Institutional Aspects of Stimulating Small Business

The article emphasizes the need to consider the institutional environment of small businesses as the basis for ensuring the implementation of the state strategy for business development during the period of overcoming the consequences of the economic crisis that arose as a result of the spread of a...

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Main Author: Demiroglu Niiara B.
Format: Article
Language:English
Published: EDP Sciences 2021-01-01
Series:SHS Web of Conferences
Online Access:https://www.shs-conferences.org/articles/shsconf/pdf/2021/21/shsconf_icemt2021_01018.pdf
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author Demiroglu Niiara B.
author_facet Demiroglu Niiara B.
author_sort Demiroglu Niiara B.
collection DOAJ
description The article emphasizes the need to consider the institutional environment of small businesses as the basis for ensuring the implementation of the state strategy for business development during the period of overcoming the consequences of the economic crisis that arose as a result of the spread of a new coronavirus infection. The comparative characteristic of the definitions “institutional environment” and “institutional environment of entrepreneurship” of domestic and foreign researchers is carried out. Conclusions are made about the need to study the interaction of elements of the institutional environment of entrepreneurship development in Russia. The stages of formation of the institutional environment of small business are summarized. The composition and structure of small business entities in recent years have been analyzed. The problems affecting the decrease in the level of the business climate are systematized. The institutions for supporting small businesses (the fund for support (development) of SMEs in the region, the SME corporation, Skolkovo, territories of advanced socio-economic development, special economic zones, industrial parks, etc.), which provide various types of support for entrepreneurs: subsidies, tax incentives, preferential lending, non-financial support, government guarantees. The role of the state as the initiator of the creation of various institutions that support the development of small business and implements programs for the strategic development of small and medium-sized businesses, stimulating the growth of investment potential, is emphasized. To conduct the research, the author used both theoretical and empirical methods.
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spelling doaj.art-ce56024e0dad4e33a770be0ead1432912022-12-21T18:44:26ZengEDP SciencesSHS Web of Conferences2261-24242021-01-011100101810.1051/shsconf/202111001018shsconf_icemt2021_01018Institutional Aspects of Stimulating Small BusinessDemiroglu Niiara B.The article emphasizes the need to consider the institutional environment of small businesses as the basis for ensuring the implementation of the state strategy for business development during the period of overcoming the consequences of the economic crisis that arose as a result of the spread of a new coronavirus infection. The comparative characteristic of the definitions “institutional environment” and “institutional environment of entrepreneurship” of domestic and foreign researchers is carried out. Conclusions are made about the need to study the interaction of elements of the institutional environment of entrepreneurship development in Russia. The stages of formation of the institutional environment of small business are summarized. The composition and structure of small business entities in recent years have been analyzed. The problems affecting the decrease in the level of the business climate are systematized. The institutions for supporting small businesses (the fund for support (development) of SMEs in the region, the SME corporation, Skolkovo, territories of advanced socio-economic development, special economic zones, industrial parks, etc.), which provide various types of support for entrepreneurs: subsidies, tax incentives, preferential lending, non-financial support, government guarantees. The role of the state as the initiator of the creation of various institutions that support the development of small business and implements programs for the strategic development of small and medium-sized businesses, stimulating the growth of investment potential, is emphasized. To conduct the research, the author used both theoretical and empirical methods.https://www.shs-conferences.org/articles/shsconf/pdf/2021/21/shsconf_icemt2021_01018.pdf
spellingShingle Demiroglu Niiara B.
Institutional Aspects of Stimulating Small Business
SHS Web of Conferences
title Institutional Aspects of Stimulating Small Business
title_full Institutional Aspects of Stimulating Small Business
title_fullStr Institutional Aspects of Stimulating Small Business
title_full_unstemmed Institutional Aspects of Stimulating Small Business
title_short Institutional Aspects of Stimulating Small Business
title_sort institutional aspects of stimulating small business
url https://www.shs-conferences.org/articles/shsconf/pdf/2021/21/shsconf_icemt2021_01018.pdf
work_keys_str_mv AT demirogluniiarab institutionalaspectsofstimulatingsmallbusiness