Factors of new venture performance in Russia

Galina Shirokova and Alexander Shatalov

Management Research Review, 2010, vol. 33, issue 5, 484-498

Abstract: Purpose - The purpose of this paper is to discover factors of new ventures performance in Russia and to combine them in a model which describes the influence of these factors on the performance of a new venture. Design/methodology/approach - A cross‐sectional study of new ventures was conducted by a field survey in six regions in Russia. One‐factor variance analysis and regression analysis were used to identify significant factors. Findings - Three groups of factors were identified as significantly influencing performance of new ventures in Russia: environmental factors, style of management and type of strategic behaviour. For environmental factors the following variables were included: crisis in industry, increase in product demand, predictability of regulatory authorities behaviour, predictability of financial markets, and environmental hostility. For company management style, several variables were statistically significant: level of centralization, concentration of management in the hands of the founder, and role of the middle management. For strategic behaviour, only the strategy of prospector in terms of Miles and Snow was found to have significant influence on the new venture performance (NVP). Research limitations/implications - The research ignores industry specifics that may be reflected in different new ventures performance factors. Practical implications - Entrepreneurs starting new ventures in Russia should take into account the identified factors which can influence their companies’ performance. Originality/value - Although there have been many studies on NVP factors, no such research has been performed in Russia.

Keywords: Entrepreneurialism; Russia; Business formation; Corporate strategy; Company performance (search for similar items in EconPapers)
Date: 2010
References: Add references at CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
https://www.emerald.com/insight/content/doi/10.110 ... d&utm_campaign=repec (text/html)
https://www.emerald.com/insight/content/doi/10.110 ... d&utm_campaign=repec (application/pdf)
Access to full text is restricted to subscribers

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eme:mrrpps:v:33:y:2010:i:5:p:484-498

DOI: 10.1108/01409171011041910

Access Statistics for this article

Management Research Review is currently edited by Dr Jay Janney and Prof Lerong He

More articles in Management Research Review from Emerald Group Publishing Limited
Bibliographic data for series maintained by Emerald Support ().