Small and medium enterprises in Russia and other countries

Keywords: Entrepreneurship, small enterprises, medium enterprises, types of economic activity, number of employees.


The aim of the study was a comparative analysis of the activities of small and medium-sized enterprises in Russia and foreign countries. The article presents the principles and concepts of entrepreneurship. The distribution of small and medium-sized enterprises by types of economic activity is considered. Data of continuous surveys of activity of entrepreneurship of Russia in 2010 and 2015 were used as initial data. A comparison of the share of small and medium-sized enterprises in the economy of Russia and foreign countries is presented. The results of the study can be used by the departments of regional and municipal authorities engaged in the formation of projects and programs for the development of entrepreneurship, including the development of entrepreneurship in those regions and municipalities. The study is able to provide the government with information on ways to increase the contribution of enterprises to the national economy.

Author Biographies

I. S. Pinkovetskaia, Ulyanovsk State University, Ulyanovsk, Russia

PhD, Associate Professor, Ulyanovsk State University, Ulyanovsk, Russia

E. G. Lyubovtseva, Chuvash State University, Cheboksary, Russia

PhD, Associate Professor,  Chuvash State University, Cheboksary, Russia

Diego Felipe Arbeláez-Campillo, Revista Amazonia Investiga

Contador Público Universidad de la Amazonia (Colombia), Editor Revista Amazonia Investiga

Magda Julissa Rojas-Bahamón, IE Jorge Eliecer Gaitán

Docente IE Jorge Eliecer Gaitán, Universidad de la Amazonia, Colombia


Antoncic B. (2006). Impacts of diversification and corporate entrepreneurship strategy making on growth and profitability: a normative model. Journal of Enterprising Culture,14(01), 49-63.

Astebro T., Herz H., Nanda R. & Weber R. (2014) Seeking the Roots of Entrepreneurship: Insights from Behavioral Economics. Journal of Economic Perspectives,l 28(3), 49–70.

Arustamov E.A. (2015). Business Basics. Publishing and trading corporation "Dashkov and K".

Baumol W.J. (2007). Good capitalism bad capitalism and he economics of growth and prosperity. New Haven: Yale University Press.

Burgstaller J. & Wagner E. (2015). How do family ownership and founder management affect capital structure decisions and adjustment of SMEs? Evidence from a bank-based economy. The Journal of Risk Finance, 16(1), 73-101.

Chernopyatov A.M. (2013). State regulation of business activities. Surgut. OOO Wincher.

Gama A.P.M. & Geraldes H.S.A. (2012). Credit risk assessment and the impact of the New Basel Capital Accord on small and medium-sized enterprises: An empirical analysis. Management Research Review, 35(8), 727-749.

Federal state statistics service. (2019). Institutional changes in the economy. URL: (access date: 16.01.2019).

Frese M. & Gielnik M.M. (2014). The Psychology of Entrepreneurship. Annual Review of Organisational Psychology and Organisational Behavior, 1, 413-438.

Grewal R. & Tansuhaj P. (2001). Building Organizational Capabilities for Managing Economic Crisis: The Role of Market Orientation and Strategic Flexibility. Journal of Marketing, 65, 67-80.

Kirzner I.M. (1973). Competition and Entrepreneurship. Chicago: Chicago University Press.

Kirzner I.M. (1985). Discovery and the Capitalist Process. Chicago: Chicago University Press.

Kiseleva, O., Lebedev, A., Pinkovetskaia, I., Rojas-Bahamón, M., & Arbeláez Campillo, D. (2019). Specialization and concentration of small and medium enterprises employees: Russian data. Amazonia Investiga, 8(20), 6-15.
Knight F.H. (1921). Risk, Uncertainty, and Profit. Houghton Mifflin, Boston.

Lavia Lopez O. & Hiebl M.R.W. (2015) Management Accounting in Small and Medium-sized Enterprises: Current Knowledge and Avenues for Further Research. Journal of Management Accounting Research. vol. 27. no 1. pp. 81-119.

Pinkovetskaia, I. (2019a). Indicadores económicos de la actividad de las pequeñas y medianas empresas en Rusia. Revista Científica Del Amazonas, 2(4), 5-17.

Pinkovetskaia, I. (2019b). Evaluación de la concentración del emprendimiento en las regiones de Rusia. Revista Científica Del Amazonas, 2(4), 18-26.

Pinkovetskaia, I., Nuretdinova, Y., Treskova, T., & Neif, N. (2019). Estimation of fixed capital investment in Russian small enterprises and microenterprises in 2018. Amazonia Investiga, 8(21), 42-51.

Rauch A. & Wiklund J., Lumpkin G. & Frese M. (2009). Entrepreneurial Orientation and Business Performance: An Assessment of Past Research and Suggestions for the Future. Entrepreneurship Theory Practice. no 33. P. 761-787.

Schumpeter J.A. (1934). The Theory of Economic Development. Cambridge, MA: Harvard University Press.

Sector of small and medium entrepreneurship: Russia and the World. (2018) Institute of Growth Economics, July 2018. URL: (accessed: 15.04.2019).

Stenholm P., Acs Z.J. & Wuebker R. (2013) Exploring country level institutional arrangements on the rate and type of entrepreneurial activity. Journal of Business Venturing. no 28. pp. 176-193.

Strategy of SME development in the Russian Federation for the period up to 2030. (2016). The order of the government of 2.06.2016 No.1083-R. Available from 8bd/ (accessed: 16.07.2019).

Tachometer of small and medium businesses. (2017) Version 3.0. Adaptation or transition to the upstream phase of the credit cycle. URL: (accessed: 15.04.2019).

Ugalde-Binda N., Balbastre-Benavent F., Canet-Giner M.T. &, Escriba-Carda N. (2014) The Role of Intellectual Capital and Entrepreneurial Characteristics as Innovation Drivers. Innovar: Revista de Ciencias Administrativas y Sociales, 24(53), 41-60.

Veber J. & Srpova J. (2005). Podnikam male a stfedni firmy. 1. vyd. Praha: Grada.

Vesković N. (2014). Aspects of entrepreneurial risk. FINIZ. Belgrade. Singidunum University. Serbia, 115-117.

Wiklund J. & Shepherd D. (2003). Knowledge Based Resources, Entrepreneurial Orientation and Performance of Small and Medium Sized Businesses. Strategic Management Journal, 24, 1307-1314.

Yates J.F. & Stone E.R. (1992). The risk construct. Chichester, U.K.: Wiley.

Zahra S.A. (1991). Predictors and Financial Outcomes of Corporate Entrepreneurship: An Exploratory Study. Journal of Business Venturing, 6, 259-285.
How to Cite
Pinkovetskaia, I., Lyubovtseva, E., Arbeláez-Campillo, D., & Rojas-Bahamón, M. (2019). Small and medium enterprises in Russia and other countries. Amazonia Investiga, 9(25), 99-106. Retrieved from