Who cares about sanctions? Observations from annual reports of European firms

Denis Davydov, Jukka Sihvonen, Laura Solanko

Forskningsoutput: TidskriftsbidragArtikelVetenskapligPeer review

2 Citeringar (Scopus)

Sammanfattning

This paper uses textual analysis to examine how European corporations assess sanctions in their annual reports. Using observations from a panel of almost 11,500 corporate annual reports from 2014 to 2017, we document significant cross-country variation in how firms perceive Russia-related sanctions, even after controlling for many firm-level characteristics, sectoral differences, and time trends. The cross-country differences also remain for sentiments about sanctions and contexts in which sanctions are mentioned. We also examine the role of macroeconomic linkages in explaining these differences. We show that Russia’s inward and outward FDI stocks and high levels of imports and exports with Russia explain about half of the cross-country variation, leaving a nontrivial share of variation unexplained.
OriginalspråkEngelska
Referentgranskad vetenskaplig tidskriftPost-Soviet Affairs
Volym38
Utgåva3
Sidor (från-till)222-249
ISSN1060-586X
DOI
StatusPublicerad - 11.03.2022
MoE-publikationstypA1 Originalartikel i en vetenskaplig tidskrift

Nyckelord

  • 511 Nationalekonomi
  • 512 Företagsekonomi

Fingeravtryck

Fördjupa i forskningsämnen för ”Who cares about sanctions? Observations from annual reports of European firms”. Tillsammans bildar de ett unikt fingeravtryck.

Citera det här