The role of ESG in the decision to stay or leave the market of an invading country: The case of Russia

ANUP BASNET; Magnus Blomkvist; Emilios Galariotis

doi:10.1016/j.econlet.2022.110636

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The role of ESG in the decision to stay or leave the market of an invading country: The case of Russia

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The role of ESG in the decision to stay or leave the market of an invading country: The case of Russia

ANUP BASNET, Magnus Blomkvist and Emilios Galariotis

Economics letters [e-journal], Vol.216, 110636

07/2022

DOI: https://doi.org/10.1016/j.econlet.2022.110636

Abstract

Business & Economics

Corporate Governance

Sustainable Finance

Sustainability

Abstract: We study firms’ decisions to stay or leave the Russian market amid the invasion of Ukraine. Lower ESG scores increase the likelihood of keeping the Russian operations unchanged. Higher scores lead to less negative stock market reactions following complete exits.

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Title: The role of ESG in the decision to stay or leave the market of an invading country: The case of Russia
Creators: ANUP BASNET (Corresponding Author) - University of Surrey, Surrey Business School
Magnus Blomkvist (Author) - Audencia Business School
Emilios Galariotis (Author) - Audencia Business School
Publication Details: Economics letters [e-journal], Vol.216, 110636
Date published: 07/2022
Date accepted: 13/05/2022
Identifiers: 99653566402346
Academic Unit: Surrey Business School
Language: English
Resource Type: Journal article
SDG (Scopus 2023): SDG 16

The role of ESG in the decision to stay or leave the market of an invading country: The case of Russia

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