Abstract
Purpose: The aim of this study is to devise the practical recommendations on developing government financial support as a factor responsible for the small and medium-sized enterprises enhancement in the Russian Federation.
Design/Methodology/Approach: In this study, the authors used systems, economic and statistical analysis and the dialectical method realized through general scientific methods and techniques.
Findings: The sustainability and competitiveness of the small and medium-sized enterprises can be ensured by encouraging the government financial support for the aforementioned segments of the economy in terms of the lack of financial resources. However, in the Russian Federation and its regions, the current support programs of this kind do not let realize the financial potential of the government support. This article provides statistical data analysis on the modern practices of the government financial support for the small and medium-scale entrepreneurship. The SWOT-analysis of the development of this segment of the economy was conducted, which revealed the perspectives for the government financial support for this segment.
Originality/Value: A range of legislative, organizational, financial and economic measures have been suggested in order to obtain high-quality results of the Russian government financial programs of the small and medium-sized enterprises support.
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Shor, D.M., Shor, I.M., Shelestova, D.A. (2020). Government Support of Small and Medium-Sized Enterprises as a Factor of the Competitiveness Strengthening of Russia. In: Inshakova, A., Inshakova, E. (eds) Competitive Russia: Foresight Model of Economic and Legal Development in the Digital Age. CRFMELD 2019. Lecture Notes in Networks and Systems, vol 110. Springer, Cham. https://doi.org/10.1007/978-3-030-45913-0_14
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DOI: https://doi.org/10.1007/978-3-030-45913-0_14
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