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Item Open Access Banking System(Suleyman Demirel University, 2007) Kurdaeva V; Sihimbaev DThis paper explores the structure, functions, and key principles of the modern banking system, with particular attention to Kazakhstan’s financial sector. The banking system plays a vital role in the economy by channeling funds from savers to borrowers, ensuring the efficient flow of capital, and supporting economic growth. Based on Frederic S. Mishkin’s model, the study highlights that loans constitute the major portion of external funding worldwide, with banks serving as the primary financial intermediaries. The paper discusses the composition of commercial bank balance sheets, detailing their assets and liabilities, and explaining how banks generate profit through asset transformation and interest rate differentials. Furthermore, it outlines the four core principles of bank management — liquidity management, asset management, liability management, and capital adequacy management — emphasizing how these ensure stability and profitability. The Kazakhstani banking system, while still developing, reflects global patterns but faces challenges of liquidity, credit risk, and diversification. The paper concludes that strengthening regulation, improving transparency, and fostering innovation are key to enhancing the efficiency and resilience of Kazakhstan’s banking sector.Item Open Access CAPITAL STRUCTURE AND FIRM PROFITABILITY: ANALYSIS OF LISTED FIRMS IN KAZAKHSTAN(СДУ хабаршысы - 2019, 2019) Sarsenova D. ; Aigel Z.Abstract. Decisions regarding to capital structure is essential one since firm’s profitability affected by such decision. This study is vital for financial managers to understand an effect of Capital Structure on Profitability. The paper was aimed to examine relationship between Capital Structure and Profitability of listed firms in Kazakhstan over five years’ period from 2013 to 2017. Secondary data such as audited financial statements were used from randomly selected fifty listed companies in Kazakhstan. Regression analysis, specifically, generalized method of moments (GMM) estimator has been employed in order to analyze an impact of capital structure on firm’s performance. The findings of this study revealed that a significant negative relationship between total debt ratio and profitability of Kazakhstani listed firms.Item Open Access EMPLOYEE EMPOWERMENT, AND ITS ROLE IN THE MODERN ORGANIZATION(СДУ хабаршысы - 2019, 2019) Osmanova F.M.Abstract. Decisions regarding to effectively manage its Human Resources, especially, to provide employees with motivation, positive attitudes, job satisfaction, is essential, since the prosperity and comparative advantage of any enterprise depends on faithful, progressive, contented and highly motivated human resources [1]. So, current study discussed about employee empowerment, and its role in the modern organization. Moreover, benefits for companies from the initiation of employee empowerment were discussed in current paper, comprising different branches and segments. The paper specified that empowered employees discern plenty from their non-empowered coworkers and it is expressed in many advantages. Moreover, there founded that the empowerment practice through autonomy fetch greater satisfaction of employees. The study finally displays the positive relationship of employee’s empowerment and green tasks.Item Open Access Capital structure and firm Profitability: Analysis of Listed firms in Kazakhstan(2019) Aigel Zh.Decisions regarding to capital structure is essential one since firm’s profitability affected by such decision. This study is vital for financial managers to understand an effect of Capital Structure on Profitability. The paper was aimed to’ examine relationship between Capital Structure and Profitability of listed firms in Kazakhstan over five years’ period from 2013 to 2017. Secondary data such as audited financial statements were used from randomly selected fifty listed companies in Kazakhstan. Regression analysis, specifically, generalized method of moments (GMM) estimator has been employed in order to analyze an impact of capital structure on firm’s performance. The findings of this Study revealed that a significant negative relationship between total debt ratio and profitability of Kazakhstani listed firms.