Sustainable Development of Small Business in Kazakhstan

Venera Zarubina, Mikhail Zarubin (), Zhaukhar Yessenkulova, Tursyngul Gumarova, Almira Daulbayeva, Zhuldyz Meimankulova and Aizhan Kurmangalieva
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Venera Zarubina: Department of Social and Economic Disciplines, Kostanay Engineering and Economic University Named after M. Dulatov, Kostanay 110000, Kazakhstan
Mikhail Zarubin: Department of Information Technology and Automation, Kostanay Engineering and Economic University named after M. Dulatov, Kostanay 110000, Kazakhstan
Zhaukhar Yessenkulova: School of Arts and Social Sciences, Narxoz University, Almaty 050035, Kazakhstan
Tursyngul Gumarova: School of Arts and Social Sciences, Narxoz University, Almaty 050035, Kazakhstan
Almira Daulbayeva: School of Arts and Social Sciences, Narxoz University, Almaty 050035, Kazakhstan
Zhuldyz Meimankulova: School of Arts and Social Sciences, Narxoz University, Almaty 050035, Kazakhstan
Aizhan Kurmangalieva: Department of Economics and Finance, Akhmet Baitursynuly Kostanay Regional University, Kostanay 110000, Kazakhstan

Economies, 2024, vol. 12, issue 9, 1-18

Abstract: The small business sector in Kazakhstan demonstrates dynamic growth, but its sustainable development in modern conditions requires activation from government agencies, society and entrepreneurs themselves. The purpose of the article was to study the development of small entrepreneurship in Kazakhstan and develop a mechanism for sustainable development based on network interaction “business entities–society–state” with the identification of priority areas of development based on a rating approach. The methods of bibliographic analysis of scientific literature, statistical, correlation analysis, survey, comparative analysis and ranking based on data normalization were used. The results revealed the need to formalize indicators of sustainable development of the small business sector in strategic development programs; create conditions, support, explain the importance and prospects of investing in sustainable innovations by small businesses and form a balanced strategy for achieving carbon neutrality based on network interaction “business entities–society–state” with the identification of priority areas of development based on a rating approach to ensure transparency and publicity of decisions made. Conclusions were made about the need to popularize sustainable development among business entities, stimulate investment activity through government participation, enact legislative regulation of public presentation of non-financial reporting, and assist society in the formation of an ESG culture.

Keywords: small business; Kazakhstan; sustainable development; ESG; responsible investment; network interaction “business entities–society–state” (search for similar items in EconPapers)
JEL-codes: E F I J O Q (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:gam:jecomi:v:12:y:2024:i:9:p:247-:d:1478180

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