Showing papers by "KIMEP University published in 2008"
01 Jan 2008
TL;DR: In this article, the authors present two theoretical paradigms (systems and complexity theories) through which organizational change processes can be fruitfully examined, which can equip organizational leaders with the requisite knowledge and understanding of how to respond and adapt to the uncertainties and demands of global change.
Abstract: It is becoming increasingly important for organizations to gain competitive advantage by being able to manage and survive change. This paper presents two theoretical paradigms (systems and complexity theories) through which organizational change processes can be fruitfully examined. Systems and complexity theories are two valuable perspectives that can equip organizational leaders with the requisite knowledge and understanding of how to respond and adapt to the uncertainties and demands of global change. These two paradigms are particularly useful in the areas of organizational intelligence, organizational design, knowledge management, and corporate strategy, to mention but a few.
121 citations
TL;DR: In this article, the authors compared and contrasted the accounting education provided by Russian universities with that given at American universities, and found that Russian accounting students spend a significantly longer amount of time studying both accounting and other subjects during the course of their university attendance.
Abstract: This study compares and contrasts the accounting education provided by Russian universities with that given at American universities. Two typical universities were chosen for comparison purposes, one Russian and one American. Their curricula were compared and evaluated. Accounting educators at five Russian universities were also interviewed. The information gathered during the course of those interviews is also discussed. It was found that Russian accounting students spend a significantly longer amount of time studying both accounting and other subjects during the course of their university attendance. Part of the reason is because the average Russian accounting program is five years, compared to four years in the American system. However, Russian accounting students also spend more time at their studies each year.
56 citations
TL;DR: In this paper, the authors used linear models, feed forward artificial neural networks, and three versions of recurrent neural networks (RNN1, RNN2 and RNN3) for predicting exchange rates in these currencies against the US dollar.
Abstract: In this research, we work with data of futures contracts on foreign exchange rates for British pound (BP), Canadian dollar (CD), and Japanese yen (JY) that are traded at the Chicago Mercantile Exchange (CME) against US dollars. We model relationships between exchange rates in these currencies using linear models, feed forward artificial neural networks (ANN), and three versions of recurrent neural networks (RNN1, RNN2 and RNN3) for predicting exchange rates in these currencies against the US dollar. Our results on forecast evaluations based on AGS test the tests of forecast equivalence between any two competing models among the entire models employed for each of the series show that ANN and the three versions of RNN models offer superior forecasts for predicting BP, CD and JY exchange rates although the forecast evaluations based on MGN test are in sharp contrast. On the other hand forecast based on SIGN test shows that ANN and all the versions of RNN models offer superior forecasts for BP and CD in exception of JY exchange rates. The results for forecast evaluation for all the models for each of the series based on summary measures of forecast evaluations show that RNN3 model appears to offer the most accurate predictions of BP and RNN1 for JP exchange rates. However, none of the RNN models appear to be statistically superior to the benchmark (i.e., linear model) for predicting CD exchange rates.
48 citations
TL;DR: The most popular international certification is offered by the Association of Chartered Certified Accountants (ACCA) until a few years ago, this certification was the only truly international certification However, in recent years a few other certifications have started to become internationally recognized.
Abstract: Although most countries have their own national accounting and auditing certifications, there are a number of internationally recognized accounting certifications These certifications are especially valuable in transition and developing economies, where the quality of the national certification is low The most popular international certification is offered by the Association of Chartered Certified Accountants (ACCA) Until a few years ago, this certification was the only truly international certification However, in recent years a few other certifications have started to become internationally recognized This paper discusses the reasons for the popularity of international certifications, the reasons why resistance to them has been encountered, and reports on the status of the various internationally recognized accounting certifications in the former Soviet Union (CIS), Eastern, and Central Europe The vast majority of countries have some kind of accounting certification Some countries offer several different certifications Some countries in the former Soviet bloc offer separate certification for accountants and auditors Some countries offer several levels of certification (McGee, 1999a)
45 citations
TL;DR: In this article, the authors investigate critical factors affecting students' satisfaction in higher education and their impacts on the management of higher education organizations in transition economies, and construct a model to understand the relationships between customer satisfaction and educational service quality.
30 citations
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TL;DR: In this paper, the authors investigate critical factors affecting students' satisfaction in higher education and their impacts on the management of higher education organizations in transition economies, and construct a model to understand the relationships between customer satisfaction and educational service quality.
Abstract: The purpose of the paper is to investigate critical factors affecting students' (as customers) satisfaction in higher education and their impacts on the management of higher education organisations in transition economies. This study constructs a model to understand the relationships between customer satisfaction and educational service quality; and between customer satisfaction and their purchasing intention (retention or recommendation). An empirical model is tested using survey data from institutions of higher education in Almaty, Kazakhstan. The findings suggest some managerial implications for the management of higher education and competitive strategies in the region.
