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Ecosystem of entrepreneurship: risks related to loss of trust in stability of economic environment in Kazakhstan

Author

Listed:
  • Elena Petrenko

    (SUSU - South Ural State University)

  • Nurlan Iskakov

    (Almaty Management University)

  • Oleg Metsyk

    (Institute of Economics, The Ural Branch of Russian Academy of Sciences)

  • Tatyana Khassanova

    (SUSU - South Ural State University)

Abstract

Favorable ecosystem of entrepreneurship plays crucial role for successful development of small and medium enterprises (SMEs) and their sustainability. One of preconditioms of encouraging business environment is its' stability, and trust in long-term stability. Meanwhile the global economic crisis has created a state of economic and political instability, what consequently affected trust of business entities, and therefore contributed to increase of social and economic risks. The article discusses the decline of trust in the entrepreneurship of Kazakhstan, examines the causes and consequences of loss of confidence as an important institutional resource.

Suggested Citation

  • Elena Petrenko & Nurlan Iskakov & Oleg Metsyk & Tatyana Khassanova, 2017. "Ecosystem of entrepreneurship: risks related to loss of trust in stability of economic environment in Kazakhstan," Post-Print hal-01724560, HAL.
    • Handle: RePEc:hal:journl:hal-01724560
    DOI: 10.9770/jesi.2017.5.1(8)
    Note: View the original document on HAL open archive server: https://hal.science/hal-01724560
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    Cited by:

    1. Jan Dvorsky & Zora Petrakova & Jiri Polach, 2019. "Assessing The Market, Financial And Economic Risk Sources By Czech And Slovak Smes," International Journal of Entrepreneurial Knowledge, Center for International Scientific Research of VSO and VSPP, vol. 7(2), pages 30-40, December.
    2. 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

    Kazakhstan; economics; business risks; state; corruption; SMEs; entrepreneurship ecosystem; trust;
    All these keywords.

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