Determinants of Small and Medium-Sized Enterprise Development in Russia: A Review of the Literature (Part 1)

Sergey Shkiotov; Damir Zagidullin

doi:10.52957/2221-3260-2026-3-197-206

JEL

G18 L26

DETERMINANTS OF SMALL AND MEDIUM-SIZED ENTERPRISE DEVELOPMENT IN RUSSIA: A REVIEW OF THE LITERATURE (PART 1) Determinants of Small and Medium-Sized Enterprise Development in Russia: A Review of the Literature (Part 1)

АА Аа

Published in Theoretical economics · Pages 197–206 · Rubric: YOUNG RESEARCHERS

DOI: https://doi.org/10.52957/2221-3260-2026-3-197-206

Received: 06.03.2026 Accepted: 21.03.2026 Published: 31.03.2026

Authors

Sergey Shkiotov

ORCID

Damir Zagidullin

Sergey Shkiotov

Academic degree: candidate of economic sciences

Science rang: docent

Yaroslavl State Technical University Associate Professor · Institut ekonomiki i menedzhmenta

ORCID

Damir Zagidullin

Yaroslavl State Technical University Russian Federation

ABSTRACT

The article presents a review of contemporary academic literature devoted to the determinants of small and medium-sized enterprise (SME) development in Russia. Institutional, financial, regional, innovation and technological, agricultural, and macroeconomic factors affecting the dynamics of the SME sector are examined. Particular attention is paid to administrative barriers, limited access to financial resources, the insufficient effectiveness of state support measures, regional heterogeneity of the entrepreneurial environment, and the impact of sanctions-related restrictions. The study demonstrates that, despite the importance of SMEs for employment, innovation activity, and sustainable territorial development, the contribution of this sector to the Russian economy remains lower than in developed countries. The synthesis of scholarly works leads to the conclusion that SME development requires improvements in the institutional environment, greater targeting of government support measures, expansion of financial instruments, and strengthening of regional entrepreneurial infrastructure. The findings may be used for further research on SME growth factors and for the development of economic policy measures.

KEYWORDS

small and medium-sized enterprises; determinants of SME development; state support for SMEs; entrepreneurial activity; literature review

Text

Text (PDF)

Read Download

1. Abdulmanov B. A., Nikolaev V. A. Institutional Conditions for Managing Small Business Development in Regional Economic Systems // Teoriya i praktika obschestvennogo razvitiya. – 2025. – № 11. – S. 134–141. – DOI:https://doi.org/10.24158/tipor.2025.11.15. EDN: https://elibrary.ru/KIYDGQ

2. Antyushin M. V., Guskova I. V., Serebrovskaya N. E. Factor analysis of the functioning of small business and its development prospects under sanctions // Putevoditel' predprinimatelya. – 2022. – T. 15, № 2. – S. 35–43. – DOI:https://doi.org/10.24182/2073-9885-2022-15-2-35-43. EDN: https://elibrary.ru/QAOTMV

3. Arsakaev I. Sh., Mal'sagova H. S. Regional'nye aspekty sostoyaniya razvitiya malogo biznesa v Rossii // Fundamental'nye issledovaniya. – 2020. – № 11. – S. 32–36. – DOI:https://doi.org/10.17513/fr.42870. – EDN: https://elibrary.ru/VBEEBW.

4. Azjeurova K. E., Kopteva Zh. Yu., Shcherbakov D. B. Development of Small and Medium-Sized Businesses in Certain Areas of the Central Federal District of the Russian Federation in the Context of State Support Measures and the Regions’ Own Potential // Proceedings of the Southwest State University. Series: Economics. Sociology. Management. – 2023. – T. 13, № 6. – S. 65–83. – DOI:https://doi.org/10.21869/2223-1552-2023-13-6-65-83. EDN: https://elibrary.ru/HIHPQC

5. Bakaykina A. V. Determinants of SME support participation in the Russian two-tier system // Zhurnal Novoy ekonomicheskoy associacii. – 2024. – T. 62, № 1. – S. 75–100. – DOI:https://doi.org/10.31737/22212264_2024_1_75-100. EDN: https://elibrary.ru/HZSHZQ

6. Baria B. P., Mehta D. H. What Determines SME Financial Inclusion in Emerging Economies? Deriving Policy Implications Using a Logistic Regression Approach // Financial Resilience and Environmental Sustainability: Global South Perspectives. – Cham : Springer, 2025. – P. 411–431. – DOI:https://doi.org/10.1007/978-981-96-4269-4_18.

