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Innovative Activities of SMEs in Russia: Constraints and Growth Factors

Author

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  • Dubrova T.A.
  • Ermolina A.A.
  • Esenin M.A.

Abstract

Puprose: The article is aimed at comprehensive study of small enterprises’ innovative activity in Russia and highlights the key constraints factors as well as factors promoting small business innovative activity. Design/Methodology/Approach: We conduct a review of modern domestic and foreign studies on innovative development of SMEs their components and factors to give a comparative description of the innovation activity of SMEs in Russia and the EU countries. We also consider the factors of innovation activity of SMEs in Russia, to identify their regional differences, and to determine the prospects for the innovation activity of small businesses in Russia. The methodological approach is based on the exploration analysis procedures, principal component analysis (PCA), multidimentional classification and logicitic regression. Findings: This analysis revealed that Russian small enterprises are characterized by lower indicators of innovation activity than in many developed countries. The constraints to the growth of the innovation activity of small businesses in Russia are the insufficient level of development of credit financing and the backlog of the production and technological bases. Practical implications: This approach could be used in the development of promotion measures for new innovative process participants, taking into account the regional context. Originality/Value: The main contribution of this study is that the approach can be used in the course of the study to confirm regional differences in the innovative development of small enterprises and allows to identify three clusters with different indicators of the innovative activity of small businesses.

Suggested Citation

  • Dubrova T.A. & Ermolina A.A. & Esenin M.A., 2019. "Innovative Activities of SMEs in Russia: Constraints and Growth Factors," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(Special 2), pages 26-40.
    • Handle: RePEc:ers:ijebaa:v:vii:y:2019:i:special2:p:26-40
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    References listed on IDEAS

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    1. Karel HavlÃ­Ä ek & Eleftherios Thalassinos & Liliana Berezkinova, 2013. "Innovation Management and Controlling in SMEs," European Research Studies Journal, European Research Studies Journal, vol. 0(4), pages 57-70.
    2. Lee, Sungjoo & Park, Gwangman & Yoon, Byungun & Park, Jinwoo, 2010. "Open innovation in SMEs--An intermediated network model," Research Policy, Elsevier, vol. 39(2), pages 290-300, March.
    3. Lisa De Propris, 2002. "Types of innovation and inter-firm co-operation," Entrepreneurship & Regional Development, Taylor & Francis Journals, vol. 14(4), pages 337-353, October.
    4. repec:ers:journl:v:xvi:y:2013:i:sisme:p:57-70 is not listed on IDEAS
    5. Ramona Rupeika-Apoga & Irina Solovjova, 2016. "Profiles of SMEs as Borrowers: Case of Latvia," Contemporary Studies in Economic and Financial Analysis, in: Contemporary Issues in Finance: Current Challenges from Across Europe, volume 98, pages 63-76, Emerald Group Publishing Limited.
    6. Pavla Breckova, 2018. "Export Patterns of Small and Medium Sized Enterprises," European Research Studies Journal, European Research Studies Journal, vol. 0(1), pages 43-51.
    7. Sarath W.S.B. Dasanayaka & G D Sardana, 2015. "Development of Small and Medium Enterprises through Clusters and Networking: A Comparative Study of India, Pakistan and Sri Lanka," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(2), pages 84-108.
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    Cited by:

    1. Dejan Ravselj & Aleksander Aristovnik, 2020. "The Relationship between Tax-Related Administrative Barriers and SMEs Characteristics: Evidence from Slovenia," European Research Studies Journal, European Research Studies Journal, vol. 0(1), pages 381-388.

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    More about this item

    Keywords

    SMEs; innovation activity; Russian regions.;
    All these keywords.

    JEL classification:

    • O18 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure
    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General

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