Реферат: Now-a-days, an AC is being looked upon as a distinct culture for CG and has received a wide-publicity across the globe. Government authorities, regulators and international bodies all have indicated that they view an AC as a potentially powerful tool that can enhance the reliability and transparency of financial information. Being mandatory under SEBI\'s Clause 49 of the Listing Agreement, an AC can be of great help to the board in implementing, monitoring and continuing \'good\' CG practices to the benefit of the corporation and all its stakeholders. This study performs a \'content\' analysis on the AC reports of the top 500 listed companies in India during 2005 to 2008 to determine the information content of these reports and the extent to which these reports conform to the Clause 49 requirements of the SEBI. Also, discussed are the various trends about an AC characteristics viz., size, composition, activity, as well as, the extent of non-audit services provided by auditors in the top 500 listed Indian companies. No doubt, it is essential for the Indian corporations to accept and continue with the CG reforms that are \'demarcated\' by the challenges of the \'new\' millennium.
HRM-market performance relationship: evidence from Bangladeshi organizations
Ключевые слова: управление человеческими ресурсами*обрабатывающая промышленность*Бангладеш*корпоративная культура управления*
Реферат: The purpose of this paper is to examine the impact of human resource management (HRM) practices on the market performance of manufacturing industries in Bangladesh. As one of the pioneer studies, it is hoped that this research will convince organizations that by adopting systematic and efficient HRM practices, they will achieve competitive advantages. A quantitative survey was used to gather data from publicly listed, large manufacturing companies in Bangladesh. Modified questionnaires were used to measure the adoption of HRM practices and the perceived market performance of the organizations. The statistical programme, SPSS, was used to analyse and interpret the results. The study revealed that HRM practices have a positive impact on organizations\' market performance. However, among different HRM practices, the performance appraisal seems to have the highest impact. Among the others, employee training and development, and the compensation practices were shown to have higher positive impacts than recruitment and selection practices.
Best practices or best fit: transferring management knowledge in international consulting assignment
Реферат: Management consulting has become as an international profession and consultants render their services to the global clients in a fashionable way. But, cross-cultural gap could jeopardize the success of management consultants. Based on secondary literature, the paper highlights differences in national cultural contexts and argued to consider contextual factors before advocating standardized management ideas and practices. It suggests blending standardized knowledge with local requirements for successfully international consulting assignments.
Kazakhstan: constructing identity in a post-Soviet society
Автор(ы): Касенова Н.*Скотт Спер*
Объем документа: С. 135-151
МРНТИ: 11.15.37
Ключевые слова: страны Центральной Азии*идеологический контекст страны*политические договоренности*роль этничности*
Реферат: One of the problems with the now independent countries of Central Asia is that they have little history of independent statehood and even less experience of any ideological context that legitimizes a specific set of political arrangements, other than the discredited Marxist model of the Soviet system. Neither habit nor attachment to a coherent set of political ideals is very helpful as the basis for individual identification with or support of the State. Perhaps as a consequence, political operatives in Central Asian countries have opted to emphasize the centrality of ethnicity to legitimize their current political arrangements. But in Kazakhstan this presents a potential problem - the country is ethnically very diverse, has a large Russian/Slavic population and the \'core nation\' of ethnic Kazakhs comprises a bare majority of Kazakh citizens. We utilize survey research to test the influence such factors as ethnicity, religion and other nexus of identity have on feelings of attachment to the state. Our findings indicate that identifying as \'Kazakh\' indeed has a positive effect on identification with the state, as do identifying as Sunni Muslim and \'Asian\'. However, institutional trust and economic well-being are also positive influences on affective regard for the state, allowing an opening for broadening and deepening the basis for state legitimacy.
Внутренние и внешние факторы развития государственно-частного партнерства в России
Реферат: В статье рассматриваются факторы, обеспечивающие развитие государственно-частного партнерства (ГЧП) в России. Факторы классифицированы на внутренние и внешние. Делается вывод о необходимости более взвешенного подхода к оценке положительных сторон ГЧП и его возможных недостатков, поскольку инновации в ГЧП не гарантированы и партнерский проект может быть более дорогостоящим по сравнению с предоставлением услуг государством.
