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Bridging the gap in competitiveness of Russian companies with intangible bricks

Elena Shakina (Department of Economics and Finance, National Research University Higher School of Economics, Perm, Russia)
Angel Barajas (Department of Accountancy and Finance, University of Vigo, Vigo, Spain and the Department of Economics and Finance, National Research University Higher School of Economics, Perm, Russia)
Mariya Molodchik (Department of Economics and Finance, National Research University Higher School of Economics, Perm, Russia)

Measuring Business Excellence

ISSN: 1368-3047

Article publication date: 20 March 2017

377

Abstract

Purpose

The paper aims to explore factors of the low competitiveness of Russian companies assuming that the gap in the endowment of intangible resources is responsible for the gap in competitiveness.

Design/methodology/approach

The framework of resources-based view is used to examine causality between the resources used and competitiveness measured by economic value added (EVA). Controlling for the most relevant factors, the authors place an emphasis on those intangible resources that are considered in the literature as being the most critical for Russian companies when contending for global competitiveness: productivity, strategic long-term orientation of companies, quality of human capital, innovative behavior of companies, foreign investments and corporate networks. The data set of more than 1,000 Russian companies benchmarked to the data set of more than 1,600 European companies during a period of 10 years: 2004-2013 is analyzed to test the hypothesis put forward.

Findings

Causal effect of the gap in intangible endowment and competitiveness of Russian companies compared with European rivals is revealed. According to our analysis, gaps in productivity, strategy implementation, qualifications of the board of directors and company location play critical roles in the global competitiveness of Russian companies. Meanwhile, underinvestment in structural resources, such as enterprise resource planning (ERP) systems and other intangible assets, are considered positive factors that reduce gaps in EVA.

Originality/value

The paper introduces original approach for studying the gap in performance caused by the gap in used resources.

Keywords

Acknowledgements

This study comprises research findings from project No. 15-18-20039, supported by the Russian Science Foundation.

Citation

Shakina, E., Barajas, A. and Molodchik, M. (2017), "Bridging the gap in competitiveness of Russian companies with intangible bricks", Measuring Business Excellence, Vol. 21 No. 1, pp. 86-100. https://doi.org/10.1108/MBE-03-2016-0017

Publisher

:

Emerald Publishing Limited

Copyright © 2017, Emerald Publishing Limited

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