Location, Technological Level, and Partnerships as Conditions for Company Growth

N. A. Kravchenko (), A. T. Yusupova (), A. I. Ivanova () and M. A. Yagolnitser ()
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N. A. Kravchenko: Institute of Economics and Industrial Engineering, Siberian Branch, Russian Academy of Sciences
A. T. Yusupova: Institute of Economics and Industrial Engineering, Siberian Branch, Russian Academy of Sciences
A. I. Ivanova: Institute of Economics and Industrial Engineering, Siberian Branch, Russian Academy of Sciences
M. A. Yagolnitser: Institute of Economics and Industrial Engineering, Siberian Branch, Russian Academy of Sciences

Regional Research of Russia, 2024, vol. 14, issue 2, 306-315

Abstract: Abstract The article examines the problems of company growth, which are of particular relevance in the modern geopolitical environment. Analysis of the interactions of companies with the external environment that forms the local production system was carried out. Interactions are considered as prerequisites and conditions for growth. The main analyzed growth factors are the size of the company, its industry affiliation, the presence of agglomeration effects, affiliation with large integration entities, innovative focus, customer focus, competitive environment and investment activity. The focus is on high-tech enterprises. The empirical basis of the study was the results of a questionnaire survey of managers of 55 companies operating in the Siberian Federal District. The relationships between the identified factors and their impact on growth was studied by cluster analysis, as a result of which three clusters were formed. The first included high-tech growing companies located primarily in large cities, the second included nongrowing companies, and the third included growing low-tech companies. The sectoral specifics, size, and customer focus of the company turned out to be significant in clustering. State support is important for the development of high-tech companies; however, they do not count on direct financing, highly appreciating assistance in organizing external interactions. The results can be used to determine priorities and formulate measures for state industrial and innovation policy.

Keywords: company growth trajectories; high-tech sector; growth factors; location effect; importance of partnership interactions (search for similar items in EconPapers)
Date: 2024
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DOI: 10.1134/S207997052460015X

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