Projection of enterprise survival rate in dynamics of regional economic sustainability: case study of Russia and the EU

Kuzmin, Evgeny; Vinogradova, Marina V.; Guseva, Valentina E.

doi:10.9770/jesi.2019.6.4(4)

Cited by 7 publications

(5 citation statements)

References 37 publications

(38 reference statements)

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“…Empirical evidence was also provided by [76], who argued that new businesses promote innovation and facilitate the introduction of new technologies, which ultimately translates into an increase in the overall performance of the economy. Addressing the issue from the perspective of start-ups, [77] revealed that the establishment of a new enterprise (and, implicitly, the generation of new jobs) is one of the key factors influencing economic growth.…”

Section: Resultsmentioning

confidence: 99%

An Empirical Investigation of the Link between Entrepreneurship Performance and Economic Development: The Case of EU Countries

et al. 2022

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Theory and practice suggest that entrepreneurship is the engine of economic growth. The speed with which a nation moves from economic growth to economic development depends on the performance of entrepreneurial initiatives. Given the role played by entrepreneurship for the development of an economy, increasing its performance can help the development of national markets and the increase in national competitiveness. The main objective of our paper is to investigate the link between entrepreneurial performance and economic development of countries. The research was carried out on a sample of 27 European Union countries in a period of twelve years. We used panel data regression models. As dependent variables for expressing the economic development, we considered the global competitiveness index and the gross domestic product per capita growth. As independent variables, we used a set of indicators measuring entrepreneurial performance. Our findings highlight the significant role played by increased entrepreneurial performance for enhancing the economic development of EU countries. We also find that some indicators expressing entrepreneurial performance might have different effects on the economy depending on the stage of economic development of countries. Our research provides empirical evidence regarding the need for performant entrepreneurial activities for enhancing economic development.

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Section: Resultsmentioning

confidence: 99%

An Empirical Investigation of the Link between Entrepreneurship Performance and Economic Development: The Case of EU Countries

et al. 2022

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“…This feature is also supported by an analysis of business activity in the EU countries. In general, in countries with a low average enterprise survival rate, in the first year, there is a persisting low rating in almost all of the industries, assuming that trends in enterprise sustainability dynamics depend on an overall economic situation instead of specifics in a particular sector (Kuzmin, Vinogradova, Guseva, 2019).…”

Section: Resultsmentioning

confidence: 99%

Consumer Involvement in the Globalisation of Trade: Case of the European Union

Kheyfets¹,

Chernova²

2022

EoR

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Consumer globalisation is a fundamentally new stage in modern economic development. The Internet and digital technologies are becoming key drivers of consumer globalisation. To assess these processes, a quantitative evaluation method was developed that distinguishes consumer globalisation twofold — actual and potential. The example of the EU countries was analysed for consumer globalisation. The results obtained allow concluding that consumers in countries with high per capita income and higher prevalence and availability of Internet technologies are more globalised. The highest growth rates of globalisation were noted in countries with basically low globalisation indicators — among consumers in Cyprus, Bulgaria, Greece, Slovenia and Romania. There are differences between the EU countries in the intensity of globalisation processes due to different levels of economic development, different provision of infrastructure and information and communication technologies. The assessment of consumer globalisation showed that consumers of all EU countries in 2018 became more globalised in comparison with 2014. The results obtained make it possible to speak with confidence about the beginning of a new stage of economic globalisation, which will be determined by new technologies and consumer networks. The research findings contribute to the better understanding of the ongoing globalisation processes. The consumer globalisation index can serve as a tool for studying the involvement of consumers in international relations, exploring the potential for these relations’ development, as well as the differences in consumer globalisation between different countries, particular regions within the same country and between various social groups of population.

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“…This is the reason why, in the present study, the profit is considered as the main indicator which takes into account the efficiency of management, ensuring the sustainability and development of the economic organizations. Another important element that should be taken into account, is to ensure its longterm stable development and building innovation (Pukala et al, 2018;Kuzmin et al 2019).…”

Section: Methodsmentioning

confidence: 99%

A model for selection of a management team to ensure the sustainability and development of the business organizations

Gryshova¹,

Petrova²,

Tepavicharova³

et al. 2019

JESI

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The managers, through their professional qualifications, personal qualities, norms of behavior and acquired experience, ensure the achievement of the targets and strategies set in the economic organizations. In this respect, the guarantee of their sustainability and development is only possible through building an effective system of selection of the management staff. In the context of the systematic approach, it is of paramount importance to develop a model for selecting a management team to ensure the sustainability and development of the businesses. The justification of the factors, as well as their action and interaction to achieve the sustainability and development of the economic organizations, is of high value for the implementation of a system for selection, training and professional development of the management team. In this regard, the research on organizations which have achieved positive financial and economic results can help to clarify the strength of the interrelation between the varying factors in the selection of a management team. The purpose of the actual article is to explore and model the main factors for selecting a management team, which have a direct or indirect impact on the sustainability and development of the business organizations in Bulgaria.

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Projection of enterprise survival rate in dynamics of regional economic sustainability: case study of Russia and the EU

Cited by 7 publications

References 37 publications

An Empirical Investigation of the Link between Entrepreneurship Performance and Economic Development: The Case of EU Countries

An Empirical Investigation of the Link between Entrepreneurship Performance and Economic Development: The Case of EU Countries

Consumer Involvement in the Globalisation of Trade: Case of the European Union

A model for selection of a management team to ensure the sustainability and development of the business organizations

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