Evaluation of the industry level entrepreneurial risk in the Russian economy

Abstract

Paper deals with three levels of business risk: acceptable, critical and catastrophic, based on official statistics. The aim of the study was to assess, existing in recent years, values of entrepreneurial risk on the totality of small and medium enterprises, formed by size and industry characteristics. Paper presents the results of risk assessment for a set of medium enterprises, small enterprises and microenterprises in the Russian economy. Based on the results of the study, we concluded that there is a significant differentiation of entrepreneurial risk levels by economic activity. The industries with the maximum and minimum values of the existing business risks are determined. The results of the research can be used by entrepreneurs (including beginners), departments of Federal, regional and municipal authorities related to the regulation of entrepreneurial activity, by employees of business structures, financial and credit, insurance, leasing organizations.