From Russia with love: International risk-sharing, sanctions, and firm investments

IF 2.1 4区经济学 Q2 ECONOMICS

Economics Letters Pub Date : 2024-10-09 DOI:10.1016/j.econlet.2024.112005

Kiet Tuan Duong , Luu Duc Toan Huynh , Anh Dang Bao Phan , Nam T. Vu

引用次数: 0

Abstract

We propose a novel explanation for why sanctions on Russian firms might not work as intended: these firms’ ability to diversify sanction risks via partner countries friendly with Russia. Using indirect links with partner firms as a plausibly exogenous proxy for this risk-sharing channel, we show that exposed Russian firms were able to leverage these links to alleviate the negative impacts of sanctions in 2014.

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来自俄罗斯的爱：国际风险分担、制裁和公司投资

我们提出了一个新颖的解释，说明为什么对俄罗斯企业的制裁可能无法达到预期效果：这些企业有能力通过与俄罗斯友好的伙伴国分散制裁风险。利用与伙伴企业的间接联系作为这种风险分担渠道的合理外生替代物，我们表明，受制裁的俄罗斯企业能够利用这些联系来减轻 2014 年制裁的负面影响。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Economics Letters ECONOMICS-

CiteScore

3.20

自引率

5.00%

发文量

348

审稿时长

30 days

期刊介绍： Many economists today are concerned by the proliferation of journals and the concomitant labyrinth of research to be conquered in order to reach the specific information they require. To combat this tendency, Economics Letters has been conceived and designed outside the realm of the traditional economics journal. As a Letters Journal, it consists of concise communications (letters) that provide a means of rapid and efficient dissemination of new results, models and methods in all fields of economic research.