THE BEHAVIOUR OF FOREIGN MANUFACTURING CORPORATIONS IN RUSSIA AFTER THE LAUNCH OF ‘A SPECIAL MILITARY OPERATION’ OF RUSSIA IN UKRAINE

Igor Gurkov (), Nikolay Filinov and Zokirzhon Saidov ()
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Igor Gurkov: National Research University Higher School of Economics
Zokirzhon Saidov: National Research University Higher School of Economics

HSE Working papers from National Research University Higher School of Economics

Abstract: This study examines the behaviour of foreign manufacturing corporations in Russia in the first months after the launch of ‘a special military operation’ of Russia in Ukraine. While service companies and most of the largest industrial corporations operating in Russia announced different types of changes in their operations (e.g., self-restriction of investments, shortening the range of products, intentions to exit from Russian assets, etc.) as well as the temporary cessation of operations due mostly to logistical problems and the deficit of components, the operations of smaller industrial corporations were less affected by the political pressure and economic factors. Notably, less than 17% of the corporations that opened new factories between 2012 and 2019 in Russia announced self-restrictions on operations or intentions to exit from Russian assets. In this study, we reveal the factors that stipulate or impede the intentions to exit from Russian assets and indicate several factors that are missing in the extant literature on foreign subsidiary divestment

Keywords: manufacturing subsidiaries; international crisis; foreign divestments; Russia (search for similar items in EconPapers)
JEL-codes: M11 M16 (search for similar items in EconPapers)
Pages: 26 pages
Date: 2022
New Economics Papers: this item is included in nep-cis
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Published in WP BRP Series: Management / MAN, December 2022, pages 1-26

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