DBA graduate conducts quantitative study on Financial Inclusion
The study covered Kazakhstan, Russia, and Azerbaijan
Assel Narymbetova explores Financial Inclusion in Kazakhstan, Russia, and Azerbaijan in her DBA thesis
After graduating in 2008 from the Kazakh University of Economics, specializing in Finance and International Trade, Assel went on to study a Master in Applied Economics at Duke University (2009 – 2011) and then came to Geneva Business School to undertake her Doctor of Business Administration in February 2018.
The study results indicated that Kazakhstan, Russia, and Azerbaijan have three common determinants of financial inclusion â€“ education level, income level, and employment status. Another common conclusion for all three countries is that gender does not play a role and cannot be considered a determinant of financial inclusion. Age was the only significant variable when the findings for the three countries were different.
For Kazakhstan, age is a determinant of having an official financial account and formal borrowing case. For Russia, it is a determinant for formal saving and borrowing. Azerbaijan is the only country where age does play a role in all financial inclusion indicators.
The conclusions from the descriptive statistics’ overview and the results of the model’s estimations were discussed together and compared between countries. As a result, a set of recommendations on how to increase the level of financial inclusion in Kazakhstan, Russia, and Azerbaijan were derived, and suggestions for further research were offered.
Assel shares her experience of the DBA Program:
Read Assel’s article A Man is Not a Plan, on building financial independence for women in the Geneva Business School Magazine and learn her 10 steps to building financial independence.