27 citations
TL;DR: In this paper, the authors investigate the impact of technology diffusion from multinational enterprises on host country productivity growth and find that the results of these empirical studies are sensitive to the measures of absorptive capacity used.
Abstract: Previous empirical studies show mixed support for the hypothesis that the impact of technology diffusion from multinational enterprises (MNEs) on host country productivity growth depends on host country absorptive capacity. One explanation is that the results of these empirical studies are sensitive to the measures of absorptive capacity used. This paper contributes to the empirical literature by investigating average years of schooling and total factor productivity gap as measures of host country absorptive capacity in 38 developed and developing countries. Panel data regression equations are estimated using a cross-sectionally heteroskedastic and timewise autoregressive (CHTA) model. The paper has two main results. The first result does not support the hypothesis that the technology diffusion from MNEs has a positive impact on the productivity growth in developing countries. The second result is that the total factor productivity gap is more appropriate than average years of schooling to measur...
19 citations
01 Jan 2008
TL;DR: In this paper, the authors examine two main challenges, innovation and opportunity challenges, which entrepreneurs face as they attempt to attain their desired outcomes, and discuss and show how these challenges can encourage and inspire entrepreneurs to achieve their goals and values through promoting and nurturing entrepreneurship.
Abstract: Even though entrepreneurship is a relatively young paradigm in management science it has attracted an increasing interest among scholars. Rapidly changing and constantly evolving world puts entrepreneurship on the position to be one of the most dynamic forces in the economy and society. The rapid globalization of world markets and economies has encouraged entrepreneurial organizations of all sizes and national origins to foster entrepreneurship throughout their operations. This paper examines two main challenges, innovation and opportunity challenges, which entrepreneurs face as they attempt to attain their desired outcomes. It discusses and shows how these challenges can encourage and inspire entrepreneurs to achieve their goals and values through promoting and nurturing entrepreneurship.
15 citations
TL;DR: This article explored how political tensions developed around the issue of Canadian water export, how policy solutions and alternatives to the problem were offered, and how finally it came to be recognized by the national government.
Abstract: The article explores how political tensions developed around the issue of Canadian water export, how policy solutions and alternatives to the problem were offered, and how finally it came to be recognized by the national government. The water export issue reached the formal agenda after a lengthy period of being denied serious consideration. However, it is arguable that agendas are set if an issue receives attention from policy decision makers. This is because an issue's ascension to agenda status is not an indication of how it is actually going to be decided upon. The case of water export demonstrates that the government adopted a policy solution consistent with assumptions prevalent at the time and acceptable among elected decision makers. Yet, the solution was contrary to the expectations of those who demanded a complete water export ban in Canada.
11 citations
7 citations
TL;DR: In this paper, the existence of small extensions of models of weakly o-minimal atomic theories has been shown to be true for the Hanf number of such a theory for omitting an arbitrary family of pure types.
Abstract: We obtain some results on existence of small extensions of models of weakly o-minimal atomic theories. In particular, we find a sharp upper estimate for the Hanf number of such a theory for omitting an arbitrary family of pure types. We also find a sharp upper estimate for cardinalities of weakly o-minimal absolutely homogeneous models and a sufficient condition for absolute homogeneity.
TL;DR: An attempt has been made to compare the urinary iodine, urinary arsenic, radioiodine uptake, TSH and FT4 levels between experimental group with simple diffuse goiter and healthy control group, and there is significant differentiation between experimental and controls groups in respect of association between different pairs of variables.
Abstract: In Bangladesh some researchers have done several studies to find the correlation of simple diffuse goiter with arsenic level but no one conducted any study to find the differences of urinary iodine, urinary arsenic, radioiodine uptake, the thyroid stimulating hormone (TSH) and free thyroxin (FT4) levels between goitrous and non goitrous. That is why, in this research an attempt has been made to compare the urinary iodine, urinary arsenic, radioiodine uptake, TSH and FT4 levels between experimental group with simple diffuse goiter and healthy control group. In this study another purpose has also been made to find the associations between different pairs of variables for both experimental and control group. In this study we have tried to find the impacts of arsenic level on simple diffuse goiter. This is a case-control analytical study. The study is carried out in the Institute of Nuclear Medicine and Ultrasound, in collaboration with the thyroid out patient department of Bangabandhu Sheikh Mujib Medical University. A total of eighty five (85) subjects are included in the study. Among the 85 subjects, a sample of forty five is considered for experimental group with simple diffuse goiter and another sample of forty is considered for healthy control group without any thyroid disease. From the experimental results it has been found that, the arsenic levels, FT4 and radioiodine uptake levels at 2 hours between the experimental and control groups are significantly different but the urinary iodine levels, TSH levels and radioiodine uptake levels at 24 hours between the experimental and control groups are not statistically different. From the experimental results it has also been found that there is significant differentiation between experimental and controls groups in respect of association between different pairs of variables. In this study, another significant finding is that iodine deficiency is not only the factor of causing simple diffuse goiter, but arsenic level is also one of the most important factor of causing simple diffuse goiter.
