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We analyze the impact of the pro-Russian conflict on stock returns in Russia and the Ukraine during the period November 21, 2013 to September 29, 2014. We utilize a newly created indicator for the degree of (de-)escalation based on an Internet search for conflict-related news. We find that...
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The imposition of sanctions by foreign countries against Russia since 2014 and their prolongation for the following several years resulted in significant changes in Russian economics. In the first instance, economic sanctions were aimed towards the weakening of companies by banning exports and...
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: opening of an investigation by the AMF; issuance of a monetary sanction; publication of the information about sanction a … in concreto. We find a strong negative impact of the announcement of sanction in press on the firms' stock prices. We … observe a reputational loss of the deferred firm following the disclosure of sanction in press. We observe also a weak …
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Although international sanctions are a widely used instrument of coercion, their economic effects are still not fully understood. This study uses a novel dataset and an event study approach to evaluate the economic consequences of international sanctions, thereby accounting for pre-treatment...
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