High-tech business in crisis conditions: development trends of large, medium and small enterprises

2020 ◽  
Vol 18 (4) ◽  
pp. 48-58
Author(s):  
Vladislav V. Spitsyn ◽  
Alexander A. Mikhal'chuk ◽  
Anastasia A. Bulykina ◽  
Svetlana N. Popova ◽  
Irina E. Nikulina
Keyword(s):  
Small Businesses ◽  
Negative Impact ◽  
Service Industries ◽  
High Tech ◽  
Small Enterprises ◽  
Mathematical Methods ◽  
Crisis Period ◽  
Knowledge Intensive ◽  
Crisis Conditions ◽  
Medium And Small Enterprises

Leading world countries view innovative development and high-tech business as an opportunity to overcome economic stagnation and decline in economic growth. One of the modern trends in the analysis of high-tech development is the study of high-tech knowledge-intensive service industries and their development in times of crisis. The purpose of the paper is to identify patterns of development of large, medium and small enterprises in high-tech service industries in Russia during periods of crisis. Economic and economic-mathematical methods of analysis are applied to the formed samples of enterprises. The research period is 2013-2017. The financial indicators of enterprises were adjusted for the level of accumulated inflation in relation to 2013. According to results, large and medium-sized enterprises showed insignificant or weak significant positive dynamics of revenue during all years of the crisis period. The crisis period did not lead to a decrease in the revenue of these groups of enterprises. The acute phase of the crisis (2014-2015) had a pronounced negative impact on the group of small enterprises in all studied industries, but they successfully recovered in 2016-2017 and reached the pre-crisis level of revenue. The total revenue by industries and groups of enterprises in 2017 became higher than in 2013, and its growth rates were significant for many groups of enterprises, which indicates a successful overcoming of the crisis period and signs of growth in high-tech service industries. Our study shows the need for state support for small businesses in high-tech service industries in crisis conditions, and identifies the possibilities of adaptation of enterprises in these industries to an unfavorable external environment. Our results may be useful for the purposes of government stimulation of economic development in the current environment.

Special aspects of tax liability of small business enterprises in Russia

2021 ◽  
pp. 101-109
Author(s):  
Alina V. Agzamova ◽  
Alena E. Zaborovskaya
Keyword(s):  
Small Business ◽  
Russian Federation ◽  
Small Businesses ◽  
Negative Impact ◽  
The State ◽  
Small Enterprises ◽  
Tax Burden ◽  
Current Crisis ◽  
Tax Regimes ◽  
The Russian Federation

In modern economic conditions, the state of small business is an indicator that reflects the dynamics of the development of the main socio-economic trends occurring in the country. In return, the current crisis phenomena have a negative impact on the development of small business, which contributes to the formation of the middle class, which makes up a significant part of the economically active population of the country. Despite all the measures provided by the government of the Russian Federation (tax holidays, subsidies, reduction of the tax burden due to the introduction of special tax regimes, etc.), the number of small businesses is decreasing. This article analyzes the current state of the state’s tax policy in relation to small enterprises, examines the issues of taxation of small enterprises in Russia, and identifies the main trends and disadvantages of taxation of small businesses. The most complex and urgent problems of functioning and further development of small businesses are identified and characterized. Statistical data on the dynamics and structure of small businesses by type of economic activity in Russia, the dynamics of the tax burden on small businesses, and tax revenues to the budget of the Russian Federation are presented and analyzed. The article substantiates the need to reform the tax system as a necessary measure to support small businesses, designed to improve and accelerate the dynamics of socio-economic development of the state.

scholarly journals Development of small innovative business in the Russian economy

2021 ◽  
Vol 10 (44) ◽  
pp. 84-91
Author(s):  
Sergey V. Novikov ◽  
Gennady V. Tikhonov
Keyword(s):  
Mathematical Modeling ◽  
Small Business ◽  
Small Businesses ◽  
Small Enterprises ◽  
The Public ◽  
Russian Economy ◽  
Sustainable Operation ◽  
Significant Difference ◽  
Scientific Technical ◽  
Crisis Conditions

The article is devoted to small entrepreneurship in the scientific and technical sphere, despite the recognition of its right to state support, it has a significant difference from scientific and technical and the so-called earlier implementation activities characteristic of the period preceding economic reforms. A significant place in the article is given to the development of mathematical modeling in the system of innovative entrepreneurship in modern crisis conditions. Adaptability and flexibility are considered as the most important indicators of the efficiency of structures, their ability to ensure sustainable operation and effective innovative development of small businesses. The issues of scientific, technical and innovative activities in small business and in the public sector of the economy on the conjugation of adaptability and flexibility are considered. A number of modern techniques related to the development of mathematical modeling of the development of small enterprises in innovative activities in a crisis are analyzed. The necessity of mathematical modeling as the main factor in the implementation of financial support for small business in innovation, for which conventional methods are unacceptable, has been substantiated. The proposed approach should be considered as a guideline when assessing the mechanism for allocating funds from the budget for the development of small business in innovation.