7. Belyaeva T., Kozieva I., Šikýř M. Study of the Relationship Between Regional Development and the Activities of Small and Medium-Sized Businesses // Proceedings of the Southwest State University. Series: Economics. Sociology. Management. – 2023. – DOI:https://doi.org/10.21869/2223-1552-2023-13-5-107-117. EDN: https://elibrary.ru/YOOCSZ

8. Chebukhanova L. V., Zimakov A. M. Resource support of innovative small and medium-sized enterprises for space industry development in Russia // Acta Astronautica. – 2022. – Vol. 200. – P. 626–634. – DOI:https://doi.org/10.1016/j.actaastro.2022.09.033. EDN: https://elibrary.ru/WEOBKV

9. Chebukhanova L., Blokhina T. Problems of alternative financing for innovative SME in Russia // 7th International Conference on Education and Social Sciences (INTCESS 2020) / ed. by F. Uslu. – Istanbul : INT Organization Center Academic Research, 2020. – P. 350–357.

10. Chigrin A. D. Small business and the competitiveness of Russia: An unconventional view // Zhurnal Novoy ekonomicheskoy associacii. – 2018. – T. 39, № 3. – S. 110–126. – DOI:https://doi.org/10.31737/2221-2264-2018-39-3-5. EDN: https://elibrary.ru/YABJTN

11. Dasan P. Small & Medium Enterprise Assessment in Czech Republic & Russia Using Marketing Analytics Methodology // Central European Business Review. – 2013. – Vol. 2, № 4. – P. 39–49. – DOI:https://doi.org/10.18267/j.cebr.63.

12. Donetskova O., Sadykova L. The state and prospects of development of insurance for small and medium-sized businesses in Russia // Siberian Financial School. – 2024. – № 3. – P. 56–62. – DOI:https://doi.org/10.34020/1993-4386-2024-3-56-62. EDN: https://elibrary.ru/MDXQVM

13. Frolova S., Litvinova I., Salomatina M., Bryazgunova N. Small business as a factor in sustainable rural development // BIO Web of Conferences. – 2020. – DOI:https://doi.org/10.1051/bioconf/20201700004. EDN: https://elibrary.ru/ISPKAO

14. Gamidullaeva L., Vasin S., Wise N. Increasing small- and medium-enterprise contribution to local and regional economic growth by assessing the institutional environment // Journal of Small Business and Enterprise Development. – 2020. – Vol. 27. – P. 259–280. – DOI:https://doi.org/10.1108/jsbed-07-2019-0219.

15. Gataulina E., Potapova A., Ternovskiy D. Identification and characteristics of small and medium-sized businesses in rural areas of Russia // Izvestiya Timiryazevskoy sel'skohozyaystvennoy akademii. – 2022. – DOI:https://doi.org/10.26897/0021-342X-2022-2-117-130. EDN: https://elibrary.ru/KHTHZX

16. Gazieva L. R., Zelimkhanova N. Z. Analysis of regional support for the development of small and medium-sized enterprises // Ekonomika i upravlenie: problemy, resheniya. – 2025. – T. 5/5, № 158. – S. 92–98. – DOI:https://doi.org/10.36871/ek.up.p.r.2025.05.05.012. EDN: https://elibrary.ru/NNIXBS

17. Glukhikh P. L., Myslyakova Y. G., Malysheva E. V., Krasnykh S. S. The relationship of the region’s export potential and the start-up movement of the youth // Economy of Regions. – 2018. – Vol. 14, № 4. – P. 1512–1525. – DOI:https://doi.org/10.17059/2018-4-35. EDN: https://elibrary.ru/YRQAHB

18. Golikova V., Kuznetsov B. Suboptimal Size: Factors Preventing the Growth of Russian Small and Medium-Sized Enterprises // Foresight and STI Governance. – 2017. – Vol. 11, № 3. – P. 83–93. – DOI:https://doi.org/10.17323/2500-2597.2017.3.83.93. EDN: https://elibrary.ru/ZHKPJX

19. Ivanov I. N., Orlova L. V., Sundukova G. M. On the prospects of small and medium-sized manufacturing businesses in Russia // Vestnik universiteta. – 2024. – № 7. – S. 110–117. – DOI:https://doi.org/10.26425/1816-4277-2024-7-110-117. EDN: https://elibrary.ru/FDJIZY

20. Kan V. Do Initial Conditions Matter? A Comparative Analysis of SME Development in Russia, Kazakhstan, and Uzbekistan // CIS Discussion Paper Series. – 2015.

