{"title":"CREATIVE INDUSTRIES, INNOVATION DEVELOPMENT AND AN ECONOMIC CRISIS","authors":"И. Дубина, Дэвид Ф. Дж. Кэмпбелл","doi":"10.26577/be.2019.v128.i2.03","DOIUrl":"https://doi.org/10.26577/be.2019.v128.i2.03","url":null,"abstract":"This paper discusses patterns of a complex cyclical interaction between phenomena of an economic crisis and creative and innovation activities. Economic growth stimulates investments in innovation that drive creativity and innovation, consequently resulting in further economic growth. However, if there is too much innovation, then this creates challenges in the sense of questioning the established structures, finally creating a need for developing new structures. Organizations, societies, economies or systems can be more or less successful in doing so. As an illustration, the dynamics of the development of creative industries is presented. Based on the conceptions of “creative destruction”, the theory of long economic cycles and its modern modifications, and theory of economic growth based on technological progress, the authors propose and argue a hypothesis-based model of dialectic interrelationship of innovation and economic crisis as a multidimensional (creativity, innovation, economy, time) coiling spiral with a decreasing period over time: creative and innovative activities are provoked and stimulated by a crisis, but, in turn, they are also linked with recurrences of crises. Therefore, a challenge for managers and innovation policy makers lies in defining and supporting a corresponding level of creativity and innovation, that is creativity and innovation optimization.","PeriodicalId":34596,"journal":{"name":"Khabarshysy Ekonomika seriiasy","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2019-06-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"69008701","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Наваз Ахмад, Мухаммед Номан Ансари, Амир Фероз Шамси
{"title":"FACTORS AFFECTING DIVIDEND PAYOUT: EMPIRICAL INVESTIGATION FROM CEMENT SECTOR OF PAKISTAN","authors":"Наваз Ахмад, Мухаммед Номан Ансари, Амир Фероз Шамси","doi":"10.26577/be.2019.v128.i2.015","DOIUrl":"https://doi.org/10.26577/be.2019.v128.i2.015","url":null,"abstract":"Dividend policy/payout (DP) is one the areas of finance where extensive research has been conducted to find out the determinants that why firms pay the dividend and what motivates them to share their earnings with shareholders. This situation is termed as a puzzle by researchers. To solve this puzzle, researchers have outlined various financial and non-financial factors. This research is carried out to find the effect of financial factors viz. size, profitability, risk, leverage, and liquidity over the DP of the firms listed on Pakistan Stock Exchange (PSX) in the cement sector. Firms involved in the manufacturing of cement are selected and other firms of the sector are excluded. Data for ten years i.e. from 2009 to 2018 has been extracted from the published annual financial statements of the firms. To verify the relationship between dependent and independent variables, the bivariate correlation has been applied and to find the best-fit regression model, backward multiple regression has been applied. According to the findings from backward multiple regression, profitability and liquidity are the factors that influence the dividend payouts of the firm positively and significantly. Whereas, size, risk, and leverage have failed to show their significance over the dividend payment of the sector.","PeriodicalId":34596,"journal":{"name":"Khabarshysy Ekonomika seriiasy","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2019-06-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49430538","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"ITALIAN HANDICRAFTS IN THE EURASIAN MARKETS. A CASE STUDY FROM THE CERAMIC CLUSTER OF NOVE-BASSANO (Vicenza-Italy)","authors":"Д. Челетти","doi":"10.26577/be.2019.v128.i2.017","DOIUrl":"https://doi.org/10.26577/be.2019.v128.i2.017","url":null,"abstract":"The article presents the results of a research aiming to discuss growth potentials of small, and medium handicraft firms operating in stagnating sectors. The study uses a methodological approach juxtaposing theoretical analysis of latest scientific literature and economic statistics to empirical studies of selected firms. The analysis shows how single firms succeeded in overcoming structural weaknesses to build competitive position in global markets. The paper focuses on the artistic cluster of ceramic of Nove-Bassano (North-Eastern Italy), and on the firm “Ceramiche Fratelli Lorenzon” as a case study of successful handicraft export-oriented family business. The principal argument of the paper is that firms, and in particular small, and medium handicraft ones, can find growth opportunities even in declining sectors, provided that they succeed in transforming traditional approaches through process, product, and marketing innovation. Secondly