IDEAS home Printed from https://ideas.repec.org/a/bit/bsrysr/v9y2018i1p65-78n6.html
   My bibliography  Save this article

Estimation of Fixed Capital Investment in SMEs: the Existing Differentiation in the Russian Federation

Author

Listed:
  • Pinkovetskaia Iuliia

    (Ulyanovsk State University, Ulyanovsk, Russia)

  • Slepova Vladislava

    (Ulyanovsk State University, Ulyanovsk, Russia)

Abstract

Background: One of the goals of Russia economy is to increase SMEs specific weight in GDP per 100% by 2030.Objectives: The purpose of this work is the assessment of the investments into fixed capital of SMEs and influence of factors such as size categories, types of economic activity and territorial placement, needed for the fulfillment of this goal.Methods/Approach: The comparative analysis of SMEs investments is based on relative indicators, which are calculated per enterprise and per worker. The research was conducted with the usage of the official statistical information obtained in the course of total observation of activity of the enterprises in 2015. Modelling of empirical data was based on functions of normal distribution.Results: We defined the values investments in SMEs which are located in 82 regions and related to three categories and six types of activity. We revealed regularities of distribution of investments calculated per enterprise and per worker, and identified the regions with the lowest investments in SMEs.Conclusions: New knowledge of the investment in the fixed capital in the Russian SMEs was achieved. Proposed information and tools are applicable for justification of the investments needed for the SMEs development. The methodical approach can be used in the future studies, as well in entrepreneurship and public management education.

Suggested Citation

  • Pinkovetskaia Iuliia & Slepova Vladislava, 2018. "Estimation of Fixed Capital Investment in SMEs: the Existing Differentiation in the Russian Federation," Business Systems Research, Sciendo, vol. 9(1), pages 65-78, March.
    • Handle: RePEc:bit:bsrysr:v:9:y:2018:i:1:p:65-78:n:6
    DOI: 10.2478/bsrj-2018-0006
    as

