Work

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

Year: 2022

Type: article

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.

Source: Economics Letters

DOI: 10.1016/j.econlet.2022.110636

Authors: Anup Basnet, Magnus Blomkvist, Emilios Galariotis

Institutions: University of Surrey, Audencia Business School

Language: English

Topic: Corporate Social Responsibility Reporting

Subfield: Strategy and Management

Field: Business, Management and Accounting

Domain: Social Sciences

Open Access status: hybrid

Estimated APC paid: $2,270

OpenAlex ID: W4281606212

FWCI: 8.96

Cites: 14

Cited by: 54

Related to: 10