it argues that modern technologies, and in particular IT, open new possibilities even to small businesses. Finally, it confirms the still relevant role of “made in Italy” as internationally valued brand.","PeriodicalId":34596,"journal":{"name":"Khabarshysy Ekonomika seriiasy","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2019-06-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47997805","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"A NEW INTEGRATED INFORMATION SEEKING MODEL BASED ON INCONGRUITY AND FOUR HUMOURS","authors":"Т. Медени, Д. Сойлу, И. Медени","doi":"10.26577/be.2019.v128.i2.08","DOIUrl":"https://doi.org/10.26577/be.2019.v128.i2.08","url":null,"abstract":"There are various conceptual models or frameworks from different disciplines and domains. These models have ben built to give explanation to the related issues on information seeking and processing especially for the information and the knowledge oriented disciplines and domains. The models in literature dealt with different user groups and information seeking behaviors of these user groups. In this paper, with focusing on, an integrative conceptual model for information processing and seeking will be developed from the perspective of information systems modeling. Accordingly, this paper will first provide background information and suggest a new model based on these information sources. Then, the suggested model will be interlinked with the humoral theory in order to amplify its explanatory and integrative power. To build a suggestion model, this paper will also provide directions for possible new work. The suggested model is creating interlinked connection with the concept of incongruity and the humoral theory.","PeriodicalId":34596,"journal":{"name":"Khabarshysy Ekonomika seriiasy","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2019-06-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45121326","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"ROLE OF MULTINATIONAL CORPORATION AND SHARE OF THEIR INVESTMENT IN PRIORITY SECTORS OF ECONOMY OF RK","authors":"М. Зайнал, A. Изтаева","doi":"10.26577/be.2019.v128.i2.014","DOIUrl":"https://doi.org/10.26577/be.2019.v128.i2.014","url":null,"abstract":"Kazakhstan is the leader in attraction of foreign investments among is central the Asian countries. Today multinational corporations – the main tool in business expansion internationally. This article is devoted to studying of activity of the main participants of process of globalization of economy – multinational corporations in Kazakhstan. Authors considered the main directions and volumes of streams of direct foreign investments to the country in recent years. Key indicators of PII in the country and the prospects of development are defined. In article major factors of attraction of direct foreign investments are studied. The review of scientific literature on the factors defining inflow of direct foreign investments to Kazakhstan is made. Results showed that, despite existence of various motives in adoption of investment decisions by multinational corporations, direct foreign investments to Kazakhstan are generally sent to the raw sector of economy. In article the analysis of inflow of direct foreign investments in a section from 2014 to 2019, is carried out to priority sectors of economy of the Republic of Kazakhstan which mining industry, processing industry, professionally scientific and technical activity and innovative development are. In work questions of investment into priority sectors of economy of RK were investigated. Analytical also statistical methods, a dialectic method of knowledge and observation formed a methodological basis of a research. The main volume of foreign investments still goes to the spheres which are not demanding large-scale investments and characterized by fast payback. Thus, drawing a conclusion on a research of trends of functioning, outflow and inflow of direct foreign investments on priority sectors of economy of the Republic of Kazakhstan, in industry structure of investments, the main share is occupied by the mining industry, and the oil and gas industries still are on one of the first places on the level of the involved investments. Such industries as construction and manufacturing industry receive the smallest number of foreign investments. Article has the scientific value and novelty of a research where relevance of work is application of an integrated approach to a research of the international investment activities and a role transnational corporation, in identification of the internal and external regularities defining the direction and dynamics of investment activities in the Republic of Kazakhstan.","PeriodicalId":34596,"journal":{"name":"Khabarshysy Ekonomika seriiasy","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2019-06-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41726339","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"THE PROSPECT