title: Exploring Determinants of the Unicorn Companies Emergence and Development
title: Ð²ÑÐ¿ÑÑÐºÐ½Ð°Ñ ÐºÐ²Ð°Ð»Ð¸ÑÐ¸ÐºÐ°ÑÐ¸Ð¾Ð½Ð½Ð°Ñ ÑÐ°Ð±Ð¾ÑÐ° Ð¼Ð°Ð³Ð¸ÑÑÑÐ°
titleType: Subtitle
title: ÐÑÑÐ»ÐµÐ´Ð¾Ð²Ð°Ð½Ð¸Ðµ ÑÐ°ÐºÑÐ¾ÑÐ¾Ð², Ð²Ð»Ð¸ÑÑÑÐ¸Ñ Ð½Ð° Ð²Ð¾Ð·Ð½Ð¸ÐºÐ½Ð¾Ð²ÐµÐ½Ð¸Ðµ Ð¸ ÑÐ°Ð·Ð²Ð¸ÑÐ¸Ðµ ÐºÐ¾Ð¼Ð¿Ð°Ð½Ð¸Ð¹-ÐµÐ´Ð¸Ð½Ð¾ÑÐ¾Ð³Ð¾Ð²
Creators: name: ÐÐ»Ð°Ð»ÑÐ´Ð¸Ð½Ð¾Ð²Ð°, ÐÐ»Ð¸Ñ
Publisher: name: Ð¡Ð°Ð½ÐºÑ-ÐÐµÑÐµÑÐ±ÑÑÐ³ÑÐºÐ¸Ð¹ Ð¿Ð¾Ð»Ð¸ÑÐµÑÐ½Ð¸ÑÐµÑÐºÐ¸Ð¹ ÑÐ½Ð¸Ð²ÐµÑÑÐ¸ÑÐµÑ ÐÐµÑÑÐ° ÐÐµÐ»Ð¸ÐºÐ¾Ð³Ð¾
Year: 2024
Subjects: unicorn companies
country environment
business model
cluster analysis
econometric analysis
ÐºÐ¾Ð¼Ð¿Ð°Ð½Ð¸Ð¸-ÐµÐ´Ð¸Ð½Ð¾ÑÐ¾Ð³Ð¸
ÑÑÑÐ°Ð½Ð¾Ð²Ð°Ñ ÑÑÐµÐ´Ð°
Ð±Ð¸Ð·Ð½ÐµÑ-Ð¼Ð¾Ð´ÐµÐ»Ñ
ÐºÐ»Ð°ÑÑÐµÑÐ½ÑÐ¹ Ð°Ð½Ð°Ð»Ð¸Ð·
ÑÐºÐ¾Ð½Ð¾Ð¼ÐµÑÑÐ¸ÑÐµÑÐºÐ¸Ð¹ Ð°Ð½Ð°Ð»Ð¸Ð·

description: In the masters thesis, such a concept as Unicorn companies, Country environment, business model was considered, the methodology of linear and logistic regression and K-Means cluster analysis in Python is studied. Regression analysis was performed using STATA. Country environment analysis was carried out, an analysis of and the influence of the specifics of business model of Unicorn companiesâ factors were investigated. As a result of the linear regression analysis, the factors of financial availability and IT-infrastructure for further development of Unicorns were revealed. The fact of Unicornsâ emergence is determined by the entrepreneurial culture, human capital, and regulatory environment in a certain country. It confirmed the necessity of a complex development of the countrys environment for Unicorn development. As a result of supervised and unsupervised cluster analysis 4 clusters were built. The first approach includes teacher-based definition of feature importance based on the outcome of classification model with success of Unicorn companies as a dependent variable to study list of predicates vital for analysis. With SHAPley values showing impact on the model outcome we define Financial components, Reputation-related metrics and infrastructure indicators as key aspects for cluster definition. In contrast unsupervised K-means cluster analysis of Unicorn companies we gathered descriptive statistics for cluster description. The clusters demonstrate distinct characteristics in terms of company size, valuation, revenue range, and industry composition. These insights provide valuable information for strategic decision-making, market positioning, and resource allocation for businesses operating within or targeting these clusters.
