TY - GEN

T1 - Russian High Tech Companies

T2 - 14th International Scientific-Technical Conference on Actual Problems of Electronic Instrument Engineering, APEIE 2018

AU - Kravchenko, Natalyia A.

AU - Goryushkin, Anton A.

AU - Ivanova, Anastasiya I.

AU - Kuznetsova, Svetlana A.

AU - Khalimova, Sophia R.

AU - Yusupova, Almira T.

PY - 2018/11/26

Y1 - 2018/11/26

N2 - The competitiveness of modern economy is determined mainly by the high-technology business activities Case of Russian economy is under discussion. The paper is concentrated on the revealing and estimation the factors of growth of the companies operating in knowledge-intensive services and high-tech manufacturing sector of national economy. The empirical part is based on data provided by Business Environment and Enterprise Performance Survey (BEEPS) arranged by the World Bank. Dynamics of employees' number during three years was chosen as an explaining variable. Such approach is quiet common. Internal determinants were presented by factors related to innovative capacities, human capital, resource conditions and financial limitations. Company's age and ownership structure were taken into account also. A two-step assessment procedure was applied in order to determine and estimate the factors of growth. Significant factors were selected with the help of best subsets regression and then these factors were further analyzed using OLS. Results revealed that company's age has negative influence to its growth in both analyzed sectors; another common factor which has positive influence is presented by highly educated employees' share. Share of dominating owner and credit application turned to be positively significant for knowledge intensive services. Government subsidies and equipment purchase positively influence on manufacturing companies' growth.

AB - The competitiveness of modern economy is determined mainly by the high-technology business activities Case of Russian economy is under discussion. The paper is concentrated on the revealing and estimation the factors of growth of the companies operating in knowledge-intensive services and high-tech manufacturing sector of national economy. The empirical part is based on data provided by Business Environment and Enterprise Performance Survey (BEEPS) arranged by the World Bank. Dynamics of employees' number during three years was chosen as an explaining variable. Such approach is quiet common. Internal determinants were presented by factors related to innovative capacities, human capital, resource conditions and financial limitations. Company's age and ownership structure were taken into account also. A two-step assessment procedure was applied in order to determine and estimate the factors of growth. Significant factors were selected with the help of best subsets regression and then these factors were further analyzed using OLS. Results revealed that company's age has negative influence to its growth in both analyzed sectors; another common factor which has positive influence is presented by highly educated employees' share. Share of dominating owner and credit application turned to be positively significant for knowledge intensive services. Government subsidies and equipment purchase positively influence on manufacturing companies' growth.

KW - growth factors

KW - manufacturing and knowledge intensive companies

KW - Russian high tech business

UR - http://www.scopus.com/inward/record.url?scp=85060161762&partnerID=8YFLogxK

U2 - 10.1109/APEIE.2018.8545101

DO - 10.1109/APEIE.2018.8545101

M3 - Conference contribution

AN - SCOPUS:85060161762

SP - 398

EP - 401

BT - 2018 14th International Scientific-Technical Conference on Actual Problems of Electronic Instrument Engineering, APEIE 2018 - Proceedings

PB - Institute of Electrical and Electronics Engineers Inc.

Y2 - 2 October 2018 through 6 October 2018

ER -