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International business under sanctions
Stockholm University, Faculty of Social Sciences, Stockholm Business School, Management & Organisation.ORCID iD: 0000-0002-6668-1190
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Number of Authors: 52023 (English)In: Journal of world business (Print), ISSN 1090-9516, E-ISSN 1878-5573, Vol. 58, no 2, article id 101426Article in journal (Refereed) Published
Abstract [en]

Sanctions are a tool used by political actors to induce foreign countries, firms or individuals to alter their behavior. As nonmilitary coercive measure, they have the potential to disrupt the international business environment, often on short notice, and change the rules of the game. Synthesizing the available evidence on the economic and political impacts of sanctions, we explore how sanctions disrupt the institutional framework for international business and how firms respond to sanctions. Based on a review of available scholarly evidence, we discuss how theories of international business, such as institution-based view, resource-and knowledge-based view, resource dependency theory, and behavioral theories of the firm, can contribute to explaining the impact of sanctions. At the same time, we discuss how sanctions, as politically motivated disruptions, challenge some assumptions underlying these theories. Going forward, our research agenda on sanctions is likely to help firms and governments to strategize in a geopolitically sensitive world.

Place, publisher, year, edition, pages
2023. Vol. 58, no 2, article id 101426
National Category
Economics and Business
Identifiers
URN: urn:nbn:se:su:diva-215822DOI: 10.1016/j.jwb.2023.101426ISI: 000942705900001Scopus ID: 2-s2.0-85147233212OAI: oai:DiVA.org:su-215822DiVA, id: diva2:1747604
Available from: 2023-03-30 Created: 2023-03-30 Last updated: 2023-03-30Bibliographically approved

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Fang, Tony

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