Self-interest over ethics: firm withdrawal from Russia after the Ukraine invasion
Drawing on contrasting theoretical perspectives of self-interest and utilitarian/ethical motivations, we examine the degree to which a company's pace of departure from Russia after the Ukraine invasion is driven by its exposure to the Russian market. Moreover, we investigate whether firm-level...
| Главные авторы: | ; |
|---|---|
| Формат: | Электронный ресурс Статья |
| Язык: | Английский |
| Проверить наличие: | HBZ Gateway |
| Interlibrary Loan: | Interlibrary Loan for the Fachinformationsdienste (Specialized Information Services in Germany) |
| Опубликовано: |
2025
|
| В: |
Journal of business ethics
Год: 2025, Том: 199, Выпуск: 2, Страницы: 365-391 |
| Другие ключевые слова: | B
Russian invasion
B Morality B Political Ethics B Business Ethics B Utilitarian / ethical B Survival Analysis B Ukraine B Utilitarianism B Aufsatz in Zeitschrift B Meta-Ethics B Russian and Post-Soviet Politics B Self-interest |
| Online-ссылка: |
Volltext (kostenfrei) Volltext (kostenfrei) |
MARC
| LEADER | 00000caa a2200000 c 4500 | ||
|---|---|---|---|
| 001 | 1927415667 | ||
| 003 | DE-627 | ||
| 005 | 20250616120928.0 | ||
| 007 | cr uuu---uuuuu | ||
| 008 | 250604s2025 xx |||||o 00| ||eng c | ||
| 024 | 7 | |a 10.1007/s10551-024-05836-3 |2 doi | |
| 035 | |a (DE-627)1927415667 | ||
| 035 | |a (DE-599)KXP1927415667 | ||
| 040 | |a DE-627 |b ger |c DE-627 |e rda | ||
| 041 | |a eng | ||
| 084 | |a 1 |2 ssgn | ||
| 100 | 1 | |e VerfasserIn |0 (DE-588)1209276682 |0 (DE-627)1696921074 |4 aut |a Patel, Pankaj | |
| 109 | |a Patel, Pankaj |a Patel, Pankaj C. | ||
| 245 | 1 | 0 | |a Self-interest over ethics |b firm withdrawal from Russia after the Ukraine invasion |c Pankaj C. Patel, Jack I. Richter |
| 264 | 1 | |c 2025 | |
| 336 | |a Text |b txt |2 rdacontent | ||
| 337 | |a Computermedien |b c |2 rdamedia | ||
| 338 | |a Online-Ressource |b cr |2 rdacarrier | ||
| 520 | |a Drawing on contrasting theoretical perspectives of self-interest and utilitarian/ethical motivations, we examine the degree to which a company's pace of departure from Russia after the Ukraine invasion is driven by its exposure to the Russian market. Moreover, we investigate whether firm-level political and non-political risks influence the propensity to delay or expedite the exit/withdrawal process. Contrary to utilitarian expectations advocating for ethical exit decisions irrespective of exposure and risks, firms with higher Russian exposure were less likely to exit sooner, indicating a prioritization of business interests over ethical imperatives. This self-interest effect was further amplified by heightened political risks but attenuated by non-political risks. These findings remained consistent across various model specifications, with limited discernible variations based on firm characteristics such as ranking, COVID-19 exposure and risk, past idiosyncratic volatility, or family ownership and control. In addition, an examination of post-exit effects on profitability, risk, cost of capital, and liquidity revealed no statistically significant relationships. Our study highlights the prevalence of self-interest motivations over utilitarian principles, as firms with substantial Russian exposure prioritized safeguarding their business interests in the aftermath of the Ukraine invasion, even at the potential cost of ethical and social responsibility imperatives. | ||
| 650 | 4 | |a Business Ethics | |
| 650 | 4 | |a Meta-Ethics | |
| 650 | 4 | |a Morality | |
| 650 | 4 | |a Political Ethics | |
| 650 | 4 | |a Russian and Post-Soviet Politics | |
| 650 | 4 | |a Russian invasion | |
| 650 | 4 | |a Self-interest | |
| 650 | 4 | |a Survival Analysis | |
| 650 | 4 | |a Ukraine | |
| 650 | 4 | |a Utilitarian/ethical | |
| 650 | 4 | |a Utilitarianism | |
| 655 | 4 | |0 (DE-206)49 |a Aufsatz in Zeitschrift |5 DE-206 | |
| 700 | 1 | |a Richter, Jack I. |e VerfasserIn |4 aut | |
| 773 | 0 | 8 | |i Enthalten in |t Journal of business ethics |d Dordrecht : Springer, 1982 |g 199(2025), 2 vom: Juni, Seite 365-391 |h Online-Ressource |w (DE-627)270937129 |w (DE-600)1478688-6 |w (DE-576)121465284 |x 1573-0697 |7 nnas |
| 773 | 1 | 8 | |g volume:199 |g year:2025 |g number:2 |g month:06 |g pages:365-391 |
| 856 | 4 | 0 | |u https://link.springer.com/content/pdf/10.1007/s10551-024-05836-3.pdf |q application/pdf |x Verlag |z kostenfrei |
| 856 | 4 | 0 | |u https://doi.org/10.1007/s10551-024-05836-3 |x Resolving-System |z kostenfrei |3 Volltext |
| 951 | |a AR | ||
| ELC | |a 1 | ||
| ITA | |a 1 |t 1 | ||
| LOK | |0 000 xxxxxcx a22 zn 4500 | ||
| LOK | |0 001 4730871456 | ||
| LOK | |0 003 DE-627 | ||
| LOK | |0 004 1927415667 | ||
| LOK | |0 005 20250604073836 | ||
| LOK | |0 008 250604||||||||||||||||ger||||||| | ||
| LOK | |0 040 |a DE-Tue135 |c DE-627 |d DE-Tue135 | ||
| LOK | |0 092 |o n | ||
| LOK | |0 852 |a DE-Tue135 | ||
| LOK | |0 852 1 |9 00 | ||
| LOK | |0 935 |a ixzs |a ixzo | ||
| OAS | |a 1 | ||
| ORI | |a TA-MARC-ixtheoa001.raw | ||
| STA | 0 | 0 | |a Ukraine,Western Ukraine |
| SYE | 0 | 0 | |a Ukraine (depuis 1991/92),Ukraine (seit 1991/92),Ukraine (since 1991/92),Ukraine,Ukraine , Ukrainische SSR,Ukrajina,Ukraina,Ukraïna,Ukraina,Ukrajna |
