Key factors influencing the growth of small and medium-sized business in emerging economies: the case of Kazakhstan

Alibek Baitursunov (), Aigul Aitzhanova (), Laura Kopbaeva (), Nazym Nurpeisova () and Leila Nurpeisova ()
Additional contact information
Alibek Baitursunov: Kazakh Ablai Khan University of International Relations and World Languages, Kazakhstan
Aigul Aitzhanova: Kazakh Ablai Khan University of International Relations and World Languages, Kazakhstan
Laura Kopbaeva: Almaty Management University, Kazakhstan
Nazym Nurpeisova: Almaty Technological University, Kazakhstan
Leila Nurpeisova: Kazakh Ablai Khan University of International Relations and World Languages, Kazakhstan

Entrepreneurship and Sustainability Issues, 2025, vol. 12, issue 4, 312-324

Abstract: This paper explores the key factors affecting the development of small and medium enterprises (SMEs) in emerging economies, specifically focusing on Kazakhstan. The primary goal is to identify key facets of the institutional environment that positively affect the development of SMEs and to assess the challenges and opportunities faced by these businesses in the Kazakhstani context. The study uses a mixed-methods approach that combines quantitative data analysis from national economic reports with qualitative insights gathered through interviews with SME owners and stakeholders. The results indicate that while SMEs in Kazakhstan contribute significantly to economic development, they encounter barriers such as limited access to finance, regulatory hurdles, and market competition. However, the findings also highlight emerging opportunities in digital transformation and government support initiatives to foster entrepreneurship. This research contributes to the understanding of SME growth in emerging markets and offers policy recommendations to enhance the sustainability and competitiveness of SMEs in Kazakhstan.

Keywords: SMEs; economic development; governmental support; institutions; entrepreneurship (search for similar items in EconPapers)
JEL-codes: K20 L26 (search for similar items in EconPapers)
Date: 2025
References: Add references at CitEc
Citations:

Downloads: (external link)
https://jssidoi.org/jesi/uploads/articles/48/Baitu ... se_of_Kazakhstan.pdf (application/pdf)
https://jssidoi.org/jesi/article/1316 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ssi:jouesi:v:12:y:2025:i:4:p:312-324

DOI: 10.9770/m3684392483

Access Statistics for this article

Entrepreneurship and Sustainability Issues is currently edited by Manuela Tvaronaviciene

More articles in Entrepreneurship and Sustainability Issues from VsI Entrepreneurship and Sustainability Center
Bibliographic data for series maintained by Manuela Tvaronaviciene ().