TL;DR: In this article, the primacy of economics over law in the formation of the Baltic Securities Market [BSM] is demonstrated by historical data and factual development of the BSM, and the proposition is vindicated by the fact that the main driver of the development has been economic survival and innovation, not revision of Community or Member State legal infrastructure.
Abstract: This article demonstrates the primacy of economics over law in the formation of the Baltic Securities Market [BSM]. The proposition is vindicated by historical data and factual development of the BSM. Community level legislation in the financial services area accelerated in the later 1990's and the early 21st century as the European Union set an objective of creating a vibrant single market in securities. In this respect, the development of the BSM has paralleled the evolution of Community level legislation. However, the main driver of the BSM's development has been economic survival and innovation, not revision of Community or Member State legal infrastructure. In the Baltic market, the national stock exchanges do not, and never have, performed the traditional macroeconomic function of financial intermediation transferring resources from surplus economic units to deficit economic units, due to the alternative of favourable bank financing. With minor exceptions, the core activity of the BSM is the fund centre primarily dominated by Baltic and Scandinavian banks. The promotion of these products raises questions of fees and returns, and reintroduces the debate of whether payment for "professional management" is justified given the alternative of investment in passive index funds, or managed funds with comparatively low expenses ratios. The question of whether the BSM complies with recent Community Level legislation is beyond the scope of this article, and for article's purpose, irrelevant. In terms of "legal transplants", during its early development, the BSM sampled from diverse jurisdictions. With modifications, Community Level legislation is functionally equivalent to United States Securities laws as both regulatory models embrace the Efficient Capital Market Hypothesis.
TL;DR: Water export is an important, yet not an autonomous, policy in its own right that would justify direct governmental intervention as mentioned in this paper, and water export policy should be understood as a by-product of larger and more imperative national governmental agendas such as the institutionalization of neoliberal projects, perceived national security concerns, and Canadian federal-provincial relations.
Abstract: Canadian water export is an important, yet not an autonomous, policy in its own right that would justify direct governmental intervention. Water export policy should be understood as a by-product of larger and more imperative national governmental agendas such as the institutionalization of neoliberal projects, perceived national security concerns, and Canadian federal–provincial relations. Consideration of these agendas as primary movers and shapers of water export policy in Canada helps to fill in contextual gaps and bring into play a broader spectrum of evidence. Further, this approach may refine our understanding of the phenomenon and show that an explanation for the emergence of the policy problem under investigation could be found in the policies surrounding it.
01 Jan 2008
TL;DR: A new set of forward-looking super-imposed dynamic generally accepted accounting principles (SuperGAAP) could be the answer to the problem of bank failures and liquidity crisis of 2007 as mentioned in this paper.
Abstract: Over the past two decades more than three thousand banks have failed, mostly in America and Japan. The five thousand banks operating worldwide today are going to be regulated under the most complex and costly but conceptually flawed regime ever devised: the so called Basel II Accord setting minimum capital requirements to absorb risk. Basel I of 1988 did not prevent the bank failures of the 1990s, and Basel II of 2004 did not prevent the liquidity crisis of 2007 because our century old accounting principles are out of date and touch. A new set of forward-looking super-imposed dynamic generally accepted accounting principles (SuperGAAP) could be the answer.
01 Jan 2008
TL;DR: In this paper, the design of a heritage tourism Web portal is presented, where factor analysis is used to identify how the navigation tools are to be grouped and correlation analysis additionally identifies methods of grouping the navigation functionalities.
Abstract: This chapter presents the design of a heritage tourism Web portal. Factor analysis is used to identify how the navigation tools are to be grouped. Correlation analysis additionally identifies methods of grouping the navigation functionalities to substantiate the decision. Statistical analysis lends support to the reliability of the data used in the study. Examples are given about how heritage portal navigation functionality can be developed as hierarchical layered portal pages. Additionally, the perceptual map shows the layout and proximity of the portal functionalities.
TL;DR: In this article, the authors analyzed the contribution of international trade to the economic growth of Kazakhstan, examined relationships between the structure of International Trade and the national economic growth, and considered the compatibility of International trade (globalisation) with regional economic agreements among CIS countries.
Abstract: This study analyses the contribution of international trade to the economic growth of Kazakhstan, examines relationships between the structure of international trade and the national economic growth, and considers the compatibility of international trade (globalisation) with regional economic agreements among CIS countries. It applies the linear regression to the secondary data of Kazakhstan's macroeconomic indicators. The discussion of this study focuses on several aspects of international trade policy reforms, especially about short-term and long-term policy implications, and their contributions to the continuing growth of the nation's economy. The study results and its recommendations should be appropriate for policy makers in developing countries, especially in CIS countries.