-oriented
organizational citizenship behaviors and customer-oriented voice behaviors) through harmonious passion for
work and customer orientation, with social skills playing a moderating role. We used a time-lagged design to
collect data from service employees in China. Our results show that controlling for workplace ostracism at Time
1, the relationship between family ostracism and employees’ customer service behaviors is negative and serially
mediated by both harmonious passion for work and customer orientation. Furthermore, employees who are less
socially skilled are more prone to the adverse effects of family ostracism. Last, female employees are more
vulnerable to the effects of family ostracism on their customer service.
Rahaman, H. M. S., Kwan, H. K., Babalola, M. T., & Chen, H. (2023). Putting customer service at risk: Why and when family ostracism relates to customer-oriented behaviors. International Journal of Hospitality Management, 109, 103390. https://doi.org/10.1016/j.ijhm.2022.103390
http://nur.nu.edu.kz/handle/123456789/6927
Type of access: Open Access
Family ostracism
Harmonious passion for work
Customer orientation
Customer-focused organizational citizenship behavior
Customer-focused voice
Social skills
PUTTING CUSTOMER SERVICE AT RISK: WHY AND WHEN FAMILY OSTRACISM RELATES TO CUSTOMER-ORIENTED BEHAVIORS
oai:nur.nu.edu.kz:123456789/69472023-02-09T21:00:25Zcom_123456789_98com_123456789_67col_123456789_827
00925njm 22002777a 4500
dc
Nurgozhayeva, Roza
author
2022
The narrative that defines privatisation, corporatisation, and the separation of ownership and regulatory functions as the key prerequisites for a successful state-owned enterprises’ (SOE) governance structure represents the literature's leading approach. This approach has been embedded in national laws and policies across many countries. Nonetheless, some legal scholars have scrutinised and questioned this single-minded perspective, emphasising the impact of existing institutional conditions and calling for an alternative understanding of corporate governance dynamics in different SOEs. Notwithstanding a vigorous debate on SOEs, it almost exclusively focuses on China, while Russia, being another large state-driven economy, has been missing. This article fills this gap and offers a comparative and critical perspective on the state ownership system in Russia. The analysis of Russian SOEs reveals classic governance and incentive problems attributable to state ownership. However, the question is how despite close affiliation to the State and high transaction costs caused by state interference, Russian SOEs have gained a substantial international market presence. This article answers this paradox.
Nurgozhayeva, R. (2022). Corporate Governance In Russian State-Owned Enterprises: Real Or Surreal? Asian Journal of Comparative Law, 17(1), 24–50. https://doi.org/10.1017/asjcl.2022.3
http://nur.nu.edu.kz/handle/123456789/6947
Type of access: Open Access
Russian State-Owned Enterprises
Corporate Governance
CORPORATE GOVERNANCE IN RUSSIAN STATE-OWNED ENTERPRISES: REAL OR SURREAL?
oai:nur.nu.edu.kz:123456789/69802023-03-28T21:00:40Zcom_123456789_98com_123456789_67col_123456789_827
00925njm 22002777a 4500
dc
Bijnens, Gert
author
Konings, Jozef
author
Vanormelingen, Stijn
author
2022
Increased investment in clean electricity in combination with a rising cost of carbon will most likely lead to higher electricity prices. We examine the impact from changing electricity prices on European manufacturing employment and find a negative elasticity for the most electricity-intensive sectors. Since these sectors are unevenly spread across countries and regions, the negative employment impact from increasing electricity prices will also be unevenly spread. Policymakers should be well aware of this and take mitigating actions to ensure a positive public sentiment towards environment-related price increases. (JEL J23, H23, Q28, Q43)
Bijnens, G., Konings, J., & Vanormelingen, S. (2021). The impact of electricity prices on European manufacturing jobs. Applied Economics, 54(1), 38–56. https://doi.org/10.1080/00036846.2021.1951647
http://nur.nu.edu.kz/handle/123456789/6980
Type of access: Open Access
Electricity Prices
Labour Demand
Employment
Manufacturing Industry
THE IMPACT OF ELECTRICITY PRICES ON EUROPEAN MANUFACTURING JOBS
oai:nur.nu.edu.kz:123456789/69852023-03-28T21:00:48Zcom_123456789_98com_123456789_67col_123456789_827
00925njm 22002777a 4500
dc
Walumbwa, Fred O.
author
Christensen-Salem, Amanda
author
Babalola, Mayowa T.
author
Kasimu, Paul
author
Garba, Omale A.
author
Guo, Liang
author
2021
Although family–supportive supervision (FSS) has been identified as one of the most useful social resources for reducing the occurrence of work interference with family (WIF), relatively little is known about the boundary conditions and the underlying mechanisms through which this relationship occurs. Drawing on conservation of resources (COR) theory, we examined how and when FSS relates to WIF in two field studies, focusing on family–role overload as a moderator and employee task crafting as a mediator. Results from Study 1, using multi-wave data from a high-technology firm, showed that family role–overload moderated the relationship between FSS and WIF such that the relationship was stronger for employees with more family role–overload than for those with less family role–overload. Results from Study 2, using multi-wave data from employees working in different industries, revealed that employee task crafting mediated the interactive effect of FSS and family–role overload on WIF. Implications of these findings for research and practice are discussed.
Walumbwa, F. O., Christensen-Salem, A., Babalola, M. T., Kasimu, P., Garba, O. A., & Guo, L. (2021). A closer look at how and when family-supportive supervision influence work interference with family: the roles of family-role overload and task crafting. International Journal of Human Resource Management, 33(19), 3850–3878. https://doi.org/10.1080/09585192.2021.1939761
http://nur.nu.edu.kz/handle/123456789/6985
Type of access: Open Access
Family–supportive supervision
work interference with family
family–role overload
A CLOSER LOOK AT HOW AND WHEN FAMILY-SUPPORTIVE SUPERVISION INFLUENCE WORK INTERFERENCE WITH FAMILY: THE ROLES OF FAMILY-ROLE OVERLOAD AND TASK CRAFTING
oai:nur.nu.edu.kz:123456789/70032023-03-29T21:00:23Zcom_123456789_98com_123456789_67col_123456789_827
00925njm 22002777a 4500
dc
Amiti, Mary
author
Itskhoki, Oleg
author
Konings, Jozef
author
2022
We analyze how firms choose the currency of invoicing and the implications of this choice for exchange rate pass-through into export prices and quantities. Using a new data set for Belgian firms, we find currency invoicing to be an active firm-level decision, shaped by the firm’s size, exposure to imported inputs, and the currency choices of its competitors. Our results show that a firm’s currency choice, in turn, has a direct causal effect on the exchange rate pass-through into prices and quantities. Moreover, the differential price response of similar firms that invoice in different currencies is large, persists beyond a one-year horizon, and gradually wanes in the long run. This results in allocative expenditure-switching effects on export quantities, which build up over time, suggesting a role for quantity adjustment frictions in addition to price stickiness. Our findings shed light on the mechanisms that make or break a dominant currency and the consequences it has for the international transmission of shocks.
Amiti, M., Itskhoki, O., & Konings, J. (2022). Dominant Currencies: How Firms Choose Currency Invoicing and Why it Matters. Quarterly Journal of Economics, 137(3), 1435–1493. https://doi.org/10.1093/qje/qjac004
http://nur.nu.edu.kz/handle/123456789/7003
Type of access: Open Access
E31 - Price Level
Inflation
DeflationF31
Foreign ExchangeF41
Open Economy Macroeconomics
DOMINANT CURRENCIES: HOW FIRMS CHOOSE CURRENCY INVOICING AND WHY IT MATTERS*
oai:nur.nu.edu.kz:123456789/75542023-12-27T21:00:51Zcom_123456789_98com_123456789_67col_123456789_828
00925njm 22002777a 4500
dc
Abdikhalyk, MIras
author
Baizakov, Azamat
author
2022-12-14
The performance of individual momentum, term structure, and idiosyncratic volatility
commodity futures trading strategies based on trading signals, as well as double and triple
combinations of the latter three, is demonstrated in this study. The profitability of these strategies
calls into question the weak form of the efficient market hypothesis because the signals are based
on past public trading information. Robustness analysis for the recent decade and sensitivity
analysis on the breadth of the futures portfolio were conducted
Abdikhalyk, M. Baizakov, A. (2022). An empirical evaluation of commodity futures trading strategies based on past public information. Nazarbayev University, Graduate School of Business
http://nur.nu.edu.kz/handle/123456789/7554
Type of access: Restricted
AN EMPIRICAL EVALUATION OF COMMODITY FUTURES TRADING STRATEGIES BASED ON PAST PUBLIC INFORMATION
oai:nur.nu.edu.kz:123456789/74822023-11-29T10:08:25Zcom_123456789_98com_123456789_67col_123456789_7455
00925njm 22002777a 4500
dc
Gabdullina, Botagoz
author
Medeubekova, Lyazzat
author
Umurzakova, Madina
author
Kuttybayeva, Ubaida
author
2019-12-10
Ana Global (hereinafter – the Company, Ana Global) is a company that has
created a brand concept consisting of skincare products in South Korea. Now the
founder of the Company intends to open the production factory in Kazakhstan
focused on B2B business.
Goal:
The Company is going to run a high quality licensed cosmetic and beauty care
product manufacturing company whose services will be provided for the best Korean
cosmetic companies, and end products will be sold in Kazakhstan. The target clients
are not limited by Korean companies only. After successful implementation of the
project and following a positive reputation on the new market, the Company expects
further interest from the side of European, Russian, and other brands whose products
are in demand on the Kazakh market. The Company intends to build a business that
will be listed amongst the top 20 cosmetic and beauty care brands in the CIS.
The following business plan explains the Company’s potential market, value
proposition, and competitiveness of the project. The financial part provides a detailed
view of its sales and profit forecasts as well as financial indicators of the project. Our
evaluation of business will include strategy analysis and financial plans.
