Investor reaction to economic sanctions: the case of Russian Global Depositary Receipts
We examine the impact that the economic sanctions imposed by the Western community on the Russian economy in March 2014 have had on the pricing of Global Depositary Receipts (GDRs) traded in London. We document that following the first announcement of the imposition of sanctions, the returns of Russ...
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| Format: | Article |
| Language: | English |
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AIMS Press
2019-07-01
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| Series: | Quantitative Finance and Economics |
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| Online Access: | https://www.aimspress.com/article/10.3934/QFE.2019.3.425/fulltext.html |