11.01.2023 New Publication: Firms persistence under sanctions

A recent study by Mohammad Reza Farzanegan (joint with Iman Cheratian, and Saleh Goltabar) published in the World Economy investigated the approaches of Micro, Small and Medium Enterprises (MSMEs) in persisting during international sanctions against Iran.

The study found that reducing research and development expenditures and marketing costs, investing in information technology, and having a business plan, access to finance and technology, owner education, export orientation, business networking, and consulting services are positively related to firm persistence. Micro-firms were also found to be more resilient than small and medium counterparts. The findings have important implications for firms facing similar pressures from sanctions in the future.

The publication is open access at: https://onlinelibrary.wiley.com/doi/full/10.1111/twec.13378

To cite this study: Cheratian, I., Goltabar, S., & Farzanegan, M. R. (2023). Firms persistence under sanctions: Micro-level evidence from Iran. The World Economy. https://doi.org/10.1111/twec.13378