Financial systems and their influence on entrepreneurial development: insights for building sustainable and inclusive ecosystems

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dc.contributor.authorProkopenko, Olhaen
dc.contributor.authorSitenko, Dianaen
dc.contributor.authorZhanybayeva, Zamzagulen
dc.contributor.authorLomachynska, Iryna A.en
dc.contributor.authorRakhmetova, Aibotaen
dc.contributor.authorЛомачинська, Ірина Анатоліївнаuk
dc.date.accessioned2025-04-12T10:24:32Z
dc.date.available2025-04-12T10:24:32Z
dc.date.issued2025
dc.description.abstractThe relationship between financial systems and entrepreneurial development is explored in this paper, specifically how the conditions and characteristics of a country’s financial system affect entrepreneurial opportunities within a space of sustainability and inclusivity. The study is conducted using a mixed methods approach consisting of both a systematic literature review and econometric modeling, coupled with qualitative analysis of a subsample of countries to analyze these dynamics. At a fundamental level, it seeks to analyze the dynamics of financial systems, including the regulatory frameworks, market structures, and access to finance, and their role in forming an entrepreneurial landscape and contributing to the development of sustainable and inclusive ecosystems. The results show strong patterns and challenges in how financial systems support entrepreneurship. Areas of investigation include the role of financial institutions and markets in organizing access to finance (including the impact of regulatory barriers on entrepreneurial activities) and the integration of sustainability principles in policy and practice. This study stresses the need to align financial system policies with the goals of sustainable entrepreneurship so as to facilitate inclusive economic growth. Additionally, the research points out directions for how to make finance more accessible, foster more innovation, and remove the inefficiencies of regulation. For policymakers, investors, and researchers, the insights are designed to improve the entrepreneurial ecosystems through targeted investments as well as simplifying the financial processes. Through proactive actions, stakeholders have the ability to utilize entrepreneurialism as a tool for economic growth, societal progress, and ecological sustainability. The findings of this research contribute to the current ongoing discourse in sustainable entrepreneurship by furthering the stream of debate proposing how financial systems facilitate or inhibit entrepreneurial outcomes.en
dc.identifier.citationFinancial systems and their influence on entrepreneurial development: insights for building sustainable and inclusive ecosystems / O. Prokopenko, D. Sitenko, Z. Zhanybayeva, I. Lomachynska, A. Rakhmetova // Journal of Risk and Financial Management. – 2025. – Vol. 18, iss. 3. – Article 131.en
dc.identifier.doihttps://doi.org/10.3390/jrfm18030131
dc.identifier.issn1911-8074
dc.identifier.orcidhttps://orcid.org/0000-0003-1362-478X
dc.identifier.orcidhttps://orcid.org/0000-0003-4162-3602
dc.identifier.orcidhttps://orcid.org/0000-0002-6112-6884
dc.identifier.orcidhttps://orcid.org/0000-0002-8741-0373
dc.identifier.urihttps://dspace.onu.edu.ua/handle/123456789/40998
dc.language.isoen
dc.publisherMultidisciplinary Digital Publishing Institute (MDPI)en
dc.subjectfinancial systemsen
dc.subjectentrepreneurshipen
dc.subjectsustainabilityen
dc.subjectaccess to financeen
dc.subjectregulatory frameworksen
dc.subjecteconometric modelingen
dc.titleFinancial systems and their influence on entrepreneurial development: insights for building sustainable and inclusive ecosystemsen
dc.typeArticleen
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