Abstract
The article emphasizes the need to consider the institutional environment of small businesses as the basis for ensuring the implementation of the state strategy for business development during the period of overcoming the consequences of the economic crisis that arose as a result of the spread of a new coronavirus infection. The comparative characteristic of the definitions “institutional environment” and “institutional environment of entrepreneurship” of domestic and foreign researchers is carried out. Conclusions are made about the need to study the interaction of elements of the institutional environment of entrepreneurship development in Russia. The stages of formation of the institutional environment of small business are summarized. The composition and structure of small business entities in recent years have been analyzed. The problems affecting the decrease in the level of the business climate are systematized. The institutions for supporting small businesses (the fund for support (development) of SMEs in the region, the SME corporation, Skolkovo, territories of advanced socio-economic development, special economic zones, industrial parks, etc.), which provide various types of support for entrepreneurs: subsidies, tax incentives, preferential lending, non-financial support, government guarantees. The role of the state as the initiator of the creation of various institutions that support the development of small business and implements programs for the strategic development of small and medium-sized businesses, stimulating the growth of investment potential, is emphasized. To conduct the research, the author used both theoretical and empirical methods.
Highlights
Small and medium business is a certain center in the formation of state economic policy in Russia
It is always necessary to conduct a thorough analysis of the benefits and losses obtained from the introduction of innovations: we will consider the basis of formation of the institutional environment
It is the system of state regulation and stimulation of entrepreneurship in the Russian Federation that constitutes the basis of the institutional environment
Summary
According to official statistics, small and medium-sized enterprises can be determined by the size of employment and income received for the previous period. This is a large category that encompasses enterprises with different ownership structures, different numbers of employees and levels of economic activity. This point is taken into consideration in the course of this study. A decrease in the level of financial resources, and, a decrease in the business activity of small business entities, gives rise to the need for institutional changes
Sign-in/Register to view highlights & summary Sign-in/Register to access full text options 
Free) 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call