OF THE DEVELOPMENT OF CROWDFUNDING IN KAZAKHSTAN AS AN ALTERNATIVE FINANCING TOOL","authors":"Г. Даулиева, Н. Коксегенов","doi":"10.26577/be.2019.v127.i1.15","DOIUrl":"https://doi.org/10.26577/be.2019.v127.i1.15","url":null,"abstract":"The article discusses the new direction of financing small and medium businesses – crowdfunding. The definitions of the generic term «crowdfunding» and its particular manifestations – crowdinvesting and crowdlending are given. The example of France, one of the leaders in this area of financing in Europe, where banks and the government recognize the future importance of crowdfunding for the national economy, shows the possibilities of mutually beneficial partnership of this alternative type of financing with institutions. There is an expansion of the functions of crowdfunding platforms in order to maintain competitive advantage. Despite the marked growth of crowdfunding in the last two years and the recently shown interest of the government on the basis of such criteria as organization and size, variety of platforms, degree of national and international activity, the ratio of the banking system and the government, the conclusion is made its immaturity (underdevelopment of the organization, a negligible share of investment in the real economy, an insignificant volume of the market throughout the country, the lack of international cooperation).The stages of crowdfunding development are considered, the features of crowdlending and crowdinvesting, their differences from crowdfunding as a tool with non-financial reward are investigated. A description of the leading crowd sites in the world, as well as categories of popular projects. The article uses the methods of system and descriptive analysis, scientific abstraction, system approach. A brief analysis of the authors’ works investigating this problem is given.","PeriodicalId":34596,"journal":{"name":"Khabarshysy Ekonomika seriiasy","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2019-03-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44910237","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"COMPREHENSIVE METHODOLOGY FOR ASSESSING HUMAN CAPITAL AND PROBLEMS OF ITS ASSESSMENT","authors":"К. Черевач-Филипович, Оксана Когут","doi":"10.26577/be.2019.v127.i1.25","DOIUrl":"https://doi.org/10.26577/be.2019.v127.i1.25","url":null,"abstract":"The article discusses ways to assess human capital. In recent decades, the urgency of the problems associated with the assessment of human capital and its components has not only faded away, but also increased as the number of companies grew. The interest of economics in human creative abilities, in the ways of their formation and development has sharply increased. Issues of human capital valuation are of interest due to the complexity and versatility of this category, as well as its importance for the effective functioning of the economy. Given the intangible nature of human capital, manifested in the form of knowledge, skills, work and management skills, as well as its continuous accumulation and communication with specific employees, it should be noted that a specific set of criteria is less important than the process of measuring and using the information collected. The systems for evaluating human capital based on certain quantitative criteria are based on value and natural approaches to its definition. Methodological approaches to the economic definition of human capital, based on different models, develop ideas that provide new, more realistic options for evaluating human capital. The formation and development of human capital takes place with the direct participation of the family, the state, enterprises and various public funds. At present, when an employee of an organization must be constantly active in improving his abilities, it is necessary to take into account the fact that learning takes place throughout his life.","PeriodicalId":34596,"journal":{"name":"Khabarshysy Ekonomika seriiasy","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2019-03-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41551868","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"CRYPTOCURRENCY IN THE NEW ECONOMY: PROBLEMS AND PROSPECTS","authors":"М. Дарибаева, М. Таласбек","doi":"10.26577/be.2019.v127.i1.19","DOIUrl":"https://doi.org/10.26577/be.2019.v127.i1.19","url":null,"abstract":"For a couple of years, the cryptocurrency has made a splash in the world of economy, turning from virtual money into a huge market in its size and creating a new full-fledged ideology of money-crypto-economy. Cryptocurrency has a huge potential for development. Cryptocurrency is a digital currency that uses encryption technology to transfer value over the Internet. But today cryptocurrency is trading that most meets the needs of modern society. This form of currency works independently of the banking system and can use in many countries as cash. The relevance of the study is whether cryptocurrency