Kuleba: Pulling out of Russia morally right, profitable for business
Ukrinform
Minister of Foreign Affairs of Ukraine Dmytro Kuleba draws the attention of business to the market rewards for leaving Russia.
“Pulling out of Russia is not only morally right, but also profitable for business. Yale School of Management research proves that companies leaving Russia are generously rewarded by markets while those remaining suffer financial and reputation risks. Pull out of Russia, feel good, make profits” Kuleba posted on Twitter.
A study by the Yale School of Management indicates that financial markets rewarding companies for leaving Russia as the share-price gains for companies pulling out have far surpassed the cost of one-time impairments for companies that have written down the value of their Russian assets.
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