Bankruptcy of Companies in the Russian Federation in the Covid and Post-Covid Periods

Abstract

The market economy is subject to cyclical changes, which significantly affects the financial condition of companies. Periods of growth are followed by periods of economic crises and stagnation. These periods are accompanied by both an increase in the number of companies and their financial stability, and their sharp decline, including the loss of financial solvency. In order to analyze the dynamics and industry specifics of the number of bankruptcies, the article examines the statistics of company bankruptcies in the Russian Federation from 2017 to 2023. This time period includes the pre-pandemic, pandemic (COVID-19) and post-pandemic periods, in each of which factors characteristic of each period affecting economic turbulence have been identified. The author analyzes not only the quantitative dynamics of company bankruptcies, but also the regional and industry specifics of company bankruptcies in the analyzed period.