• COMING BACK HOME: POSTMEMORY IN NOVELS BY ALEXANDER CHUDAKOV, KATJA PETROWSKAJA, AND MARIA STEPANOVA 

  Mektepbayeva, Zhanel (Nazarbayev University School of Sciences and Humanities, 2023-11-27)

  This study explores postmemory as a way of “coming back home” to one’s roots and reimagined identity. It is particularly important within the context of the recent turn to prioritizing personal memories over the official, ...
• SEASONALITY EFFECTS IN KAZAKHSTAN STOCK EXCHANGE (KASE) INDEX 

  Mutkarim, Assem; Nursalim, Madina; Orumbayeva, Sara (Nazarbayev University, Graduate School of Business, 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 ...
• FORECASTING INFLATION RATE OF KAZAKHSTAN BASED ON THE CONSUMER PRICE INDEX, CONSIDERING THE IMPACT OF SEASONALITY 

  Zhumataeva, Madina; Kussainov, Arsen; Yelyubayeva, Aray (Nazarbayev University, Graduate School of Business, 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 ...
• SELECTING A BOND PRICING MODEL FOR TRADING IN KAZAKHSTAN 

  Abdygaliyev, Azamat; Saktassynov, Yerassyl (Nazarbayev University, Graduate School of Business, 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 ...
• EMPIRICAL DISTRIBUTION OF STOCK RETURNS IN KZ MARKET 

  Zhakipzhanov, Adilzhan (Nazarbayev University, Graduate School of Business, 2022-12-14)
• EMPIRICAL STUDY OF THE ROLE OF CREDIT INFORMATION, FINANCIAL SECTOR OUTREACH, AND DATA LOCALIZATION POLICY ON TAX EVASION. 

  Kurmanbay, Alibek; Alibek, Bolat (Graduate School of Business, 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 ...
• AN EMPIRICAL EVALUATION OF COMMODITY FUTURES TRADING STRATEGIES BASED ON PAST PUBLIC INFORMATION 

  Abdikhalyk, MIras; Baizakov, Azamat (Nazarbayev University, Graduate School of Business, 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 ...
• USE OF OPTIONS TO INCREASE AND REDUCE VOLATILITY IN THE MARKET PORTFOLIO BASED ON PAST VOLATILITY 

  Mantila, Pedro; Najib, Fayez (Nazarbayev University, Graduate School of Business, 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 ...
• DID PENSION FUND WITHDRAWALS CREATE A HOUSING BUBBLE IN KAZAKHSTAN? 

  Mashrapova, Ainur; Baitlessov, Ruslan; Yskak, Madina (Nazarbayev University, Graduate School of Business, 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 ...
• IS THERE EVIDENCE OF MARKET MANIPULATION ON THE KASE? 

  Zhuleuov, Zhanbolat (Nazarbayev University, Graduate School of Business, 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 ...
• AN ASSESSMENT OF TRIANGULAR ARBITRAGE OPPORTUNITIES BETWEEN CRYPTOCURRENCY AND FIAT CURRENCY EXCHANGES. PREDICTORS AND FINANCIAL RATIONALE 

  Almen, Anar; Zhaipanov, Dosmukhamed; Dauletkhanuly, Yeldos (Nazarbayev University, Graduate School of Business, 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 ...
• REVERSAL OVERLAY FROM COMMODITY FUTURES 

  Sotsialkhan, Dosbol (Nazarbayev University, Graduate School of Business, 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 ...
• ENHANCED PORTFOLIO OPTIMIZATION 

  Kylyshbek, Yestay (Nazarbayev University, Graduate School of Business, 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 ...
• VOLATILITY-MANAGED PORTFOLIOS: EVIDENCE FROM THE US EQUITY MARKET 

  Toktassinova, Elvira; Kumisbay, Danira; Sekerkhanova, Madina; Zhumazhanova, Laura (Nazarbayev University, Graduate School of Business, 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 ...
• AN ANALYSIS OF CREDIT DECISIONS FOR CONSUMER LOANS ON AN ONLINE PLATFORM USING TRADITIONAL AND MACHINE LEARNING TECHNIQUES 

  Kuandykova, Symbat (Nazarbayev University, Graduate School of Business, 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. ...
• STOCK PRICE CRASH RISK AND CYBERSECURITY EXPOSURE 

  Token, Akmaral (Nazarbayev University, Graduate School of Business, 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 ...
• FEED-IN TARIFFS PRACTICE FOR RENEWABLE ENERGY SOURCES IN KAZAKHSTAN – PROBLEMS AND PROSPECTS 

  Mominbayev, Zhomart (Nazarbayev University Graduate School of Business, 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 ...
• ENHANCEMENT OF OPERATING EFFICIENCY OF THE NATIONAL MEDICAL HOLDING THROUGH CENTRALIZATION OF FINANCIAL FUNCTIONS AND CASH FLOWS 

  Yezhov, Vladislav (Nazarbayev University Graduate School of Business, 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 ...
• BUSSINES PARK IN ATYRAU 

  Amangaleyev, Serik (Nazarbayev University Graduate School of Business, 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 ...
• THE ROLE OF CORPORATE CULTURE IN ORGANIZATIONAL CHANGE MANAGEMENT 

  Koishanova, Raushan (Nazarbayev University Graduate School of Business, 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 ...

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