Influence of JSC “RSMB Corporation” on the Development of Small and Medium Enterprise in Russia by the Example of Independent Guarantees

Abstract

Small and medium-sized enterprises (SMEs) play an important role in the Russian economy, contributing to GDP growth, creating new jobs and increasing the competitiveness of the economy. The state recognizes the importance of SMEs in the country’s economy, therefore it provides many support measures through various development institutions in the field of supporting SMEs. The article examines the impact of providing independent guarantees to JSC “RSMB Corporation” to SMEs. The study was conducted using the econometric package Econometric Views using the least squares method. It has been proven that the provision of independent guarantees by JSC “RSMB Corporation” to SMEs has a positive impact on the growth of tax deductions for SMEs (legal entities) in Russia. High interest rates on loans have a negative impact on the development of SMEs, which affects the reduction of tax deductions for SMEs (legal entities) in Russia. The results of the study can be the basis for the development and improvement of support and lending programs for SMEs.