Determinants of Russian IT companies' growth and survival at the micro level

The article assesses factors affecting the survival and growth of Russian IT companies at the micro level within a stable economic period (2017-2019) and a period characterized by economic shocks (2020-2022). As a result of the econometric analysis using logistic regressions, it was revealed that intra-firm factors have different impacts on the growth and survival processes of firms, and the influence of factors is different in different economic periods. Thus, the age and size of the company have a multidirectional effect on the survival (positive) and growth (negative) of IT companies. The presence of intangible assets and fixed assets, as well as net profit, is positively associated with the survival and growth of IT companies, but the significance of these factors is higher for the survival of companies. Borrowed funds are critical for the continuation of companies' activities and their growth, especially during times of crisis. Companies registered in large cities grow better, but survive worse, which, on the one hand, is due to access to resources and high demand for their products, and, on the other hand, a highly competitive environment. Also, for survival models in 2020-2022. an increase in a number of coefficients was observed compared to the models for 2017-2019, which emphasizes the importance of such indicators as the availability of fixed assets, intangible assets, net profit and financial resources in the form of borrowed funds to continue the company's operations during the crisis period, while for the growth models in 20202022 compared to 2017-2019, on the contrary, a decrease in the influence of most factors was observed, which indicates that in these economic conditions, other indicators at the regional and national levels as a whole can have a more significant impact on the growth of companies.

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