Russian entrepreneurship in the context of the economic crisis: tendencies, problems and prospects

Economic Annals-ХХI: Volume 194, Issue (11-12), Pages: 29-35

Citation information:
Slinkova, O., Slinkov, A., Semchenko, I., Vishnevskaya, E., & Yasenok, S. (2021). Russian entrepreneurship in the context of the economic crisis: tendencies, problems and prospects. Economic Annals-XXI, 194(11-12), 29-35. doi: https://doi.org/10.21003/ea.V194-04

Olga Slinkova
D.Sc. (Economics),
Associate Professor of the Department of International Tourism and Hotel Business,
Belgorod State National Research University
85 Pobedy Str., Belgorod, 308015, Russian Federation
Slinkova@bsu.edu.ru
ORCID ID: https://orcid.org/0000-0003-0904-0845

Anatoliy Slinkov
PhD (Economics),
Associate Professor,
Vice-Rector for Research and Innovation,
Belgorod Institute of Education Development
14 Studencheskaya Str., Belgorod, 308007, Russian Federation
st121175@mail.ru
ORCID ID: https://orcid.org/0000-0002-6254-2767

Irina Semchenko
PhD (Social Sciences),
Associate Professor of the Department of International Tourism and Hotel Business,
Belgorod State National Research University
85 Pobedy Str., Belgorod, 308015, Russian Federation
Semchenko@bsu.edu.ru
ORCID ID: https://orcid.org/0000-0002-5078-3096

Ekaterina Vishnevskaya
PhD (Economics),
Associate Professor of the Department of International Tourism and Hotel Business,
Belgorod State National Research University
85 Pobedy Str., Belgorod, 308015, Russian Federation
vishnevskaya@bsu.edu.ru
ORCID ID: https://orcid.org/0000-0001-7797-2500

Svetlana Yasenok
PhD (Economics),
Associate Professor of the Department of International Tourism and Hotel Business,
Belgorod State National Research University
85 Pobedy Str., Belgorod, 308015, Russian Federation
Yasenok@bsu.edu.ru
ORCID ID: https://orcid.org/0000-0002-9048-3477

Russian entrepreneurship in the context of the economic crisis: tendencies, problems and prospects

Abstract. The economic crisis that began in 2014 continues to have a negative impact on Russian entrepreneurship. The measures taken to overcome the consequences of the crisis do not give the desired results. The objective of the article is to analyze the main trends of entrepreneurship in Russia and identify areas of its activation to support sustainable economic growth and economic security. The article presents the authors’ approach to the definition of entrepreneurial activity. A number of indicators for assessing entrepreneurial activity are proposed. The basic tendencies of development of small and medium business of Russia during the crisis are revealed. Two key factors determining the level of entrepreneurial activity are assessed: the desire and willingness of people to engage in entrepreneurial activity and the availability of conditions for the creation and development of their own business in Russia. We also marked the features of motivation of Russians to start their own business. The key factors that have a negative impact on the development of Russian entrepreneurship and determine the direction of the application of the efforts of state and public institutions to activate it are formulated.

Keywords: Economic Crisis; Russian Entrepreneurship; Entrepreneurial Activity; Small and Medium Business; Motivation of Entrepreneurial Activity

JEL Classifications: A11; B23; Е64; I18

Acknowledgements and Funding: The authors received no direct funding for this research.

Contribution: The authors contributed equally to this work.

Data Availability Statement: The dataset is available from the authors upon request.

DOI: https://doi.org/10.21003/ea.V194-04

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Received 12.08.2021
Received in revised form 19.09.2021
Accepted 22.09.2021
Available online 27.12.2021