Impact of production and transaction costs on companies’ performance according assessments of experts

Yelena Petrenko (), Sergey Pizikov (), Nurlan Mukaliev () and Anuar Mukazhan ()
Additional contact information
Yelena Petrenko: Plekhanov Russian University of Economics, Russian Federation
Sergey Pizikov: Foundation for Informational Support of Society Development, Kazakhstan
Nurlan Mukaliev: Vima LLP, Kazakhstan
Anuar Mukazhan: Tsesnabank JSC, Kazakhstan

Entrepreneurship and Sustainability Issues, 2018, vol. 6, issue 1, 398-410

Abstract: Kazakhstan now actively supports the development of entrepreneurship and conducts diversification of the economy. However, the recent crisis has changed the world market and business performance in the country has deteriorated significantly. The presented research studies the directions and reasons for the growth of costs. Based on a mass survey of entrepreneurs, the impact of production and transaction costs on the activities of businesses was assessed. Reducing administrative barriers should also reduce costs across the entire front line between government and business. However, in the process of decisions development on priority areas for reducing costs, evaluations of experts unite and lose coherence. Economic assessments turn into political ones, while the degree of consensus (concordance) of opinions is low. This limits the reliability of the final data and the possibility of their application. In this study, the consistency assessment was carried out using the concordance coefficient.

Keywords: entrepreneurship; business; production costs; transaction costs; survey; experts; consistency assessment; concordance; Kazakhstan (search for similar items in EconPapers)
JEL-codes: C81 C83 (search for similar items in EconPapers)
Date: 2018
References: View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:ssi:jouesi:v:6:y:2018:i:1:p:398-410

DOI: 10.9770/jesi.2018.6.1(24)

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