{"title":"贸易制裁如何影响跨国公司在俄罗斯的子公司:对合法性问题和绩效的回应","authors":"Sihong Wu, Snejina Michailova","doi":"10.1016/j.jwb.2025.101664","DOIUrl":null,"url":null,"abstract":"<div><div>How do MNE subsidiaries respond and perform after their home country imposes trade sanctions on the host country? To answer this research question, we apply a legitimacy lens, focus on Russia, and test four hypotheses using a dataset (1994–2022) that includes country, firm, and media data. Based on a sample of 676 MNE subsidiaries from 41 countries and text analysis of over 13,000 announcements, we find that sanctions increase subsidiaries’ stakeholder-oriented responses and negatively affect their performance. Subsidiaries with greater local experience are less likely to respond immediately, resulting in more severe performance declines compared to new entrants. Our analysis of news outlet posts further shows that negative public sentiment toward the sanctioning host country intensifies pressure on subsidiaries to respond. These findings enrich the international business literature on sanctions and contribute to ongoing scholarly discussions about the relationship between sanctions, legitimacy, and performance.</div></div>","PeriodicalId":51357,"journal":{"name":"Journal of World Business","volume":"60 5","pages":"Article 101664"},"PeriodicalIF":8.9000,"publicationDate":"2025-07-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"How trade sanctions impact MNE subsidiaries in Russia: Responses to legitimacy concerns and performance\",\"authors\":\"Sihong Wu, Snejina Michailova\",\"doi\":\"10.1016/j.jwb.2025.101664\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"<div><div>How do MNE subsidiaries respond and perform after their home country imposes trade sanctions on the host country? To answer this research question, we apply a legitimacy lens, focus on Russia, and test four hypotheses using a dataset (1994–2022) that includes country, firm, and media data. Based on a sample of 676 MNE subsidiaries from 41 countries and text analysis of over 13,000 announcements, we find that sanctions increase subsidiaries’ stakeholder-oriented responses and negatively affect their performance. Subsidiaries with greater local experience are less likely to respond immediately, resulting in more severe performance declines compared to new entrants. Our analysis of news outlet posts further shows that negative public sentiment toward the sanctioning host country intensifies pressure on subsidiaries to respond. These findings enrich the international business literature on sanctions and contribute to ongoing scholarly discussions about the relationship between sanctions, legitimacy, and performance.</div></div>\",\"PeriodicalId\":51357,\"journal\":{\"name\":\"Journal of World Business\",\"volume\":\"60 5\",\"pages\":\"Article 101664\"},\"PeriodicalIF\":8.9000,\"publicationDate\":\"2025-07-28\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Journal of World Business\",\"FirstCategoryId\":\"91\",\"ListUrlMain\":\"https://www.sciencedirect.com/science/article/pii/S1090951625000537\",\"RegionNum\":1,\"RegionCategory\":\"管理学\",\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"Q1\",\"JCRName\":\"BUSINESS\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Journal of World Business","FirstCategoryId":"91","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S1090951625000537","RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"BUSINESS","Score":null,"Total":0}
How trade sanctions impact MNE subsidiaries in Russia: Responses to legitimacy concerns and performance
How do MNE subsidiaries respond and perform after their home country imposes trade sanctions on the host country? To answer this research question, we apply a legitimacy lens, focus on Russia, and test four hypotheses using a dataset (1994–2022) that includes country, firm, and media data. Based on a sample of 676 MNE subsidiaries from 41 countries and text analysis of over 13,000 announcements, we find that sanctions increase subsidiaries’ stakeholder-oriented responses and negatively affect their performance. Subsidiaries with greater local experience are less likely to respond immediately, resulting in more severe performance declines compared to new entrants. Our analysis of news outlet posts further shows that negative public sentiment toward the sanctioning host country intensifies pressure on subsidiaries to respond. These findings enrich the international business literature on sanctions and contribute to ongoing scholarly discussions about the relationship between sanctions, legitimacy, and performance.
期刊介绍:
The Journal of World Business holds a distinguished position as a leading publication within the realm of International Business. Rooted in a legacy dating back to 1965, when it was established as the Columbia Journal of World Business, JWB is committed to disseminating cutting-edge research that reflects significant advancements in the field. The journal actively seeks submissions that propel new theoretical frameworks and innovative perspectives on International Business phenomena. Aligned with its domain statement, submissions are expected to possess a clear multinational, cross-border, or international comparative focus, while remaining pertinent to the study of management and organizations. JWB particularly encourages submissions that challenge established theories or assumptions, presenting pioneering or counterintuitive findings. With an inclusive approach, the journal welcomes contributions from diverse conceptual and theoretical traditions, encompassing allied social sciences and behavioral sciences. Submissions should either develop new theories or rigorously test existing ones, employing a variety of qualitative, quantitative, or other methodological approaches. While JWB primarily caters to scholars and researchers, it values contributions that explore implications for Multinational Enterprises and their management, as well as ramifications for public policy and the broader societal role of business.