FEATURE PEER-REVIEWED ARTICLE

• BANKRUPTCY DYNAMICS OF COMPANIES IN RUSSIA

  Evgeny A. Kuzmin (Department of Enterprises Economics, Ural State University of Economics, RUSSIA),
  Marina V. Vinogradova (Department of Tourism and Hospitality, Russian State Social University, RUSSIA),
  Andrey S. Novitsky (Department of Promotion and Sales of Civilian Products, JSC Production Association, Ural Optical and Mechanical Plant named after Mr. E.S. Yalamov, RUSSIA).
  

  Disciplinary: Enterprises Economics and Management.

  ➤ FullText

  DOI: 10.14456/ITJEMAST.2020.254

  Keywords: Company bankruptcy; Type of ownership; State-owned company; Private company; Structural analysis; Russian bankruptcy court judgment; Demography of organizations; Bankruptcy cases; Business dynamics.

  Abstract
  Economic instability is embodied in the dynamics of company bankruptcies. This process is gaining theoretical and practical importance. The paper performs a structural analysis of Russian company bankruptcies for 2011-2019 by the types of ownership. The research results show that the relative number of bankruptcies among state-owned enterprises does not exceed the same indicator for private ones. However, there are dissimilarities within the group of state-owned enterprises: the share of municipal unitary enterprises declared bankrupt is significantly greater than that of federal state and regional unitary enterprises. This study finds that bankruptcies are becoming more frequent as the lifespan (age) of state-owned enterprises and their authorized capital are increasing. The same trend is predominantly typical of private companies revealing a significant proportion of insolvent enterprises with a small-authorized capital. The largest share of bankruptcies in the public commercial sector falls on companies aged 25-30, and the lifespan of private companies is 10-15 years. The findings conclude that the effect of the type of ownership on the dynamics of company bankruptcies in Russia is statistically insignificant. At the same time, there are notable disproportions at the threshold of the economic viability of state-owned companies over private ones.
  

  Paper ID: 11A13H

  Cite this article:

  Evgeny A. Kuzmin, Marina V. Vinogradova, Andrey S. Novitsky (2020). BANKRUPTCY DYNAMICS OF COMPANIES IN RUSSIA. International Transaction Journal of Engineering, Management, & Applied Sciences & Technologies, 11(13), 11A13H, 1-14.

  
  
  

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