Influence of Environmental Factors and Impact on Financing Innovation of SMEs
Abstract
The article is devoted to the development and financing of innovations of small and medium-sized enterprises (SMEs) in the Republic of Kazakhstan, which is recognized in the world as an effective lever for ensuring the country's economic growth, since the main part of Kazakhstan's budget revenues is tax revenues from businesses and citizens: it is through them that expenses are financed state (along with borrowed funds). Particular attention is paid to the creation of SMEs around new innovative enterprises using various types of business cooperation and areas of activity in the field of ecology.
References
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[37] Williams, S. and Schaefer, A. 2018. Small and Medium‐Sized Enterprises and Sustainability: Managers' Values and Engagement with Environmental and Climate Change Issues. Business Strategy and the Environment, 22(3): 40-51. DOI: http://dx.doi.org/10.1002/bse.1740
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[2] Ashraf M. M., et al. 2019. Social business as an entrepreneurship model in emerging economy: Systematic review and case study. Management Decision, 57(5), 1145-1161. DOI: https://doi.org/10.1108/MD-04-2017-0343
[3] Barinova, V.A. and Zemtsov, S.P. 2019. International comparative analysis of the role of small and medium-sized enterprises in the national economy: statistical research. Questions of statistics, 6 (26): 10–21. DOI:https://doi.org/10.34023/2313 –6383–2019–26–6–00–00
[4] Chebuhanova, L.V. 2018. Financing of small and medium-sized innovative enterprises in the UK. Bulletin of the Buryat State University. Economics and Management, 3 (9): 78–86. DOI: https://doi.org:/10.18101/2304-4446-2018-3-78-86
[5] Cunningham, W. 2017. The JOBS Act: Crowdfunding for Small Businesses and Startups. NY.: Springer-Verlag, 54-89 рp.
[6] Ershov, D.N. 2018. Using alternative financial sources and instruments for funding SME: international and Russian practice. Russian entrepreneurship, 19 (5): 1391-1408. DOI:http://dx.doi.org/10.18334/rp.19.5.39052
[7] Fedorova, A., Cherkashnev, R. and Esikova, I. 2018. Estimation of the efficiency of the mechanism of bank crediting subjects of small and medium business. Bulletin of Science and Practice, 4(11): 313-322. Available at: http://www.bulletennauki.com/fedorova-a
[8] Gherghina, S.C., Botezatu, M.A., Hosszu, A. and Simionescu, L.N. 2020. Small and Medium-Sized Enterprises (SMEs): The Engine of Economic Growth through Investments and Innovation. Sustainability, 12(1): 347-356. DOI: https://doi.org/10.3390/su12010347
[9] Graafland, J. and Bovenberg, L. 2020. Government regulation, business leaders’ motivations and environmental performance of SMEs. Journal of Environmental Planning and Management, 8 (63): 1335-1355.
[10] Hoogendoorn, B. 2018. The Prevalence and Determinants of SocialEntrepreneurship at the Macro Level. Journal of Small Business Management, 13 (54): 278-296.
[11] Ip C. Y., et al. 2018. Enhancing social entrepreneurial intentions through entrepreneurial creativity: A comparative study between Taiwan and Hong Kong. Creativity Research Journal, 30(2): 132-142. DOI:https://doi.org/10.1080/10400419.2018.1446744
[12] Kazakova, M.V. and Pospelova, E.A. 2017. The quality of infrastructure as one of the limitations of economic growth: a comparative analysis of Russia and countries of the world. Journal of International Economic Affairs, 7 (3): 71-84. DOI: http://dx.doi.org/10.18334/eo.7.3.38071
[13] Komarova, O.V. 2018. Institute for Small and Medium Business Support: German Experience. Azimuth of Scientific Research: Economics and Management, 3 (7): 125-129.
[14] Krasyuk, Yu.V. 2018. Institutes of support for small and medium-sized businesses oriented towards export. International trade and trade policy, 3 (15). DOI: https://doi.org/10.21686/2410-7395-2018-3-145-153
[15] Kulmaganbetova, A.S., Dubina, I.N. and Rakhmetulina, J.B. 2019. A component-wise assessment of the innovative potential of small and medium-sized businesses: the experience of Kazakhstan. Economics. Profession. Business, 3(12): 57-69. DOI: http://dx.doi.org/10.14258/epb201934
[16] Kuzmina, T.I. 2020. Economic potential and problems of structural and innovative development of small business on the example of Israel. International research journal, 4 (94): 26-31. DOI:https://doi.org/10.23670/IRJ.2020.94.4.027
[17] Maschenko, M.V. and Volkova, E.A. 2018. The impact of investment processes on the development of mining enterprises in Russia. Journal of Economics, Entrepreneurship and Law, 8 (2): 800-814. DOI:https://doi.org/10.18334/epp.8.2.38800
[18] Maziriri, E. and Liu, G. 2020. Green packaging and green advertising as precursors of competitive advantage and business performance among manufacturing small and medium enterprises in South Africa. Cogent Business & Management, 1 (7): 586-598. DOI: https://doi.org/ 10.1080/23311975.2020.1719586
[19] Mottaeva, A. and Gritsuk, N. 2017. Development of infrastructure of support of small and medium business. International Science Conference. SPbWOSCE-SMART City. MATEC Web of Conf., Volume 106: 80 – 83. DOI: https://doi.org/org/10.1051/matecconf/201710608083
[20] Muller P., et al. 2017. Annual report on European SMEs 2017/2018: SMEs growing beyond borders. PwC Luxembourg/CARSA/LE Europe/DIW Econ. Available at: https://publications.europa.eu/en/publication-detail/-/publication/a435b6ed-e888-11e8-b690-01aa75ed71a1
[21] Nascimento L. da, S., Fernandes, B. S. and Salazar, V. S. 2020. Social incubation: Strategic benefits for social enterprise Context. Revista Contemporânea De Economia E Gestão, 18 (7): 163-177. DOI:https://doi.org/10.19094/contextus.2020.4446
[22] Nascimento, L. S. and Steinbruch, F. K. 2019. The interviews were transcribed”, but how? Reflections on management research. RAUSP Management Journal, 54(4): 413-429. DOI: https://doi.org/10.1108/RAUSP-05-2019-0092
[23] Orlov S.N. 2020. Problems of small and medium business development in the context of dynamic development. Management in modern systems, 1 (25): 27-33. Available at: http://journal.inueco.ru/journal_25_4/
[24] Ovsyannikova, T.Yu., Rabtsevich, O.V., Yugova, I.V. 2018. Imbalances in the housing investment: an analysis of the causes and assessing the consequences. Russian Journal of Housing Research, 5 (4): 94-103. DOI: http://dx.doi.org/10.18334/zhs.5.4.39694
[25] Pinskaya, M.R., Melnichuk, M.V., Frumina, S.V. and Tikhonova, A.V. 2018. Problems of Creating a Favorable Investment Climate in Russian Regions. International Journal of Economics and Financial Issues, 8(6): 300-306.
