On Target? The Incidence of Sanctions Across Listed Firms in Iran

Mirko Draca, Jason Garred, Leanne Stickland and Nele Warrinnier
Additional contact information
Mirko Draca: University of Warwick
Leanne Stickland: National Audit Office, UK Government
Nele Warrinnier: Faculty of Economics and Business, KU Leuven

CAGE Online Working Paper Series from Competitive Advantage in the Global Economy (CAGE)

Abstract: How successful are sanctions at targeting the economic interests of political elites in affected countries? We study the case of Iran, using information on the stock exchangelisted assets of two specific political entities with significant influence over the direction of Iran’s nuclear program. Our identification strategy focuses on the process of negotiations for sanctions removal, examining which interests benefit most from news about diplomatic progress. The results indicate the ‘bluntness’ of sanctions on Iran, but also provide evidence of their effectiveness in generating substantial economic incentives for elite policymakers to negotiate a deal for sanctions relief.

Keywords: National Security; Sanctions; Iran JEL Classification: D74; H56; F51. (search for similar items in EconPapers)
Date: 2018
New Economics Papers: this item is included in nep-ara and nep-cwa
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (11)

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https://warwick.ac.uk/fac/soc/economics/research/c ... s/372-2018_draca.pdf

Related works:
Working Paper: On Target? The Incidence of Sanctions Across Listed Firms in Iran (2022)
Working Paper: On target? The incidence of sanctions across listed firms in Iran (2019)
Working Paper: On target? The incidence of sanctions across listed firms in Iran (2019)
Working Paper: On Target? The Incidence of Sanctions Across Listed Firms in Iran (2019)
Working Paper: On Target? The Incidence of Sanctions Across Listed Firms in Iran (2019)
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