has a positive impact on the development of the economy. The purpose of this article is studying the impact of the process of introduction and use of cryptocurrencies in the economy of Kazakhstan. This process is intensively developing.The key issue for a deeper understanding of the role cryptocurrency is determining their economic nature. Research methods include the stage of cryptocurrency analysis affecting the financial sector, the dynamics of the cryptocurrency market and the overall analysis of assets. For analysis, we paid attention to five cryptocurrencies with the largest capitalization and a large amount of data. The analysis revealed the main factors affecting the market price of cryptocurrency and ways to eliminate them. In addition, the main problems of introducing cryptocurrencies in Kazakhstan, such as the process of regulation of the cryptocurrency market identified and prospects analyzed. A new form of cryptocurrency uses proposed.","PeriodicalId":34596,"journal":{"name":"Khabarshysy Ekonomika seriiasy","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2019-03-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47618962","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"ORGANIZATIONAL AND ECONOMIC MECHANISMS FOR COMMERCIALIZATION OF GREEN TECHNOLOGIES IN KAZAKHSTAN","authors":"IrStI, A. Zhidebekkyzy, A. Trifilova, S. Gn","doi":"10.26577/be.2019.v127.i1.09","DOIUrl":"https://doi.org/10.26577/be.2019.v127.i1.09","url":null,"abstract":"Green technologies are essential tools to ensure sustainable development of the economy. The transition to a green economy requires changes in existing governance approaches, institutions, and markets. In this regard, authors analyzed the current state and implementation of green technology projects in Kazakhstan. Barriers identified through extensive literature review and semi-structured expert interviews were validated through discussions with with experts and twenty-one barriers have been categorized into six dimensions. They were placed on sheet by levels of authority to solve the problem and periods for changing the situation. Understanding various barriers leads to important lessons in designing policy instruments and institutions for diffusing green technologies. Research goal is to develop organizational and economic mechanisms for commercialization of green technologies in Kazakhstan. During the study, authors used comprehensive literature review, expert interviews, analysis and synthesis methods, and integral approach to elaborate mechanisms’ framework. As a result, objects and subjects, basic principles, appropriate organizational and economic instruments, tools, four goals and eleven objectives were proposed. The proposed framework permits managers and practitioners to make decisions in the most effective way.","PeriodicalId":34596,"journal":{"name":"Khabarshysy Ekonomika seriiasy","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2019-03-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48490332","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"ISLAMIC FINANCE IN KAZAKHSTAN: ADAPTATION OF FOREIGN EXPERIENCE","authors":"R. Sagiyeva, Л. Куанова","doi":"10.26577/BE.2019.V127.I1.13","DOIUrl":"https://doi.org/10.26577/BE.2019.V127.I1.13","url":null,"abstract":"The relevance of the title studied in the article is due to the specifics of Islamic Finance, which demonstrate their advantages and find distribution throughout the world, both in the countries of Muslim society and in developed European countries. As Islamic Finance in Kazakhstan has not been developed properly since 2009, the authors set a goal to study the experience and mechanism of better adaptation and integration of Islamic Finance in the financial sector of the country. Based on the analysis of international experience of application of Islamic financial instruments developed and proposed recommendations for enhancing their implementation and increase the impact on the real sector of the economy of the Republic of Kazakhstan.The results of the study showed that the problem of insufficient spread of Islamic banking and finance is using a more conservative model of development Islamic finance and the presence of some restrictive barriers of both prudential and social nature.Research results. The results of the study can be used for the successful spread of Islamic Finance in Kazakhstan, as well as to promote economic cooperation with the countries of the Islamic world.Application area. The results of the study can be used and applied to the successful experience of the implementation and development of Islamic Finance in Kazakhstan, and also with the economic cooperation of the countries of the Islamic world.","PeriodicalId":34596,"journal":{"name":"Khabarshysy Ekonomika seriiasy","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2019-03-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47418813","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}