Influence of Energy Efficiency of Large Industrial Enterprises of the Republic of Kazakhstan on Their Innovative Development

Abstract

The purpose of this study is to examine the relationship between energy efficiency and innovation activity of industrial enterprises, which are important components of post-industrial economic development. The literature review has shown that the problem of the nature of the mutual influence of energy efficiency and innovation activity of the enterprise remains unsolved. In this study, this problem is solved through the construction of trends of average annual changes in energy efficiency, the share of intangible assets, and the share of R&D results of large industrial enterprises of the Republic of Kazakhstan for 2018-2022.

These results demonstrate that the indicator “share of R&D results” is a key indicator for innovation activity and energy efficiency of enterprises, as it is based on real production data. The peculiarity of the obtained results, which made it possible to solve the set tasks, is the use of comparable correlation analysis coefficients, which confirm the existence of a direct relationship between these parameters. The article offers recommendations for the implementation of the obtained results at the level of strategic management of industrial enterprises.

The practical significance of this study is manifested in the possibility of using its findings and recommendations to improve the energy efficiency of industrial enterprises as part of their innovative development, which is especially important for a country with a developing economy.