Perception of risks associated with economic sanctions
The case of Russian manufacturing
Bibliographic Data
| ID | 6358310 |
|---|---|
| Authors | Victoria Golikova (0000-0002-5034-9345, National Research University Higher School of Economics, corresponding author), Boris Kuznetsov (0000-0003-3250-875X, National Research University Higher School of Economics) |
| Year | 2017 |
| Volume | 33 |
| Issue | 1 |
| Pages | 49-62 |
| Publication date | 2017-01-02 |
| Open Access | No |
| Type | ARTICLE |
| Venue | Post-Soviet Affairs (JOURNAL) |
| Journal identifiers | ISSN: 1060-586X • E-ISSN: 1938-2855 |
| Publisher | Informa UK Limited (PUBLISHER • GB) |
| DOI | 10.1080/1060586x.2016.1195094 |
| OpenAlex | W2275104537 |
| Language | EN |
| Citations received | 12 |
| References cited | 31 |
This paper is focused on assessing the risk factors for Russian manufacturing firms posed by sanctions imposed on Russia by the EU, US, and other countries in 2014. While there is an extensive literature assessing the successes and failures of international sanctions on the economies of both those imposing and targeted by sanctions on a macroeconomic level, we are more interested in trying to understand the corporate response – i.e. which firms evaluate the introduction and increasing scale of economic sanctions as a threat to their corporate strategy, and their possible reactions aimed at adjusting to a changing environment due to the geopolitical shock. Our research, based on a recent survey of manufacturing companies, provides evidence that over the last decade Russian manufacturing firms have become much more integrated into the global economy than is commonly assumed, through foreign direct investment, foreign trade (including imports of both technological equipment and raw materials and components), international partnerships, and by extensively supplying foreign companies that operate in Russia. Considering the self-selection effect of the top-performing firms in terms of foreign trade, we can state that sanctions could prove most harmful not only for the targeted firms, but for the entire population of better-performing and globalized firms involved in foreign trade with the EU and Ukraine. Thus, the impact of the sanctions on the prospects of the Russian manufacturing sector may be very strong over the medium-to-long term
Business · Economic policy · Economic sanctions · Economics · Foreign direct investment · Geopolitics · International economics · International trade · Macroeconomics · Political science · Politics · Sanctions · Scale (ratio · Shock (circulatory · Economic Sanctions and International Relations · Economic, Social, and Public Health Issues in Russia and Globally · Market Dynamics and Volatility
Deaf Ears and the U.S.-EU-Russia Sanctions Tangle
How Government Support Affects Creation of SMEs under Sanctions
Micro-level incentives and the mechanism of import substitution in Russian public procurement
Expectations matter
Offensive realism, differentiation theory, and the war in Ukraine
Firm performance and regional economic freedom
Who cares about sanctions? Observations from annual reports of European firms
Economic Sanctions and Informal Economies in North Korea
The effect of Russia’s economic crisis and import ban on its agricultural and food sector
Trade shifts and corporate revenue in a sanctioned economy
The target strikes back
Economic Sanctions and Public Opinion
International trade and firm performance
Productivity and Turnover in the Export Market
Estimating Trade Flows
Foreign Investment, Corporate Ownership, and Development
Introduction
The Empire Strikes Back
The Threat and Imposition of Economic Sanctions, 1971—2000
Firm Heterogeneity, Exporting and Foreign Direct Investment
When Do (Imposed) Economic Sanctions Work
Sanctions and Alternate Markets
Conflict Expectations and the Paradox of Economic Coercion
Strategic Demands, Credible Threats, and Economic Coercion Outcomes
Friends or Foes? Major Trading Partners and the Success of Economic Sanctions
Investment, Opportunity, and Risk
Profiting from Sanctions
The Hidden Hand of Economic Coercion
| Citations per year | 1.5 |
|---|---|
| Citation span | 2018 - 2026 (9) |
| Highly cited | No |