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We study foreign firm exit from Russia following the 2022 offensive in Ukraine. Using administrative data on the … universe of equity ownership in Russia we find that Western-owned firms that exited Russia in 2022 accounted for 1.5%, 3 … Western firm output in Russia. In a triple difference design we show that stakeholder activism contributed to firm exit …
Persistent link: https://www.econbiz.de/10014347558
The Russian invasion of Ukraine in February 2022 and the corporate decisions that followed offer insights into the extent to which Western firms are willing and able to sever commercial ties with nations now viewed as geopolitical rivals by their governments. We gathered extensive data on equity...
Persistent link: https://www.econbiz.de/10014258357
did what was required in the best interest of Russia.The future of the companies established businesses and secured …
Persistent link: https://www.econbiz.de/10013233547
This paper studies the effect of foreign direct investment (FDI) on the transmission of international business cycles. I document for the G7 countries between 1991 and 2006 that increases in bilateral FDI linkages are associated with more synchronized investment cycles. I also find that the...
Persistent link: https://www.econbiz.de/10010482488
This paper uses uses a novel type of panel vector autoregression to establish that the well-known association between linkages and business cycle comovement has both intratemporal and intertemporal dimensions. When two countries are more closely linked (i.e., they trade more or hold more...
Persistent link: https://www.econbiz.de/10013007014
This paper investigates the relationship between bilateral FDI positions and cross-country business cycle correlations in the period 1982-2001. We find that countries that have comparatively intensive FDI relations also have more synchronized business cycles during 1995-2001. Before 1995, we...
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