description: Ð Ð¼Ð°Ð³Ð¸ÑÑÐµÑÑÐºÐ¾Ð¹ ÑÐ°Ð±Ð¾ÑÐµ ÑÐ°ÑÑÐ¼Ð¾ÑÑÐµÐ½Ñ ÑÐ°ÐºÐ¸Ðµ Ð¿Ð¾Ð½ÑÑÐ¸Ñ, ÐºÐ°Ðº ÐºÐ¾Ð¼Ð¿Ð°Ð½Ð¸Ð¸-ÐµÐ´Ð¸Ð½Ð¾ÑÐ¾Ð³Ð¸, ÑÑÐµÐ´Ð° ÑÑÑÐ°Ð½Ñ, Ð±Ð¸Ð·Ð½ÐµÑ-Ð¼Ð¾Ð´ÐµÐ»Ñ, Ð¸Ð·ÑÑÐµÐ½Ð° Ð¼ÐµÑÐ¾Ð´Ð¾Ð»Ð¾Ð³Ð¸Ñ Ð»Ð¸Ð½ÐµÐ¹Ð½Ð¾Ð¹ Ð¸ Ð»Ð¾Ð³Ð¸ÑÑÐ¸ÑÐµÑÐºÐ¾Ð¹ ÑÐµÐ³ÑÐµÑÑÐ¸Ð¸ Ð¸ ÐºÐ»Ð°ÑÑÐµÑÐ½Ð¾Ð³Ð¾ Ð°Ð½Ð°Ð»Ð¸Ð·Ð° K-Means Ð² Python. Ð ÐµÐ³ÑÐµÑÑÐ¸Ð¾Ð½Ð½ÑÐ¹ Ð°Ð½Ð°Ð»Ð¸Ð· Ð²ÑÐ¿Ð¾Ð»Ð½ÐµÐ½ Ñ Ð¸ÑÐ¿Ð¾Ð»ÑÐ·Ð¾Ð²Ð°Ð½Ð¸ÐµÐ¼ STATA. ÐÑÐ¾Ð²ÐµÐ´ÐµÐ½ Ð°Ð½Ð°Ð»Ð¸Ð· ÑÑÐµÐ´Ñ ÑÑÑÐ°Ð½Ñ, Ð¸ÑÑÐ»ÐµÐ´Ð¾Ð²Ð°Ð½Ñ Ð°Ð½Ð°Ð»Ð¸Ð· Ð¸ Ð²Ð»Ð¸ÑÐ½Ð¸Ðµ ÑÐ¿ÐµÑÐ¸ÑÐ¸ÐºÐ¸ Ð±Ð¸Ð·Ð½ÐµÑ-Ð¼Ð¾Ð´ÐµÐ»Ð¸ ÑÐ°ÐºÑÐ¾ÑÐ¾Ð² ÐºÐ¾Ð¼Ð¿Ð°Ð½Ð¸Ð¹-ÐµÐ´Ð¸Ð½Ð¾ÑÐ¾Ð³Ð¾Ð². Ð ÑÐµÐ·ÑÐ»ÑÑÐ°ÑÐµ Ð»Ð¸Ð½ÐµÐ¹Ð½Ð¾Ð³Ð¾ ÑÐµÐ³ÑÐµÑÑÐ¸Ð¾Ð½Ð½Ð¾Ð³Ð¾ Ð°Ð½Ð°Ð»Ð¸Ð·Ð° Ð²ÑÑÐ²Ð»ÐµÐ½Ñ ÑÐ°ÐºÑÐ¾ÑÑ ÑÐ¸Ð½Ð°Ð½ÑÐ¾Ð²Ð¾Ð¹ Ð´Ð¾ÑÑÑÐ¿Ð½Ð¾ÑÑÐ¸ Ð¸ ÐÐ¢-Ð¸Ð½ÑÑÐ°ÑÑÑÑÐºÑÑÑÑ Ð´Ð»Ñ Ð´Ð°Ð»ÑÐ½ÐµÐ¹ÑÐµÐ³Ð¾ ÑÐ°Ð·Ð²Ð¸ÑÐ¸Ñ ÐµÐ´Ð¸Ð½Ð¾ÑÐ¾Ð³Ð¾Ð². Ð¤Ð°ÐºÑ Ð¿Ð¾ÑÐ²Ð»ÐµÐ½Ð¸Ñ ÐµÐ´Ð¸Ð½Ð¾ÑÐ¾Ð³Ð¾Ð² Ð¾Ð¿ÑÐµÐ´ÐµÐ»ÑÐµÑÑÑ Ð¿ÑÐµÐ´Ð¿ÑÐ¸Ð½Ð¸Ð¼Ð°ÑÐµÐ»ÑÑÐºÐ¾Ð¹ ÐºÑÐ»ÑÑÑÑÐ¾Ð¹, ÑÐµÐ»Ð¾Ð²ÐµÑÐµÑÐºÐ¸Ð¼ ÐºÐ°Ð¿Ð¸ÑÐ°Ð»Ð¾Ð¼ Ð¸ Ð½Ð¾ÑÐ¼Ð°ÑÐ¸Ð²Ð½Ð¾-Ð¿ÑÐ°Ð²Ð¾Ð²Ð¾Ð¹ ÑÑÐµÐ´Ð¾Ð¹ Ð² ÐºÐ¾Ð½ÐºÑÐµÑÐ½Ð¾Ð¹ ÑÑÑÐ°Ð½Ðµ. Ð­ÑÐ¾ Ð¿Ð¾Ð´ÑÐ²ÐµÑÐ´Ð¸Ð»Ð¾ Ð½ÐµÐ¾Ð±ÑÐ¾Ð´Ð¸Ð¼Ð¾ÑÑÑ ÐºÐ¾Ð¼Ð¿Ð»ÐµÐºÑÐ½Ð¾Ð³Ð¾ ÑÐ°Ð·Ð²Ð¸ÑÐ¸Ñ ÑÑÐµÐ´Ñ ÑÑÑÐ°Ð½Ñ Ð´Ð»Ñ ÑÐ°Ð·Ð²Ð¸ÑÐ¸Ñ ÐµÐ´Ð¸Ð½Ð¾ÑÐ¾Ð³Ð¾Ð². Ð ÑÐµÐ·ÑÐ»ÑÑÐ°ÑÐµ ÐºÐ¾Ð½ÑÑÐ¾Ð»Ð¸ÑÑÐµÐ¼Ð¾Ð³Ð¾ Ð¸ Ð½ÐµÐºÐ¾Ð½ÑÑÐ¾Ð»Ð¸ÑÑÐµÐ¼Ð¾Ð³Ð¾ ÐºÐ»Ð°ÑÑÐµÑÐ½Ð¾Ð³Ð¾ Ð°Ð½Ð°Ð»Ð¸Ð·Ð° Ð¿Ð¾ÑÑÑÐ¾ÐµÐ½Ð¾ 4 ÐºÐ»Ð°ÑÑÐµÑÐ°. ÐÐµÑÐ²ÑÐ¹ Ð¿Ð¾Ð´ÑÐ¾Ð´ Ð²ÐºÐ»ÑÑÐ°ÐµÑ Ð² ÑÐµÐ±Ñ Ð¾Ð¿ÑÐµÐ´ÐµÐ»ÐµÐ½Ð¸Ðµ Ð¿ÑÐµÐ¿Ð¾Ð´Ð°Ð²Ð°ÑÐµÐ»ÐµÐ¼ Ð²Ð°Ð¶Ð½Ð¾ÑÑÐ¸ Ð¿ÑÐ¸Ð·Ð½Ð°ÐºÐ¾Ð² Ð½Ð° Ð¾ÑÐ½Ð¾Ð²Ðµ ÑÐµÐ·ÑÐ»ÑÑÐ°ÑÐ° Ð¼Ð¾Ð´ÐµÐ»Ð¸ ÐºÐ»Ð°ÑÑÐ¸ÑÐ¸ÐºÐ°ÑÐ¸Ð¸ Ñ ÑÑÐ¿ÐµÑÐ½Ð¾ÑÑÑÑ ÐºÐ¾Ð¼Ð¿Ð°Ð½Ð¸Ð¹-ÐµÐ´Ð¸Ð½Ð¾ÑÐ¾Ð³Ð¾Ð² Ð² ÐºÐ°ÑÐµÑÑÐ²Ðµ Ð·Ð°Ð²Ð¸ÑÐ¸Ð¼Ð¾Ð¹ Ð¿ÐµÑÐµÐ¼ÐµÐ½Ð½Ð¾Ð¹ Ð´Ð»Ñ Ð¸Ð·ÑÑÐµÐ½Ð¸Ñ ÑÐ¿Ð¸ÑÐºÐ° Ð¿ÑÐµÐ´Ð¸ÐºÐ°ÑÐ¾Ð², Ð²Ð°Ð¶Ð½ÑÑ Ð´Ð»Ñ Ð°Ð½Ð°Ð»Ð¸Ð·Ð°. Ð¡ Ð¿Ð¾Ð¼Ð¾ÑÑÑ Ð·Ð½Ð°ÑÐµÐ½Ð¸Ð¹ SHAPley, Ð¿Ð¾ÐºÐ°Ð·ÑÐ²Ð°ÑÑÐ¸Ñ Ð²Ð»Ð¸ÑÐ½Ð¸Ðµ Ð½Ð° ÑÐµÐ·ÑÐ»ÑÑÐ°Ñ Ð¼Ð¾Ð´ÐµÐ»Ð¸, Ð¼Ñ Ð¾Ð¿ÑÐµÐ´ÐµÐ»ÑÐµÐ¼ ÑÐ¸Ð½Ð°Ð½ÑÐ¾Ð²ÑÐµ ÐºÐ¾Ð¼Ð¿Ð¾Ð½ÐµÐ½ÑÑ, Ð¿Ð¾ÐºÐ°Ð·Ð°ÑÐµÐ»Ð¸, ÑÐ²ÑÐ·Ð°Ð½Ð½ÑÐµ Ñ ÑÐµÐ¿ÑÑÐ°ÑÐ¸ÐµÐ¹, Ð¸ Ð¿Ð¾ÐºÐ°Ð·Ð°ÑÐµÐ»Ð¸ Ð¸Ð½ÑÑÐ°ÑÑÑÑÐºÑÑÑÑ ÐºÐ°Ðº ÐºÐ»ÑÑÐµÐ²ÑÐµ Ð°ÑÐ¿ÐµÐºÑÑ Ð´Ð»Ñ Ð¾Ð¿ÑÐµÐ´ÐµÐ»ÐµÐ½Ð¸Ñ ÐºÐ»Ð°ÑÑÐµÑÐ°. Ð Ð¾ÑÐ»Ð¸ÑÐ¸Ðµ Ð¾Ñ Ð½ÐµÐºÐ¾Ð½ÑÑÐ¾Ð»Ð¸ÑÑÐµÐ¼Ð¾Ð³Ð¾ ÐºÐ»Ð°ÑÑÐµÑÐ½Ð¾Ð³Ð¾ Ð°Ð½Ð°Ð»Ð¸Ð·Ð° K-ÑÑÐµÐ´Ð½Ð¸Ñ ÐºÐ¾Ð¼Ð¿Ð°Ð½Ð¸Ð¹ Unicorn, Ð¼Ñ ÑÐ¾Ð±ÑÐ°Ð»Ð¸ Ð¾Ð¿Ð¸ÑÐ°ÑÐµÐ»ÑÐ½ÑÑ ÑÑÐ°ÑÐ¸ÑÑÐ¸ÐºÑ Ð´Ð»Ñ Ð¾Ð¿Ð¸ÑÐ°Ð½Ð¸Ñ ÐºÐ»Ð°ÑÑÐµÑÐ°. ÐÐ»Ð°ÑÑÐµÑÑ Ð´ÐµÐ¼Ð¾Ð½ÑÑÑÐ¸ÑÑÑÑ ÑÐ°Ð·Ð»Ð¸ÑÐ½ÑÐµ ÑÐ°ÑÐ°ÐºÑÐµÑÐ¸ÑÑÐ¸ÐºÐ¸ Ñ ÑÐ¾ÑÐºÐ¸ Ð·ÑÐµÐ½Ð¸Ñ ÑÐ°Ð·Ð¼ÐµÑÐ° ÐºÐ¾Ð¼Ð¿Ð°Ð½Ð¸Ð¸, Ð¾ÑÐµÐ½ÐºÐ¸, Ð´Ð¸Ð°Ð¿Ð°Ð·Ð¾Ð½Ð° Ð´Ð¾ÑÐ¾Ð´Ð¾Ð² Ð¸ ÑÐ¾ÑÑÐ°Ð²Ð° Ð¾ÑÑÐ°ÑÐ»Ð¸. Ð­ÑÐ¸ Ð¸Ð´ÐµÐ¸ Ð¿ÑÐµÐ´Ð¾ÑÑÐ°Ð²Ð»ÑÑÑ ÑÐµÐ½Ð½ÑÑ Ð¸Ð½ÑÐ¾ÑÐ¼Ð°ÑÐ¸Ñ Ð´Ð»Ñ Ð¿ÑÐ¸Ð½ÑÑÐ¸Ñ ÑÑÑÐ°ÑÐµÐ³Ð¸ÑÐµÑÐºÐ¸Ñ ÑÐµÑÐµÐ½Ð¸Ð¹, Ð¿Ð¾Ð·Ð¸ÑÐ¸Ð¾Ð½Ð¸ÑÐ¾Ð²Ð°Ð½Ð¸Ñ Ð½Ð° ÑÑÐ½ÐºÐµ Ð¸ ÑÐ°ÑÐ¿ÑÐµÐ´ÐµÐ»ÐµÐ½Ð¸Ñ ÑÐµÑÑÑÑÐ¾Ð² Ð´Ð»Ñ Ð¿ÑÐµÐ´Ð¿ÑÐ¸ÑÑÐ¸Ð¹, ÑÐ°Ð±Ð¾ÑÐ°ÑÑÐ¸Ñ Ð² ÑÑÐ¸Ñ ÐºÐ»Ð°ÑÑÐµÑÐ°Ñ Ð¸Ð»Ð¸ Ð½Ð°ÑÐµÐ»ÐµÐ½Ð½ÑÑ Ð½Ð° Ð½Ð¸Ñ.