[26] Pravikov, O.V. and Peredera, Zh. S. 2019. Analysis of the conditions of bank lending to small and medium-sized businesses in Russia: a statistical approach. Moscow Economic Journal, 1 (11): 228-238. DOI:https://doi.org/10.24411 / 2413-046X-2019-11021
[27] Ruchkina, G.F. and Melnichuk, M.V. 2017. Improvement of Legal Regulation of Bank Lending as a Factor Contributing to the Development of Small and Medium-Sized Businesses in Russia. European Science Review, 9 (10): 145-149.
[28] Schenk, R. 2017. The Future of Digital Financing by Crowdinvesting. Germany: GRINVerlagGmbH, 16-24.
[29] Terebova, S.V. 2017. The state and peculiarities of small business development in Russia. Economic and social changes: facts, trends, forecast, 1(10): 178-199. DOI: https://doi.org/10.15838 / esc / 2017.1.49.10
[30] Tkachenko, I.N. and Meteleva, M.A. 2017. Improvement of management processes development of public-private partnerships and infrastructure investment activities at the meso-level. Journal of Public-Private Partnership, 4 (4): 68-76. DOI: http://dx.doi.org/10.18334/ppp.4.4.38668
[31] Tsigelkova, E., Platonova, I.N. and Frolova, E.D. 2019. Comparative analysis of support for small and medium-sized enterprises in the EU and China in order to increase the added value they create. Economy of the region, 1 (15): 256-269. DOI: http://dx.doi.org/10.17059/2019-1-20
[32] Tulesheva, G.B. and Muratbek, K.A. 2018. Modern problems and prospects for the development of small business in Kazakhstan. Symbol of Science, 6 (11): 68-78.
[33] Ushanov, A.E. 2020. On the development of stock market instruments for small and medium-sized businesses. Bulletin of the Astrakhan State Technical University, 1(9): 117–124. DOI:https://doi.org/10.24143/2073-5537-2020-1-117-124
[34] Vechkinzova, E.A. 2019. Comparative analysis of the development of the regional industrial-innovative infrastructure of Russia and Kazakhstan. Economy of Central Asia, 3 (1): 19-34. DOI:https://doi.org/10.18334/asia.3.1.40757
[35] Virabyan, N.M. 2020. To the question of choosing sources of financing for the activities of small and medium-sized businesses. Young Scientist, 2 (292): 239-242. Available at: https://moluch.ru/archive/292/66122/
[36] Wickert, C., Scherer, A. and Spence, L. 2017. Walking and Talking Corporate Social Responsibility: Implications of Firm Size and Organizational Cost. Journal of Management Studies, 11(53): 1169–1196. DOI:http://dx.doi.org/10.1111/joms.12209
[37] Williams, S. and Schaefer, A. 2018. Small and Medium‐Sized Enterprises and Sustainability: Managers' Values and Engagement with Environmental and Climate Change Issues. Business Strategy and the Environment, 22(3): 40-51. DOI: http://dx.doi.org/10.1002/bse.1740
[38] Official resource: Overview of SMEs in Kazakhstan. 2019. www.halykfinance.kz
[39] Official resource: www.ranking.kz
[40] Official site of the Committee on Statistics of the Ministry of National Economy of the Republic of Kazakhstan. http://www.stat.gov.kz
Published
2021-09-10
How to Cite
SHAKEYEV, Sayan et al.
Influence of Environmental Factors and Impact on Financing Innovation of SMEs.
Journal of Environmental Management and Tourism, [S.l.], v. 12, n. 5, p. 1248-1262, sep. 2021.
ISSN 2068-7729.
Available at: <https://journals.aserspublishing.eu/jemt/article/view/6352>. Date accessed: 22 dec. 2024.
doi: https://doi.org/10.14505//jemt.v12.5(53).10.
Section
Article
Copyright© 2024 The Author(s). Published by ASERS Publishing 2024. This is an open access article distributed under the terms of CC-BY 4.0 license.