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Complex Interplay of Eastern Bloc SMEs Trade Credit Determinants: Changes due to the Global Financial Crisis
Complexity. 2022. Vol. 2022. Article 9608649.
We investigate whether the determinants of small and medium enterprises’ (SMEs) trade credits taken for purchasing fixed assets suffered substantial changes due to the global financial crisis (GFC). Geographical focus of this paper covers 18 former Eastern bloc countries. Data sample comprises opinions of the SMEs top managers relative to the trade credit financing. Two-step Heckman procedure is applied to study complexity of the trade credit determinants. We find that before the GFC the equity concentration and inflation have negatively impacted the trade credit while foreign ownership and company’s longevity have had a positive effect. GFC has changed this complex relationship. We evidence that, after the GFC, equity concentration and state subsidies have a positive effect.
Publication based on the results of:
Matveeva N., Yudkevich M., Higher Education 2026 P. 1–20
This study draws on neo-institutional theory and the convergence/divergence debate in higher education research to examine whether public and private universities in EU candidate countries converge or diverge in their research activity and collaboration patterns. We analyse Scopus-indexed publication data for 43 universities across Albania, Bosnia and Herzegovina, Georgia, North Macedonia and Serbia for the ...
Added: August 19, 2026
Biryukova O. V., Barzunov D., Pautov A., Проблемы Дальнего Востока 2026 № 4
The formation of new transcontinental transport arteries intensifies geoeconomic competition in Eurasia and requires the development of sustainable models of investment cooperation. The Chinese Belt and Road Initiative and the International North—South Transport Corridor represent distinct institutional concepts for infrastructure financing, differing in their sources of capital, degree of centralization, and mechanisms of risk allocation. ...
Added: August 19, 2026
Gaete Sepulveda M. A., Navarra: Eunsa, 2026.
Toward the Fifth-Generation University (5GU) is a work that proposes a transformative governance framework for institutions of higher education, capable of addressing the challenges of sustainability, digital reflexivity, and co-creation with multiple stakeholders. Drawing on a historical overview from University 1.0—focused on the preservation of knowledge—to University 5.0, the text presents a model centered on ...
Added: August 18, 2026
Lysenok N., International Journal of Computer Information Systems and Industrial Management Applications 2026 Vol. 18 No. 17s P. 533–549
This paper asks which families of volatility forecasting models create economic value in active trading, and through which integration channel that value is transmitted. Seven models drawn from four families — econometric (GJR-GARCH, HAR-J), gradient boosting (XGBoost, LightGBM), recurrent neural networks (LSTM, GRU) and a hybrid combining HAR-J with boosting — are compared on the ...
Added: August 18, 2026
Alena Bernyukevich, / Series WP BRP "Basic research program". 2025.
This essay explores the complex issue of determining the appropriate level of risk when implementing innovations within organizations. While innovation is widely recognized as a cornerstone of competitiveness, growth, and sustainability, excessive or poorly managed risk can lead to significant challenges. The discussion highlights key factors influencing acceptable risk levels, including alignment with corporate goals, ...
Added: August 17, 2026
Shaposhnikov S., Asia and Africa today 2025
Digital transformation of small and medium enterprises (SMEs) in India is critical to enhancing competitiveness and improving economic performance. It also helps address unemployment and regional inequality. However, SMEs face financial constraints, a digital skills shortage, resistance to change, and cybersecurity challenges. The authors analyze the impact of government initiatives such as Digital India, CGTMSE, ...
Added: August 14, 2026
Bessonova E., Мякишева С. М., Новиков С. В., Вопросы экономики 2026 № 8 С. 95–124
This paper examines total factor productivity (TFP) dynamics among Russian enterprises from 2018 to 2024, using translogarithmic production function estimates for 290 industries. To address endogeneity and functional dependence issues, we employ the Ackerberg—Caves—Frazer methodology with a control function approach. Our findings reveal distinct sectoral patterns. In mining, both simple average and value-added-weighted TFP rose ...
