The Impact of External Pressure on Companies’ Responses to Sanctions – an International Comparative Study
Journal: European Journal on Criminal Policy and Research
Year: 2024

Abstract What explains the strategies firms adopt in response to economic sanctions? Our study argues that different types of external pressure, such as public shaming, the nature of companies’ business relationships, and national-level legal-regulatory environments affects how firms respond to the sanctions imposed against Russia after its 2022 invasion of Ukraine. We develop a suite of hypotheses about how external pressure affects firms’ compliance behaviors and whether firms adopt reactive a