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: Department of Economics, University of Warwick
Leanne Stickland: Deloitte UK
Nele Warrinnier: School of Economics and Finance, Queen Mary University of London & LICOS Centre for Institutions and Economic Performance, KU Leuven

The Warwick Economics Research Paper Series (TWERPS) from University of Warwick, Department of Economics

Abstract: How successful are sanctions at targeting the economic interests of political elites in a ected countries? We study the case of Iran, using information on the stock exchangelisted assets of two speci c political entities with signi cant in uence over the direction of Iran's nuclear program. Our identi cation strategy focuses on the process of negotiations for sanctions removal, examining which interests bene t most from news about diplomatic progress. The results indicate the `bluntness' of sanctions on Iran, but also provide evidence of their e ectiveness in generating substantial economic incentives for elite policymakers to negotiate a deal for sanctions relief. JEL Classification: D74 ; H56 ; F51

Keywords: National Security; Sanctions; Iran (search for similar items in EconPapers)
Date: 2022
New Economics Papers: this item is included in nep-ara, nep-cwa and nep-isf
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https://warwick.ac.uk/fac/soc/economics/research/w ... erp_1400_-_draca.pdf

Related works:
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)
Working Paper: On Target? The Incidence of Sanctions Across Listed Firms in Iran (2018)
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