Taxation and Transaction Costs as Factors of Business Success in Medium-Sized Enterprises in Russia

Victor Barhatov (), Ekaterina Nikolaeva () and Irina Belova ()
Additional contact information
Victor Barhatov: Chelyabinsk State University
Ekaterina Nikolaeva: Chelyabinsk State University
Irina Belova: Chelyabinsk State University

A chapter in Entrepreneurship, Business and Economics - Vol. 1, 2016, pp 129-137 from Springer

Abstract: Abstract The purpose of the report is to present the results of study institutional factors influencing the success of medium-sized businesses in Russia. The main institutional factors that affect the success are: availability of financial resources to enterprises, tax burden on business, administrative barriers, and barriers to entering the commercial niches. In the study we used data from macroeconomic statistics provided by the Central Bank of Russia and financial statements provided by the First independent rating agency. The influence of institutional factors on the success of the medium-sized enterprises in Chelyabinsk region was evaluated in three key sectors: wholesale trade, construction, manufacture of basic metals and metal products. In the study the data statistical methods were used, including the analysis of variance and correlation analysis. We obtained the following results. Firstly, there is a nonlinear interrelation between the level of transaction costs and the success indicators of enterprises. Secondly, we revealed a close correlation between the volume of lending, and indicators of success. Third, it was found that the tax burden has a significant impact on operating profitability of enterprise. The results allow determining the optimal level of transaction costs and tax burden, keeping the success rates at the highest level.

Keywords: Business success; The success rate; Success factors; Efficiency; Tax burden; Level of transaction costs (search for similar items in EconPapers)
Date: 2016
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

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:spr:eurchp:978-3-319-27570-3_12

Ordering information: This item can be ordered from
http://www.springer.com/9783319275703

DOI: 10.1007/978-3-319-27570-3_12

Access Statistics for this chapter

More chapters in Eurasian Studies in Business and Economics from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().