Anna A. Larionova

Role of Employers in the Formation of Educational Programs and Resources for Training of Specialists in Service Sphere.

Purpose Actuality of this subject is predetermined by the fact that global competitiveness and expansion of exchange of knowledge made employers not only increase requirements to factual results of the study at all levels of education but also announce the necessity of formation of new qualities with graduates. The purpose of this paper is to develop a complex of recommendations for employers’ participation in the formation of educational programs for preparing specialists in the service sphere, aimed at improving education quality and the demand for graduates in the labor market. Design/methodology/approach A method which leads to the study of this problem is desk methods of research. For an evaluation of the results of realization of educational programs and use of educational resources for training of specialists in the service sphere, the authors conducted a survey of employers (representatives of service sphere); the selection constituted 300 people. Findings The paper determines scientifically substantiated directions of activities for the participation of employers in the formation of educational programs and resources for training of specialists in the service sphere. The authors developed a model of interconnection of purposes and results of employers’ participation in the realization of educational programs, formation, and use of educational resources. Originality/value The practical significance of this research consists in the fact that received results and offers could be used by educational establishments, employers, and professional associations.

Model of Evaluation of Influence of Globalization on the National Stock Market

Purpose: To develop an optimal portfolio of securities built upon consideration of the effects of globalization. Main arguments: For such portfolio to be developed, a complex solution based on the econometric approach first applied by W.F. Sharpe in his diagonal model is needed. If we assume that globalization influences market indicators, we can use them to identify a set of orthogonal factors as principal components. We could use a description of globalization based on Sharpe’s methodology to build a model of portfolio, were it not for the incongruence between the level of measurement of profitability of principal components and that of financial assets. Our hypothesis is that this problem of incongruence can be solved by using a two-level mechanism of profitability formation which considers the effects of globalization on the market and, by extension, on assets. Main results: A model of securities portfolio based on a two-level mechanism of reproduction of the effects of globalization allows us to conclude that globalization influences profitability of assets indirectly, through its impact on the average profitability of the national market. In other words, portfolio risks are lower if a portfolio is built upon consideration of the effects of globalization.