Corporate Decision-Making in Geopolitical Crises: The Role of ESG Policies During the Russia-Ukraine Conflict

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dc.contributorAalto Universityen
dc.contributorAalto-yliopistofi
dc.contributor.advisorKokkonen, Joni
dc.contributor.authoral Azawi, Lara
dc.contributor.departmentRahoituksen laitosfi
dc.contributor.schoolKauppakorkeakoulufi
dc.contributor.schoolSchool of Businessen
dc.date.accessioned2024-02-04T17:07:54Z
dc.date.available2024-02-04T17:07:54Z
dc.date.issued2023
dc.description.abstractI analyze the impact of Environmental, Social, and Governance (ESG) policies on multinational companies’ decision-making during the Russia-Ukraine conflict and the following stock market reactions. I present evidence that higher ESG scores significantly influence firms to discontinue operations in Russia, whereas Human Rights Scores do not. I also show that complete withdrawals from Russia experience a favorable market reaction, though these reactions are moderated for firms with higher ESG and Human Rights Scores.en
dc.format.extent25
dc.format.mimetypeapplication/pdfen
dc.identifier.urihttps://aaltodoc.aalto.fi/handle/123456789/126662
dc.identifier.urnURN:NBN:fi:aalto-202402042322
dc.language.isoenen
dc.programmeRahoitusen
dc.subject.keywordESGen
dc.subject.keywordstock market reactionen
dc.subject.keywordgeopolitical crisisen
dc.subject.keywordRussiaen
dc.subject.keywordUkraineen
dc.titleCorporate Decision-Making in Geopolitical Crises: The Role of ESG Policies During the Russia-Ukraine Conflicten
dc.titleYritysten päätöksenteko geopoliittisissa kriiseissä: ESG-politiikan rooli Venäjän-Ukraina konfliktin aikanafi
dc.typeG1 Kandidaatintyöfi
dc.type.ontasotBachelor's thesisen
dc.type.ontasotKandidaatintyöfi

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