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The impact of economic sanctions on the decision of foreign firms to exit from Russia

In: Research Handbook on Foreign Exit, Relocation and Re-entry

Author

Listed:
  • Andrei Panibratov
  • Shenglong Chen

Abstract

The purpose of this chapter is to discuss the role of economic sanctions for the exit (divestment) decision of Western multinational enterprises (MNEs) from Russia. We explore the factors of exit decisions and corresponding MNEs' strategies through insight from management and organizational theories and suggest a theoretical framework based on institutional theory and transaction cost approach to better understand and explain exit decisions. The chapter will apply the cross-case analysis of several MNEs' exit decisions with particular attention to the non-market factors (i.e., the institutional pressure, liability of foreignness, and cultural distance) that affected firms' exit strategy and divestment mode. The chapter will contribute to the non-market strategy literature and suggest a better understanding of the role of economic sanctions for international firms.

Suggested Citation

  • Andrei Panibratov & Shenglong Chen, 2022. "The impact of economic sanctions on the decision of foreign firms to exit from Russia," Chapters, in: Jorma Larimo & Pratik Arte & Carlos M.P. Sousa & Pervez N. Ghauri & José Mata (ed.), Research Handbook on Foreign Exit, Relocation and Re-entry, chapter 8, pages 159-167, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:20749_8
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    Cited by:

    1. Paweł Węgrzyn & Anna Topczewska, 2023. "Związek między wojną w Ukrainie a kształtowaniem się relacji depozytów do kredytów w bankach w Polsce," Bank i Kredyt, Narodowy Bank Polski, vol. 54(2), pages 129-152.

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