The Impact of "Sin" Bank Closures on Firm Performance (Mikhail Mamonov)

Assistant Professor in Finance Mikhail Mamonov from Toulouse Business School explores the repercussions for firms when their banks are preemptively closed by central banks due to fraud. Mamonov, along with his co-researchers, examines the aftermath of such closures using data from pre-war Russia, focusing on the period between 2013 and 2018. This research highlights how firms, depending on their financial health, navigate the loss of their lenders and find new ones, revealing significant patterns in firm performance and resilience. The video also touches on broader implications for the banking system and the effectiveness of sanctions on Russia's financial sector.

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