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

In: Entrepreneurship, Business and Economics - Vol. 1

Author

Listed:
  • Victor Barhatov

    (Chelyabinsk State University)

  • Ekaterina Nikolaeva

    (Chelyabinsk State University)

  • Irina Belova

    (Chelyabinsk State University)

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.

Suggested Citation

  • Victor Barhatov & Ekaterina Nikolaeva & Irina Belova, 2016. "Taxation and Transaction Costs as Factors of Business Success in Medium-Sized Enterprises in Russia," Eurasian Studies in Business and Economics, in: Mehmet Huseyin Bilgin & Hakan Danis (ed.), Entrepreneurship, Business and Economics - Vol. 1, edition 1, pages 129-137, Springer.
    • Handle: RePEc:spr:eurchp:978-3-319-27570-3_12
    DOI: 10.1007/978-3-319-27570-3_12
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