Knorre, Alex; Kuchakov, Ruslan; Skougarevskiy, Dmitriy - 2023
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 …