STRUCTURAL, INSTITUTIONAL, AND SPATIAL FACTORS IN THE OPERATION OF NOVOSIBIRSK OBLAST ENTERPRISES
E.A. Kolomak1,2
1Institute of Economics and Industrial Engineering, Siberian Branch of the Russian Academy of Sciences, Novosibirsk, Russia
2Novosibirsk National Research State University, Novosibirsk, Russia
Keywords: Enterprise, productivity, profitability, factors, microeconomic analysis, empirical analysis, Novosibirsk Oblast
Abstract
This article investigates how structural, institutional, and spatial factors influence business performance in Novosibirsk Oblast. The study utilizes data from the SPARK-Interfax database for the years 2019-2020, focusing on enterprises in the region. The empirical analysis employed regression models and an extended production function approach to examine how various factors influence enterprise revenue and profit. In addition to assets and labor remuneration, the study assessed the impact of factors such as industry affiliation, firm age, ownership form, and distance to the regional capital. The findings reveal that private businesses and young firms demonstrate higher productivity and profitability, underscoring the importance of supporting entrepreneurship and new ventures in the region. Furthermore, industrial and service businesses outperform the agricultural sector, suggesting targeted assistance for agriculture may be warranted. The analysis highlights the significant contribution of agglomeration effects to firm performance in Novosibirsk Oblast, comparable to national averages. This emphasizes the need for transport and infrastructure projects that reduce the cost of business interactions.
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