Performance of Russian SMEs during the economic crisis: The role of strategic entrepreneurship

Galina Shirokova and L. Ivvonen

No 6454, Working Papers from Graduate School of Management, St. Petersburg State University

Abstract: This study examines how components of strategic entrepreneurship (exploration and exploitation) relate to Russian SMEs performance during the economic crisis and to what extent combinations of firm resources determine these relationships. In order to address these issues we surveyed 651 Russian private SMEs. Our results show that during the economic crisis exploitation is positively associated with SME's performance. However, we found positive association of exploration with SME's performance during the economic crisis instead of negative association. Our results also indicate that relationship between exploration as well as exploitation and firm performance is dependent on different combinations of firm resources.

Keywords: strategic entrepreneurship; exploration; exploitation; SME; sfirm performance; economic crisis; human capital; financial capital; Russia (search for similar items in EconPapers)
Date: 2016
New Economics Papers: this item is included in nep-bec, nep-cis, nep-cse, nep-eff, nep-ent and nep-sbm
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Citations: View citations in EconPapers (2)

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