Medium-sized Enterprises In Russia Research Articles

Prospects of Indian direct investments in Russian economy

The article examines major trends and prospects regarding the Indian direct investment in the economy of the Russian Federation. The authors comprehensively analyze key factors, the scale, regional and sectoral composition of the Indian direct investment in the Russian economy, scrutinize the evolution of sectoral and regional composition of the Indian FDI, as well as define main challenges and obstacles that investors from India face in Russia and identify medium-term prospects for the Indian capital in the Russian Federation. The research shows that in the current circumstances the significance of the Indian capital in form of direct investment for Russia is substantially growing; its regional presence is steadily increasing; the sectoral diversification of the Indian investment is intensifying. The important indicator in this case is the quality of the Indian capital, its gradually increasing high-technology component. Not only the scale of the Indian direct investment in the Russian economy is changing, but also there is the rise in number of companies investing in Russia. At the same time, if in the early 2000s those companies were mainly large Indian MNCs, nowadays there is an increased interest in Russia among small and medium-sized high-technology enterprises of India that promote innovative development of the Russian regions. Of utmost importance is the fact that the Indian capital is also invested in small-scale industry, promoting upgrade of technological equipment of small and medium-sized enterprises in Russia. These noticeable changes in the Indian capital movement will substantially contribute to enhanced economic cooperation between the two countries.

Modelling the Development Dynamics of Small and Medium-Sized Enterprises in Russia

The paper explores the factors in the development of small and medium-sized entrepreneurship (SME) in Russia over the past 13 years. The purpose of the article is to identify the patterns and current trends in the dynamics of the number of SMEs. The present study carries out correlation and regression analysis of the factors using the statistical data for 2006–2018. The number of the employed and the average nominal wage are the factors that exert a positive effect on the number of small enterprises, whereas tax burden, the weighted average rate for short-term loans and the inflation rate have a negative impact. The research results allowed forecasting the development dynamics of SMEs for 2020–2024. Providing that Russia follows the basic scenario of the socio-economic development and the existing trends persist, the total number of SMEs is expected to grow to 3,636 thousand (1.37 times) by 2024.

JAPAN’S EXPERIENCE IN USING ANALYTICS OF BIG DATA TO REDUCE CREDIT RISK IN FINANCING SMALL AND MEDIUM ENTERPRISES

The experience of Japanese experts in using big data analytics to reduce credit risk when financing small and medium-sized enterprises has been reviewed. Three multiple regression models were used to predict the likelihood of medium-sized enterprises default. The results of the study have showed, that the bank account model complements the financial model well, which will allow credit organizations to increase lending to medium-sized enterprises. It has been concluded, that the use of big data analytics requires the development of an information model of the subject area, which will provide a significant improvement in lending to medium-sized enterprises in Russia. The experience of the Asian Development Bank in researching the activities of medium-sized enterprises shows the practical possibility of using big data analytics by any development bank.

Tax Regulation of Small Businesses in the Crimea

The subject of research is the role of small and medium-sized businesses in the economy of the Republic of Crimea. Since the economy of modern states cannot successfully develop without an optimal combination of the large, medium and small businesses The purpose of research was to analyze the results of using special tax regimes in the Republic of Crimea. The criteria for classifying small and medium-sized business entities as small and medium-sized enterprises in Russia and abroad are given. A comparative characteristic of small business taxation systems in the Republic of Crimea is analyzed; problems and trends in the development of small businesses as well as the foreign experience of tax regulation of small business activities are considered. Special tax regimes that are most popular among Crimean businessmen are shown. It is concluded that the establishment of a modern infrastructure for supporting small and medium-sized businesses should be continued along with the development of a system of providing consulting services, improving the training and upgrading the skills of modern entrepreneurs.

Alternative energy as a tool for the development of small and medium-sized enterprises in Russia

Nowadays, the level of development of small and medium-sized enterprises (SMEs) in Russia lags behind that of the states with advanced economy. Problems with connection to the power supply attributed to prohibitive costs and time-consuming procedures can be distinguished among many other reasons. The aim of this paper is to consider feasibility of applying alternative energy sources to the needs of small and medium-sized enterprises through the study of the Sverdlovsk Region. While analyzing local energy sources of the region with due regard to its geographic and climatic peculiarities, we have identified the most promising sources of energy that require state support for their efficient use. Estimation of economic efficiency of the implemented project of alternative energy supply at a small enterprise proves feasibility of using a stand-alone solar panel based energy supply system.

Internal Business Success Factors of Small and Medium-Sized Enterprises in Russia

The paper analyzes the internal success factors of small and medium-sized business in Russia. Special attention is paid to the research of financial factors as the most significant in business performance. The authors find the effect of various financial indicators of corporate performance on business success using accounting statements. The analysis of small and medium-sized business is conducted by federal districts of the Russian Federation. Key significant internal financial factors are revealed as ensuring the success of small and medium-sized business. On the basis of the factors so revealed, recommendations are made for improvement of small and medium-sized business.

Corrupt Intermediaries in Post-Socialist Russia: Mutations of Economic Institutions

Using the example of intermediaries in business–state relations, this essay addresses the evolution of corruption in Russia which has been facilitated by the introduction of a neoliberal system of market relations. Based on empirical studies of small and medium-sized enterprises in Russia, the essay demonstrates how intermediaries (which are also present in Western market economies and serve the function of reducing firms' transaction costs) have adapted to the local system in order to serve as providers of both legal and illegal (corrupt) services. Disputing the pervasive claim that neoliberalism and corruption are mutually exclusive phenomena, we argue that in ‘incoherent’ democracies like Russia, where properly functioning democratic institutions and a developed civil society are lacking, neoliberalism has led to the expansion of corruption.