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Now showing 1 - 7 of 7
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    ItemOpen Access
    Innovation in the higher economy and finance education: developing а new course of 'Social security and pension provision'
    (Elsevier Ltd., 2013) Assel Izekenova; Zhanaг Temiгbekova
    The issue of the essence of the efficient investment of pension saving – young but already fledgling institutional investors – pension funds (APF) of the Republic Kazakhstan and its reflection in the higher education in economy and finance is addressed in this paper. Because, this issue is not only of the Government of Kazakhstan and the financial market players (including the employees and the top management of pension funds), but is also a concern of the academicians, who are responsible for the educating the specialists for the mentioned sector Main objective of this study is to discuss the outline of developing educational and methodological complex for a new course of ‘Social security and pension provision’ that mainly covers the examination and the teaching of the problems of the pension provision with the global perspective and under existing economic and social situation of country. The authors believe that, introducing such a new course as an elective discipline will improve the quality of higher financial education of Kazakhstan, since, the issue of social security and pensions was not handled as an independent course before. The new course ‘Social security and pension provision in the case of Kazakhstan’ will help – students to develop skills and knowledge which have critical importance for the future specialist of pension funds as this course will provide students with theoretical tools and cases from the global practical experiences. Thus, this new course will enable them to interpret domestic social security and pension’s reforms as well as to evaluate new technology and latest achievement for modernization of pension model of Republic Kazakhstan.
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    Female entrepreneurship: exploring factors that motivate woman to become entrepreneurs
    (2022) Kairoldanova A.A.
    This study explores factors that motivate women entrepreneurs to open their own businesses in the Kazakhstan context. The paper used in-depth semi structured interviews with 10 female Kazakhstani entrepreneurs to identify motivations of female entrepreneurs and factors affected by these motives. The collected data was categorized and analyzed thematically. The results revealed the ability to do work that they enjoy, benefit society, realizing childhood dreams, earn money and improve financial situations are the main factors that impact decisions by females to become selfentrepreneurs. Moreover, participants in the interview indicated that obtaining sufficient experience in their field, realizing their abilities, likewise having relatives in business and external business environments have affected them to engage in entrepreneurial activities. The paper also demonstrates that continuous learning is needed to have sustainable business development as motivations will grow with time.
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    ItemOpen Access
    Review of decent work country program in Kazakhstan(2010-2012)
    (2012) Tatibekov B.L.
    The report is result of the technical task of International Labor Organization. It has been prepared under frame of implementation of Concept of Decent Work in Kazakhstan and in particular through the prism of evaluation and review of achieved results of Decent work in 2010-2012 years. The Concept of providing decent work, initiated by the International Labor Organization (ILO), has an important social-economic, and moral significance for all countries-members of the ILO. Within the framework of this Concept’s implementation, the countries have an opportunity to adopt unified global standards in the sphere of labor provide an individual’s right to work, which will satisfy his/her needs both morally and physically.
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    ItemOpen Access
    FINANCIAL FORECASTING METHODS IN OIL-SECTOR OF KAZAKHSTAN
    (Suleyman Demirel University, 2013) A. Onlasov
    The paper emphasizes the importance of financial forecasting for Kazakhstan’s oil-sector. Methods used in financial forecasting are described in the paper, namely in oil-sector. General definition of financial forecasting is given, and article mentions 3 most relevant forecasting methods: Exponential smooth, Trend analysis, Regression analysis.
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    ItemOpen Access
    Surveillance of corporate social responsiblity in Kazakhstan
    (The Kazakh National University Named After Al -Farabi and Suleyman Demirel University, 2008) Vaishali Saple
    With the liberalization of economy, the corporate sector is making an increased effect on the rapidly transforming society in Kazakhstan. The paper studies the perception of the society of Kazakhstan on Corporate Social Responsibility (CSR). The primary data has been generated by means of a structured questionnaire, administered to the selected sample in Kazakhstan. The data has been analyzed with the help of mean and standard deviation. The findings reveal that in a market-led economy, society holds both positive and skeptic view of CSR activities and expects a responsible and ethical behavior from the corporations. The process of further integration of the society and business is required and the business has to reinforce the positive momentum to strengthen the confidence in the society. The study is useful for the corporations to understand the societal perception on corporate social responsibility, which may help them to redesign and reposition their social responsibility activities.
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    The Bologna process and problems in higher education system of Kazakhstan
    (Elsevier Ltd., 2012) Moldiyar Yergebekov; Zhanar Temirbekova
    Nation states, nowadays, have to integrate with the world due to impositions and propositions of globalization to every aspects of life. Education systems, one of the domains of globalization, have experienced this obligation deeply. Therefore, states and governments have prepared their education systems with a national point of view in order to meet this demand of the era. On the other hand, at both national and international level, it is expected that standards in higher education should be determined, system should be complied with these standards and integrate themselves. However, this integration process becomes rather slow and painful for countries whose education system, e.g. Kazakhstan, stuck in first Soviet then post-Soviet and now international standards. Kazakhstan’s effort to become a part of globalizing education area like Bologna is an obvious example. In 2010, Kazakhstan joined the European Higher Education Area which was formed as part of the integration process on education first including EU Member States then other countries with some territory in Continental Europe. With 47 member countries, Bologna Process has become the largest cooperative education area of the world. Kazakhstan’s inclusion to this Process creates hope about fundamental changes in education system of Kazakhstan. However, integration studies go ahead very slowly due to many incomplete obstacles. With this study, it is expected, in general, to emphasize the effect to globalization on higher education systems of countries newly establishing their nation states as Kazakhstan and in particular, to research why Kazakhstan could not become a part of the process despite included Bologna Process of higher education. In other words, the aim is to review critically whether globalization is effective in Kazakhstan – one of the neighboring countries that globalization creates specific activity – and as an example of this whether Bologna Process is effective in higher education area, and to examine the reasons of Kazakhstan’s inclusion to Bologna Process in spite of not implementing crucial principles of the Process. The research method is based on comparative analysis examining 10 action lines of the Bologna Process and how effective the basic principles are in higher education system of Kazakhstan.
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    Management of the Firm’s Economic crisis
    (2022) Zhekenbay D.
    The better-prepared firms usually survive economic shocks higher than the rest. The goal of the research is to analyze the effect of the economic crisis on companies’ performance in Kazakhstan. The goal of this research is to find ways for small and medium-sized enterprises to survive in the face of the Covid-19 coronavirus pandemic. My research is focused on third largest industry by employment share in Kazakhstan, which is the distribution sector (Bijnens & Konings, 2018). I investigate the probability of surviving of more than 19,000 grocery stores from 2017 to 2021 and investigate the factors of stores' that influence their survival rate during economic crisis caused by the COVID-19. By implementing the Cox proportional hazards model and OLS, I explore the effects of different variables like location, region, sales size, and type of store, which are regarded as key determinants of a store's survival rate. Results of analysis showed that due to the COVID-19 crisis, 1.8 times more retail outlets closed in 2020 compared to previous years and that rural outlets with high sales values had higher survival rates after the COVID-19 crisis than urban outlets. In addition, I found out that traditional grocery outlets have higher survival rates than wholesale stores. This statement is backed up by non-parametric and as well as parametric tests that were performed during the research. These results of study could be useful in reducing the harmful consequences of crisis during recessions from a normative standpoint. Additionally, this research can act as a guide for grocery stores' crisis management. There is very little research in this field in Kazakhstan, and the proposed thesis can help companies choose their strategic directions in crisis management in Kazakhstan.