Added: August 13, 2026
BRICS Journal of Economics 2026 Vol. 7 No. 2 P. 185–209
This study provides an empirical analysis of the relationship between trade and the environment in Singapore. It offers valuable insights into reconciling economic growth and environmental sustainability in this globally significant trade center and contributes significantly to policy formulation for trade-oriented economies. The paper examines empirical trends in trade openness, foreign direct investment (FDI), economic ...
Added: August 13, 2026
Gokhberg L., Kutsenko E., Lebedeva S. et al., М.: ИСИЭЗ ВШЭ, 2025.
This publication prepared by the Russian Cluster Observatory of the National Research University Higher School of Economics Institute for Statistical Studies and Economics of Knowledge is a followup of the 2021 publication dedicated to the statistical measurement of the creative economy of Moscow.
It provides the basic economic indicators of Moscow’s creative industries, assessment of the ...
Added: August 13, 2026
Evgeniia K., Cardoni A., Makeeva E. Y. et al., Business Strategy and the Environment 2026 P. 1–17
This study investigates the relevance of sustainable governance (SG) and its impactful elements in the context of the Russian market, a unique case of an isolated economy, using market value as a proxy for concept relevance. Adopting stakeholder and institutional approaches, this study uses panel data from 152 firms listed on the Moscow Exchange from ...
Added: August 12, 2026
Saraev V., Medovnikov D., Розмирович С. Д. et al., М.: Иннопрактика, 2020.
This report presents a brief summary of the results of a study devoted to the analysis of innovation practices in large Russian companies, their comparison with the most successful international experience, and the identification of opportunities to improve the effectiveness of innovation development tools. ...
Added: August 11, 2026
Rozhkova K., Roshchin S., Roshchina Y., Вопросы экономики 2026 № 8 С. 29–54
Стремительное развитие генеративного искусственного интеллекта (генИИ) усилило дискуссии о том, как новые технологии трансформируют рынок труда, особенно позиции и задачи, которые еще недавно мог выполнять только человек. Эксперименты показывают, что генеративный ИИ может обеспечить значительный прирост производительности, особенно менее квалифицированных сотрудников, что может приводить к возникновению индивидуальной зарплатной отдачи на рынке труда. Впервые для России ...
Added: August 11, 2026
Puchkov E., Knyaginina N., М.: Национальный исследовательский университет "Высшая школа экономики", 2026.
The report examines the ecosystem supporting the development of social entrepreneurship in Europe. It considers the historical evolution of the sector, the approaches adopted by the European Union and individual countries to defining and recognising social enterprises, and the differences between European and Russian models. Particular attention is paid to the role of social enterprises ...
Added: August 11, 2026
Междуреченск: Кузбасский государственный технический университет им. Т.Ф. Горбачева, 2026.
В сборнике представлены материалы докладов по направлениям Международной научно-практической конференции «Современные тенденции и инновации в науке и производстве»: 1. Технологии и инновации в горной промышленности; 2. Экономика, управление, финансы; 3. Информационные системы и технологии; 4. Юный исследователь. Целью этой конференции является обмен передовым опытом, повышения квалификации их участников и, вместе с тем, это способ установления и укрепления научного сотрудничества среди ...
Added: August 11, 2026
Fedyunina A., Drapkin I. M., Simachev Y. V., Area Development and Policy 2026
Trade sanctions generate asymmetric shocks in developing economies, reshaping their integration into global value chains (GVCs). Using a gravity framework covering 68 developing countries over the period 2000–2021, this paper examines how sanctions affect forward and backward GVC linkages. We find that sanctions significantly reduce both dimensions of GVC participation: backward linkages suffer deeper and ...
Added: August 10, 2026
Emilia Karpinskaia, Alushkin L., Shirokova G. et al., Management Research Review 2025 Vol. 48 No. 7 P. 1148–1181
Purpose
This paper aims to shed light on the relationship between organizational identity and strategic responses to crisis through the lens of intellectual capital perspective and resource-based view.
