IT IMPACT ON THE FIRM PRODUCTIVITY IN RUSSIA:METHODOLOGY OF EMPIRICAL INVESTIGATION It impact on the firm productivity in Russia: methodology of empirical investigation
Alexander Markin– Postgraduate Student, Department of Economic Informatics, Faculty of Economics, Lomonosov Moscow State University. Address: 1, build. 46, Lomonosov Moscow State University, Leninskie Gory, GSP-1, Moscow, 119991, Russian Federation. E-mail: sanya.mn@gmail.com
Kirill Skripkin – Associate Professor, Department of Economic Informatics, Faculty of Economics, Lomonosov Moscow State University. Address: 1, build. 46, Lomonosov Moscow State University, Leninskie Gory, GSP-1, Moscow, 119991, Russian Federation. E-mail: k.skripkin@gmail.com
In this article, factor productivity and effect by production factors on formation of enterprise market value are reviewed. Study of the role by IT cost factor and computer capital in productivity increase and market asset value of Russia-based domestic and foreign companies is to date at early stages, although, this is an essential study component in the field. The study objective is analyzing international expertise in the field, choice of the best analysis approach and generation of relevant statistical models. Choice of models has been based on their application history worldwide, and also evidence providing for clear interpretation of results. Limitations relating to insufficient completeness and quality of statistical data, and management specifics for Russia-based enterprises were accounted for.
The article analyzes a wide range of worldwide studies in this domain. It is based on a methodology demonstrating obvious dependence of capitalization from combined investments in organizational and computer capital. The maximum evident effect from capitalization are provided by regressive assessments containing these two values.
Hidden pitfall traps in this field are reviewed in the article, productivity paradox phenomenon when statistical assessments became indifferent towards company computerization factor. Nevertheless, two models were generated and made the main result of efforts. The first model is intended for studying effect by status and industry factors along with general and administration costs on company’s computer budget. The second model focuses on relation between computer budget, assets and personnel costs. Introduction of pseudo-variables is assumed for qualitative assessments (both industry- and nation-wide). Cobb-Douglas production function with modifications were used
Citation:
Zimin К. V., Markin А. V., Skripkin К. G. (2012) Vliianie informatcionnykh tekhnologii na proizvoditel'nost' rossiiskogo predpriiatiia: metodologiia empiricheskogo issledovaniia [IT IMPACT ON THE FIRM PRODUCTIVITY IN RUSSIA:METHODOLOGY OF EMPIRICAL INVESTIGATION It impact on the firm productivity in Russia: methodology of empirical investigation] Biznes-informatika, 1(19), pp. 40-48 (in Russian)
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