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Fast-Growing Firms – “Gazelles” in Modern Russia: An Empirical Study of Growth Factors

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Software Engineering Perspectives in Intelligent Systems (CoMeSySo 2020)

Part of the book series: Advances in Intelligent Systems and Computing ((AISC,volume 1294))

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Abstract

Fast-growing companies or “gazelles” are dynamically developing firms with annual growth rates above 20%. In many developing countries, they are one of the most important drivers of economic development, provide up to 5080% of job growth, and are also “pioneers” of new market niches, including high-tech ones. The authors of the paper study the sector of fast-growing firms in Russia to identify the features of their life cycle. Fast-growing companies in modern Russia are, first of all, companies with high initial costs, a short production cycle, and a growing need for financing from external sources. As a rule, they work in capital-intensive sectors of the economy. The paper reveals factors of the internal business environment that allow Russian “gazelle” companies to achieve high rates of growth. The authors design econometric models of the dependence of the revenue of fast-growing companies per employee on a number of factors of the company’s growth. The results of the study suggest the need for state support of high-growth companies at the initial stages of their development, in particular, ensuring the development of economic infrastructure and facilitating the access of firms to financing.

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Author information

Authors and Affiliations

  1. Siberian Federal University, Krasnoyarsk, Russia

    Vladislav Rutskiy & Roman Tsarev

  2. Lomonosov Moscow State University, Moscow, Russia

    Marina Solodova

  3. Krasnoyarsk State Agrarian University, Krasnoyarsk, Russia

    Roman Tsarev

  4. Moscow State Institute of International Relations MGIMO, Moscow, Russia

    Irina Yarygina

  5. Inonu University, Malatya, Turkey

    Omer Faruk Derindag

Authors
  1. Vladislav Rutskiy
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  2. Marina Solodova
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  3. Roman Tsarev
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  4. Irina Yarygina
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  5. Omer Faruk Derindag
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Corresponding author

Correspondence to Roman Tsarev .

Editor information

Editors and Affiliations

  1. Faculty of Applied Informatic, Tomas Bata University in Zlín, Zlín, Czech Republic

    Radek Silhavy

  2. Faculty of Applied Informatics, Tomas Bata University in Zlin, Zlín, Czech Republic

    Petr Silhavy

  3. Faculty of Applied Informatics, Tomas Bata University in Zlin, Zlín, Czech Republic

    Zdenka Prokopova

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Rutskiy, V., Solodova, M., Tsarev, R., Yarygina, I., Derindag, O.F. (2020). Fast-Growing Firms – “Gazelles” in Modern Russia: An Empirical Study of Growth Factors . In: Silhavy, R., Silhavy, P., Prokopova, Z. (eds) Software Engineering Perspectives in Intelligent Systems. CoMeSySo 2020. Advances in Intelligent Systems and Computing, vol 1294. Springer, Cham. https://doi.org/10.1007/978-3-030-63322-6_87

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