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MAIN PAGE > Journal "Finance and Management" > Rubric "Finances of the entrepreneurs "
Finances of the entrepreneurs
Ginzburg M., Mitin D. - The issue of assessing the impact of political risks on financial and economic activities of small and medium enterprises (SME) pp. 83-109

DOI:
10.7256/2409-7802.2015.4.15460

Abstract: This research is dedicated to study of small and medium business representatives attitude towards the issue of taking into account political risks in their financial and economic activities. The authors formulated and tested the hypothesis, that entrepreneurs in different regions of Russia are indifferent towards political risks, as they continue to operate in conditions of political and economic risks, not trying to minimize them. At the same time, the entrepreneurs, who were questioned, connect the change of economic status of small and medium business in the country with external and internal political situation in Russia to a small degree.The authors chose analytical method as this particular research method, as well as a method of individual interviews with the owners and managing employees of small and medium enterprises. In the course of these interviews, the interview subjects were asked about their attitude towards the degree of security of small and medium enterprises in Russia, investments and savings effectiveness, small and medium entrepreneurship State support, political risks magnitude, as well as the changes, that took place since the beginning of this research.The authors received the following results: representatives of small and medium enterprises in Russian regions do not consider political risks sufficient enough for them to be taken into account in their financial and economic activities.Representatives of small and medium businesses are inclined to take risks, they are also patriotic, although some of them do not support the political course, taken by the leaders of the country. They are quite conservative, connected to the place of their residence, they plan to continue to be involved with their current businesses in the region, despite the high level of economic and political risks and corruption. At the same time the representatives of small and medium sized businesses of Russian regions connect the change in economic situation in the country with the current political situation only to a small degree.
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