Entrepreneurial ecosystems in the context of the digital economy formation

Author:

VLASOV Maksim V.1ORCID,MUT Elizaveta A.2,MIKHAILOVA Lydia A.2,MOKRUSHNIKOVA Anna P.2

Affiliation:

1. Institute of Economics, Ural Branch of Russian Academy of Sciences

2. Ural Federal University named after the First President of Russia B.N. Yeltsin

Abstract

Subject. The article deals with the idea of entrepreneurial ecosystem approach that focuses on the impact of cities and regions on entrepreneurship, and vice versa, and considers the methodology of interaction between digital technologies and entrepreneurial ecosystems. Objectives. The purpose is to analyze the development of entrepreneurial ecosystems under the digital economy formation. Methods. The study employs the analysis of scientific literature, compilation of statistics, statistical analysis, and practical modeling. Results. We present our own understanding of the definition of entrepreneurial ecosystems. The entrepreneurial ecosystem is considered as a dynamically developing economic system that unites various participants, like business leaders, universities, sources of investment capital, technologies, and has appropriate innovative influence on the environment in which it is located. The paper offers a new methodology for the analysis and evaluation of entrepreneurial ecosystems, defines indicators for quantitative assessment of factors based on statistical data for federal districts. Conclusions. The study shows the heterogeneity of development of entrepreneurial ecosystems in the context of the digital economy, and formulates a conclusion about the contribution of digital technologies to entrepreneurial activity. The Central Federal District occupies a leading position in the close connection of digitalization with entrepreneurial activity. The findings can be used for the analysis of various regions given their specifics, for further research in the field of the impact of digitalization factors on entrepreneurial ecosystems.

Publisher

Publishing House Finance and Credit

Subject

Automotive Engineering

Reference21 articles.

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2. Kurinova Ya.I. [Ecosystem approach in the development of small and medium-sized businesses]. Finansovye issledovaniya = Financial Research, 2021, no. 3, pp. 92–98. URL: Link (In Russ.)

3. Spigel B., Harrison R. Toward a process theory of entrepreneurial ecosystems. Strategic Entrepreneurship Journal, 2018, vol. 12, iss. 1, pp. 151–168. URL: Link

4. Roundy P.T., Burke-Smalley L. Leveraging entrepreneurial ecosystems as human resource systems: A theory of meta-organizational human resource management. Human Resource Management Review, 2022, vol. 32, iss. 4. URL: Link

5. Stephens S., McLaughlin C., Ryan L. et al. Entrepreneurial ecosystems: Multiple domains, dimensions and relationships. Journal of Business Venturing Insights, 2022, vol. 18. URL: Link

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