Structural, Institutional, and Spatial Factors of Operation of Enterprises in Novosibirsk Oblast

The article examines the influence of structural, institutional, and spatial factors on business performance in Novosibirsk oblast, Russia, based on information about enterprises in the region for 2019–2020 available in the SPARK-Interfax database. An empirical analysis was carried out using regression models; an approach based on an extended production function was used, within which, along with assets and wages, the impact on the revenue and profit of enterprises for such factors as industry, age of company, form of ownership, and distance to regional capital was assessed. Assessments found higher productivity and profitability among private enterprises and young businesses, which argues for support of entrepreneurship and new firms in the region. Higher productivity and profitability of businesses in industry and services compared to agriculture indicate the advisability of assistance to the agricultural sector. The results of the analysis showed the significant contribution of agglomeration effects to the results of the operation of firms in Novosibirsk oblast, which is comparable to the average Russian estimates, and this speaks to the request for implementation of transport and infrastructure projects that reduce the costs of business interaction.