Design/methodology/approach
A longitudinal multiple case study design was adopted to extract rich data from interviews conducted with nine Russian SMEs during the first two waves of the COVID-19 pandemic.
Findings
The results ...
Added: August 11, 2025
Molodchik M., Bykova A., Ivanov E. et al., Прикладная эконометрика 2025 № 2(78) С. 28–49
This article analyses the current landscape of government support for small and medium-sized enterprises (SMEs) and evaluates its effectiveness in terms of the “Priority Investment Project” program designed to stimulate investments in innovative and infrastructure initiatives. The contradictory results of previous empirical studies and the high demand for applied tools by public authorities have determined ...
Added: July 24, 2025
Sikachev A., Ymer 2025 No. 3 P. 1064–1081
This article examines how digital maturity can enhance the resilience of small and medium-sized enterprises (SMEs) within the dynamic institutional environment of emerging economies. Using in-depth interviews from two companies—a transportation business reliant on physical infrastructure and an online travel agency built around digital platforms—the study finds that enterprises dependent on capital-intensive assets face greater ...
Added: March 26, 2025
Kozachenko E., Journal of Entrepreneurship in Emerging Economies 2025 Vol. 17 No. 5 P. 1135–1160
Purpose
Amidst global economic uncertainties, small and medium-sized enterprises (SMEs) are confronted with the pressing need to adapt to complex and ambiguous external landscapes. This study aims to investigate how the decision-making strategies of causation and effectuation are related to the performance of Russian SMEs and whether and how this relationship is moderated by CEO tenure.
Design/methodology/approach
Using ...
Added: February 3, 2025
Osiyevskyy O., Sinha K., Shirokova G. et al., European Management Journal 2026 Vol. 44 No. 2 P. 245–259
Innovation capabilities form the basis for firms’ adapting to changing external environments and creating and sustaining competitive advantage. Yet we still know relatively little about the impact of the distinct types of innovation capabilities on firm performance and its reliability. Grounded in the organizational capability view of innovation, our study is the first to propose ...
Added: February 2, 2025
Батаева Б. С., Киселева Н. И., Cheglakova L. M. et al., Общество и экономика 2024 № 12 С. 34–45
The methodological basis for the study of regional business entities’ participation in the ESG agenda and the implementation of national projects was the concept of sustainable development and resource theory. According to the results of a survey of 208 respondents from 144 organizations in the private and public sectors of the economy of
Krasnoyarsk Krai, large state-owned companies lag ...
Added: January 31, 2025
Artamoshina P. S., Shirokova G., Bodolica V., Journal of Entrepreneurship in Emerging Economies 2025 Vol. 17 No. 3 P. 509–545
Purpose
The current business environment is characterized by high levels of uncertainty that affect the global economic system and have the greatest impact on small and medium-sized enterprises (SMEs). With an elevated degree of perceived uncertainty, Chief executive officers' (CEOs) of SMEs find themselves in a situation where the old approaches to decision-making are irrelevant and ...
Added: September 23, 2024
Kozachenko E., Shirokova G., Bodolica V., International Journal of Organizational Analysis 2025 Vol. 33 No. 7 P. 1742–1764
Purpose
Previous studies considered effectuation and causation as alternative decision-making strategies used by entrepreneurs to navigate uncertainty, having various individual- and firm-level antecedents. This study aims to broaden our understanding of individual-level antecedents by examining the role of Chief Executive Officer (CEO) temporal focus in decision-making processes in small and medium-sized enterprises (SMEs).
Design/methodology/approach
Based on a multiple ...
Added: September 19, 2024
Golikova V., Russian Management Journal 2024 Vol. 21 No. 4 P. 552–578
Goal: drawing from resource-based and institutional perspectives, the Russian sanctions/ countersanctions are studied as a context of enduring economic-political turbulence for small- and medium-sized enterprises (SMEs) managers following external shock for Russian economy after first wave of sanctions in 2014 which affects firm performance through resource availability changes and (enforced) adjustments of strategic resources. Methodology: ...
Added: June 17, 2024