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News
October 8, 2026
HSE Experts Take Part in 23rd Annual Meeting of Valdai Discussion Club
The 23rd Annual Meeting of the Valdai Discussion Club was held from September 28 to October 1, 2026 under the theme ‘Responsibility for the Future: Limits of the Possible, or Limitless Possibilities?’ The forum brought together 120 experts from 40 countries, including representatives of China, the United States, India, Brazil, the United Kingdom, Germany, Egypt, Iran, and Japan.
October 7, 2026
‘Our Team Consists of True Leaders in Their Respective Academic Disciplines
The HSE International Centre of Decision Choice and Analysis studies a wide range of methods for analysing decision-making and possible scenarios for the development of natural, socio-economic, and political phenomena using various mathematical models. The application of advanced mathematical methods to forecasting helps to prevent negative outcomes and avoid erroneous decisions. The HSE News Service spoke to the centre’s director, Prof. Fuad Aleskerov, about its work.
October 6, 2026
International N5 Symposium ‘Neural Networks and Nonlinearity in Nizhny Novgorod Brings Together Scientists from Russia and Serbia
The International N5 Symposium ‘Neural Networks and Nonlinearity in Nizhny Novgorod’ was held at the Nizhny Novgorod House of Scientists from September 23 to 26. The event was organised by HSE University–Nizhny Novgorod and the Nizhny Novgorod House of Scientists, with the participation of Sberbank and the Institute of Physics Belgrade. The symposium was held for the second time: the first conference took place in 2025 and attracted considerable interest from the academic community.

 

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Влияние личных факторов на изменение стратегических намерений малых предпринимателей в условиях экзогенных шоков: анализ лонгитюдных данных

Мониторинг общественного мнения: Экономические и социальные перемены. 2025. № 4. С. 175–201.
Pashkov S., Chepurenko A., Егорова А. И.

This article analyzes the impact of changes in motivation and the evaluation of business conditions on the strategic intentions of small business owners in the context of external shocks. The empirical basis of the study is drawn from the FOM Small Business Longitudinal Survey (initiated in 2021, initial N = 768 individuals). The analytical methodology employs generalized estimating equations (GEE) to fully account for the effects of panel data.

The study reveals that for the majority of respondents, motivation remains stable, although their assessments of the external environment and business performance exhibit slight variability. Changes in motivation, whether from opportunity to necessity or vice versa, are not necessarily driven by changes in current business income but are strongly associated with the evaluation of the overall economic situation. A deterioration in the economic environment may lead to a shift in motivation from opportunity to necessity, whereas improvements can trigger a shift from necessity to opportunity motivation. Changes in motivation in both directions influence entrepreneurs’ strategic intentions, with a significantly stronger effect observed for negative transitions (from opportunity to necessity motivation). An increase in business income has a significant positive effect on changes in entrepreneurs’ strategic intentions, while a decline in income exerts a significant negative effect.

This study is the first to establish a link between changes in business owners’ strategic intentions and their assessments of changing business conditions, current income levels, and owners’ education.]

Research target: Economics and Management Sociology (including Demography and Anthropology
Language: Russian
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Keywords: мотивациястратегиямалое предпринимательствоstrategymotivationлонгитюдlongitudeexternal shocksвнешние шоки small entrepreneurship
Publication based on the results of:
The Impact of External Shocks and Restrictions on the Strategies of Economic Agents in the Context of the New Reality (2025)
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