Finance & Entrepreneurship Research Symposium

2017-07-31 14:32:31

Symposeum poster

The Research symposium will bring together leading academics, policy makers and researchers in the areas of Entrepreneurship and Finance. The symposium will have panel sessions with international and NU faculty and policymakers to discuss new research and implications for the Kazakh business environment. 

For whom

International scholars from the US, Europe  and Central Asia in Finance and Entrepreneurship.


The symposium will start with general keynotes and panel discussions addressing real world challenges that financial markets and entrepreneurs face in Central Asia.  

9:00 Registration (free)
9:15 Welcome Remarks
9:30  Keynote and Panel on Finance
10:30 Coffee Break
11:00 Keynote and Panel on Entrepreneurship
12:00 Doing Top quality Research: The What? How and Where?
12:45 Closing Remarks
13:00 Lunch
14:00 End
Optional Tour of NU


Finance Keynote: David Robinson 

How has the currency devaluation helped Kazakhstan diversify the economy? How will currency devaluation promote innovation and entrepreneurship? Without the creation of new businesses enterprises aimed at delivering innovation to the market, the economy may be unable to fully capitalize on the export opportunities offered by a weaker currency in a setting where most state-owned enterprises focus on natural resource development. 

Panel: David Robinson, Thierry Post, Nurlan Kussainov, Jozef Konings, Turalay Kenc, Marek Jochec

Entrepreneurship Keynote: Jon Fjeld 

The character of entrepreneurial action and the stimulus for innovation: reflections from a few places

Policy makers and researchers alike are interested in understanding what makes some regions hotbeds of entrepreneurship and others seemingly inert. Much work has been done on the institutional and environmental factors that make a location friendly to entrepreneurship. This talk will draw on personal experiences with entrepreneurs in regions around the globe and will reflect on differences in the stimulus to innovation. I will focus on some of the deep-seated cultural and social differences that directly affect entrepreneurial action. These reflections will lead to some thoughts on directions for research and policy.

Panel: Jon Fjeld, David Robinson, Ato Brown, Dmitry Khanin, Ralitza Nikolaeva, Taranjeet Singh, Patrick Duparcq

Top quality Research

Panel: David Robinson, Jozef Konings, Thierry Post, Ralitza Nikolaeva, Venkat Subramanian

The program is held in English with Russian simultaneous translation. 


Finance Keynote speakers:

fs_davidrDavid T. Robinson (Duke University)

David T. Robinson is a Professor of Finance and the J. Rex Fuqua Distinguished Professor of International Management at Duke University’s Fuqua School of Business, and a Research Associate at the National Bureau of Economic Research. He is an internationally recognized expert in the fields of private equity, venture capital and entrepreneurial finance. His work has appeared in leading academic journals in finance and economics and has been featured in the New York Times, The Wall Street Journal, The Financial Times, and The Economist. 


Thierry Post (NU GSB)

After completing his PhD in Finance at the Tinbergen Institute in 1999, Gerrit Tjeerd (Thierry) Post (1971) had functions as assistant professor, associate professor, full professor (Asset Pricing chair) and head of the Finance department at Erasmus School of Economics in Rotterdam, the Netherlands. His areas of interest are asset management, portfolio theory, asset pricing, behavioral finance and financial econometrics. He taught courses on these topics at BSc, MSc, PhD and MBA level, published over 50 articles in international refereed journals (including American Economic Review, Journal of Finance and Management Science) and published a textbook on Investments together with Prof. Haim Levy of the Hebrew University in Jerusalem. He also held visiting professor positions at Cass Business School of the City University in London and the Graduate School of Business of Koc University in Istanbul. His work on behavioral finance received widespread attention in the international media. In the industry, he headed the Quantitative Strategies department of Robeco Asset Management, a team of 20 dedicated quant researchers that develops quantitative equity and fixed income investment models and strategies for about 16bn euro assets under management.


Nurlan Kussainov (AIFC)

Nurlan Kussainov has been named Chief Executive Officer of the Astana International Financial Center Authority in 2016 after having served as Deputy Governor of Kazakhstan’s National Bank for two years. In the years prior he headed the Development Bank of Kazakhstan, Ulmus Resources and the Center for Marketing and Analytical Research and was a managing partner at Al Falah Capital Partners. Between 2000 and 20014, Mr Kussainov served in several government positions as a researcher and adviser at the Agency of Strategic Planning, as seconded specialist at the Energy Charter Secretariat working with the IEA in Brussels, as an advisor at the Ministry of Economic Affairs and Budget Planning and eventually as the Head of the WTO Accession Team at the office of Kazakhstan’s Ministry of Industry and Trade in Geneva. He started his career as a specialist in the procurement department at the Kazakhmys Corporation in 1996.

