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

Elena Petrenko, Sergey Pizikov, Nurlan Mukaliev () and Anuar Mukazhan ()
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Elena Petrenko: PRUE - Plekhanov Russian University of Economics [Moscow]
Sergey Pizikov: Foundation for Informational Support of Society Development
Nurlan Mukaliev: Vima LLP
Anuar Mukazhan: Tsesnabank JSC

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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)
Date: 2018-09-30
New Economics Papers: this item is included in nep-cis
Note: View the original document on HAL open archive server: https://hal.science/hal-02166969
References: View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Published in Entrepreneurship and Sustainability Issues, 2018, 6 (1), pp.398-410. ⟨10.9770/jesi.2018.6.1(24)⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-02166969

DOI: 10.9770/jesi.2018.6.1(24)

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