Concessionary nature of public-private partnerships in Russia and Kazakhstan: a critical review
Реферат: This article provides a critical overview of Public-Private Partnerships (PPPs) in Russia and Kazakhstan and examines the rationale underpinning such partnerships. The analysis discusses the reasons why governments in Russia and Kazakhstan focus principally on concessions as a form of PPP and goes on to provide a critical assessment of the key approaches and situational factors relating to concessions in these two countries. The article finds that external globalization impulses pressed Russia and Kazakhstan to align their policies and institutions with western orthodoxy and perceived international best practice. An ever-increasing emphasis on use of PPPs has been a key feature of this alignment. However, the governments of Russia and Kazakhstan have increasingly resorted to concessions as progress with the development and implementation of Western style PPP models has stalled. This article concludes that the governments of Russia and Kazakhstan have demonstrated an overly optimistic approach to PPP and as a result may have substantially understated their overall concessional risks and costs. Features of Russian and Kazakhstani PPP arrangements such as ambiguity in output specification and extensive reliance on government subsidies, combined with lack of expertise of private partners, may significantly decrease concession benefits.
What drives the employment of public-private partnerships in Kazakhstan and Russia: value for money?
Реферат: Public-private partnerships (PPPs) are employed in many countries as an alternative met┐hod of public service provision in which partners from the public and private sectors share their re┐sources, responsibilities, and risks. The paper concludes that public policy in the two countries is the major driving force for PPP development although the value for money concept and transaction cost economics appear to be neglected. The emerging PPP policy paradigm in Kazakhstan and Russia has facilitated PPP development in recent years, since 2005. However, lack of reliable solutions and instruments for PPP formation and implementation significantly slows down PPP expansion.
Professional development for company directors - a strategic leadership opportunity for HR? The case of Air Astana
Автор(ы): Пол Дэвис*Уильям Каллахан*
Объем документа: С. 268-272
МРНТИ: 06.35.35
Ключевые слова: корпоративное обучение руководства*повышение квалификации специалистов*корпоративное управление*экономика Казахстана*
Реферат: This paper aims to explore potential opportunities for corporate learning and development functions to play a strategic leadership role by meeting the professional development needs of company directors. Learning and development professionals in listed companies can play a heightened strategic and influencing role in corporate governance by better equipping directors to perform their duties well. Air Astana is a rapidly expanding company in a highly competitive and universally significant industry. Kazakhstan is a new country without a history of private companies. Kazakhstan is one of the world\'s fastest developing economies.
The global training deficit: the scarcity of formal and informal professional development opportunities for women entrepreneurs
Автор(ы): Пол Дэвис*
Объем документа: С. 19-25
МРНТИ: 06.35.35
Ключевые слова: обучение женщин-предпринимателей*профессиональное развитие*
Реферат: The purpose of this paper is to highlight the global dearth of training options to support women entrepreneurs and to forward a set of recommendations to better meet the learning needs of women who own their businesses. The paper provides a thorough literature review on the topic, which examines the learning and training experiences of female entrepreneurs in a wide range of disparate societies. The implications are that countries are hindering economic activity6 growth and prosperity by ignoring the professional development needs of women business owners. The topic of professional development opportunities for women entrepreneurs6 especially a comprehensive international comparison6 appears to be a first in the literature. The value of the piece is that agencies supporting small business and|or women can identify ways in which they can improve service delivery and outcomes.
On return and risk in carry trades: A case of the Pak Rupee
Реферат: This paper examines return and risk in Japanese-yen-6 Swiss-franc- and US dollarfunded carry trades in the Pak rupee over the period 1995:01-2010:06. Results show that carry trades outperform the S&P 6 Swiss and Nikkei stock market indices. The results also show that the yen-funded carry trade produces both the highest average annualized return and interest differential of 8.6% and 16.7% respectively6 whereas the US-dollarfunded carry trade produces the lowest average annualized return and interest differential of 5.21% and 12.03% respectively. However, the percentage of positive returns in the latter is 24% higher than the percentage of positive returns in the former. In addition6 carry trade produces the highest Sharpe ratio when the Pak rupee is paired with the US dollar rather than when it is paired with the Japanese yen and Swiss franc6 implying that the risk-adjusted return is the highest in the Pak rupee pair with the US dollar.