Marek Jochec (NU GSB)

Before joining Nazarbayev University, Marek spent five years as Assistant Professor of Finance at ISCTE Business School in Portugal, and two semesters at School of Commerce, University of Otago, New Zealand, as a visiting lecturer. Before his PhD, Marek was a lecturer of finance at KIMEP (Kazakhstan). Marek also holds MBA in Finance from Wharton and MA in Economics from Central European University. Marek’s major research interest is in Behavioral Finance. His paper “Patriotic Name Bias and Stock Returns” (Journal of Financial Markets, 2013) was cited by Robert Shiller in his Nobel Prize acceptance lecture. Marek also wrote articles in market microstructure and asset management. Marek’s teaching interests are Corporate Finance, International Finance, Financial Modeling, Project Evaluation, and Valuation. Before starting an academic career, Marek briefly worked as consultant at Roland Berger and Partner and was an intern with JP Morgan in London.


Turalay Kenc 

Turalay Kenc earned his PhD in economics at the University of York in the United Kingdom and has held academic positions at a number of UK universities including the University of Cambridge, Birkbeck College at the University of London, the University of Durham, the University of Manchester and Imperial College London.
Professor Turalay Kenc is a deputy chairman of the Central Bank of the Republic of Turkey in Kazakhstan, Professor of economics at International Business School, and a member of the board at Forte Bank.


Entrepreneurship Keynote speakers:


Jon Fjeld (Duke University)

Professor of the Practice of Strategy Executive Director, Center for Entrepreneurship and Innovation. Jon Fjeld has been teaching entrepreneurship and strategy, and leading the entrepreneurship efforts at Fuqua since 2005. Before returning to academia, he spent over twenty years in marketing, engineering and general management in start-ups and public companies. Fjeld holds a Ph.D. and MA in philosophy from the University of Toronto, an MBA from Duke University, an MS in computer science from the University of North Carolina at Chapel Hill, and a BA in mathematics and philosophy from Bishop’s University.


Dmitry Khanin (NU GSB)

Dmitry Khanin is an Associate Professor of Organizational Behavior and Entrepreneurship. His research is located at the intersection of organizational behavior and entrepreneurship as well as organizational behavior and family business. Specifically, Dmitry has researched venture capitalists’ and entrepreneurs’ decision making (especially decision making biases), conflicts between venture capitalists and entrepreneurs, entrepreneur regret, entrepreneurs’ intrinsic vs. extrinsic motivation, social entrepreneurship, family’s commitment to family business, turnover in family business, barriers to entrepreneurship, incompetence traps that undermine individual learning, etc. In addition, Dmitry has done research in the areas of strategic management and international business, specifically on corporate restatements and boards of directors, venture capitalists’ networks and international alliances.


Ato Brown (World Bank)

Ato Brown began his tenure as the new Country Manager of the World Bank for Kazakhstan in the Europe and Central Asia Region on February 15, 2016.  Before this assignment, he was the Country Manager for Sierra Leone in the Africa Region (2012-2015) engaged in strategic country dialogue with Government, Development Partners and the Civil Society as well as supervised the preparation and management of a broad range of development projects.  He also successfully led the World Bank Group’s response to the Ebola Pandemic in the country. 


Taranjeet Singh (KornFerry HayGroup Kazakhstan)

Taranjeet Singh is an experienced professional with over two decades of experience in the Consulting. Experienced in the area of Business and Organizational Transformation, he brings to the table a detailed understanding of key considerations relating to enhancing organization efficiencies, performance and productivity improvement, value realization, leadership and cultural assessment, strategic planning, and employee engagement exercises to name a few. Taranjeet has been involved in a variety of engagements involving Governments, GovernmentLinked Companies as well as notable Multi-National Cos. Having been involved in privatisation and corporatisation studies as well as Merger & Aquisition related engagements, he has also experience in driving enhanced shareholder value through, amongst other things, Top Executive Compensation Programs; Performance Management initiatives; Employee Engagement studies, targeted Change Management programs, integrated Talent Management interventions as well as Organization Productivity studies. 


Josef Konings (NU SHSS)

Joep Konings obtained his PhD in Economics (labor econ.) at the London School of Economics in 1994, where he was a student of the Nobel prize winner Christopher Pissarides. Konings’ research focuses on firm dynamics and globalization, international trade and micro channels of macroeconomic fluctuations. This includes work on exchange rate pass-through, international competitiveness of firms, productivity growth and labor market distortions. In this context, he has written books that deal with the ‘Enlargement of the European Union with Turkey’ and ‘Reforming the Labor Market in Belgium’. Konings has published various papers in leading academic journals, such as the American Economic Review, The Review of Economics and Statistics, The Journal of International Economics and the Economic Journal. Under his supervision over a dozen of PhD students graduated mainly specializing in empirical economics and took up positions in top universities, such as Princeton University, IESE Business School and LSE, or in International Institutes, such as the European Central Bank. 

Venue: Block C3, 3015 room, Nazarbayev University Graduate School of Business, 53 Kabanbay Batyr Ave., Astana.

Date: August 29, 2017.

Price: Free for faculty of Central Asian Business Schools (as capacity permits)

Our contacts:

Subramanian Venkat
Associate Professor
Miras Kussainov
8 (7172) 70 93 43