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Formalizing the investment selection process of the Development Bank of Kazakhstan

Author

Listed:
  • Dulat Shukayev

    (NJSC, Kazakhstan Author-2-Name: Zhanar Lamasheva Author-2-Workplace-Name: NJSC, Kazakhstan Author-3-Name: Almira Ayapbergenova Author-3-Workplace-Name: NJSC, Kazakhstan Author-4-Name: Bimurat Z. Author-4-Workplace-Name: NJSC, Kazakhstan)

Abstract

"Objective � This article presents a functional diagram for implementing the investment program of the Development Bank of Kazakhstan and builds an outline of the pre-investment evaluation process. Methodology/Technique � A stepwise algorithm is created to conduct a preliminary appraisal of business proposals, and the criteria for assessing the borrower's condition are identified. Key criteria used in the investment performance analysis are discussed. The article develops a computer simulation approach to analysis and decision-making with respect to investment programs, with consideration of analytically non-formalisable stochastic distributions of parameters and processes. The paper also proposes a new method for optimizing the allocation of funds, given various priorities and risks, taking into account the instability and possible ill-conditioning of the optimization problem. Findings � The article formalizes the main stages of Development Bank's pre-investment activities in support of the government's innovative industrial development policy in the country's economy Novelty � Presented models and algorithms of the functional tasks for implementation of investment activities are sufficiently general to be relevant, not only for implementing the government's strategy in this direction, but also for the business interests of any bank or investment entity."

Suggested Citation

  • Dulat Shukayev, 2017. "Formalizing the investment selection process of the Development Bank of Kazakhstan," GATR Journals jfbr118, Global Academy of Training and Research (GATR) Enterprise.
    • Handle: RePEc:gtr:gatrjs:jfbr118
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    References listed on IDEAS

    as
    1. Mehran, Hamid & Stulz, Rene M., 2007. "The economics of conflicts of interest in financial institutions," Journal of Financial Economics, Elsevier, vol. 85(2), pages 267-296, August.
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    4. Yao, Haixiang & Zeng, Yan & Chen, Shumin, 2013. "Multi-period mean–variance asset–liability management with uncontrolled cash flow and uncertain time-horizon," Economic Modelling, Elsevier, vol. 30(C), pages 492-500.
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    More about this item

    Keywords

    Investment Selection Process; Development Bank of Kazakhstan; Investment Activities; Business Proposals; Optimizing.;
    All these keywords.

    JEL classification:

    • G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages

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