Gabdullina, B. Medeubekova, L. Umurzakova, M. Kuttybayeva, U. (2019). Cosmetics Production Under OEM&ODM License. Nazarbayev University, Graduate School of Business
http://nur.nu.edu.kz/handle/123456789/7482
Type of access: Restricted
Skin care
B2B
COSMETICS PRODUCTION UNDER OEM&ODM LICENSE
oai:nur.nu.edu.kz:123456789/74832023-11-29T10:14:00Zcom_123456789_98com_123456789_67col_123456789_7455
00925njm 22002777a 4500
dc
Galimzhanova, Assel
author
Tursyngali, Gulmira
author
Amirova, Raikhan
author
Appassov, Talgat
author
2019-12-10
Since the growth of core telecommunication services slowed down during the
last several years, Veon Ltd., the owner of Beeline Kazakhstan, decided to redefine
its strategy to remain competitive in the market and secure new revenue streams.
Due to its partnership with Microsoft, Veon is planning to become Cloud Solutions
provider to the corporate customers for products such as Microsoft Azure, Office
365, Skype for Business, Dynamics CRM, and Enterprise Mobility Suite. Along
with other products, these will be offered in a single package of mobile and fixed
services that the company provides to its corporate clients. Veon has identified small
and medium-sized enterprises (SME) as its primary target segment.
This project conducts a marketing analysis of Veon’s selling strategy of the
new products. Based on the findings from market research, detailed
recommendations are given for revising the marketing strategy.
Galimzhanova, A. Tursyngali, G. Amirova, R. Appassov, T. (2019). Microsoft Azure Product Launch IN Kartell LLP (Beeline Brand). Nazarbayev University, Graduate School of Business
http://nur.nu.edu.kz/handle/123456789/7483
Type of access: Restricted
Kartel LLP
Beeline brand
telecommunication
Veon
MICROSOFT AZURE PRODUCT LAUNCH IN KARTEL LLP (BEELINE BRAND)
oai:nur.nu.edu.kz:123456789/74842023-11-29T10:16:46Zcom_123456789_98com_123456789_67col_123456789_7455
00925njm 22002777a 4500
dc
Sarsenbayeva, Aigul
author
Kussainova, Assel
author
Shalakhmetova, Zarina
author
Kulzhanova, Zhanar
author
2019-12-10
This practicum project aims at providing “Green TAL” LLC company (referred further as Green TAL) with a research on profitability of an expansion project and developing a business plan, as well as at resolving some existing issues with regard to motivation of employees and improving management relationship with employees.
“Green TAL LLC” is a unique and a pioneer company in the area of social entrepreneurship in Astana that sets as its main task as to create jobs for disabled and disadvantaged people. The company was established in 2015. It went through certain transformations and currently is looking for an expansion as well as on improvement of its managerial effectiveness.
Expansion project represents a plan on construction of a new detached site, at present Green TAL is located in a daytime healthcentre for mentally disabled people. This site will include workshops, mushroom incubator, a dormitory for freshmen, a training centre and a canteen. Workshops will be expanded. This will be achieved through training and employment of people from vulnerable social groups (people with disabilities, graduates from orphanages, single mothers, ex-convicts) with potential employment in total of about 110 people.
The business plan that our team has developed quantifies profitability of the new expansion project. To assess project’s profitability, as well its ability to meet its operation expenditures, we use the concept of net present value (NPV). It was found out that NPV of the project is 7.7 mln KZT. However this withstands only in case Green TAL will be able to find sufficient number of orders. Therefore proper marketing strategy should be developed and implemented.
To ensure profitability we also recommend for Green TAL to order market research about its products and hire specialist on marketing and sales, technical consultations/audit.
Given the NPV and social benefit of the project, we conclude that the project should be undertaken and it will be attractive to the local government and potential investors/donors. After ensuring allocation by local authorities a land for construction of the site, Green TAL should start approaching potential investors/donors and launch negotiation process with them.
For the purposes of conducting research on how to improve managerial effectiveness we had developed a questionnaire on motivation of employees and their feelings towards management. Then based on this questionnaire we conducted face-to-face interviews with 24 employees in all existing workshops.
As a result of the interview sessions we concluded that most of employees, especially mentally disabled, satisfied with the current situation. Financial benefit is not their main motivator. They look for stability, sense of belonging to a community, self dependence and capability in earning money, sense of being needed, learning new skills, and fair treatment as equals not disabled.
Thus in order to enhance employee motivation we recommend conducting on a regular basis team building events and trainings including on basic literacy, and provide face-to-face sessions with psychologists, especially for those with alcohol addiction, and workshops on creativity. In order to ensure good quality of work, to use encouragement and stimulation, including financial, rather than financial punishment.
Sarsenbayeva, A. Kussainova, A. Shalakhmetova, Z. Kulzhanova, Zh. (2019). Business Plan for “Sheksiz Alem” Project by “Green Tal Llc” Company and Improvement of Its Managerial Effectiveness Through Motivation of Employees. Nazarbayev University, Graduate School of Business.
http://nur.nu.edu.kz/handle/123456789/7484
Type of access: Restricted
Green TAL
BUSINESS PLAN FOR “SHEKSIZ ALEM” PROJECT BY “GREEN TAL LLC” COMPANY AND IMPROVEMENT OF ITS MANAGERIAL EFFECTIVENESS THROUGH MOTIVATION OF EMPLOYEES
oai:nur.nu.edu.kz:123456789/74862023-11-29T10:18:54Zcom_123456789_98com_123456789_67col_123456789_7455
00925njm 22002777a 4500
dc
Ibrayeva, Madina
author
Meiremkhanova, Malika
author
Sunuaikina, Olga
author
2019-12-10
The main aim of this practicum project is to help Geometry develop a Business
Intelligence solution for small and medium enterprises and its marketing strategy.
Using the company’s experience in previous projects, the team identified key
performance indicators and developed management dashboards for three industries -
fitness, distribution, and restaurants - with two levels of complexity. In order to
prepare a marketing strategy, the team conducted surveys of current and potential
customers both phone and online. The team used the following frameworks for the
analysis of the problem: SWOT, Porter’s Five Forces, and Marketing Mix (4 P’s).
The key findings from the analysis led the team to recommend the company
to choose between one of the following two strategies. Strategy one: focus on only
two segments of potential clientele: medium and large enterprises and offer two
products: basic Monitor BI analytical dashboard for medium enterprises and
customized BI analytical dashboards for large enterprises. Strategy two: target all
segments of clientele: small enterprises with the Basic Monitor solution, medium
enterprises with premium Monitor and large businesses with customized BI
analytical dashboards.
Ibrayeva, M., Meiremkhanova, M. & Sunyaikina, O. (2019). Project Monitor for GEOMETRY, LLP. Nazarbayev University, Graduate School of Business
http://nur.nu.edu.kz/handle/123456789/7486
Type of access: Restricted
Geometry
Business Intelligence solution
PROJECT MONITOR FOR GEOMETRY, LLP
oai:nur.nu.edu.kz:123456789/74882023-11-29T10:20:11Zcom_123456789_98com_123456789_67col_123456789_7455
00925njm 22002777a 4500
dc
Tolegen, Aigerim
author
Uskenbayev, Azamat
author
Ablezov, Bauyrzhan
author
Koshanova, Nassipzhan
author
2019-12-10
This thesis is dedicated to the valuation and financing of cotton processing plants in South Kazakhstan. The project is fully analyzed using situational analysis. For valuation DCF approach was used as per internal procedures of BV Management Company, which provides investment funding for firms under venture agreement. The project aim is to raise additional financing that is required to supplement working capital.
Tolegen, A. Uskenbayev, A. Ablezov, B. Koshanova, N. (2019). Valuation and Financing of Cotton Processing Plants. Nazarbayev University, Graduate School of Business.
http://nur.nu.edu.kz/handle/123456789/7488
Type of access: Restricted
Cotton processing plants
VALUATION AND FINANCING OF COTTON PROCESSING PLANTS
oai:nur.nu.edu.kz:123456789/74892023-11-29T10:22:47Zcom_123456789_98com_123456789_67col_123456789_7455
00925njm 22002777a 4500
dc
Uteshov, Daniyar
author
Zharmagambet, Zhuldyz
author
Serikova, Zhuldyz
author
2019-12-10
This project is devoted to study the issue of launching a new product on
the market of Kazakhstan. During reading the project you will know about the
product, stakeholders, all analysis held to answer the main questions of the
project and overall recommendations for the project future.
Product: Saumet is a new para-pharmaceutical product that has a DNAprotective effect to protect the body from the negative effects of external and
internal environmental factors and the correction of dystopian disorders of
various etiology, based on natural mare's milk.
Key stakeholders: State- source of funding and project initiator, PI “National
Laboratory Astana” - developer, LLP “Evrazia Invest LTD”- manufacturer and
holder of all business processes.
Research problem: The main question of the business owners is how to
maximize profit on the project after its launch. The question is too broad and
requires deep research. Due to time constraints and lack of information from
key stakeholders, the scope of the project has been reduced. We will investigate
part of the research problem and narrow the geographic region of the project to
Kazakhstan’s market only. So, there are four questions to be answered:
1. What are the main opportunities and threats of the project for the
Kazakhstan’s market?
2. How attractive is the product for Kazakhstan’s consumers?
3
3. In view of competition, economic and other factors, how should the
product be priced?
