Balyuk, Tetyana; Fedyk, Anastassia - 2022
We explore the determinants and consequences of U.S. corporations limiting their business operations in Russia in the … returns when the invasion begins on February 24, 2022. Russia-exposed firms with the worst stock-price reactions to the war … effects are more likely to remain. When U.S. firms announce exits from Russia in the aftermath of the invasion, there are no …
