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The Role of Strategic Entrepreneurship in Performance of Russian SMEs during the Economic Crisis

Author

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  • Shirokova, Galina V.
  • Ivvonen, Liudmila
  • Gafforova, Elena

Abstract

This study examines how components of strategic entrepreneurship relate to Russian small and medium-sized firms performance during the economic crisis and to what extent combinations of firm resources determine these relationships. In order to address these issues we surveyed 651 Russian private SMEs. Our results show that during the economic crisis exploitation is positively associated with firm performance. However, we found positive association of exploration with firm performance during the economic crisis instead of negative association. Our results also indicate that relationship between exploration as well as exploitation and firm performance is dependent on different combinations of firm resources.

Suggested Citation

  • Shirokova, Galina V. & Ivvonen, Liudmila & Gafforova, Elena, 2016. "The Role of Strategic Entrepreneurship in Performance of Russian SMEs during the Economic Crisis," Conference Papers 8706, Graduate School of Management, St. Petersburg State University.
    • Handle: RePEc:sps:cpaper:8706
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    File URL: https://dspace.spbu.ru/handle/11701/8706
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    Cited by:

    1. Tang Meirun & Lahcene Makhloufi & Mohamad Ghozali Hassan, 2020. "Environmental Outcomes of Green Entrepreneurship Harmonization," Sustainability, MDPI, vol. 12(24), pages 1-26, December.
    2. Kean Lip Teh & Sazali Bin Abdul Wahab & Suzana Idayu Wati Osman & Ahmad Shaharudin Abdul Latiff & Nur Fadiah Mohd Zawawi & Syed Ali Fazal, 2018. "Factors of Sustainable Firm Performance and the Mediating Role of Strategic Opportunity Recognition: A Conceptual Study," International Journal of Asian Social Science, Asian Economic and Social Society, vol. 8(11), pages 1048-1058, November.

    More about this item

    Keywords

    strategic entrepreneurship; exploration; exploitation; SMEs; firm performance; economic crisis; human capital; financial capital; social capital; Russia;
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