4. What would be appropriate channels for Distribution of the product?
To investigate the project we used methodology such as: literature
overview, frameworks from our FTMBA courses such as Marketing
Management, Strategy, Corporate finance, Rising capital and Valuation. We
have done such analysis as Three Cs, STP (segmentation, targeting,
positioning), Four Ps, PESTEL, SWOT and etc. To investigate whether the
project is financially attractive, we have made valuation of it and such
indicators as NPV and WACC will show the result. The project was calculated
on the attractiveness of the project and calculated such indicators as NPV,
WACC. In section Key findings, there are such findings as consumer behavior
patterns, trends followings, benchmarks for product and competitor analysis
where shown absence of similarities which cause difficulty to make comparison
and analyze. As for the financial part, the main finding is unclarity with costs
and method to identify right price for product. In conclusion you will be
introduced to how we could answer the questions which were set up by research
problem. The recommendations section describes the areas for further research
Uteshev, D., Zharmagambet, Zh. & Serikova, Zh. (2019). Marketing Strategy for New Para-pharmaceutical Product “SAUMET”. Nazarbayev University, Graduate School of Business.
http://nur.nu.edu.kz/handle/123456789/7489
Type of access: Restricted
Para-Pharmaceutical Product “Saumet”
MARKETING STRATEGY FOR NEW PARA-PHARMACEUTICAL PRODUCT “SAUMET”
oai:nur.nu.edu.kz:123456789/74912023-11-29T10:29:53Zcom_123456789_98com_123456789_67col_123456789_7455
00925njm 22002777a 4500
dc
Makatova, Aisulu
author
Zhanguttinova, Assem
author
Akhmet, Aibek
author
Mamyrbayev, Ualikhan
author
2019-12-10
This paper intends to help Beeline Kazakhstan in expanding its portfolio of
Internet of Things solutions to businesses in Kazakhstan. First part of the report
compares alternatives on the market of IoT and evaluates the Connected Cars for
usage-based insurance market as a chosen opportunity. The second part of the report
delivers an analysis of the commercial viability of the project, outlines the value
proposition to stakeholders and offers market entry strategies. The main issue
associated with the project is the initial costliness of the offered solution through
third-party partners that reduces the project’s commercial viability. The final
recommendation for the company includes communicating value created to car
drivers and insurance companies, giving data-driven recommendations for the
product, price, place and promotion and offering additional ways to monetize
offered solutions.
Makatova, A. Zhanguttinova, A. Akhmet, A. Mamyrbayev, U. (2019). BEELINE KAZAKHSTAN IOT Solution for Autoinsurers. Nazarbayev University, Graduate School of Business.
http://nur.nu.edu.kz/handle/123456789/7491
Type of access: Restricted
Beeline Kazakhstan
BEELINE KAZAKHSTAN IOT SOLUTION FOR AUTOINSURERS
oai:nur.nu.edu.kz:123456789/74932023-11-29T10:32:45Zcom_123456789_98com_123456789_67col_123456789_7455
00925njm 22002777a 4500
dc
Suraganov, Ayat
author
Sagadiyeva, Aigerim
author
Kuanyshbaiuly, Mukhtar
author
2019-12-10
Objective of the practicum project is to provide management and financial consulting to help improve performance and efficiency of the startup ReLive by First Project. ReLive is an innovative solution for the rehabilitation of patients after a stroke, which includes a device for reading electroencephalographical (EEG) signals, software for reading and recognition of EEG signals, microcontroller, and upper limbs exoskeleton.
The practicum project was conducted by Bake partnership represented by Full time MBA students of Nazarbayev university. It involves quantitative and qualitative data, critical assessments of the project, risk analysis and financial forecast.
The result of the practicum project involves key findings, recommendations and implementation plan for the company.
Suraganov, A., Sagadiyeva, A. & Kuanyshbaiuly, M. (2019). Neurorehabilitation Robotic Artificial Intelligence Platform. Nazarbayev University, Graduate School of Business.
http://nur.nu.edu.kz/handle/123456789/7493
Type of access: Restricted
EEG signals
startup ReLive
First Project
NEUROREHABILITATION ROBOTIC ARTIFICIAL INTELLIGENCE PLATFORM
oai:nur.nu.edu.kz:123456789/74942023-11-29T10:35:55Zcom_123456789_98com_123456789_67col_123456789_7455
00925njm 22002777a 4500
dc
Heuijin, Lee
author
Irgaliyeva, Dana
author
Mshanov, Nurlan
author
Toleu, Manarbek
author
2019-12-10
Qazaq Air was launched in 2015 as a regional airline to support
government’s task to enhance safety and accessibility of interregional air traffic
aiming to boost economic development. Currently, the company is undergoing
the transition from the stage of formation to the stage of active development.
Although the company demonstrated a dynamic growth in recent years, they are
in serious deficit in operational profit amounting to almost 7 billion KZT.
Given that, Qazaq Air is seeking for new destinations to improve the
operational profits and enhance flight operation. After careful analysis of the
airline industry and the company’s operations, the practicum team applied several
models for implementation to enhance the Qazaq Air performance. The pricing
model theory was used for most profitable route monopolized by the company
and the newsvendor model was used to improve the least profitable route.
Moreover, based on the performance indicators derived from the data analysis a
new route network is recommending subsidized routes.
Heuijin, L. Irgaliyeva, D. Mshanov, N. Toleu, M. (2019). Optimization of Route Network to Enhance Operational Efficiency of Qazaq Air. Nazarbayev University, Graduate School of Business.
http://nur.nu.edu.kz/handle/123456789/7494
Type of access: Restricted
Qazaq Air
airline
OPTIMIZATION OF ROUTE NETWORK TO ENHANCE OPERATIONAL EFFICIENCY OF QAZAQ AIR
oai:nur.nu.edu.kz:123456789/74952024-02-22T05:08:11Zcom_123456789_98com_123456789_67col_123456789_7455
00925njm 22002777a 4500
dc
Abbas, Syed Muhammad
author
Atti, Daystar Selorm
author
Dana, Kanafina
author
2022-12-14
This paper sheds light on potential solutions to an ever-growing problem of Carbon Dioxide CO2 emissions due to their adverse effects on the climate and business activities. The case in the picture is Eurasian Resources Group (ERG) - one of the top industrial enterprises in Kazakhstan. It was founded in December 1995 as one of the world's largest and most diversified businesses in mining and processing natural resources. It has fully integrated energy, transportation, and marketing operations. As of 2021, the group’s collective emissions stood at 31.5 million tonnes of CO2. Since ERG exports its products to the outside world, mainly European Countries, its business is widely affected by the laws and regulations of the importing countries. One such regulation is the Carbon Border Adjustment Mechanism by European Parliament which drew guidelines from the Paris Agreement supervised by the United Nations. As the scrutiny and regulations increase on carbon emissions, countries and jurisdictions are popping up with the penalizing mechanism known as Carbon Pricing or Tax. Many European countries have applied Carbon taxes that range from 1-114 Euros per tonne of CO2. To avoid these taxes, ERG needs to develop ways to reduce its emissions that would allow it to grow further by saving these carbon expenses. There can be several approaches to emissions reduction. For example, the largest source of emissions is the energy generated by coal-fired power plants. If somehow that source is replaced with green energy (Solar, Wind, Hydro, Biofuels), a significant chunk of emissions would disappear. However, due to a lack of infrastructure, it is not now possible to
2
eliminate fossil fuel-based energy. We have looked at alternative ways to reduce emissions and persisted in implementing carbon capture technologies to mitigate the problem for ERG. Over the last decade, several mega players in the industry have increasingly adopted Carbon Capture. To conduct this research, we got secondary data from the ERG and interviewed companies that provide services in the carbon capture space. Three companies were brought to initial and ongoing discussions through email and video conferencing based on the requirements, compatibility, and technical feasibility. The companies are named CO2 Capsol, Carbon Clean, and CO2 Solutions by Saipem. So far, we have received initial pricing from CO2 Capsol and are awaiting responses from Carbon Clean and CO2 Solutions by Saipem. Once we get an answer from all the inquired companies, then after comparing in terms of price, capacity, efficiency, and other technical metrics, ERG will be able to achieve its long-term strategic vision of reducing carbon emissions by using the expertise of the above-mentioned top companies in the carbon capture sphere. It will also help ERG to boost its Environmental, Social, and Governance (ESG) scores, allowing it further get investments and strengthen stakeholders’ support. As it is a work in progress, the study and communication between the companies will materialize into an effective solution in the coming years.
Abbas, S.M., Atti, D.S. Kanafina D. (2022). Carbon Footprint in the Industry of Eurasian Resources Group (ERG) and Development of its Strategy Model. Nazarbayev University, Graduate School of Business
http://nur.nu.edu.kz/handle/123456789/7495
Type of access: Restricted
Eurasian Resources Group
Carbon Dioxide CO2
CARBON FOOTPRINT IN THE INDUSTRY OF EURASIAN RESOURCE GROUP (ERG) REC AND DEVELOPMENT OF ITS STRATEGY MODEL
oai:nur.nu.edu.kz:123456789/74962023-11-08T21:01:45Zcom_123456789_98com_123456789_67col_123456789_7455
00925njm 22002777a 4500
dc
Aubakir, Ablaikhan
author
Kalmuratova, Aigerim
author
Nurzhaubayeva, Aishabibi
author
Adilkhan, Arslan
author
2022-12-14
This paper examines alternatives and recommendations for the commercialization of the international IT technopark "Astana Hub". Astana Hub established in 2018 operates on the basis of government funding and provides its services on a free-of-charge basis. To become a self-sustainable organization, the technopark plans gradual commercialization via the provision of paid services.
Investigating data from interviews with heads of Astana Hub structural units, materials on Astana Hub services and products, financial statements, and essentially study on commercialization models of similar technoparks around the world, this study demonstrates that Astana Hub possesses the necessary resources and services for commercialization.
The analysis showed that Astana Hub's currently available products ensure several commercialization options. The most viable options could be the adjustment of the current revenue generation model, switching the business incubation program's compensation from Revenue Sharing to an Equity Stake model, and establishing a syndicate investing initiative with Astana Hub's partners.
The paper provides recommendations for commercialization model and key measures for its successful implementation.
Aubakir, A. Kalmuratova, A. Nurzhaubayeva, A. Adilkhan, A. (2022). Astana Hub Commercialization Project. Nazarbayev University, Graduate School of Business
http://nur.nu.edu.kz/handle/123456789/7496
Type of access: Restricted
IT technopark "Astana Hub"
ASTANA HUB COMMERCIALIZATION PROJECT
oai:nur.nu.edu.kz:123456789/74972023-11-08T21:01:46Zcom_123456789_98com_123456789_67col_123456789_7455
00925njm 22002777a 4500
dc
Aidar, Aigerim
author
Zhanbulatova, Asel
author
Toxambayeva, Nuriza
author
2022-12-14
Global polyethylene production and widespread use poses a threat to the environmental situation in the world. Only in 2018, the global manufacturing of plastics exceeded the 3.59 billion tonnes threshold (Zhu and Wang, 2020). Kazakhstan is not an exception. According to National Bureau of Statistics, in 2021, Kazakh manufacturers produced over 54 thousand tons of polyethylene bags. It is estimated worldwide that by 2050, half of post-consumer waste of 26 billion tonnes in plastic will be abandoned in the open environment. Such an environmental disaster will create a perpetual waste management issue (Guglielmi, 2017). A social project Uly Dala LLP was established with the aim to manufacture a suitable alternative for polyethylene bags and eliminate the vast waste from consumer use. Despite the noble goal, the company faces several challenges, one of which is to increase the sales and profit of the company. Currently, Uly Dala LLP operate at negative profit.
