Political Risks, Stakeholder Pressure, and Firm Exits: Evidence from the Russian Invasion of Ukraine

• In Event: Multinational Corporations and Political Risks

Brief Overview

Why do some MNCs halt their business with the target states while others do not? Using triple-difference models, I find that a firm’s political connections with home countries moderates the effect of the sanction imposition on firm exits from Russia.

Author

• ChaeEun Cho, Bilkent University