    Download full text from publisher

    File URL: https://doi.org/10.2478/bsrj-2018-0006
    Download Restriction: no
    File URL: https://libkey.io/10.2478/bsrj-2018-0006?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Virginia Simón-Moya & Lorenzo Revuelto-Taboada & Domingo Ribeiro-Soriano, 2016. "Influence of economic crisis on new SME survival: reality or fiction?," Entrepreneurship & Regional Development, Taylor & Francis Journals, vol. 28(1-2), pages 157-176, January.
    2. Jenish, Nazgul & Prucha, Ingmar R., 2009. "Central limit theorems and uniform laws of large numbers for arrays of random fields," Journal of Econometrics, Elsevier, vol. 150(1), pages 86-98, May.
    3. P. Allanson, 1992. "Farm Size Structure In England And Wales 1939‐89," Journal of Agricultural Economics, Wiley Blackwell, vol. 43(2), pages 137-148, May.
    4. Alexey I. Balaev, 2014. "Modelling financial returns and portfolio construction for the Russian stock market," International Journal of Computational Economics and Econometrics, Inderscience Enterprises Ltd, vol. 4(1/2), pages 32-81.
    5. William J. Baumol, 2004. "Entrepreneurial Enterprises, Large Established Firms and Other Components of the Free-Market Growth Machine," Small Business Economics, Springer, vol. 23(1), pages 9-21, August.
    6. Skuras, Dimitris & Tsegenidi, Kyriaki & Tsekouras, Kostas, 2008. "Product innovation and the decision to invest in fixed capital assets: Evidence from an SME survey in six European Union member states," Research Policy, Elsevier, vol. 37(10), pages 1778-1789, December.
    7. Zoltan Acs & Sameeksha Desai & Jolanda Hessels, 2008. "Entrepreneurship, economic development and institutions," Small Business Economics, Springer, vol. 31(3), pages 219-234, October.
    8. Anna Lewandowska & Mateusz Stopa & Grzegorz Humenny, 2015. "The European Union Structural Funds and Regional Development. The Perspective of Small and Medium Enterprises in Eastern Poland," European Planning Studies, Taylor & Francis Journals, vol. 23(4), pages 785-797, April.
    9. Carsten Schröder & Shlomo Yitzhaki, 2014. "Reasonable Sample Sizes for Convergence to Normality," SOEPpapers on Multidisciplinary Panel Data Research 714, DIW Berlin, The German Socio-Economic Panel (SOEP).
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Iuliia S. Pinkovetskaia & Irina N. Nikitina & Tatiana V. Gromova, 2018. "The Role of Small and Medium Entrepreneurship in the Economy of Russia," Montenegrin Journal of Economics, Economic Laboratory for Transition Research (ELIT), vol. 14(3), pages 177-188.
    2. Iuliia S. Pinkovetskaia & Igor V. Balynin, 2018. "Structure of Small and Medium-Sized Business- Results of Total Statistic Observations in Russia," Montenegrin Journal of Economics, Economic Laboratory for Transition Research (ELIT), vol. 14(1), pages 143-158.
    3. Alberto Burchi & Bogdan Włodarczyk & Marek Szturo & Duccio Martelli, 2021. "The Effects of Financial Literacy on Sustainable Entrepreneurship," Sustainability, MDPI, vol. 13(9), pages 1-21, April.
    4. Andrea M. Herrmann, 2019. "A plea for varieties of entrepreneurship," Small Business Economics, Springer, vol. 52(2), pages 331-343, February.
    5. Henrekson, Magnus & Johansson, Dan, 2010. "Firm Growth, Institutions and Structural Transformation," Ratio Working Papers 150, The Ratio Institute.
    6. Irene Bertschek & Joern Block & Alexander S. Kritikos & Caroline Stiel, 2024. "German financial state aid during Covid-19 pandemic: Higher impact among digitalized self-employed," Entrepreneurship & Regional Development, Taylor & Francis Journals, vol. 36(1-2), pages 76-97, January.
    7. Carla Daniela Calá & Miguel Manjón-Antolín & Josep-Maria Arauzo-Carod, 2016. "Regional determinants of firm entry in a developing country," Papers in Regional Science, Wiley Blackwell, vol. 95(2), pages 259-279, June.
    8. Richard Hunt & Lauren Ortiz-Hunt, 2018. "Deinstitutionalization through Business Model Evolution: Women Entrepreneurs in the Middle East and North Africa," Chapters, in: Ladislav Mura (ed.), Entrepreneurship - Development Tendencies and Empirical Approach, IntechOpen.
    9. El Machkouri, Mohamed & Volný, Dalibor & Wu, Wei Biao, 2013. "A central limit theorem for stationary random fields," Stochastic Processes and their Applications, Elsevier, vol. 123(1), pages 1-14.
    10. Li, Kunpeng & Lin, Wei, 2024. "Threshold spatial autoregressive model," Journal of Econometrics, Elsevier, vol. 244(1).
    11. Verhoeven, Dennis & Bakker, Jurriën & Veugelers, Reinhilde, 2016. "Measuring technological novelty with patent-based indicators," Research Policy, Elsevier, vol. 45(3), pages 707-723.
    12. Luis Alvarez & Bruno Ferman, 2020. "Inference in Difference-in-Differences with Few Treated Units and Spatial Correlation," Papers 2006.16997, arXiv.org, revised Apr 2023.
    13. J. Pinkovetskaya & ЮЛИЯ Пиньковецкая СЕМЕНОВНА, 2016. "Анализ Отраслевой Локализации Малого И Среднего Предпринимательства В Регионах // Industrial Localization Analysis Of Small And Medium Entrepreneurship In The Regions," Управленческие науки // Management Science, ФГОБУВО Финансовый университет при Правительстве Российской Федерации // Financial University under The Government of Russian Federation, vol. 6(2), pages 70-82.
    14. Magnus Henrekson & Anders Kärnä & Tino Sanandaji, 2022. "Schumpeterian entrepreneurship: coveted by policymakers but impervious to top-down policymaking," Journal of Evolutionary Economics, Springer, vol. 32(3), pages 867-890, July.
    15. Christopher J. Boudreaux & Daniel L. Bennett & David S. Lucas & Boris N. Nikolaev, 2023. "Taking mental models seriously: institutions, entrepreneurship, and the mediating role of socio-cognitive traits," Small Business Economics, Springer, vol. 61(2), pages 465-493, August.
    16. Sun, Xiaoyan & Xie, Xuanli, 2024. "How does digital finance promote entrepreneurship? The roles of traditional financial institutions and BigTech firms," Pacific-Basin Finance Journal, Elsevier, vol. 85(C).
    17. Lambert Jerman, 2013. "La juste valeur : une comptabilité actuarielle pour les marchés … ou les comptables ?," Post-Print hal-00991877, HAL.
    18. Assmann, Daisy & Ehrl, Philipp, 2021. "Individualistic culture and entrepreneurial opportunities," Journal of Economic Behavior & Organization, Elsevier, vol. 188(C), pages 1248-1268.
    19. Elsinger, Helmut, 2013. "Comment on: A non-parametric spatial independence test using symbolic entropy," Regional Science and Urban Economics, Elsevier, vol. 43(5), pages 838-840.
    20. Robert J. Bennett & Harry Smith & Piero Montebruno & Carry van Lieshout, 2022. "Changes in Victorian entrepreneurship in England and Wales 1851-1911: Methodology and business population estimates," Business History, Taylor & Francis Journals, vol. 64(7), pages 1211-1243, September.

    More about this item

    Keywords

    SMEs; size categories of the enterprises; investments into fixed capital; types of economic activity; regions of Russia;
    All these keywords.

    JEL classification:

    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • C31 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Cross-Sectional Models; Spatial Models; Treatment Effect Models; Quantile Regressions; Social Interaction Models

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bit:bsrysr:v:9:y:2018:i:1:p:65-78:n:6. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Peter Golla (email available below). General contact details of provider: https://www.sciendo.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.