Established in March 2019, social project Uly Dala LLP (further Uly Dala) are manufacturers of ecological products made from biopolymers. The company manufactures biobags of various sizes and carrying capacities, garbage bags and disposable gloves for a wide range of uses, including domestic consumption. Biopolymers are produced from granulated organic raw materials (corn agricultural waste). The main advantage of the products made from biopolymers is their
environmental friendliness, which leads to full decomposition into harmless components such as water, humus and carbon dioxide within 100 to 150 days.
Since the beginning of its work, Uly dala has been actively cooperating with the Atameken National Chamber of Entrepreneurs, which provides support to start-up businessmen. Since the employees belong to the group with special needs, their wages are subsidized by the government. The company has also taken concessional lending and doesn't bear rental cost for the place where the manufacturing facilities are operated. One of the problems the company is trying to solve today is negative profits. Biodegradable bags are more expensive than plastic bags. There are not many companies that are motivated to spend more capital on being environmentally friendly. According to the CEO, the bulk of the product sales come from Ukraine and Russia.
Aidar, A., Zhanbulatova A. Toxambayeva, N. (2022). Uly Dala Biodegradable Bags: Financial and Marketing Research Analyses. Nazarbayev University, Graduate School of Business
http://nur.nu.edu.kz/handle/123456789/7497
Type of access: Restricted
Global polyethylene production
ULY DALA BIODEGRADABLE BAGS: FINANCIAL AND MARKETING RESEARCH ANALYSES
oai:nur.nu.edu.kz:123456789/74982023-11-08T21:01:49Zcom_123456789_98com_123456789_67col_123456789_7455
00925njm 22002777a 4500
dc
Abrayeva, Damira
author
Maukenov, Bexultan
author
2022-12-14
Zapis.kz is an online platform with automation system (CRM) in the service and beauty business, as well as a marketplace which helps to connect customers with businesses. Zapis.kz has a website and a mobile app. The platform helps consumers make appointments with any beauty and health professional online.
Customers are both consumers and businesses.
For businesses, Zapis.kz helps to systematize all internal processes and effectively manage all resources.
The company is growing steadily within our country. But now they want to enter the markets of other countries. However, to enter the market of another country, it is necessary to carry out the necessary analyses and market research.
And so, the question arose about growing business in the market of Uzbekistan. Zapis.kz already provides services to one beauty salon, which is in Uzbekistan.
And our team received this request.
We needed to find out how to grow business in the Uzbek market, analyse the number of potential customers, and calculate approximate costs and income.
We carried out market analyses (SWOT, PESTEL analysis, price range of services in beauty salons), also found out what tools are used in Uzbekistan to attract customers and to arrange appointments with them to provide services from beauty salons. We found out the average prices for the services of other necessary specialists to open a branch in Uzbekistan and calculated the costs.
Abrayeva, D. Maukenov, B. (2022). Potential Market Analysis for Uzbekistan. Nazarbayev University, Graduate School of Business
http://nur.nu.edu.kz/handle/123456789/7498
Type of access: Restricted
Zapis.kz
Uzbekistan
POTENTIAL MARKET ANALYSIS FOR UZBEKISTAN
oai:nur.nu.edu.kz:123456789/74992023-11-08T21:01:50Zcom_123456789_98com_123456789_67col_123456789_7455
00925njm 22002777a 4500
dc
Savig, Josiah
author
Kamzabek, Dana
author
Orynbassarova, Nazym
author
2022-12-14
With the unpredictability of weather conditions increasing in recent
decades, colder densely populated areas around the world are struggling to keep
up with the demand to keep their cities clean, businesses operating, and citizens
safe during periods of heavy snowfall. Many developed urban centers rely on a
system of hauling snow outside city limits, though many have been
incorporating or switching entirely to snow melting machines to better meet
residents’ needs. Through data provided by Connected Home and BI Group and
our own research and analysis, we have found that the implementation of certain
snow melting machines may prove to be both economically and ecologically
beneficial, along with alleviating street traffic congestion.
Savig, J., Kamzabek, D. Orunbassarova, N. (2022). Connected Home: Snow Melting Analysis for the City of Astana. Nazarbayev University, Graduate School of Business
http://nur.nu.edu.kz/handle/123456789/7499
Type of access: Restricted
snow melting
Astana
CONNECTED HOME: SNOW MELTING ANALYSIS FOR THE CITY OF ASTANA
oai:nur.nu.edu.kz:123456789/75002023-11-08T21:01:48Zcom_123456789_98com_123456789_67col_123456789_7455
00925njm 22002777a 4500
dc
Issatay, Dariko
author
Zhumabekov, Darkhan
author
Baimyrza, Zhuldyzay
author
Ussenov, Yesset
author
2021-12-13
The long-standing partnership between ADB and Kazakhstan includes also the energy sector. ADB provided various technical assistance grants and advisory support services mostly in the power sector. To date none of Kazakhstan’s development partners have worked and been working with the government in addressing the issues related to the current and future challenges in the coal industry. This study aims to inform the Government of Kazakhstan (GOK) and policy makers about the magnitude of not only existing but also upcoming challenges that coal sector will inevitably face. From the positive side - GOK and other stakeholders do recognize better on the need to move faster with the transition from coal. However, there are not much of discussions on the potential policy options.
This study set out with the objective to provide an overview of the overall situation in the coal industry of the Republic of Kazakhstan, with a focus on how to effectively manage the gradual transition away from coal.
The main part of this study is aimed at examining the transition path from coal in selected group of countries such as Australia, France, Germany, Indonesia, People’s Republic of China and the United Kingdom that may be useful from Kazakhstan perspective. The effects of falling production, worker redundancies, and mine closure have been felt by many communities in both high- and low-income nations. What can be learned from these situations is the subject of this research. It presents the most recent evidence on technological development for more efficient uses of coal. It also touched upon critical socioeconomic and legislative issues that will arise once the transition goes fully underway.
Based on the analysis and research the study attempts arriving to various sector development suggestions, quantify their costs and benefits. Although many of these suggestions might not be realistic to implement in a short period of span, nonetheless the study argues that at least a few short-terms measures in moving forward with transition and out from coal [if adopted] could lay down an important first.
Issatay, D. Zhumabekov, D. Baimyrza, Zh. Ussenov, Y. (2021). Coal Phase-out Transition in Kazakhstan. Recommendations and Suggestions Based on Worldwide Experience. Nazarbayev University, Graduate School of Business
http://nur.nu.edu.kz/handle/123456789/7500
Type of access: Restricted
ADB
Coal phase-out transition
COAL PHASE-OUT TRANSITION IN KAZAKHSTAN. RECOMMENDATIONS AND SUGGESTIONS BASED ON WORLDWIDE EXPERIENCE
oai:nur.nu.edu.kz:123456789/75012023-11-08T21:01:44Zcom_123456789_98com_123456789_67col_123456789_7455
00925njm 22002777a 4500
dc
Kozhageldiyev, Azat
author
Nyssangaliyeva, Ainella
author
Shamshinova, Akmaral
author
Mussina, Dinara
author
Seitova, Merey
author
2021-12-13
"Edil-Oral.kz" LLP has been operating in Kazakhstan since 2009 and has been offering maintenance and repairing services for companies in the oil and gas industry. The company plans to broaden its activities and functions by launching the assembly of electric motors (Explosion Proof) in Kazakhstan. The customers of electric motors are expected to be "Samruk-Kazyna" JSC's subsidiaries and affiliates, and oil and gas operators such as NCOC, TCO, KPO. This project aims to evaluate the viability of the assembly of electric motors in Kazakhstan. In this regard, the team has conducted research based on primary and secondary data, analyzed external and internal environment, developed a financial model to determine NPV and break-even value, and attempted to propose an implementation plan.
The findings of the research and analysis indicate that although the demand for electrical motors exploited in the oil and gas sector seems scarce (1 high-voltage and 39 low-voltage motors), the industry is still attractive due to inconsiderable threat from competitors and new entrants, preference towards the locally producing companies and support from Kazakhstani government. Additionally, as a result of such endeavor, Edil-Oral would provide opportunities for new workplaces and, overall, contribute to the economy of Kazakhstan. The analysis also shows that Edil-Oral possesses the required comprehensive skills and knowledge to organize such an assembly line and resources and capabilities to exhibit competitive advantage.
Kozhageldiyev, A. Nyssangaliyeva, A. Shamshinova, A. Mussina, D. Seitova, M. (2021). Viability of Edil-Oral.kz's Business Model of Expanding the Business to Electric Motors Assembly. Nazarbayev University, Graduate School of Business
http://nur.nu.edu.kz/handle/123456789/7501
Type of access: Restricted
"Edil-Oral.kz" LLP
VIABILITY OF EDIL-ORAL. KZ'S BUSINESS MODEL OF EXPANDING THE BUSINESS TO ELECTRIC MOTORS ASSEMBLY
oai:nur.nu.edu.kz:123456789/75022023-11-08T21:01:52Zcom_123456789_98com_123456789_67col_123456789_7455
00925njm 22002777a 4500
dc
Barlybayev, Aktore
author
Kalmen, Assel
author
Momynov, Assylbek
author
Gafarova, Dilyana
author
Armiyeva, Nurgul
author
2021-12-13
Estet Dentistry Clinics is a family-owned business established in Karaganda more than twenty years ago, which has its branch in Nur-Sultan. Currently, the management of the clinics is planning to expand and open the second larger dental clinic in Nur-Sultan as the first branch is already working at its full capacity. However, the main question is to find a way to launch a new larger branch in Nur-Sultan more efficiently as well as to optimize and improve existing business processes. The purpose of this report is to analyze and solve their current issues, figure out the strengths, weaknesses, opportunities, and threats of the clinics, and develop an action plan based on the recommendations provided. To answer the research question, the qualitative and quantitative data from primary and secondary resources were used.
