The Impact of Self-Regulation and State Regulation on Small Business Development: An Innovative Approach
https://doi.org/10.17803/2713-0533.2023.1.23.041-064
Abstract
Various factors affect the development of small business. Among these are self-regulation and state regulation. The authors focus on the impact that self-regulation and state regulation have on small business, study their interrelation, and interplay in the infrastructural support for the small business development. Both self-regulation and state regulation have their own objectives, guiding principles, inherent functions, and a set of methods and tools to influence the development of small businesses. The authors conclude that, in present day Russia, the focus is on shifting from state regulation to self-regulation without providing additional conditions for development, which reduces the social efficiency of self-regulation. Self-regulation as an alternative to state regulation should be chosen based on the level of the social relations development in general and in the regulated area, in particular. Currently, the development of innovative small businesses as drivers in the economic development attracts much attention. Without state regulation of innovative processes, sustainable socio-economic development of Russia is almost impossible. The economic mechanism of control over the innovative business should include the infrastructure to favor the conditions for the development and introduction of innovative products by small enterprises; the regulatory framework to create equal conditions for business operations, considering the specifics of production and its priority for the region it takes place in; the HR-related matters to plan business activities considering the professional competence of specialists and the ability to improve their skills. The transition to the innovative development path should include the possibilities of both self-regulation and the need for state regulation to form the conditions for a favorable innovative environment.
About the Authors
S. E. Zhura
Plekhanov Russian University of Economics
Russian Federation
Russian Federation
Svetlana E. Zhura, Dr. Sci. (Economics), Associate Professor, Leading Researcher
36 Stremyannyy Lane, Moscow 117997
Scopus Author ID: 57194706250
O. I. Vorobyova
Northern State Medical University
Russian Federation
Russian Federation
Olga I. Vorobyova, Dr. Sci. (Philology), Professor, Head of the Department of Foreign Languages and Russian as a Foreign Language
51 Troitskiy Av., Arkhangelsk 163061
WoS Researcher ID: AAS-7672-2021
I. V. Ershova
Northern (Arctic) Federal University named after M.V. Lomonosov
Russian Federation
Russian Federation
Irina V. Ershova, Cand. Sci. (Philosophy), Associate Professor, Associate Professor, Department of Theory and History of State and Law, Higher School of Economics, Management and Law
58 Lomonosov Av., Arkhangelsk 163061
WoS Researcher ID: W-2519-2017
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For citations:
Zhura S.E., Vorobyova O.I., Ershova I.V. The Impact of Self-Regulation and State Regulation on Small Business Development: An Innovative Approach. Kutafin Law Review. 2023;10(1):41-64. https://doi.org/10.17803/2713-0533.2023.1.23.041-064
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