Resilience of Russian firms in value chains to the sanction shock

Anna Fedyunina () and Yu. Simachev
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Yu. Simachev: HSE University, Moscow, Russia

Journal of the New Economic Association, 2023, vol. 60, issue 3, 180-187

Abstract: This article examines the determinants of resilience for Russian manufacturing firms in value chains during the 2022 sanction shock. The study identifies factors related to static and dynamic (measures taken in 2022) resilience. The resilience of firms in value chains is signifi cantly influenced by the presence of digital technologies, which, through various channels, impact revenue growth and market share expansion during sanction shocks. While international competitiveness alone is insufficient for ensuring resilience, factors enabling dynamic adaptation are necessary. The study does not establish that companies in global chains are inherently more resilient; however, such companies exhibit higher dynamic resilience by actively reconfiguring supply chains. It is shown that not all dynamic adaptation factors (i. e., measures taken) unequivocally contribute to ensuring firm resilience. Measures aimed at changing technology providers and reorganizing operations were particularly ambiguous in terms of their impact on resilience.

Keywords: resilience; value chains; sanctions; Russian economy (search for similar items in EconPapers)
JEL-codes: D22 L60 (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:nea:journl:y:2023:i:60:p:180-187

DOI: 10.31737/22212264_2023_3_180-187

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