Strategic Entrepreneurship in Russia during Economic Crisis
The paper explores the patterns of business investment in research and development (R&D) using evidence from companies in South Africa, in comparison with indicators for a number of other countries. This study covers the period 2006–2016, the studied companies were grouped by the amount of R&am...
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| Format: | Article |
| Language: | English |
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National Research University Higher School of Economics
2019-09-01
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| Series: | Foresight and STI Governance |
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| Online Access: | https://foresight-journal.hse.ru/article/view/19194 |
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| author | Galina Shirokova Liudmila Ivvonen Elena Gafforova |
| author_facet | Galina Shirokova Liudmila Ivvonen Elena Gafforova |
| author_sort | Galina Shirokova |
| collection | DOAJ |
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The paper explores the patterns of business investment in research and development (R&D) using evidence from companies in South Africa, in comparison with indicators for a number of other countries. This study covers the period 2006–2016, the studied companies were grouped by the amount of R&D expenditures (BERD), the number of reports on research performance for the first and last years of monitoring. A typical characteristic of private sector R&D activities is the uneven distribution of resources in space and time. The major financial and other assets are concentrated within few large companies from a limited number of industries, while the majority of small and medium-sized enterprises invest in R&D projects only sporadically, for a period of no more than two consequential years. Firms that perform R&D for longer periods invest in R&D incrementally and remain more persistent than enterprises performing less R&D for shorter time periods. In view of the common nature of a number of patterns, these observations suggest different approaches to policies supporting R&D performance in the business sector not only in South Africa, but also in other countries.
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| format | Article |
| id | doaj-art-2e3c9346a5d34bf694841b3c195f15c8 |
| institution | DOAJ |
| issn | 2500-2597 |
| language | English |
| publishDate | 2019-09-01 |
| publisher | National Research University Higher School of Economics |
| record_format | Article |
| series | Foresight and STI Governance |
| spelling | doaj-art-2e3c9346a5d34bf694841b3c195f15c82025-08-20T03:16:42ZengNational Research University Higher School of EconomicsForesight and STI Governance2500-25972019-09-0113310.17323/2500-2597.2019.3.62.76Strategic Entrepreneurship in Russia during Economic CrisisGalina Shirokova0Liudmila Ivvonen1Elena Gafforova2St. Petersburg University, 3 Volkhovsky pereulok, St. Petersburg, 199004, RussiaSt. Petersburg University, 3 Volkhovsky ln, St. Petersburg 199004, Russian FederationFar Eastern Federal University, 8 Sukhanova str., Vladivostok 690091, Russian Federation The paper explores the patterns of business investment in research and development (R&D) using evidence from companies in South Africa, in comparison with indicators for a number of other countries. This study covers the period 2006–2016, the studied companies were grouped by the amount of R&D expenditures (BERD), the number of reports on research performance for the first and last years of monitoring. A typical characteristic of private sector R&D activities is the uneven distribution of resources in space and time. The major financial and other assets are concentrated within few large companies from a limited number of industries, while the majority of small and medium-sized enterprises invest in R&D projects only sporadically, for a period of no more than two consequential years. Firms that perform R&D for longer periods invest in R&D incrementally and remain more persistent than enterprises performing less R&D for shorter time periods. In view of the common nature of a number of patterns, these observations suggest different approaches to policies supporting R&D performance in the business sector not only in South Africa, but also in other countries. https://foresight-journal.hse.ru/article/view/19194economic crisisinnovationRussiaperformancesmall and medium enterprisesstrategic entrepreneurship |
| spellingShingle | Galina Shirokova Liudmila Ivvonen Elena Gafforova Strategic Entrepreneurship in Russia during Economic Crisis Foresight and STI Governance economic crisis innovation Russia performance small and medium enterprises strategic entrepreneurship |
| title | Strategic Entrepreneurship in Russia during Economic Crisis |
| title_full | Strategic Entrepreneurship in Russia during Economic Crisis |
| title_fullStr | Strategic Entrepreneurship in Russia during Economic Crisis |
| title_full_unstemmed | Strategic Entrepreneurship in Russia during Economic Crisis |
| title_short | Strategic Entrepreneurship in Russia during Economic Crisis |
| title_sort | strategic entrepreneurship in russia during economic crisis |
| topic | economic crisis innovation Russia performance small and medium enterprises strategic entrepreneurship |
| url | https://foresight-journal.hse.ru/article/view/19194 |
| work_keys_str_mv | AT galinashirokova strategicentrepreneurshipinrussiaduringeconomiccrisis AT liudmilaivvonen strategicentrepreneurshipinrussiaduringeconomiccrisis AT elenagafforova strategicentrepreneurshipinrussiaduringeconomiccrisis |