21. Matnenko N. N., Trubin D. A. Models for assessing and enhancing SME efficiency: experience, comparative analysis, and implementation features // Ekonomika i upravlenie: problemy, resheniya. – 2025. – T. 8/2, № 161. – S. 158–169. – DOI:https://doi.org/10.36871/ek.up.p.r.2025.08.02.014. EDN: https://elibrary.ru/ICUXXH

22. Mikhaylova V. Development of small agribusiness entities of the region in the agricultural cooperation system // Vestnik of Kazan State Agrarian University. – 2025. – DOI:https://doi.org/10.12737/2073-0462-2025-1-128-133. EDN: https://elibrary.ru/JMPYIC

23. Mitrofanova I., Ivanova T. Regional Development Institutions: Status and Effectiveness (On the Example of Small and Medium-Sized Enterprises in the Regions of Southern Russia) // Vestnik Volgogradskogo gosudarstvennogo universiteta. Ekonomika. – 2023. – DOI:https://doi.org/10.15688/ek.jvolsu.2023.3.5. EDN: https://elibrary.ru/JVASTO

24. Mottaeva A. Problems of development of small and medium-sized enterprises in the Far East // Russian Journal of Management. – 2025. – T. 13, № 5. – S. 73–83. – DOI:https://doi.org/10.29039/2500-1469-2025-13-5-73-83. EDN: https://elibrary.ru/QPMEYM

25. Dalisova N. A., Martynova T. A. Support of small business as a factor of sustainable development of Krasnoyarsk region districts // E3S Web of Conferences. – 2023. – Vol. 376. – P. 05049. DOI: https://doi.org/10.1051/e3sconf/202337605049; EDN: https://elibrary.ru/URRIJG

26. Neopulo K. L. O neobhodimosti sovershenstvovaniya gosudarstvennoy podderzhki malogo i srednego predprinimatel'stva kak faktora povysheniya predprinimatel'skoy aktivnosti malogo biznesa // Putevoditel' predprinimatelya. – 2020. – T. 13, № 1. – S. 137–145. – DOI:https://doi.org/10.24182/2073-9885-2020-13-1-137-145. EDN: https://elibrary.ru/ACMJHW

27. Osipova Y., Kazmina L. Small business as a factor of sustainable development of rural areas of the regions of Russia on the example of social service enterprises // E3S Web of Conferences. – 2023. – DOI:https://doi.org/10.1051/e3sconf/202338101087. EDN: https://elibrary.ru/FGKKOA

28. Pyshkin A. N. Public-type MFOs as an Element of Financial System // Finance: Theory and Practice. – 2023. – Vol. 27, № 3. – P. 65–78. – DOI:https://doi.org/10.26794/2587-5671-2023-27-3-65-78. EDN: https://elibrary.ru/FDMDML

29. Shor I., Shelestova D., Galamyan L. Financial Support for the Sustainable Development of Small and Medium-Sized Businesses in the Regions / Proceedings of the International Scientific and Practical Conference on Sustainable Development of Regional Infrastructure, SCITEPRESS - Science and Technology Publications, 2021, pp. 266–271. – DOI:https://doi.org/10.5220/0010589202660271.

30. Shpilkina T. A., Dolina O. N., Filimonova N. N., Artamonova L. S. Prospects for the development of SMEs until 2030 as part of the implementation of new national projects // Putevoditel' predprinimatelya. – 2024. – T. 17, № 4. – S. 57–66. – DOI:https://doi.org/10.24182/2073-9885-2024-17-4-57-66. EDN: https://elibrary.ru/OIEWGC

31. Slesarev M. A. Business Incubators in Russia: 2020 Survey in International Comparative Perspective // Vestnik MGIMO-Universiteta. – 2022. – T. 15, № 4. – S. 102–129. – DOI:https://doi.org/10.24833/2071-8160-2022-4-85-102-129. EDN: https://elibrary.ru/CQVXMU

32. Sogacheva O., Devyatylova A. Regional Aspects of State Support for Small and Medium-Sized Businesses: Assessment of the Results Achieved and Prospects for Development // Proceedings of the Southwest State University. Series: Economics. Sociology. Management. – 2023. – DOI:https://doi.org/10.21869/2223-1552-2023-13-4-100-110. EDN: https://elibrary.ru/AVSSNC

33. Yurchenko K., Mitrofanova I. Implementation of the NP “Small and Medium Enterprises and Support for Individual Entrepreneurial Initiatives” in the Southern Regions of Russia (2019–2022) // Ekonomika i upravlenie: problemy, resheniya. – 2023. – DOI:https://doi.org/10.36871/ek.up.p.r.2023.08.03.011.

34. Zakharova K., Aktaev N., Purgina A. The impact of small and medium business finance on the level of economic wealth of the region // Tyumen State University Herald. Social, Economic, and Law Research. – 2022. – DOI:https://doi.org/10.21684/2411-7897-2022-8-2-164-183. EDN: https://elibrary.ru/SKIIUX

35. Zhdanchikov P. A., Ilyina I. N., Pechurchik V. V. Key trends in the development of small and medium-sized businesses in Russian regions // Bulletin of Russian Academy of Natural Sciences. – 2025. – Vol. 25, № 2. – P. 129–144. – DOI:https://doi.org/10.52531/1682-1696-2025-25-2-129-144. EDN: https://elibrary.ru/TSIMIA

36. Albendov R. Perspektivy razvitiya malogo biznesa v rossiyskoy ekonomike // Vestnik Tverskogo gosudarstvennogo universiteta. Seriya: Ekonomika i upravlenie. – 2021. – DOI:https://doi.org/10.26456/2219-1453/2021.2.195-202.

