Do Economic Sanctions Work? Evidence from the Russia‐Ukraine Conflict
Journal: Journal of Management Studies
Year: 2023

Abstract This study examines the impact of sanctions on Russian firms and the strategies these firms adopt to counter the effects of targeted sanctions. We utilize institutional theory to explain how firms shape their strategic responses as they balance the institutional pressures from their home environment vis‐à‐vis sanctioning countries. We gather longitudinal data on Russian firms that faced foreign sanctions from the start of the invasion of Crimea in 2014 until 2020. Our empirical analyses