scholarly journals Sustainability, Effectiveness and Efficienc of Enterprises in High-Tech Sectors in Crisis Conditions: Econometric Modelling

Vestnik NSUEM ◽  
2020 ◽  
pp. 160-176
Author(s):  
V. V. Spitsin ◽  
L. Yu. Spitsina
Keyword(s):  
Capital Structure ◽  
Positive Impact ◽  
Management Strategies ◽  
Balance Sheet ◽  
High Tech ◽  
Small Enterprises ◽  
Return On Assets ◽  
Crisis Conditions ◽  
The Stability ◽  
The Impact

The aim of this work is to model the impact of sustainability and effectiveness on the efficiency of enterprises. The object of the research is the enterprises of high-tech industries and services of Russia. Their efficiency (profitability) is analyzed in the conditions of the crisis period of 2013–2017. The sample includes 1814 enterprises or 9070 observations (1814 enterprises × 5 years). Research methods: regression analysis of panel data, models with random effects. The dependent variable is the net return on assets. Results: we found that effectiveness and sustainability have a highly significant positive impact on the efficiency (profitability) of enterprises in high-tech sectors of Russia in a crisis. Further research revealed a parabolic relationship (inverted U shape) between the share of borrowed capital in the balance sheet and profitability, as well as between the size of the enterprise and profitability. It is shown that enterprises with high stability of revenue dynamics can achieve higher profitability with effective management of the capital structure. Moreover, capital structure management strategies will be different depending on the stability of revenue dynamics. The maximum profitability values are shown by medium-sized enterprises. High revenue stability provides a slower decrease in profitability for large and small enterprises. The obtained patterns can be used by enterprises of high-tech sectors to increase the efficiency of their activities in the conditions of economic instability.

Improving the Strategic Sustainability Management of large, Medium, and Small Businesses in the Depressed Regions of Russia

2019 ◽  
pp. 74-86
Author(s):  
Yu. V. Kuznetsov ◽  
E. M. Anokhina ◽  
E. V. Melyakova
Keyword(s):  
Economic Development ◽  
Small Businesses ◽  
Small Enterprises ◽  
Development Indicators ◽  
Profit Centers ◽  
Regional Authorities ◽  
Depressed Regions ◽  
Medium And Small Enterprises ◽  
Regions Of Russia ◽  
Large Enterprises

This study1 presents a methodology for assessing the strategic sustainability of enterprises in Russian regions at the micro level as a part of assessing the strategic sustainability of the complex of enterprises in a region. The authors suggest directions for fostering the economy of the depressed regions ofRussiaby improving the management of strategic sustainability of the complex of large, medium, and small enterprises in a region. The recommendations developed for federal and regional authorities on how to improve the management of the complex of enterprises in the regions are based on the hypothesis proved in the study about the dependence of economic development indicators of a region on the strategic sustainability of the complex of enterprises operating in its territory.Aim. The study aims to suggest directions for improving the management of the strategic sustainability of large, medium, and small enterprises in the depressed regions of Russia based on the formation of regional profit centers.Tasks. The authors identify the peculiarities in the development of large enterprises in the depressed regions of Russia by calculating an integrated index of economic and financial sustainability of enterprises; conduct a comparative analysis of the activities of large enterprises in depressed and developed regions to prove the hypothesis about the dependence of the economic and financial sustainability of large enterprises on the region’s level of socio-economic development; develop recommendations for federal and regional authorities on how to improve the management of the complex of large, medium, and small enterprises, including a proposal on the formation of regional profit centers.Methods. The theoretical and methodological basis of this study includes theories and concepts on the role of enterprises and entrepreneurship in the economic development of a region. The study uses general scientific methods: analysis and synthesis, comparative and statistical analysis, systematization, calculation of an integrated index, financial ratio analysis.Results. The economic and financial indicators of large businesses in depressed regions are comparable to those of large businesses in developed regions (including the development indicators of the largest enterprises included in the Expert 600 rating), with some indicators showing values that are even higher than in developed regions. This confirms the hypothesis that the level of socio-economic development of a region does not have a dominant effect on the sustainability of development of large enterprises. The level of development of regional economies depends on the regional business structure. The revealed patterns make it possible to propose directions for improving the management of strategic sustainability of enterprises in depressed regions to federal and regional authorities.Conclusions. The improvement of development management in depressed regions should be aimed at developing government support tools that facilitate the development of the complex of enterprises in the regions. It is necessary to integrate the sustainability management of the complex of enterprises in a region into the strategic management system at the federal and regional levels. Along with the implementation of national projects aimed at developing small businesses, increasing labor productivity, supporting innovation and development institutions, in depressed regions it is also necessary to implement projects aimed at developing large businesses and integrating them with medium and small enterprises based on cooperation roadmaps. A new approach to the development of depressed regions based on the formation of regional profit centers would facilitate the formation of the sustainability of the complex of enterprises in depressed regions, allowing rational use of national project funds. This study is a continuation of the article “Approaches to assessing the strategic sustainability of large, medium, and small businesses in the depressed regions of Russia” published in Ekonomika i upravlenie No. 10, 2019.

