The Theoretical Foundations of The Relationship Between Liquidity and Financial Risks in Small and Medium-Sized Businesses in Kazakhstan

Authors

  • Abuova Nabira Janjaykhankyzy 1st-year doctoral student in Finance specialty, Turan University, Almaty, Republic of Kazakhstan
  • Tayauova Gulzhanat Zhubatkanovna Vice-Rector for External Relations and Doctoral Studies, PhD, Associate Professor, Turan University, Almaty, Republic of Kazakhstan

DOI:

https://doi.org/10.37547/ijmef/Volume06Issue03-02

Keywords:

Liquidity ratios, financial risk, financial stability

Abstract

This study examines the relationship between liquidity ratios and financial risks in small and medium-sized enterprises (SMEs) in Kazakhstan. Liquidity indicators such as the current ratio, quick ratio, and cash ratio play an important role in determining a firm's ability to meet short-term obligations and maintain financial stability. The research is based on financial data from Kazakhstan’s National Statistics Bureau, the Ministry of Finance, and company reports for the period 2015–2022. Econometric methods including correlation and regression analysis are applied to assess the impact of liquidity on financial risk. The results indicate a significant relationship between liquidity ratios and the level of financial risk in SMEs. Firms with stronger liquidity positions demonstrate greater resilience to financial instability and economic shocks.

References

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Published

2026-03-11

How to Cite

Abuova Nabira Janjaykhankyzy, & Tayauova Gulzhanat Zhubatkanovna. (2026). The Theoretical Foundations of The Relationship Between Liquidity and Financial Risks in Small and Medium-Sized Businesses in Kazakhstan. Standford Database Library of International Journal Of Management And Economics Fundamental, 6(03), 12–14. https://doi.org/10.37547/ijmef/Volume06Issue03-02

Issue

Vol. 6 No. 03 (2026): Volume 06 Issue 03

Section

Articles

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Copyright (c) 2026 Abuova Nabira Janjaykhankyzy, Tayauova Gulzhanat Zhubatkanovna

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This work is licensed under a Creative Commons Attribution 4.0 International License.