Risk change of publicly listed Russian companies during the economic recession of 2014- 2016 : a comparison between the locally listed and cross-listed companies
Journal: LUTPub (LUT University)
Year: 2020

The broadly criticised annexation of Crimea by the Russian Federation in 2014, increased tensions between the Western countries and Russia. Simultaneously as the geopolitical tensions with the Western countries and Russia worsen, the global oil markets faced an oversupply leading to an aggressive supply-driven price correction plummeting the global oil prices by up to 70%. The impact of the two shocks led Russia to an economic recession by the end of 2014, which lasted to early 2017. The objecti