scholarly journals Which Manufacturing Enterprises Have Received Advantages in Access to Government Orders After the Crisis of 2014–2015?

2021 ◽  
Vol 13 (1) ◽  
pp. 095-114
Author(s):  
Yuliya D. Rodionova ◽  
◽  
Andrey A. Yakovlev ◽  
Keyword(s):  
Small Businesses ◽  
Small Firms ◽  
Manufacturing Industry ◽  
Public Procurement ◽  
Small Enterprises ◽  
Business Associations ◽  
Crisis Period ◽  
Manufacturing Enterprises ◽  
International Sanctions ◽  
Public Contracts

This paper, based on two surveys of manufacturing enterprises in 2014 and 2018, analyzed the characteristics of enterprises receiving public orders, as well as the dynamics of changes in access to public procurement after tightening external conditions for the Russian economy against the backdrop of international sanctions and the 2014–2015 crisis. The analysis showed that in 2016–2017 in the manufacturing industry, almost half (45%) of large and a third of medium-sized firms had public contracts. However, among the small firms that took part in the survey, only 22% received public contracts, despite the declared policy of supporting small businesses. In contrast to 2013, in the post-crisis period there were no significant differences in access to public procurement for enterprises with and without state participatio n. Along with this, the state began to impose more requirements on the disclosure of information on the structure of ownership by enterprises. Membership in business associations gave advantages in access to public procurement for medium and large enterprises, but this effect was absent for small firms. In general, against the background of international sanctions and the crisis of 2014–2015 for all types of enterprises in the post-crisis period, the scheme of complementarity of direct and indirect instruments of state support has been preserved, and for small enterprises, the manifestations of the "model of exchanges" between government and business have become more significant, thus small enterprises providing assistance to the regional and local authorities in the social development of the region, more often received public orders.

SUPPORTING THE DIFFUSION OF INNOVATIONS IN SMALL AND MEDIUM ENTREPRENEURS

2017 ◽  
Author(s):  
Yuliia Horiashchenko ◽  
Keyword(s):  
Diffusion Of Innovation ◽  
Small Businesses ◽  
Diffusion Of Innovations ◽  
Innovation Process ◽  
Information Support ◽  
Small Enterprises ◽  
Categorical Analysis ◽  
The Difference ◽  
And Cluster Analysis ◽  
Medium And Small Enterprises

This article draws a parallel between the diffusion of innovation and the level of profitability of Ukrainian enterprises. The conceptual and categorical analysis of the term “diffusion of innovations” is carried out. The basic principles of innovative solutions are indicated as the basis for information support of innovative activities. These principles include: the natural nature of innovation, analytical solutions, validity, voluntariness, partnership between all participants in the innovation process. It is emphasized that non-observance of these principles makes it impossible to make a voluntary or collective decision and presupposes the adoption of an undesirable innovative decision for enterprises, which, unlike a collective one, is made not by the social system, but by a group of people with influence or power. Shown are regional disparities in terms of profitability (loss ratio) of large, medium and small enterprises in 2015-2019. The difference between the level of profitability of large, medium and small enterprises by region is due to regional imbalances in social, economic, environmental and political and legal development. Separately, a comparison was made of all economic regions for a deeper understanding of the country's innovative potential and cluster analysis in further scientific research. It is emphasized that it is the profitable activity of enterprises that is the first step towards innovation. The calculations showed the level of readiness and ability of citizens to do business in the country. A fuzzy relationship has been established between the profitability of Ukrainian enterprises and their innovative activities. The main problem for small and medium-sized businesses in Ukraine, as well as for businesses in European countries, is the inaccessibility of digital production and distribution solutions. The German experience of diffusion of innovations in small and medium-sized businesses was studied, in particular, the attraction of German small businesses to digitalization. Based on the study of foreign experience, a strategic task for Ukrainian small and medium-sized businesses is outlined.

