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Impact of production and transaction costs on companies’ performance according assessments of experts

Author

Listed:
  • Yelena Petrenko

    (Plekhanov Russian University of Economics, Russian Federation)

  • Sergey Pizikov

    (Foundation for Informational Support of Society Development, Kazakhstan)

  • Nurlan Mukaliev

    (Vima LLP, Kazakhstan)

  • Anuar Mukazhan

    (Tsesnabank JSC, Kazakhstan)

Abstract

Kazakhstan now actively supports the development of entrepreneurship and conducts diversification of the economy. However, the recent crisis has changed the world market and business performance in the country has deteriorated significantly. The presented research studies the directions and reasons for the growth of costs. Based on a mass survey of entrepreneurs, the impact of production and transaction costs on the activities of businesses was assessed. Reducing administrative barriers should also reduce costs across the entire front line between government and business. However, in the process of decisions development on priority areas for reducing costs, evaluations of experts unite and lose coherence. Economic assessments turn into political ones, while the degree of consensus (concordance) of opinions is low. This limits the reliability of the final data and the possibility of their application. In this study, the consistency assessment was carried out using the concordance coefficient.

Suggested Citation

  • Yelena Petrenko & Sergey Pizikov & Nurlan Mukaliev & Anuar Mukazhan, 2018. "Impact of production and transaction costs on companies’ performance according assessments of experts," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 6(1), pages 398-410, September.
    • Handle: RePEc:ssi:jouesi:v:6:y:2018:i:1:p:398-410
    DOI: 10.9770/jesi.2018.6.1(24)
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    Citations

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    Cited by:

    1. Emil Velinov & Yelena Petrenko & Elena Vechkinzova & Igor Denisov & Luis Ochoa Siguencia & Zofia Gródek-Szostak, 2020. "“Leaky Bucket” of Kazakhstan’s Power Grid: Losses and Inefficient Distribution of Electric Power," Energies, MDPI, vol. 13(11), pages 1-19, June.
    2. Vincent Yuansang Zha, 2021. "The Burst Market: the Next Leap for Humanity," Papers 2112.06646, arXiv.org, revised Jan 2024.
    3. Yelena Petrenko & Igor Denisov & Gaukhar Koshebayeva & Valeriy Biryukov, 2020. "Energy Efficiency of Kazakhstan Enterprises: Unexpected Findings," Energies, MDPI, vol. 13(5), pages 1-20, February.

    More about this item

    Keywords

    entrepreneurship; business; production costs; transaction costs; survey; experts; consistency assessment; concordance; Kazakhstan;
    All these keywords.

    JEL classification:

    • C81 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Methodology for Collecting, Estimating, and Organizing Microeconomic Data; Data Access
    • C83 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Survey Methods; Sampling Methods

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