title: Factors of the resilience of small businesses under external shocks in Russia (based on the longitudinal study data)
metadata.name: dc.contributor.author
metadata.value: Egorova, A. I.
metadata.lang: -
metadata.name: dc.contributor.author
metadata.value: Chepurenko, A. Yu.
metadata.lang: -
metadata.name: dc.date.accessioned
metadata.value: 2023-03-02T18:36:13Z
metadata.lang: -
metadata.name: dc.date.available
metadata.value: 2023-03-02T18:36:13Z
metadata.lang: -
metadata.name: dc.date.issued
metadata.value: 2022-06
metadata.lang: -
metadata.name: dc.identifier.citation
metadata.value: Egorova A. I., Chepurenko A. Yu. 2022. Factors of the resilience of small businesses under external shocks in Russia (based on the longitudinal study data). Russian Management Journal 20 (2): 172–197. https://doi.org/10.21638/spbu18.2022.202 (In Russian)
metadata.lang: en_GB
metadata.name: dc.identifier.other
metadata.value: https://doi.org/10.21638/spbu18.2022.202
metadata.lang: -
metadata.name: dc.identifier.uri
metadata.value: http://hdl.handle.net/11701/39192
metadata.lang: -
metadata.name: dc.description.abstract
metadata.value: Goal: this article analyzes the impact of a number of factors of a different nature on the financial
  and economic “resilience” of the business of Russian small entrepreneurs during the period of
  external shocks (Pandemic, situation across Ukraine). Methodology: the empirical base of the
  papers consist of the data of five waves of small business longitudinal study (initial number —
  750 people), implemented in 2021–2022 by the Foundation “Public Opinion”. To analyze the panel
  data, multinomial logistical regression with fixed effects was chosen (FE-model). Findings: the
  article shows that: the age of the business is not a significant factor that can explain the resilience
  of the business reaction to external shocks; the larger the market, the higher the likelihood that
  the business will either be sustainably developing even during shocks, or will perform resiliently
  under external shocks; opportunity driven motivation is more likely to promote resilience than
  necessity driven motivation, and is more often typical for entrepreneurs whose businesses are
  even growing under external shocks; the use of innovations does not lead to business resilience
  under external shocks — at least on the materials of the available panel of respondents. Originality
  and contribution: the paper’s contribution to the existing literature consists of following. First,
  it is the first attempt to differentiate several factors which presumably might affect SMEs resilient
  reaction on external shocks taking the dynamics of their behavior, but not basing on the data of
  a one-time study. It came out that neither the age of business, nor the use of innovative solutions
  have any prolonged impact on it. Moreover, the share of resilient businesses led by entrepreneurs
  driven by the opportunity to increase their income is similar to those necessity driven entrepreneurs,
  while IDO entrepreneurs it is much higher. The finding that the volume of the market is positively
  connected with the resilience during shocks confirms the importance of studying the effects of
  the volume of businesses’ operations on its stable performance. The limitation of the study is as
  a relatively short period of observation (July 2021 — July 2022).
metadata.lang: en_GB
metadata.name: dc.description.sponsorship
metadata.value: This article was prepared in the course of the project “Adaptation strategies of Russian small entrepreneurs
  to shock changes in the economy and society”, supported by the Faculty of Social Sciences, the HSE University.
metadata.lang: en_GB
metadata.name: dc.language.iso
metadata.value: ru
metadata.lang: en_GB
metadata.name: dc.publisher
metadata.value: St Petersburg State University
metadata.lang: en_GB
metadata.name: dc.relation.ispartofseries
metadata.value: Russian Management Journal;Volume 20; Issue 2
metadata.lang: -
metadata.name: dc.subject
metadata.value: small entrepreneurship
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: resilience factors
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: pandemic COVID-19
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: Russia
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: longitudinal survey
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: quantitative analysis
metadata.lang: en_GB
metadata.name: dc.title
metadata.value: Factors of the resilience of small businesses under external shocks in Russia (based on the longitudinal study data)
metadata.lang: en_GB
metadata.name: dc.type
metadata.value: Article
metadata.lang: en_GB
resources.filename: 02.pdf
resources.url: https://dspace.spbu.ru/bitstream/11701/39192/1/02.pdf
resources.format: Adobe PDF
resources.size: 1,29 MB