Fast-Growing Firms – “Gazelles” in Modern Russia: An Empirical Study of Growth Factors
Küçük Resim Yok
Tarih
2020
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
Springer Science and Business Media Deutschland GmbH
Erişim Hakkı
info:eu-repo/semantics/closedAccess
Özet
Fast-growing companies or “gazelles” are dynamically developing firms with annual growth rates above 20%. In many developing countries, they are one of the most important drivers of economic development, provide up to 5080% of job growth, and are also “pioneers” of new market niches, including high-tech ones. The authors of the paper study the sector of fast-growing firms in Russia to identify the features of their life cycle. Fast-growing companies in modern Russia are, first of all, companies with high initial costs, a short production cycle, and a growing need for financing from external sources. As a rule, they work in capital-intensive sectors of the economy. The paper reveals factors of the internal business environment that allow Russian “gazelle” companies to achieve high rates of growth. The authors design econometric models of the dependence of the revenue of fast-growing companies per employee on a number of factors of the company’s growth. The results of the study suggest the need for state support of high-growth companies at the initial stages of their development, in particular, ensuring the development of economic infrastructure and facilitating the access of firms to financing. © 2020, The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG.
Açıklama
4th Computational Methods in Systems and Software, CoMeSySo 2020 -- 14 October 2020 through 17 October 2020 -- 253159
Anahtar Kelimeler
Entrepreneurship, Fast-Growing firms, Firm performance, Innovation
Kaynak
Advances in Intelligent Systems and Computing
WoS Q Değeri
Scopus Q Değeri
N/A
Cilt
1294
