ESC
Web of Science
Entrepreneurship and Sustainability Issues Open Access
Scopus - coverage starting with 2017 material
Received: 2017-03-27  |  Accepted: 2017-07-20  |  Published: 2017-09-29

Title

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


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.


Keywords

entrepreneurship ecosystem, trust, business risks, economics, Kazakhstan, SMEs, corruption, state


JEL classifications

O15 , O50 , O53 , P40 , P47


URI

http://jssidoi.org/jesi/article/136


DOI


HAL


Pages

105-115


This is an open access issue and all published articles are licensed under a
Creative Commons Attribution 4.0 International License

Authors

Petrenko, Elena
South Ural State University, Chelyabinsk, Russian Federation http://www.susu.ru
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Iskakov, Nurlan
Almaty Management University, Almaty, Kazakhstan http://www.almau.edu.kz
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Metsyk, Oleg
Institute of Economics, The Ural Branch of Russian Academy of Sciences, Yekaterinburg, Russian Federation http://www.uiec.ru
Articles by this author in: CrossRef |  Google Scholar

Khassanova, Tatyana
South Ural State University, Chelyabinsk, Russian Federation http://www.susu.ru
Articles by this author in: CrossRef |  Google Scholar

Journal title

Entrepreneurship and Sustainability Issues

Volume

5


Number

1


Issue date

September 2017


Issue DOI


ISSN

ISSN 2345-0282 (online)


Publisher

VšĮ Entrepreneurship and Sustainability Center, Vilnius, Lithuania

Cited

Google Scholar

Article views & downloads

HTML views: 656  |  PDF downloads: 321

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