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

Authors
  • Pinkovetskaia, Iuliia
  • Slepova, Vladislava
Type
Published Article
Journal
Business Systems Research Journal
Publisher
De Gruyter Open
Publication Date
Mar 01, 2018
Volume
9
Issue
1
Pages
65–78
Identifiers
DOI: 10.2478/bsrj-2018-0006
Source
De Gruyter
Keywords
License
Green

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.

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