Barlybayev, A. Kalmen, A. Momynov, A. Gafarova, D. Armiyeva, N. (2021). Expansion Strategy of Estet Dentistry Clinics. Nazarbayev University, Graduate School of Business
http://nur.nu.edu.kz/handle/123456789/7502
Type of access: Restricted
Estet Dentistry Clinics
Karaganda
EXPANSION STRATEGY OF ESTET DENTISTRY CLINICS
oai:nur.nu.edu.kz:123456789/75032023-11-08T21:01:55Zcom_123456789_98com_123456789_67col_123456789_7455
00925njm 22002777a 4500
dc
Dunayev, Adil
author
Zhakenova, Assel
author
Bekmukhambet, Dinara
author
Ilyassova, Vera
author
Abutalipov, Yeldar
author
2022-12-14
GreenTAL is social entrepreneurship based in Nur-Sultan, that employs a socially vulnerable category of population, with the branch in Pavlodar city. The main goal of this business is to employ people from socially vulnerable groups and create value, namely, manufacturing wooden eco toys. GreenTAL manufactures different goods from wood and textile, but its Pavlodar branch specifies on producing wooden toys, and the goal of our project was to suggest an expansion strategy for the company, that would focus on the wooden toys market and make a description of the internal processes to open up local manufacturing branches similar to Pavlodar branch in other regions of Kazakhstan, as well as to address process optimization issues, investigate revenue streams and recommend on marketing strategies. As a result, we used skills that we acquired during our MBA studies to conduct market research and internal and external analysis and provide a set of recommendations on an expansion strategy, as well as described internal procedures, created job descriptions, redesigned website, and helped to get support from the government to get listed on Alibaba B2B marketplace.
Dunayev, A. Zhakenova, A. Bekmukhambet, D. Ilyassova, V. Abutalipov, Y. (2022). Recommendations on expansion Strategy of Greental Social Entrepreneurship
http://nur.nu.edu.kz/handle/123456789/7503
Type of access: Restricted
GreenTAL
RECOMMENDATIONS ON EXPANSION STRATEGY OF GREENTAL SOCIAL ENTREPRENEURSHIP
oai:nur.nu.edu.kz:123456789/75042023-11-08T21:01:58Zcom_123456789_98com_123456789_67col_123456789_7455
00925njm 22002777a 4500
dc
Yertayeva, Assylayim
author
Muzatova, Aikerim
author
Zhumabekova, Marzhan
author
Kaliyev, Aibek
author
Burkhanova, Madina
author
2021-12-13
Naimi.kz is a platform-based company that provides diverse types of online on-demand services in Kazakhstan. Meetings with the company representatives drew us to the conclusion that Naimi.kz is a leading player in this field with a wide customer base. The purpose of this report was to consider the expansion of Naimi.kz domestically and internationally.
We decided to start our research with internal analysis. Digital platforms such as Naimi.kz have to deal with common challenges in both domestic and international markets (e.g., high degree of network clustering, vulnerability to multi-homing, and high risks of disintermediation), and most of these challenges are likely to become aggravated when platforms expand internationally. Accordingly, we leveraged the available data on Kazakhstani market to first gain an in-depth understanding of Naimi.kz’s key vulnerabilities and corresponding strategies, which will not only be valuable for the company to strengthen its competitive position domestically but also essential for it to devise an appropriate growth strategy internationally.
The company has got off to a good start, developed smoothly over the past 6 years and is currently running into a more intensive competitive landscape. Currently, there are many competitors in the market, some of which are internationally recognized, even if they are inferior to Naimi.kz in terms of the quality of services provided. According to the recent study by the “Brif Research Group” (2021) on 2,002 Kazakhstani people aged 18-55 throughout 14 regional centers and 3 cities of republican significance, Naimi.kz ranks third in terms of both the level of spontaneous awareness (20%), and level of knowledge with a hint (60%), well behind OLX and Market.kz. Additionally, the share of the actual regular users of Naimi.kz is much lower than the rate of awareness about the company—only 12% of the respondents use Naimi.kz compared to the 70% usage rate of OLX.
So, these observations lead us to the research question—what would be a good growth strategy for Naimi.kz to succeed and become a market leader in the domestic and international markets? The internal analysis of the company as well as the analysis of the competitive landscape of the Kazakhstani market will be delineated below in the report and will help to answer the question in place.
Yertayeva, A., Muzatova, A., Zhumabekova, M., Kaliyev, A., Burkhanova, M. (2021). Growth strategy for a platform-based company Naimi.kz. Nazarbayev University, Graduate School of Business
http://nur.nu.edu.kz/handle/123456789/7504
Type of access: Restricted
naimi.kz
platform-based companies
digital platforms
hiring platform analysis
GROWTH STRATEGY FOR A PLATFORM-BASED COMPANY NAIMI.KZ
oai:nur.nu.edu.kz:123456789/75372023-11-29T21:01:16Zcom_123456789_98com_123456789_67col_123456789_7455
00925njm 22002777a 4500
dc
Elmira, Bakytkhanova
author
Aigerim, Samarkhanova
author
Ulpa, Nazar
author
Aryslan, Aitbayev
author
2023-11-23
This practicum project explores the unique needs of "Qazaq National
Product" LLP, a specialized industrial safety consulting company in Kazakhstan.
The company has specified key outcomes, including the development of a
competency model and enhancements to the regulations governing the employee
performance evaluation system, all based on this model. The company's strategic
objective includes the establishment of an assessment center to enhance candidate
selection, assess employee potential, and build a robust talent pool.
The research methodology involved an in-depth analysis of internal
standards, extensive stakeholder consultations, and empirical data gathering to
pinpoint pivotal competencies critical to success in industrial safety consulting.
The proposed competency model offers a strategic framework for identifying
high-potential employees and establishing a robust talent pipeline.
The practicum project incorporates two distinct methodologies,
Psychological Capital (PsyCap) and the International Project Management
Association (IPMA), to assess employee competencies. PsyCap focuses on
positive psychological attributes contributing to employee well-being and
performance, while IPMA emphasizes project management competencies
3
aligning with the company's project-oriented structure. Surveys were designed to
assess project managers, covering job satisfaction, leadership, and PsyCap.
The strategic analysis tools, including SWOT analysis, Porter's Five Forces,
and the 7S framework, provide insights into the company's internal and external
factors. The SWOT analysis identified strengths such as technical expertise and
financial support, weaknesses like underdeveloped incentive systems,
opportunities in developing a project management system, and threats related to
changes in the CIS markets.
The research question focuses on evaluating the effectiveness of the current
assessment center at QNP Education, aiming to improve the employee
performance evaluation system based on the developed competency model. The
methodology utilizes Psychological Capital and IPMA, with three surveys
designed for project managers. IPMA's "Eye of Competence" model categorizes
competencies into People, Practice, and Perspective, providing a comprehensive
framework for assessment.
The situation analysis delves into the history and structure of Qazaq
National Product, its mission, and the specific challenges it faced, leading to the
collaboration with the Nazarbayev University Graduate School of Business for
consultancy on the creation of an assessment center.
4
The practicum project proposes a research question focused on evaluating
the effectiveness of the current assessment center implemented by QNP Education
for identifying core competencies in employees. The findings indicate the
integration of PsyCap and IPMA in the competency model, aligning with best
practices in assessing psychological attributes and project management
competencies.
The recommended methodology involves using an integrated approach that
combines continuous competency review, enhanced data analytics, and phased
360-degree feedback implementation. This comprehensive strategy is designed to
enhance the assessment center's effectiveness and align with the organization's
strategic goals.
The measures of effectiveness are categorized into the customer, internal,
innovation and learning, and financial perspectives of the Balanced Scorecard.
They highlight the impact of assessment centers on employee competence,
customer satisfaction, talent management, employee development, training, and
cost efficiency.
Bakytkhanova, E. et al. (2023). Creation of Assessment Center for QNP Company. Nazarbayev University, Graduate School of Business
http://nur.nu.edu.kz/handle/123456789/7537
Competency Model
Industrial Safety Consulting
Assessment Center
Balanced Scorecard
Type of access: Restricted
CREATION OF ASSESSMENT CENTER FOR QNP COMPANY
oai:nur.nu.edu.kz:123456789/75322023-11-29T21:01:16Zcom_123456789_98com_123456789_67col_123456789_7455
00925njm 22002777a 4500
dc
Dinara, Mussayeva
author
Saltanat, Sanakbek
author
Abylay, Adambayev
author
Assylkhan, Korzhumbayev
author
2023-11-23
The research paper provides a specific overview of an unique educational
co-working space approach, combining “Your English School” (YES) educational
center and “Barista” coffee shop. Our collaborative workspace solution includes
the identification of the number and type of courses and the pricing policy that
ensures the project's growth and sustainability.
Informed with SWOT, Marketing research, and Net Present Value (NPV)
analysis, the strategy involves introducing preparation courses for enrollment to
Nazarbayev Intellectual Schools (NIS), Republican Physics and Mathematics
School (RPMS), and Bilim Innovation Lyceum (BIL) schools, responding to a
notable demand from market dynamics and customer preferences. We're
recommending a pricing approach, initially aiming for 100,000 KZT per month per
course.
Justified by positive Net Present Value (NPV) over a five-year projection
period, there's also a suggestion to lease a 500 sq.m. office space, requiring an
initial investment of 50 million KZT. The breakeven calculation indicates that YES
Educational Center needs to deliver 4,104 courses at an average price of 74,216
KZT per course to cover costs and reach the breakeven point.
