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News
October 8, 2026
HSE Experts Take Part in 23rd Annual Meeting of Valdai Discussion Club
The 23rd Annual Meeting of the Valdai Discussion Club was held from September 28 to October 1, 2026 under the theme ‘Responsibility for the Future: Limits of the Possible, or Limitless Possibilities?’ The forum brought together 120 experts from 40 countries, including representatives of China, the United States, India, Brazil, the United Kingdom, Germany, Egypt, Iran, and Japan.
October 7, 2026
‘Our Team Consists of True Leaders in Their Respective Academic Disciplines
The HSE International Centre of Decision Choice and Analysis studies a wide range of methods for analysing decision-making and possible scenarios for the development of natural, socio-economic, and political phenomena using various mathematical models. The application of advanced mathematical methods to forecasting helps to prevent negative outcomes and avoid erroneous decisions. The HSE News Service spoke to the centre’s director, Prof. Fuad Aleskerov, about its work.
October 6, 2026
International N5 Symposium ‘Neural Networks and Nonlinearity in Nizhny Novgorod Brings Together Scientists from Russia and Serbia
The International N5 Symposium ‘Neural Networks and Nonlinearity in Nizhny Novgorod’ was held at the Nizhny Novgorod House of Scientists from September 23 to 26. The event was organised by HSE University–Nizhny Novgorod and the Nizhny Novgorod House of Scientists, with the participation of Sberbank and the Institute of Physics Belgrade. The symposium was held for the second time: the first conference took place in 2025 and attracted considerable interest from the academic community.

 

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С командой и без долгов: факторы выживаемости малого бизнеса в России в 2021–2023 гг.

Вопросы экономики. 2025. № 5. С. 83–110.
Kazun A.

In the present study, we investigate which parameters of small businesses and characteristics of their owners are associated with a higher likelihood of continued operation. Our analysis employs data from ten waves of a longitudinal survey conducted on the SMBiz FOM small business panel from July 2021 through the end of 2023. Using survival analysis, we demonstrate that the strongest predictor of business closure is the fact of borrowing funds. During this period, firms employing hired staff exhibited greater resilience. For businesses without hired employees, closures occurred less frequently when the firm was managed by a man, when the services were provided in the trading sector, when they were promoted online.

Research target: Economics and Management Sociology (including Demography and Anthropology
Language: Russian
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DOI
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Keywords: панельные данныемалый бизнесsmall businesssurvival analysisанализ выживаемостиlongitudinal surveyлонгитюдное исследование panel databusiness closure factorsзакрытие бизнеса
Publication based on the results of:
Restructuring of the Russian Companies, Industries and Markets in Response to New Global Challenges (2025)
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