Analysis Software Application Status of Enterprise Human Resource Management

2013 ◽  
Vol 462-463 ◽  
pp. 956-959
Author(s):  
Cheng Che Wang
Keyword(s):  
Descriptive Analysis ◽  
High Tech ◽  
Small Enterprises ◽  
Software Selection ◽  
Analysis Method ◽  
Analysis Software ◽  
Software Application ◽  
Domestic Enterprise ◽  
Medium And Small Enterprises ◽  
Brand Satisfaction

The paper analyzes and evaluates the current domestic enterprise softwareapplication, first use the questionnaire investigation, mainly concentrated in the high-tech enterprises, the medium and small enterprises of high percentage. Researchmainly aimed at the software brand, satisfaction, function, price, purchase demand andimportance, after sale service and other aspects of the investigation. After screening screening to obtain effective questionnaires, and use descriptive analysis method toresearch the results of statistical analysis. The results showed: the enterprises shouldpay attention to the price of brand in the software selection, also need to compare products and after sale service function of comprehensive factors such as.

scholarly journals Does Privatization In Transitional Countries Influence Enterprise Efficiency Growth: A Case Of Croatia And Slovenia

2011 ◽  
Vol 4 (2) ◽  
Author(s):  
Neda Vitezi?
Keyword(s):  
Small Business ◽  
Small Businesses ◽  
Early Years ◽  
Small Enterprises ◽  
Transitional Countries ◽  
Business Efficiency ◽  
Macroeconomic Indicators ◽  
Countries In Transition ◽  
The Impact ◽  
Medium And Small Enterprises

This paper explores the impact of privatization on the efficiency growth of enterprises in two transitional countries, which did not follow the same privatization model. The aim of this research is to analyze the effects of privatization on micro and macroeconomic indicators. Research will be based on ten-year time-series analysis, using both financial and other indicators. Particular emphasis will be placed on efficiency and profitability growth by analyzing separately large, medium, and small enterprises. The expressed hypotheses, which will be tested through statistical data analysis, are related to the statement that the privatization model utilized did not contribute to the efficiency of the entire economy. However, it did contribute to the efficiency of particular segments of enterprises. The second hypothesis is that the recent growth of small business efficiency will decrease while medium and large enterprise efficiency will increase. Finally, the third hypothesis is related to the impact of enterprise performance in ten years period on macroeconomic indicators. The development of small business in both countries in the early years of transition will be examined. During this time of period, small businesses tended to experience more efficiency growth than other enterprises. However, there currently appears to be a shift in efficiency and profitability growth to medium and large enterprises. Therefore, another aim of this research is to determine what factors may have caused these differences and lead to the opinion about future efficiency growth in countries in transition.

scholarly journals Open Innovation Implementation in the Service Industry: Exploring Practices, Sub-practices and Contextual

2015 ◽  
Vol 3 (2) ◽  
pp. 106-130 ◽  
Author(s):  
Justine Virlee ◽  
Wafa Hammedi ◽  
Vinit Parida
Keyword(s):  
Firm Size ◽  
Open Innovation ◽  
Service Industry ◽  
Service Industries ◽  
High Tech ◽  
Service Firms ◽  
Innovation Implementation ◽  
Managerial Skills ◽  
Knowledge Intensive ◽  
Innovation Practices

This paper addresses a major gap in reported research on open innovation (OI) literature: How do service firms adopt open innovation? This research focuses on data from eighteen service SMEs in Belgium from high-tech and knowledge-intensive service industries. Based on analysis, we find new insights regarding open innovation practices (i.e., inbound and outbound) and sub-practices (i.e., acquiring, sourcing, selling and revealing) for service firms. More specifically, the study showed that service SMEs are more inclined to use inbound practices due to reasons associated with firm size, industry, and knowledge intensity in the market, whereas the decision about which sub-practice to adopt seems to be strongly influenced by the type of actor, the firm’s vulnerability and internal managerial skills, and the existence of complementarities. Thus, we contribute to OI literature as well as capability literature through providing initial insights regarding the adoption of OI by service firms.

Small Industry, Gimmicks and Moscow Statistics, or How the Small Russian Enterprise Came into the World (Russian Physiological Sketch, 1830-1840)

2009 ◽  
pp. 123-129
Author(s):  
Yu. Golubitsky
Keyword(s):  
Small Businesses ◽  
Statistical Data ◽  
Russian Enterprise ◽  
Small Enterprises ◽  
Business Practices ◽  
Way Of Life ◽  
The World ◽  
Small Industry ◽  
Xix Century

The article considers business practices of Moscow small industry in the XIX century, basing upon physiological sketches of N. Polevoy and I. Kokorev, statistical data and the classification of professions are also presented. The author claims that the heroes of the analyzed sketches are the forefathers of Moscow small businesses and shows what a deep similarity their occupations and a way of life bear to the present-day routine existence of small enterprises.

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