3
Given the established business and operational processes of the "Barista"
coffee shop, the proposal suggests that a Coworking educational center should
offer a dedicated facility to the “Barista” coffee shop by providing a rented space
specifically designed for catering purposes. Moreover, this will help avoid
complexity between mixing the two business lines in terms of profits and losses
tracking.
To further broaden the scope of the business, it is advised to explore the
potential of renting out underutilized spaces and venturing into training courses for
enrollment to domestic and international universities. The main objective is not just
to maintain competitiveness but to build a strong base for continuous growth and
success while maintaining financial feasibility.
The research paper introduces a balanced scorecard and strategy map,
aligning objectives with specific measures and targets across financial, customer,
internal process, and learning and growth perspectives. Moreover, the paper
provides a comprehensive Implementation Plan for establishing an educational
co-working space. The proposed actions are tailored to meet the evolving demands
of the education market, positioning the project for long-term success and
community impact.
Mussayeva, D. et al. (2023). Combining YES Educational Center and Barista Coffee Shop in Co-working Zone. Nazarbayev University, Graduate School of Business
http://nur.nu.edu.kz/handle/123456789/7532
Type of access: Embargo
COMBINING EDUCATIONAL CENTER YES (YOUR ENGLISH SCHOOL) AND COFFEE SHOP “BARISTA” IN CO-WORKING SPACE
oai:nur.nu.edu.kz:123456789/75332023-11-29T21:01:18Zcom_123456789_98com_123456789_67col_123456789_7455
00925njm 22002777a 4500
dc
Asselya, Bizhanova
author
Gulnaz, Dyussupzhanova
author
Madina, Balashova
author
Nazerke, Karebayeva
author
2023-11-23
This report presents an analysis of the Treeple company, a travel
marketplace based in Kazakhstan, as the part of a practicum project conducted by
the Master of Business Administration students of Nazarbayev University
Graduate School of Business.
Treeple is a travel marketplace platform established in early 2023 in
Kazakhstan. It operates as a service connecting local tour operators with potential
customers. It is a seed-stage startup that faces challenges such as low brand
awareness, high customer acquisition cost, low retention rate and operational
difficulties. The project focuses on the expansion strategy of Treeple in
Kazakhstan. The aim of the project is to identify possible strategic directions for
development and increase profitability.
Firstly, we analyzed the tourism industry in Kazakhstan. It allowed us to
identify the current state of local tourism. We conducted the survey among
foreigners and citizens to identify the general attitude and trends in local tourism.
Secondly, we analyzed the company’s internal processes and competitors. We
also conducted interviews with Treeple partners to know the Treeple’s share in
their revenue and to identify tour operators' needs. The CEO of the company had
an idea to offer products like customized CRM for tour operators, white label
websites, data analytics about travel trends, connection of tour operators with
service providers, and quality verification. Based on the interviews, we identified
3
the lack of interest for such kinds of products. We calculated the income statement
and NPV of the company by using the data given by the CEO of the company.
We calculated the average customer acquisition cost and average customer
lifetime value. Finally, as a result, we developed recommendations and classified
them into categories such as commission, marketing, value creation for customers,
operations, and additional revenue streams. The new NPV calculation was
developed based on our recommendations.
Bizhanova, A. et al. (2023). Business Strategy for the Treeple Startup Expansion in Kazakhstan. Nazarbayev University, Graduate School of Business
http://nur.nu.edu.kz/handle/123456789/7533
Type of access: Restricted
BUSINESS STRATEGY FOR THE TREEPLE STARTUP EXPANSION IN KAZAKHSTAN
oai:nur.nu.edu.kz:123456789/75342023-11-29T21:01:20Zcom_123456789_98com_123456789_67col_123456789_7455
00925njm 22002777a 4500
dc
Adil, Zakenov
author
Aizhan, Ospanova
author
Anuar, Andasbayev
author
Arsen, Galimzhanov
author
Maria, Hong
author
2023-11-23
In the rapidly advancing digital era, education and training have transcended the
confines of the conventional classroom. The emergence of EdTech platforms,
which leverage electronic technologies to deliver educational content beyond
traditional classroom boundaries, has revolutionized global learning and skill
development. German-based company Mersys offers educational institutions its
own solution to ease the process of education with the Campus learning
management system (LMS). Mersys focuses on offering worldwide access to top-
tier education, with a particular emphasis on emerging markets. Being already
present in Kazakhstan, particularly in schools of Astana, Mersys wants to increase
its share in other regions of the country too. The main question that arises though is
why Mersys is not selling well. If Kazakhstan is an attractive space to operate in,
what go-to-market strategy should the company choose for expansion? The aim of
this study is to help Mersys identify Campus’ competitive advantage, define its
customer segment, and determine the pricing strategy to grow across the
Kazakhstan educational market. Furthermore, it is necessary to determine whether
Mersys should enter the market on its own or through a distributor, whose
responsibility is to be in charge of sales and provide servers. Key findings of
primary and secondary data showed that Kazakhstan can be considered as a
moderately attractive market with high barriers of competition and strong power of
2
customers, yet relatively moderate obstacles to enter. Also, it is a common practice
in schools and other educational centers to use several other EdTech platforms.
Analyses of competitors revealed that among local widely used LMS and student
information system companies, the admissions module is underserved. Pricing
analysis revealed the recommended minimum price and benefits of entering the
market with a partner, while also helping to determine the pricing strategy for both
short-term and long-term phases.
Zakenov, A. et al. (2023). Go-to-market Strategy for Mersys Europe to enter the educational sector in Kazakhstan. Nazarbayev University, Graduate School of Business
http://nur.nu.edu.kz/handle/123456789/7534
Type of access: Open Access
GO-TO-MARKET STRATEGY FOR MERSYS EUROPE TO ENTER THE EDUCATIONAL SECTOR IN KAZAKHSTAN
oai:nur.nu.edu.kz:123456789/75362023-11-29T21:01:20Zcom_123456789_98com_123456789_67col_123456789_7455
00925njm 22002777a 4500
dc
Aigul, Musrepova
author
Fatima, Omarova
author
Amina, Bimagambetova
author
2023-11-23
This academic paper explores a dual-focused investigation aimed at
enhancing the quality of university education, specifically addressing the
organization of annual student internships and the development of the “Code &
Travel” program at IT Park University (ITPU), an online institution founded by
EPAM Systems in Uzbekistan.
The first aspect of this study delves into a detailed analysis of the best
practices employed by universities worldwide for organizing annual student
internships at the end of each academic year. This part of the research
encapsulates the findings, strategies, and techniques that leading universities
employ to enhance the educational experiences of their students and prepare
them for the professional world.
The second component introduces the groundbreaking “Code & Travel”
initiative, designed to offer ITPU students international internship opportunities
in leading IT companies, akin to the concept of the “Work & Travel” program in
the USA.
Our collaboration with EPAM Systems sparked the inception of this joint
initiative, as we explored possibilities for cooperation, ultimately giving rise to
the introduction of this research. Conceived in 2022 (Создан Цифровой
Университет IT-Park University, 2022), the vision for ITPU was to establish a
3
prominent IT university in Central Asia. ITPU enlisted our assistance to
formulate strategic priorities, with a specific emphasis on advancing annual
internships post each academic year. The overarching goal was to glean insights
from global best practices and provide tailored recommendations for the
enhancement of ITPU's educational framework.
During discussions on strategic priorities, the client introduced the
concept of the “Code & Travel” initiative, providing us with the opportunity to
concentrate on this specific project following the broader scope of our initial
work. This visionary program, tailored exclusively for ITPU students in the
realm of IT, took shape as a distinct project.
Musrepova, A., Omarova, F. & Bimagambetova, A. (2023). Expanding Horizons: Research on IT Internship Best Practices and Design of the "Code&Travel" Program. Nazarbayev University, Graduate School of Business
http://nur.nu.edu.kz/handle/123456789/7536
Type of access: Restricted
EXPANDING HORIZONS: RESEARCH ON IT INTERNSHIP BEST PRACTICES AND DESIGN OF THE “CODE & TRAVEL” PROGRAM
oai:nur.nu.edu.kz:123456789/75352023-11-29T21:01:13Zcom_123456789_98com_123456789_67col_123456789_7455
00925njm 22002777a 4500
dc
Zhanat, Balgabayev
author
Ali, Ahmad
author
Assylbek, Dauletzhanov
author
2023-11-23
The business education landscape is always changing, driven by the
changing needs of sectors and the aspirations of individuals trying to progress
their careers. Demand for Master of Business Administration (MBA) programs
has increased significantly in Almaty, reflecting the city's strategic position as a
hub of economic activity. As a master's student at Nazarbayev University's
Graduate School of Business in Astana, this diploma project begins with a
thorough examination of the present set of MBA programs available in the Almaty
market.
The pursuit of an MBA has become a cornerstone for many individuals
seeking to advance in their careers, broaden their skill sets, or embark on
entrepreneurial ventures.
Almaty, being a key economic player in the region, offers a selection of
MBA programs that cater to a wide range of student profiles. Moreover, Almaty
accounts for 34% of all master's degree students in Kazakhstan.
Understanding the details of these programs, such as their duration,
language of instruction, format, and compatibility with industry trends, is critical
for prospective students as well as academic institutions.
The purpose of this research is to delve into the complexities of existing
MBA programs in Almaty, providing a thorough analysis of key attributes such
3
as program duration, language of instruction, format, student profiles, faculty and
facilities, number of courses, specializations, tuition fees, entry requirements, and
graduate profiles. By examining the existing landscape, we want to get significant
insights into how well these programs correspond with current market trends and,
more importantly, discover any noticeable gaps that require correction.
Globally, part-time and online MBA programs are becoming more and
more popular, which means Almaty's programs have a chance to expand their
formats. More flexible learning choices, including online or hybrid courses, can
be provided to meet the demands of working individuals who want to combine
further education with career advancement.
The MBA program at Nazarbayev University may soon be offered in
Almaty, and the study's recommendations are designed with strategic success in
mind. Focusing on professionals in their early to mid-career stages allows
NUGSB to reach a market eager to advance or change directions in their careers.
