Home  Journals  National Interests: Priorities and Security  3(420) - 2023 March

Corporate reporting: A balance between sanction threats and corporate PR

Received: 14 November 2022

Received in revised form: 24 December 2022

Accepted: 30 January 2023

Available online: 15 March 2023

Subject Heading: ECONOMIC SECURITY

JEL Classification: F21, G11, G34, M14

Pages: 467–484

https://doi.org/10.24891/ni.19.3.467

Subject. This article discusses the change in approaches to the preparation of corporate reporting in the context of sanctions.
Objectives. The article aims to analyze changes in the information policy of Russian corporations.
Methods. For the study, we used a comparative analysis.
Results. Based on the analysis of the results of the anti-Russian sanctions, the article finds that they are forcing corporations to maintain a balance between the concealment of private information about shareholders and top managers and the need to conduct an information policy aimed at attracting investors.
Conclusions. Currently, the main efforts of the Russian corporate sector pursue the objective to protect shareholders and members of governance bodies from sanctions threats.

Keywords: corporate reporting, corporate PR, non-financial reporting, transparency, sanctions

References:

1. Levanova L.N. [Innovations transparency requirements of the Russian corporation]. Izvestiya Saratovskogo universiteta. Novaya seriya. Seriya Ekonomika. Upravlenie. Pravo = Izvestiya of Saratov University. Series: Economics. Management. Law, 2017, vol. 17, iss. 3, pp. 285–290. (In Russ.) URL: Link
2. Fedorova E.A., Khrustova L.E., Demin I.S. [Completeness of non-financial disclosure by Russian companies: The influence on investment attractiveness]. Rossiiskii zhurnal menedzhmenta = Russian Management Journal, 2020, vol. 18, no. 1, pp. 51–72. (In Russ.) URL: Link
3. Demidenko D.S., Malevskaya-Malevich E.D., Kudryashov V.S., Babkin I.A. [ESG based assessment of the enterprises efficiency]. π-Economy, 2022, vol. 15, iss. 4, pp. 82–95. (In Russ.) URL: Link
4. Borisyuk A.A., Gadzhiev G.M. [Non-financial reporting as an instrument for company's "feedback" and the problems of its development in the Russian Federation]. Ekonomika i biznes: teoriya i praktika = Journal of Economy and Business, 2021, no. 6-2, pp. 17–21. (In Russ.) URL: Link
5. Nekhoda E.V., Arabov N.U., Bogdanov A.L. et al. [Decent work in non-financial reporting of Russian companies: Assessing the disclosure quality]. Upravlenets = The Manager, 2022, vol. 13, no. 2, pp. 34–56. URL: Link
6. Onder M. Consequences of Economic Sanctions on Minority Groups in the Sanctioned States. Digest of Middle East Studies, 2022, vol. 31, iss. 3, pp. 201–227. URL: Link
7. Cortright D., Lopez G.A. (Eds). Smart Sanctions: Targeting Economic Statecraft. Plymouth, Rowman & Littlefield, 2002, 256 p.
8. Morgan T.C., Bapat N., Kobayashi Y. Threat and Imposition of Economic Sanctions 1945–2005: Updating the TIES Dataset. Conflict Management and Peace Science, 2014, vol. 31, iss. 5, pp. 541–558. URL: Link
9. Kustra T. Sanctioning the Homeland: Diasporas’ Influence on American Economic Sanctions Policy. Journal of Conflict Resolution, 2022, vol. 66, iss. 3, pp. 443–472. URL: Link
10. Drezner D.W. How Not to Sanction. International Affairs, 2022, vol. 98, iss. 5, pp. 1533–1552. URL: Link
11. Gullstrand J. What Goes Around Comes Around: The Effects of Sanctions on Swedish Firms in the Wake of the Ukraine Crisis. The World Economy, 2020, vol. 43, iss. 9, pp. 1533–1552. URL: Link
12. Crozet M., Hinz J. Friendly Fire: The Trade Impact of the Russia Sanctions and Counter-Sanctions. Economic Policy, 2020, vol. 35, iss. 101, pp. 97–146. URL: Link
13. Shapran N., Britchenko I., Haponiuk M., Shapran V. The Impact of the Sanctions on the Economy of the Russian Federation. Vuzf Review, 2022, vol. 7, iss. 3, pp. 13–22. URL: Link
14. Li Z., Li T. Economic Sanctions and Regional Differences: Evidence from Sanctions on Russia. Sustainability, 2022, vol. 14, iss. 10. URL: Link
15. Mesquita B.B., Smith A., Siverson R.M., Morrow J.D. The Logic of Political Survival. Cambridge, Massachusetts, MIT Press, 2003, 550 p. URL: Link
16. Izmailova M.A. [Implementation of ESG strategies of Russian companies under sanctions restrictions]. MIR (Modernizatsiya. Innovatsii. Razvitie) = MIR (Modernization. Innovation. Research), 2022, vol. 13, no. 2, pp. 185–201. (In Russ.) URL: Link
17. Zainullin S.B., Zainullina O.A. [Areas for development of corporate governance in Russia with regard to the escalation of international tension]. Natsional'nye interesy: prioritety i bezopasnost' = National Interests: Priorities and Security, 2022, vol. 18, iss. 7, pp. 1284–1304. (In Russ.) URL: Link

View all articles of issue

ISSN 2311-875X (Online)
ISSN 2073-2872 (Print)

Journal current issue

Vol. 20, Iss. 4 April 2024

Archive