Exploring determinants of innovation potential of enterprises in Kazakhstan
Kireyeva A. Nurbatsin A. Yessentay A. Bagayeva N. Turdalina S.
2021LLC CPC Business Perspectives
Problems and Perspectives in Management
2021#19Issue 2433 - 443 pp.
The study aims to analyze the innovation potential of enterprises, explain the use of the binary regression methodology, and explore different indicators of the enterprises in the regions of Kazakhstan for building an effective management strategy. Methodological substantiation is based on the complex survey data analysis, provided by the World Bank Enterprises Survey (WBES) for Kazakhstan. WBES database has covered a sociological survey of enterprises, which was conducted using a random survey and representativeness among 1,296 enterprises, mainly in the production sector. Besides, the data were collected among companies regarding their experience in environmental perception (including innovation activity), in which they worked. The results have demonstrated that the age of the company, exporter status, type, sector, or activity all these have a positive influence on the companys tendency to innovations. However, as part of the study, it has found out that competitors in the marketplace and regions of activity of enterprises predominantly negatively affect the prospects of introducing innovation. It was also in evidence that the same factors (foreign ownership, advanced training, type, size, and sector of an enterprise) are essential determinants of product, technology, R&D, ICT, and innovation. Obtained results can be used by enterprises for building an effective management strategy of own business innovative development, as well as by local authorities to upgrade the competitive performance.
Determinants , Enterprises , Innovation , Kazakhstan , New technologies , Regression , Small and medium-sized enterprises
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Department of Information and Implementation of Research Results, Institute of Economics, Science Committee of the Ministry of Education of the Republic of Kazakhstan, Kazakhstan
Finance and Accounting Department, University of International Business, Kazakhstan
Economics Department, World Economy Faculty, Al-Farabi Kazakh National University, Kazakhstan
Leading Researcher, Institute of Economics, Science Committee of the Ministry of Education of the Republic of Kazakhstan, Kazakhstan
Higher School of Economics and Business, Al-Farabi Kazakh National University, Kazakhstan
Department of Information and Implementation of Research Results
Finance and Accounting Department
Economics Department
Leading Researcher
Higher School of Economics and Business
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