02977ntm a22005177i 4500 000723240 CZ-PrVSE 20250614131007.0 m d cr n|||||||||| 250614s2025 xr fsbm 000 0 eng d NEZPRACOVANÝ IMPORT ABA006 cze ABA006 ABA006 rda Imangali, Unzila ISIS:153925 dis Development of the stock market in Kazakhstan eng Development of the stock market in Kazakhstan / Unzila Imangali 2025 ?? stran : digital, PDF soubor Vedoucí práce: Karel Brůna Diplomová práce (Ing.)—Vysoká škola ekonomická v Praze. Fakulta financí a účetnictví, 2025 Obsahuje bibliografii Textový (vysokoškolská kvalifikační práce) Rok obhajoby 2025 This thesis examines the evolution, current state, and future prospects of the stock market in the Republic of Kazakhstan. It begins by exploring the theoretical foundations of stock market functions and efficiency, followed by an in-depth historical and institutional analysis of Kazakhstan’s capital markets, with a particular focus on the Kazakhstan Stock Exchange (KASE) and Astana International Exchange (AIX). The research presents a comparative study between Kazakhstan’s stock market and those of other emerging economies, highlighting structural differences and convergence trends. An empirical assessment using weak-form Efficient Market Hypothesis (EMH) tests is conducted for the 2014–2024 period, revealing partial market efficiency with anomalies and investor behavior that deviate from classical theory. Finally, the thesis outlines strategic development scenarios for the Kazakh stock market through 2030, proposing policy recommendations aimed at enhancing liquidity, market depth, and integration with international financial systems. Způsob přístupu: Internet finance and accounting [obor dipl. práce] diplomové práce fd132022 czenas master's theses eczenas AIX KASE Market Efficiency EMH Stock Market Brůna, Karel, 1973- mzk2009543943 ths Boháčik, Ján ISIS:93498 opn Vysoká škola ekonomická v Praze. Fakulta financí a účetnictví kn20010709398 dgg https://insis.vse.cz/zp/87079/podrobnosti VŠKP v InSIS https://insis.vse.cz/zp/87079 Hlavní práce https://insis.vse.cz/zp/87079/posudek/vedouci Hodnocení vedoucího https://insis.vse.cz/zp/87079/posudek/oponent/86746 Oponentura https://insis.vse.cz/zp/87079/podrobnosti dc:identifier NEPOSILAT VSKP vse87079 250612 87079