Research and insights

X-Trader.net · 2004-11-26

Are financial markets efficient?

Author's material by Alexey de la Loma about the hypothesis of the efficiency of financial markets and quantitative approaches to testing it. Original in Spanish.

X-Trader.net · 2003-09-12

Mental Accounting

An article by Alexey de la Loma about mental accounting in the context of finance and the behavior of market participants. Original in Spanish.

X-Trader.net · 2003-06-07

Elder and market psychology

Author's review by Alexey de la Loma, dedicated to the ideas of Alexander Elder and the role of controlling emotions in the financial market. Original in Spanish.

X-Trader.net · 2006-10-16

Interview with Alexey de la Loma

Interview with X-Trader.net about professional path, financial markets and money management. Original in Spanish.

Published · August 2026

145

respondents — SME owners and managers in Kazakhstan

Perceived usefulness of AI tools in SME financial planning

A study by Executive MBA participant Ivan Kononov (SITE Geneva — BGA Kazakhstan). Supervisor: Rafkhat Bozbaliyev.

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In progress · Q4 2026

2026 — publication and a round table with ministries

Entrepreneurs' awareness of state business-support measures

With Data Hunters Research. Followed by a round table with the relevant ministries, the Damu Fund and the Atameken Chamber.

Analytical notes

The AI competency gap in Central Asian C-suites
Participant retention on Executive MBA programmes
Pan-regional economic integration: Kazakhstan, Uzbekistan, Azerbaijan

Topics planned for 2027

Trade with ChinaAgricultureIT and Astana HubUS investment in the regionLogisticsRegional business atlases

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Expert insights

Six columns — from the founder's notes to pan-regional reviews. Published on LinkedIn and in business media.

Panregional Lens

September 2026

Kazakhstan, Uzbekistan, Azerbaijan: why we treat them as one market

Shared supply chains, similar management challenges and one language of business — the case for a pan-regional approach to executive education.

Executive Insights

The AI competency gap on Central Asian boards and in the C-suite

Why AI has become a board-level question and what an owner should do about it.

Executive Playbook

SPIN in B2B sales: how to run a diagnostic meeting

Situation, problem, implication and need-payoff questions — the method BGA's own sales team works by.

BGA Research

AI in SME financial planning: what a survey of 145 owners showed

Key findings of the Executive MBA study and what they mean for banks and consultants.

BGA Outlook