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TERRA ECONOMICUS

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  • Owners and employees of Skolkovo resident companies: An empirical analysis

Owners and employees of Skolkovo resident companies: An empirical analysis


TERRA ECONOMICUS, , Vol. 21 (no. 2),

Within the human capital and entrepreneurship research, the entrepreneurial ability of business owners and employees is a promising factor of production. This study explores the evolution of innovative companies currently registered as the residents of Skolkovo Innovation Center in Russia. We focus on the innovation and entrepreneurship initiative in privately owned Russian companies from 2001 to 2020. To analyze the entrepreneurship concentration among Skolkovo residents, we created a database “The Community of Skolkovo Residents”. The qualitative parameters of companies include the classification of business owners depending on legal entities and individuals, as well as the place where the company was established. Quantitative parameters include: the number of owners of Skolkovo resident companies; owner’s shares in authorized capital; the year of company’s foundation; the number of employees; the amount of state support for companies. Our database relies on the typology of companies into start-ups and corporate companies. We developed criteria to identify four stages of Skolkovo residents’ evolution, and revealed the linear growth of their number from 2001 to 2020. We conclude that the future of the community of Skolkovo residents is related to overcoming the existing trend of individualism with over-centralization of power in the hands of the sole founder. The number of founders from 2 to 4 is typical for Skolkovo resident microenterprises and coincides with the Silicon Valley standard. The improvement of entrepreneurship ability of business owners and employees in innovative companies is associated with the consent mechanisms withing the framework of the “Rhenish” model of capitalism by Michel Albert.
Citation: Lozhnikova A.V., Elmurzaeva R.A., Zemtsov A.A., Kudelina O.V. (2023). Owners and employees of Skolkovo resident companies: An empirical analysis. Terra Economicus 21(2), 84–100 (in Russian). DOI: 10.18522/2073-6606-2023-21-2-84-100
Acknowledgment: The study was supported by the Development Program of Tomsk State University (Priority-2030), by the Development Program of Siberian State Medical University (Priority-2030)


Keywords: entrepreneurial ability; innovative companies; Skolkovo residents; equity; entrepreneurship concentration; consent mechanisms

JEL codes: J54

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Publisher: Southern Federal University
Founder: Southern Federal University
ISSN: 2073-6606