Innovative Activities of SMEs in Russia: Constraints and Growth Factors
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.
This is the third volume in a series of five books which bring together the results of intensive research on the national systems of innovation in the BRICS countries – Brazil, Russia, India, China, and South Africa. This book looks at the relationship between small and medium enterprises and the national systems of innovation in the BRICS countries. It brings to fore crucial issues in the evolution and future trends of industrial or innovation policies for small firms: their scope, applicability, co-ordination, and main results, as well as the influence of macroeconomic, legal and regulatory environments. Taking into account the specificities and complexities of SMEs’ production and innovation systems, it seeks to inform research, policy design and implementation in the field. Combining original and detailed data, this book is an invaluable resource for researchers and scholars in economics, development studies, and political science, as well as policymakers and development practitioners interested in the BRICS countries.
These proceedings represent the work of contributors to the 9th European Conference on Entrepreneurship and Innovation jECIE 2014), hosted this year by University of Ulster Business School and the School of Social Enterprises Ireland, Belfast, UK, on the 18-19 September 2014. The Conference Co-Chairs are Dr Brendan Galbraith, Dr Sandra Moffett, University of Ulster, Belfast, UK, Professor Ken O'Neill and Professor Jackie McCoy, School of Social Enterprises Ireland.
ECIE continues to develop and evolve. Now in its 9th year the key aim remains the opportunity for participants to share ideas and meet the people who hold them. The scope of papers will ensure an interesting two days. The subjects covered illustrate the wide range of topics that fall into this important and growing area of research. The theme of this year's conference is Societal-driven Innovation and Entrepreneurship' and we are pleased with the range of research that has been submitted this year on the topic.
The opening keynote presentation is given by Micheal Pyner, Social Entrepreneur and Creative Advisor and will address the topic of "Innovating for Community Good". This is followed by Dr Stephen E. Cross, Executive Vice President of Research, Georgia Institute of Technology, USA - who will speak on the topic of "The influence of social courage on innovation ecosystems" and Fr Myles Kavanagh CP, Flax Trust, Northern Ireland, UK will give a talk entitled "A blast from the past". Our final keynote will be delivered by Mr. Roberto Santoro (Italy) President of the European Society of Concurrent Engineering Network (ESoCE Net) on the topic of "People Olympics for Healthy and Active Living: A People Driven Social Innovation Platform".
in addition to the main themes of the conference there are a number of specialist mini tracks on topics including Innovation and strategy, Entrepreneurship education in action, The theory and practice of collaboration in entrepreneurship and Challenges for entrepreneurship and innovation n the 21st Century.
With an initial submission of 178 abstracts, after the double blind, peer review process there are 56 Academic Research papers, 1 Master Research paper 2 Non Academic papers, 13 PhD Research papers and 1 work-in-progress paper published in these Conference Proceedings. These papers represent research from Australia, Brazil, Canada, Chile, Cyprus, Czech Republic, Denmark, Egypt, Finland, France, Germany, Greece, Iceland, Indonesia, Italy, Kazakhstan, Kuwait, Lithuania, Malaysia, Mex- co, Northern Ireland, Poland, Portugal, Romania, Russia, Slovenia, South Africa, Spain, Taiwan, UK, USA.
Dr Brendan Galbraith
University of Ulster Business School, Belfast, UK September 2014
Many efforts have been done in developing the national innovation system (NIS) concept. However, there are the limitations, which do not allow to make it operable and effective in practice. This investigation attempts to eliminate some limitations of the approach. The NIS is presented as three interrelated macro blocs: business environment, environment producing new knowledge and knowledge transfer mechanism. The principles of performance and effi-ciency measuring of NIS are proposed. The system structure-object and functional approaches to NIS performance and efficiency are applied. The former is used for decomposition of NIS objects of high aggregation level. The latter is available for analysis of NIS efficiency and its factors. The methods allow to estimate the NIS component by component and identify the cause-effect chains of factors impacts on its elements. The key policy tools tailored to liqui-date and mitigate market failure and NIS dysfunctions are proposed. Keywords: innovation activity, structure-object decomposition, functional analysis, effi-ciency, factors, innovation policy, stages of development
The collective monograph includes practical and theoretical materials on the questions of innovation activity in the system of education.
The authors of this paper present the results of their studies of genesis of the notion «innovation» and adjacent terms in regulatory legal acts of the Russian Federation, since 1998.
The paper examines the structure, governance, and balance sheets of state-controlled banks in Russia, which accounted for over 55 percent of the total assets in the country's banking system in early 2012. The author offers a credible estimate of the size of the country's state banking sector by including banks that are indirectly owned by public organizations. Contrary to some predictions based on the theoretical literature on economic transition, he explains the relatively high profitability and efficiency of Russian state-controlled banks by pointing to their competitive position in such functions as acquisition and disposal of assets on behalf of the government. Also suggested in the paper is a different way of looking at market concentration in Russia (by consolidating the market shares of core state-controlled banks), which produces a picture of a more concentrated market than officially reported. Lastly, one of the author's interesting conclusions is that China provides a better benchmark than the formerly centrally planned economies of Central and Eastern Europe by which to assess the viability of state ownership of banks in Russia and to evaluate the country's banking sector.
The paper examines the principles for the supervision of financial conglomerates proposed by BCBS in the consultative document published in December 2011. Moreover, the article proposes a number of suggestions worked out by the authors within the HSE research team.