The proposed program design offers a forward-looking curriculum that is in line
with the trends found in the research, combining classic MBA subjects with
cutting-edge business technologies. The program's capacity to accommodate a
range of learning demands is ensured by its flexibility through the use of online
or hybrid formats, as well as its inclusion of short, intensive courses or modules.
Balgabayev, Zh., Ahmad, A. & Dauletzhanov, A. (2023). Explore the Almaty Market for MBA Programs. Nazarbayev University, Graduate School of Business
http://nur.nu.edu.kz/handle/123456789/7535
Type of access: Restricted
EXPLORE THE ALMATY MARKET FOR MBA PROGRAMS
oai:nur.nu.edu.kz:123456789/75552023-12-27T21:00:15Zcom_123456789_98com_123456789_67col_123456789_828
00925njm 22002777a 4500
dc
Kurmanbay, Alibek
author
Alibek, Bolat
author
2022-12-14
Tax evasion is a serious problem in both developed and developing
countries. In our study, we want to show that banking outreach and the depth and
quality of credit information systems play an important role in decreasing both tax
evasion occurrence and tax evasion degree. Based on the data and methodology
used in the study conducted by Beck et al. (2014), in this thesis, we tried to
replicate and extend the scope of the research. Given the global trend of data
localization, we want to contribute to the scholarly literature by investigating the
impact of localization reforms on both the degree and occurrence of tax evasion.
The laws on data localization often require companies to store commercial data
locally (Panday 2018). According to Bauer et al. (2016), an analysis of 21 EU
member countries' laws on data localization shows that these restrictions apply to
commercial data such as transaction records, accounting records, and tax
documents. Our results show a significant effect of localization reforms on tax
avoidance, decreasing both the tax evasion rate and its occurrence. Moreover, our
study found that the participation of foreign investors in external auditing
decreases tax evasion
Kurmanbay, A. Alibek, B. (2022). An empirical evaluation of commodity futures trading strategies based on past public information. Graduate School of Business
http://nur.nu.edu.kz/handle/123456789/7555
Type of access: Restricted
tax evasion
policy
credit information
EMPIRICAL STUDY OF THE ROLE OF CREDIT INFORMATION, FINANCIAL SECTOR OUTREACH, AND DATA LOCALIZATION POLICY ON TAX EVASION.
oai:nur.nu.edu.kz:123456789/75572023-12-27T21:00:26Zcom_123456789_98com_123456789_67col_123456789_828
00925njm 22002777a 4500
dc
Zhakipzhanov, Adilzhan
author
2022-12-14
Zhakipzhanov, A. (2022) Empirical distribution of stock returns in KZ market. Nazarbayev University, Graduate School of Business
http://nur.nu.edu.kz/handle/123456789/7557
Type of access: Restricted
stock returns
Kazakhstan market
EMPIRICAL DISTRIBUTION OF STOCK RETURNS IN KZ MARKET
oai:nur.nu.edu.kz:123456789/75582023-12-27T21:00:24Zcom_123456789_98com_123456789_67col_123456789_828
00925njm 22002777a 4500
dc
Abdygaliyev, Azamat
author
Saktassynov, Yerassyl
author
2022-12-14
In this research, we fit term structure models of the interest rates to cross-sections of government bonds in Kazakhstan and investigate whether we can use the pricing errors as indicators of mispricing. We test whether we can generate excess returns by building portfolios of bonds based on the mispricing from the term structure models. We consider commonly used specifications of term structure models: Cox, Ingersoll and Ross (“CIR”) and Vasicek as well as basic spline function. The abnormal returns are measured against a duration-based benchmark. We construct zero-yield curves based on the cross-sectional estimates from the term structure models and compare this to term structure plots based on tenure (duration/convexity). Trading test results show that CIR and Vasicek bond-pricing models efficiently detect mispricing and generate 14.4% and 15% cumulative abnormal returns (“CAR”) over 6 years if the data would be actually tradable. On the other hand, spline model overfits the data and does not detect mispricing as efficiently as both economic models. Experiments with less knot points did not help to improve the issue of overfitting. Because of limitations to the number of cross-section estimations we are unable to show that the CARs for CIR and Vasicek are statistically significant. However, the pattern seems similar for both term structure models.
Abdygaliyev, A.Saktassynov, Y. (2022) Selecting a bond pricing model for trading in Kazakhstan. Nazarbayev University, Graduate School of Business
http://nur.nu.edu.kz/handle/123456789/7558
Bonds
Bond-pricing model
Abnormal returns
Duration
Spline
Type of access: Restricted
SELECTING A BOND PRICING MODEL FOR TRADING IN KAZAKHSTAN
oai:nur.nu.edu.kz:123456789/75592023-12-27T21:00:28Zcom_123456789_98com_123456789_67col_123456789_828
00925njm 22002777a 4500
dc
Token, Akmaral
author
2022-12-14
Prior literature attributes stock price crash risk to managers hiding or personally absorbing firm-specific negative information from investors. Managers hide information in the 10-K reports which lead to stock price crashes once that information is made public. This paper studies the impact of the cybersecurity disclosure in the annual financial report on the stock price crash risk. The analyzed data covers the period from 2000 to 2021. A firm-level measure of cybersecurity risk is then added to the regression model. Following Kim et al. (2019), we document that a strong association between cybersecurity risk and crash risk exists.
Token, A. (2022). Stock price crash risk and cybersecurity exposure. Nazarbayev University, Graduate School of Business
http://nur.nu.edu.kz/handle/123456789/7559
Type of access: Restricted
stock price
crash risk
cybersecurity
STOCK PRICE CRASH RISK AND CYBERSECURITY EXPOSURE
oai:nur.nu.edu.kz:123456789/75602023-12-27T21:00:31Zcom_123456789_98com_123456789_67col_123456789_828
00925njm 22002777a 4500
dc
Kuandykova, Symbat
author
2022-12-21
This paper is aimed to analyse the secondary bank credit scoring mechanism using the historical data of the existing loan applications of the borrowers through traditional logistic regression and machine learning techniques. The historical data include the four-month long loan application by the clients and consists of the data of borrower’s age, sex, region, mobile model, loan overdue information, whether the borrower has a tax debt and whether the bank has refused to provide a loan to a specific client or not. In this paper, the different methodologies and the importance of machine learning in credit scoring nowadays is discussed first. Then, the description of the data and the methodology used is presented. The results include the logistic regression analysis of the variables and the check on the significance of the variable in decision-making in credit scoring. Lastly, using logistic regression and machine learning (xgboost), I was able to identify which of the strategies are better in determining the area under the curve.
Kuandykova, S. (2022). An analysis of credit decisions for consumer loans on an online platform using traditional and machine learning techniques. Nazarbayev University, Graduate School of Business
http://nur.nu.edu.kz/handle/123456789/7560
Type of access: Restricted
AN ANALYSIS OF CREDIT DECISIONS FOR CONSUMER LOANS ON AN ONLINE PLATFORM USING TRADITIONAL AND MACHINE LEARNING TECHNIQUES
oai:nur.nu.edu.kz:123456789/75612023-12-27T21:00:31Zcom_123456789_98com_123456789_67col_123456789_828
00925njm 22002777a 4500
dc
Toktassinova, Elvira
author
Kumisbay, Danira
author
Sekerkhanova, Madina
author
Zhumazhanova, Laura
author
2021-12-21
This study assesses whether the strategy Moreira and Muir (2017) on volatility-managed portfolios generates high returns when applied on the U.S. stock market. In our owrk we replicate the methodology of Moreira and Muir for the long-short decile portfolios excluding microcaps and 1,000 largest stocks for the period between June 1963 and January 2020 while Moreira and Muir (2017 used Farma and French factors. We conclude that performance of volatility-managed portfolios is mixed and it is difficult to implement under realistic trading conditions, especially in the universe of large caps.
Zhumazhanova, Laura et al. (2021). Volatility-Managed Portfolios: Evidence from the US Equity Market. Nazarbayev University, Graduate School of Business
http://nur.nu.edu.kz/handle/123456789/7561
Type of access: Restricted
VOLATILITY-MANAGED PORTFOLIOS: EVIDENCE FROM THE US EQUITY MARKET
oai:nur.nu.edu.kz:123456789/75622023-12-27T21:00:30Zcom_123456789_98com_123456789_67col_123456789_828
00925njm 22002777a 4500
dc
Kylyshbek, Yestay
author
2021-12-21
Portfolio optimization ought to provide investors with an asset allocation strategy that outperforms the market. As a foundation of all portfolio optimization strategies, standard mean-variance optimization (MVO) strategy usually underperforms the market portfolio in practice. Numerous researches also present the fact that most of the active investors actually underperform the market, hence the best way of investing might be the most passive one. This paper duplicates and extends the work of an existing study to verify the effect of correlation shrinkage and implement industrial momentum in the Enhanced Portfolio Optimization method
Kylyshbek, Y. (2021) Enhanced Portfolio Optimization. Nazarbayev University, Graduate School of Business
http://nur.nu.edu.kz/handle/123456789/7562
Mean-Variance Optimization (MVO)
Enhanced Portfolio Optimization
correlation shrinkage
industrial momentum
Type of access: Restricted
ENHANCED PORTFOLIO OPTIMIZATION
oai:nur.nu.edu.kz:123456789/75632023-12-27T21:00:29Zcom_123456789_98com_123456789_67col_123456789_828
00925njm 22002777a 4500
dc
Sotsialkhan, Dosbol
author
2021-12-21
This study gets insight from a recently published article which finds out the predicting role of the “CFEAR” in the commodity futures market. It becomes interesting for me to check its robustness in a longer period. Due to the limitations of internet access prior to their sample period, this paper has examined whether a nearest proxy for the “CFEAR” can produce similar result. The proxied “Simple 5” portfolio failed to perform similarly out of sample. However, through examining various cross-sectional exploratory regressions and 576 different momentum strategies, a risky 6-Month Reversal patterns from the commodity futures returns has been identified in the training period. When this 6-Month Reversal portfolio added as an overlay to the Equal Weighted Commodity Portfolio and some conventional benchmarks in the stock market, the overlay can enhance the performance out-of-sample. Due to the limitations of data availability, other common factors such as basis, basis-momentum, relative basis, hedging pressure are not included in the study. A high Sharpe Ratio from the Reversal Portfolios indicates informationally inefficient markets. Thus, examining the economic significance of the short-term reversal strategies seems meaningful for the academia and practitioners
Sotsialkhan, D. (2021) Reversal overlay from commodity futures. Nazarbayev University, Graduate School of Business
http://nur.nu.edu.kz/handle/123456789/7563
commodity futures
reversal
momentum
overlay portfolio
Type of access: Restricted
REVERSAL OVERLAY FROM COMMODITY FUTURES
oai:nur.nu.edu.kz:123456789/75642023-12-27T21:00:31Zcom_123456789_98com_123456789_67col_123456789_828
00925njm 22002777a 4500
dc
Almen, Anar
author
Zhaipanov, Dosmukhamed
author
Dauletkhanuly, Yeldos
author
2021-12-21
This study assesses the eventual existence of triangular arbitrages between crypto and fiat currencies and analyzes economic factors which might contribute to the appearance of such opportunities. In particular, the authors look at core alphas of arbitrage based on crypto to fiat exchanges in two different crypto open source exchanges. By examining the existence of any statistically significant alphas, we find that this opportunity exists and might be exploitable for the US based exchange, Coinmarketcap. Similarly, triangular arbitrage exists, but are much smaller in the Coingecko exchange. This finding demonstrates the existence of discrepancies between exchanges. Furthermore, regression analyses indicate that Bitcoin is more sensitive to commodity prices changes as compared to Ethereum. In addition, we find that google searches related to cryptocurrencies are a strong predictor of arbitrage opportunities in triangular sets including Ethereum. In contrast, google trend aggregator data had almost no effect on Bitcoin containing exchange triplets. Additionally, proximity to the market plays a significant role in determining impact of central bank monthly T-bill rate on quotation volatility and subsequent arbitrage opportunities.
