The Role of the Transaction Costs in the Business Success of Small and Medium Sized Enterprises in Russia

Николаева, Е. В.; Pletnev, Dmitri

doi:10.1016/j.sbspro.2016.05.104

Cited by 11 publications

(10 citation statements)

References 12 publications

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“…Among positive innovations in the small business regulation, it is worth noticing that federal subjects of the Russian Federation are granted the right to establish the 0% tax rate for taxpayers who are registered as individual entrepreneurs and have switched to the simplified or patent taxation system (Gorevaya & Khayrullina, 2015;Nikolaeva & Pletnev, 2016;Ershova, 2017;Sadykov, 2017). In 2015, the new provisions of the Tax Code expanded the list of activities (from 47 to 63 items) that can be performed using the patent taxation system.…”

Section: Problem Definitionmentioning

confidence: 99%

Small and medium enterprises in the context of regional development and innovations

Ruchkina

Melnichuk

Фрумина

et al. 2017

Journal of International Studies

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Abstract. The current state of economic development and innovations' support often brings small and medium enterprises (SMEs) at the forefront of government fiscal policy. Various policy measures targeted at SMEs' support and development necessarily include measures on promotion of innovations within small business. However, despite substantial efforts undertaken by the authorities to increased financial injections into this area, development of innovations by small businesses faces many obstacles. Statistics on the registered small and medium enterprises shows that the sharp rise of entrepreneurship observed in the early 1990s changed for the stagnation towards the end of the decade and sluggish dynamics of the present time. Unfortunately, as practice shows, measures taken so far do not stimulate significant changes in the development of small business. Moreover, differentiation of small businesses between regions is only increasing, as it is manifested through substitution of divergence for convergence. Our paper analyzes the legal framework regulating small business development as well as state of innovations within SMEs so that to identify the main indicators

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Section: Problem Definitionmentioning

confidence: 99%

Small and medium enterprises in the context of regional development and innovations

Ruchkina

Melnichuk

Фрумина

et al. 2017

Journal of International Studies

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“…They strive to adopt mechanisms that can maximize their profitability with low costs (Agburu, Anza, & Iyortsuun, 2017). Poor cost management is likely to attract risks, leading to SME unprofitability (Nikolaeva & Pletnev, 2016). Therefore, effective cost management, and efficiency can be attained when effective governance mechanisms are adopted (Lopez-Perez, Perez-Lopez, & Rodriguez-Ariza, 2013).…”

Section: Transaction Cost Economics In Smesmentioning

confidence: 99%

Risk-Taking and Performance of Small and Medium-Sized Enterprises: Lessons from Tanzanian Bakeries

Jeje¹

2020

JEBS

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SMEs are the major drivers of socioeconomic development of many economies. In order to influence economic growth, SMEs must be capable of enhancing their competiveness, growth, and sustainability. These capabilities are acquired by SMEs that understand and adopt entrepreneurial strategies that work. There is abundant literature confirming that one of these entrepreneurial strategies include risk-taking practices. SMEs are still facing challenges to understand and apply the right risk-taking strategies that influence their performance. We therefore characterise risk-taking as risk planning, risk controlling, and strategic risk initiatives, and seek to establish their contribution on SME performance. This study draws lessons from the risk management practices of small and medium-sized bakeries in Tanzania where agriculture, a sector that directly relates with bakery business, is one of the leading sectors in driving economic growth. We adopt a multi-stage sampling technique and receive responses from 161 questionnaires, and 20 in depth interviews from bakery owners/managers throughout Tanzania. The principal component analysis, qualitative content analysis (manifest analysis), and the moderator analysis are used in analyzing these data. We ascertain that both the firm age, and the gender, of the owner/manager moderate the relationship between risk-taking strategies and SME performance. We argue that SMEs have the responsibilities of improving their risk-taking practices and capabilities in order to drive their competitiveness. Additionally, SMEs need to employ their efforts and resources in supporting their risk management initiatives, and integrate them in their business operations, and policy development practices, and ultimately advance their sustainability.

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“…Companies must implement control mechanisms for shipping goods, such as document verification through a customs agent and export specialists to protect themselves from political opportunism. study by Nikolaeva and Pletnev (2016) who consider that the companies that use these transaction costs increase their profits and the possibility of being successful, however those that do not implement these costs run the risk of being unproductive, Likewise, Brouthers and Nakos (2004) conclude that the transaction cost used by companies is a useful tool for making business decisions that facilitates entry and success in the international market.…”

Section: Political Opportunistic Behaviourmentioning

confidence: 99%

Internal Factors That Stimulate the Internationalization of Companies in Peru’s Jewellery Sector

Jara

Román

Surichaqui

et al. 2020

Business: Theory and Practice

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The purpose of this research is to make known the internal factors that stimulate the internationalization of companies in the jewelery sector. We consider the qualitative approach at the descriptive level through semi-structured interviews with twelve major exporting companies in the jewelery sector in Peru. The results of the investigation show that the most relevant internal factors for the internationalization of jewelry companies is the international experience based on the understanding of markets, foreign clients, competition, knowledge of the documents and certificates necessary for an export, international commercial relations and risks in the negotiations; Another relevant internal factor is the personalization of the product with characteristics of innovation that generates better export results and, therefore, have a competitive position, since in the international market customers consider that companies have a product with added value, innovative and competitive. Moderately relevant factors are transaction costs, firm size, and the tacit nature of know-how; while opportunistic behaviuor is of little relevance. These findings will serve to understand opportunities and limitations that companies must be aware of to undertake new internationalization projects in the jewelery sector.

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The Role of the Transaction Costs in the Business Success of Small and Medium Sized Enterprises in Russia

Cited by 11 publications

References 12 publications

Small and medium enterprises in the context of regional development and innovations

Small and medium enterprises in the context of regional development and innovations

Risk-Taking and Performance of Small and Medium-Sized Enterprises: Lessons from Tanzanian Bakeries

Internal Factors That Stimulate the Internationalization of Companies in Peru’s Jewellery Sector

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