Pandemic Stress-Test for Russian Corporations: Industry and Strategy Type Differences

The research answer the question: are institutional factors like industry or type of declared strategy significant for companyCompanies success and sustainabilitySustainability during the COVID-19 pandemicCovid-19 pandemic. The research is based on data from the 60 biggest Russian companiesCompanies (by revenue). Research hypotheses proceed via the Welsh two-sample test (applied for full sample) and One-way ANOVA test (for analysis of particular industries or strategy typeStrategy type differences). The main findings are: the ‘industry’ factor is essential for revenue growthGrowth rate and its changes in 2020, return on sales and its changes in 2020. Retail, Mechanical engineering, and Finances keep good results in 2020, both in revenue and profit. On the other hand, Oil and Gas, Transport, EnergyEnergy, and Communication were the weakest industries in 2020. Also, research concludes that classical planned strategy is the worst choice for companiesCompanies in 2020. CompaniesCompanies with a non-declared strategy show better results in revenue and profit than the classical planned strategy.