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.

Details

Title
Ecosystem of entrepreneurship: risks related to loss of trust in stability of economic environment in Kazakhstan
Author
Petrenko, Yelena  VIAFID ORCID Logo  ; Iskakov, Nurlan  VIAFID ORCID Logo  ; Metsyk, Oleg  VIAFID ORCID Logo  ; Khassanova, Tatyana  VIAFID ORCID Logo 
Pages
105-115
Publication year
2017
Publication date
Sep 2017
e-ISSN
23450282
Source type
Scholarly Journal
Language of publication
English
DOI
https://doi.org/10.9770/jesi.2017.5.1(8)
ProQuest document ID
2468434800
Copyright
© 2017. This work is published under http://creativecommons.org/licenses/by/4.0/ (the “License”). Notwithstanding the ProQuest Terms and Conditions, you may use this content in accordance with the terms of the License.