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Determinants of Innovation Activity of Small and Medium-Sized Enterprises in Small Post-Soviet Countries

Author

Listed:
  • Karymshakov, Kamalbek

    (Kyrgyz-Turkish Manas University)

  • Sulaimanova, Burulcha

    (Kyrgyz-Turkish Manas University)

  • Aseinov, Dastan

    (Kyrgyz-Turkish Manas University)

Abstract

This paper aims to study the determinants of innovation activity of small and medium-sized enterprises in five small post-Soviet countries. Empirical analysis is based on the data from the fifth wave of the Business Environment and Enterprise Performance Survey. Innovation of SMEs is measured with five innovation practices. For each aspect of innovation probit model is applied. Estimation results shows that experience of managers has curvilinear effect on the innovation in SMEs. Moreover, foreign participation, export orientation and competitiveness in sectors are indicated as important condition for innovation by SMEs. Competition forces firms to innovate in order to survive, while openness of the economy provides with exporting opportunities and participation of the foreign capital. Especially the latter factor may significantly reduce costs of innovation through technological transformation from abroad.

Suggested Citation

  • Karymshakov, Kamalbek & Sulaimanova, Burulcha & Aseinov, Dastan, 2019. "Determinants of Innovation Activity of Small and Medium-Sized Enterprises in Small Post-Soviet Countries," Business and Economics Research Journal, Uludag University, Faculty of Economics and Administrative Sciences, vol. 10(1), pages 1-12, January.
    • Handle: RePEc:ris:buecrj:0373
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    Citations

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    Cited by:

    1. Katharina Friz & Jutta Günther, 2021. "Innovation and economic crisis in transition economies," Eurasian Business Review, Springer;Eurasia Business and Economics Society, vol. 11(4), pages 537-563, December.
    2. Kanayo K. Ogujiuba & Maria Eggink & Ebenezer Olamide, 2023. "Impact of Elements of Finance and Business Support on the SME Business Ecosystem in South Africa: An Econometric Analysis," Sustainability, MDPI, vol. 15(11), pages 1-19, May.

    More about this item

    Keywords

    Innovation; SME; Post-Soviet countries; Entrepreneurship;
    All these keywords.

    JEL classification:

    • L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D

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