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

Author

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  • 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
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    References listed on IDEAS

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    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

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