37. Kundius V. A., Goroh A. V. Rol' malogo i srednego biznesa v razvitii sel'skih territoriy (na primere sel'skih poseleniy Altayskogo kraya) // Ekonomika i biznes: teoriya i praktika. – 2019. – № 11-2. – URL: https://cyberleninka.ru/article/n/rol-malogo-i-srednego-biznesa-v-razvitii-selskih-territoriy-na-primere-selskih-poseleniy-altayskogo-kraya (data obrascheniya: 29.01.2026). DOI: https://doi.org/10.24411/2411-0450-2019-11348; EDN: https://elibrary.ru/WYASZL

38. Gluhov K., Chebashev I., Mihalevskiy A. Analiz effektivnosti mer gosudarstvennoy podderzhki sektora malogo i srednego predprinimatel'stva v Rossii v period pandemii // Vestnik universiteta. – 2021. – S. 5–13. – DOI:https://doi.org/10.26425/1816-4277-2021-6-5-13. EDN: https://elibrary.ru/VNJSBX

39. Kirichenko I. A., Koshenskov V. V. Maloe predprinimatel'stvo Rossii cherez prizmu nacional'nogo proekta // Mir novoy ekonomiki. – 2021. – № 2. – URL: https://cyberleninka.ru/article/n/maloe-predprinimatelstvo-rossii-cherez-prizmu-natsionalnogo-proekta (data obrascheniya: 29.01.2026). DOI: https://doi.org/10.26794/2220-6469-2021-15-2-118-130; EDN: https://elibrary.ru/ZNPYQX

40. Spicyn A., Yakimchuk N. On measures of support of small and medium-sized business in municipal units of Leningrad region // Zhurnal pravovyh i ekonomicheskih issledovaniy. – 2023. – DOI:https://doi.org/10.26163/gief.2023.60.75.054. EDN: https://elibrary.ru/ZUWQPI

41. Frolova O. N. Maloe i srednee predprinimatel'stvo v ekonomike Respubliki Bashkortostan // Ekonomika i predprinimatel'stvo. – 2020. – № 2(115). – S. 418–423. – DOI:https://doi.org/10.34925/EIP.2020.115.2.080. – EDN: https://elibrary.ru/GVVFLK.

This work is licensed under Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International

PDF Text JATS XML

Executive editor

Maksim Markin

markinmi@ystu.ru

Chief Editor

Valery Gordeev

vagordeev@rambler.ru

Deputy Editor-in-Chief

Marina Mayorova

mayorovama@ystu.ru

Deputy editor-in-chief

Galina Rodina

galinarodina@mail.ru

664

downloads

This work is licensed under Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International Creative Commons

GOST

Shkiotov S. V., Zagidullin D. M. Determinants of Small and Medium-Sized Enterprise Development in Russia: A Review of the Literature (Part 1) // Theoretical economics. 2026. no. 3. pp. 197-206. DOI: https://doi.org/10.52957/2221-3260-2026-3-197-206. (Date of access 10.09.2026).

MLA

Sergey Shkiotov, Zagidullin D. M.. "Determinants of Small and Medium-Sized Enterprise Development in Russia: A Review of the Literature (Part 1)." Theoretical economics.3 (2026): 197-206. DOI: https://doi.org/10.52957/2221-3260-2026-3-197-206.

APA

Shkiotov S. V., Zagidullin D. M. (2026). Determinants of Small and Medium-Sized Enterprise Development in Russia: A Review of the Literature (Part 1). Theoretical economics(3), 197-206. https://doi.org/10.52957/2221-3260-2026-3-197-206

Chicago

Sergey Shkiotov, Zagidullin D. M.. "Determinants of Small and Medium-Sized Enterprise Development in Russia: A Review of the Literature (Part 1)." Theoretical economics, no. 3 (2026): 197-206. https://doi.org/10.52957/2221-3260-2026-3-197-206.

WIKI

{{cite journal | author = Shkiotov S. V., Zagidullin D. M. | title = Determinants of Small and Medium-Sized Enterprise Development in Russia: A Review of the Literature (Part 1) | journal = Theoretical economics | year = 2026 | issue = 3 | pages = 197-206 | doi = 10.52957/2221-3260-2026-3-197-206 }}

Copy

Export: BibTeX EndNote RefMan RusMARC

DETERMINANTS OF SMALL AND MEDIUM-SIZED ENTERPRISE DEVELOPMENT IN RUSSIA: A REVIEW OF THE LITERATURE (PART 1) Determinants of Small and Medium-Sized Enterprise Development in Russia: A Review of the Literature (Part 1)

Confirmation