Almen Anar et al. (2021) An assessment of triangular arbitrage opportunities between cryptocurrency and fiat currency exchanges. Predictors and financial rationale. Nazarbayev University, Graduate School of Business
http://nur.nu.edu.kz/handle/123456789/7564
Triangular arbitrage
Cryptocurrency
Bitcoin
Ethereum
Type of access: Restricted
AN ASSESSMENT OF TRIANGULAR ARBITRAGE OPPORTUNITIES BETWEEN CRYPTOCURRENCY AND FIAT CURRENCY EXCHANGES. PREDICTORS AND FINANCIAL RATIONALE
oai:nur.nu.edu.kz:123456789/75652023-12-27T21:00:22Zcom_123456789_98com_123456789_67col_123456789_828
00925njm 22002777a 4500
dc
Zhuleuov, Zhanbolat
author
2021-12-21
Kazakhstan stock exchange belongs to the category of the frontier market and the regulatory framework requires continuous development to preserve market integrity in this market. Even though there is no commonly accepted definition of the term “market manipulation”, there are some market behaviors on capital markets that are prohibited by regulators. Some of these observed actions can have enforcement acts and investigation will be done to identify whether actions were manipulative or not. Stock listed on the KASE has comparatively less liquidity compared to the developed markets; therefore, for KASE market participants, it can be challenging to identify during times of price movements whether it is based on fair valuation of the stock or manipulators are acting. The fact that there are no reported stock manipulation cases raises the question of whether regulators are not observing manipulations or tools of regulators are effective to prohibit manipulative behavior on the market. This work studies four first-class liquidity stocks to examine any evidence of market manipulations based on the limit order book data.
Zhuleuov, Zhanbolat. (2021) Is there evidence of market manipulation on the kase?. Nazarbayev University, Graduate School of Business
http://nur.nu.edu.kz/handle/123456789/7565
Type of access: Restricted
IS THERE EVIDENCE OF MARKET MANIPULATION ON THE KASE?
oai:nur.nu.edu.kz:123456789/75662023-12-27T21:00:28Zcom_123456789_98com_123456789_67col_123456789_828
00925njm 22002777a 4500
dc
Mashrapova, Ainur
author
Baitlessov, Ruslan
author
Yskak, Madina
author
2021-12-21
This paper investigates how pension fund withdrawal acceptance from 1st January of 2021 for enhancement of living conditions of citizens in Kazakhstan influenced housing pricing in primary and secondary markets. We used panel data for 16 different cities in order to capture the influence on the regional level as well as on the national. We applied Fixed Effects Linear Model (FELM) to estimate the effects of pension fund withdrawals (PFW) on housing prices. Also, it was aimed to detect the existence of bubbles on the housing market of Kazakhstan during the period from January 2014 till September 2021. For this purpose, we applied the Generalized Supremum Augmented Dickey-Fuller Test (GSADF), developed by Philips et al (2015) and widely used in recent academic literature for the identification of bubbles for different asset types. Our results show that there is a housing bubble in the secondary and primary housing markets of Kazakhstan. Moreover, the PFW policy increased the housing prices in major cities and influenced the creation of the housing bubble in Nur-Sultan and Almaty.
Mashrapova, Ainur et al. (2021) DID PENSION FUND WITHDRAWALS CREATE A HOUSING BUBBLE IN KAZAKHSTAN?.Nazarbayev University, Graduate School of Business
http://nur.nu.edu.kz/handle/123456789/7566
housing bubble
pension fund
Type of access: Restricted
DID PENSION FUND WITHDRAWALS CREATE A HOUSING BUBBLE IN KAZAKHSTAN?
oai:nur.nu.edu.kz:123456789/75672023-12-27T21:00:27Zcom_123456789_98com_123456789_67col_123456789_828
00925njm 22002777a 4500
dc
Mantila, Pedro
author
Najib, Fayez
author
2021-12-21
This paper verifies under realistic trading conditions the results in Moreira and Muir (2017) which shows that leveraging/deleveraging the index portfolio according to its past volatility with the use of index options brings extra risk-adjusted profits. We use as a proxy for the market portfolio the S&P 500 index in the period of 1996-2020 and use Chicago Board of Exchange (CBOE) traded options on this index. Leveraging/deleveraging with 30-day to maturity options yields negative extra profits irrespectively of trading at the bid/ask or at the quote midpoint. Our results imply that the improvement shown in Moreira and Muir (2017) was due to the combination of very frequent (daily) rebalancing in their portfolios and trading at the quote midpoint.
Mantila, Pedro. Najib, Fayez. (2021) Use of options to increase and reduce volatility in the market portfolio based on past volatility. Nazarbayev University, Graduate School of Business
http://nur.nu.edu.kz/handle/123456789/7567
Type of access: Restricted
USE OF OPTIONS TO INCREASE AND REDUCE VOLATILITY IN THE MARKET PORTFOLIO BASED ON PAST VOLATILITY
oai:nur.nu.edu.kz:123456789/75682023-12-27T21:00:30Zcom_123456789_98com_123456789_67col_123456789_828
00925njm 22002777a 4500
dc
Zhumataeva, Madina
author
Kussainov, Arsen
author
Yelyubayeva, Aray
author
2021-02-11
The purpose of this work is to study and compare existing models and
methods, and build an optimal model for forecasting inflation in Kazakhstan,
taking into account seasonal adjustment of CPI.
This paper compares the performance of two seasonal adjustment methods,
TRAMO-SEATS and X-13-ARIMA-SEATS. Based on the results of seasonal
adjustment, the X-13-ARIMA-SEATS method detects more outliers than the
TRAMO-SEATS method; however, the difference in the seasonally adjusted time
series is negligible. Thus, further comparison of these two methods is conducted
based on the result analysis of the forecast models. To forecast the inflation rate,
two models are used - the ARIMA-GARCH model, and the VAR model.
The out-of-sample forecast is made for a short-term period of six months from
June 2019 to December 2019. Based on the error measures in the validation period
the most adequate and accurate model is the VAR(2) model with CPI seasonally
adjusted by the X-13-ARIMA-SEATS method.
Zhumataeva, Madina et al. (2021) Forecasting inflation rate of Kazakhstan based on the consumer price index, considering the impact of seasonality. Nazarbayev University, Graduate School of Business
http://nur.nu.edu.kz/handle/123456789/7568
Kazakhstan
inflation rate
CPI
seasonal adjustment
TRAMO-SEATS
X-13-ARIMA-SEATS
time-series forecasting
ARIMA-GARCH
VAR
Type of access: Restricted
FORECASTING INFLATION RATE OF KAZAKHSTAN BASED ON THE CONSUMER PRICE INDEX, CONSIDERING THE IMPACT OF SEASONALITY
oai:nur.nu.edu.kz:123456789/75692023-12-27T21:00:27Zcom_123456789_98com_123456789_67col_123456789_828
00925njm 22002777a 4500
dc
Mutkarim, Assem
author
Nursalim, Madina
author
Orumbayeva, Sara
author
2021-02-11
We investigate whether there exist seasonal anomalies in the Kaza-
khstan Stock Exchange (KASE) index. We focus on two well-known ef-
fects in capital markets: day-of-the-week and month-of-the-year e ects af-
ter controlling macroeconomic variables, crisis periods, and world market
movement. Moreover, we construct the KASE Total Return index to con-
sider dividends as a potential cause of seasonality in the index returns.
The empirical evidence indicates that there are negative Monday and pos-
itive Friday e ects in KASE index. However, the negative Monday e ect
might result from a decrease in prices on ex-dividend dates. The positive
Friday e ect can be explained by investors' sentiments before the holidays.
We nd no month-of-the-year e ect in the KASE index. Since there is no
prior research on seasonality in the local market, our study reveals notable
results and initiates a discussion on this topic.
Orumbaeva, Sara et al. (2021). Seasonality effects in Kazakhstan stock exchange (kase) index. Nazarbayev University, Graduate School of Business
http://nur.nu.edu.kz/handle/123456789/7569
KAS
SEASONALITY EFFECTS
Type of access: Restricted
SEASONALITY EFFECTS IN KAZAKHSTAN STOCK EXCHANGE (KASE) INDEX
marc///com_123456789_98/100