This study examines the environmental impacts of US sanctions on Iranian companies from 2013 to 2023, finding significant increases in air pollution, energy consumption and industrial waste. Although corporate governance and social responsibility practices offer some mitigation, they do not fully offset the negative effects. However, community social capital completely neutralizes the environmental damage. This research contributes to public policy discourse by emphasizing the complex and unintended consequences of sanctions on environmental sustainability.
ArapovaEkaterina (2023) The Sanctions Dilemma: How sanctions against Russia affect regional integration within the EAEU States. Strategic Analysis47(3): 289–294.
2.
AttiaHana (2023) Divert When It Does Not Hurt: The initiation of economic sanctions by US presidents from 1989 to 2015. Review of International Economics32(1): 109–131.
3.
ChenHuangxinShiYiZhaoXin (2022) Investment in Renewable Energy Resources, Sustainable Financial Inclusion and Energy Efficiency: A case of US economy. Resources Policy77: 102680.
4.
ChowWilfred MLevinDov H (2025) Muddying the Waters: How perceived foreign interference affects public opinion on protest movements. American Political Science Review119(1): 314–331. DOI: 10.1017/S0003055424000327.
5.
DemerjianPeterLevBaruchMcVaySarah (2012) Quantifying Managerial Ability: A new measure and validity tests. Management Science58(7): 1229–1248.
6.
DemerjianPeterLewis-WesternMelissaMcVaySarah (2017) How Does Intentional Earnings Smoothing Vary with Managerial Ability?Journal of Accounting, Auditing, and Finance35(2): 406–437.
7.
DesalegnGoshuTanglAnitaFekete-FarkasMaria (2022) From Short-Term Risk to Long-Term Strategic Challenges: Reviewing the consequences of geopolitics and COVID-19 on economic performance. Sustainability14(21): 14455.
8.
DolciGiovanniRigamontiLuciaGrossoMario (2023) The Challenges of Bioplastics in Waste Management. Waste Management and Research: The Journal for a Sustainable Circular Economy41(8): 1281–1282.
9.
DizajiSajjad FarajiSyedMansoob Murshed (2024) External Arms Embargoes and their Implications for Government Expenditure, Democracy and Internal Conflict. World Development173: 106410.
10.
EgamiNaokiYamauchiSoichiro (2023) Using Multiple Pretreatment Periods to Improve Difference-in-Differences and Staggered Adoption Designs. Political Analysis31(2): 195–212.
11.
FlachLisandraHeilandIngaLarchMarioSteiningerMarinaTetiFeodora A (2024) Quantifying the Partial and General Equilibrium Effects of Sanctions on Russia. Review of International Economics32(1): 281–323.
12.
FreemanR Edward(2021) Stakeholder Theory and the Resource-Based View of the Firm. Journal of Management47(7): 1757–1770.
13.
GaoMingChenYufan (2023) Get the Win -Win: Sustainable circular model of ‘generation-value-technology’ of industrial solid waste management. Waste Management & Research: The Journal for a Sustainable Circular Economy42(3): 191–205.
14.
GlaeserStephenLangMark (2024) Measuring Innovation and Navigating its Unique Information Issues: A review of the accounting literature on innovation. Journal of Accounting and Economics78(2–3): 101720.
15.
GrauvogelJuliavon SoestChristian (2014) Claims to Legitimacy Count: Why sanctions fail to instigate democratisation in authoritarian regimes. European Journal of Political Research53(4): 635–653.
16.
GuoLiangWangSizhuXucNicole Z (2021) US Economic and Trade Sanctions Against China: A loss-loss confrontation. Economic and Political Studies11(1):17–44.
17.
HanjaniAndreaniKusumadewiRr. Karlina Aprilia (2022) Determinan Kinerja Lingkungan dan Kinerja Keuangan: Studi Empiris Perusahaan Non Finansial di Indonesia. Reviu Akuntansi Dan Bisnis Indonesia6(1): 102–111.
18.
HartliebSvenLoyThomas REierleBrigitte (2020) Does Community Social Capital Affect Asymmetric Cost Behaviour?Management Accounting Research46: 100640.
19.
HussainAli JaanSankarTapan KumarVithanageMeththikaAmbadeBalramGautamSneha (2023) Black Carbon Emissions from Traffic Contribute Sustainability to Air Pollution in Urban Cities of India. Water, Air, & Soil Pollution234(4).
20.
JohnsonP. O.NeymanJ. (1936). Tests of Certain Linear Hypotheses and Their Application to Some Educational Problems. Statistical Research Memoirs, 1, 57–93.
21.
JollineauS JaneBowenRobert M (2023) A Practical Guide to Using Path Analysis: Mediation and moderation in accounting research. Journal of Financial Reporting8(1): 11–40.
22.
KavadisNikolaosThomsenSteen (2022) Sustainable Corporate Governance: A review of research on long-term corporate ownership and sustainability. Corporate Governance: An International Review31(1): 198–226.
23.
KavaklıKerim CanChatagnierJ TysonHatipoğluEmre (2020) The Power to Hurt and the Effectiveness of International Sanctions. The Journal of Politics82(3): 879–894.
24.
KlimenkoVVRatnerSVTereshinAG (2021) Constraints Imposed by Key-Material Resources on Renewable Energy Development. Renewable and Sustainable Energy Reviews144: 111011.
25.
LewandowskiR EricClaytonSusan DOlbrichLukasSakshaugJoseph WWrayBrittSchwartzSarah E OAugustinaviciusJuraHowePeter DParnesMcKennaWrightSachaCarpenterCaitlynWiśniowskiArkadiuszRuizDiego PerezVan SusterenLise (2024) Climate Emotions, Thoughts, and Plans Among US Adolescents and Young Adults: A cross-sectional descriptive survey and analysis by political party identification and self-reported exposure to severe weather events. The Lancet Planetary Health8(11): e879–e893.
26.
LiaoZhongjuZhangMengnan (2024) Regulatory Distance and Firms’ Environmental Innovation: The role of environmental information disclosure and social trust. Business Strategy and the Environment33(6): 5529–5539.
27.
LiuYiyeYuYangxinZhuXindong (2024) PCAOB International Inspections and the Market Value of Cash Holdings. Journal of International Accounting Research23(1): 169–198.
28.
MaDanZhuYanjin (2024) The Impact of Economic Uncertainty on Carbon Emission: Evidence from China. Renewable and Sustainable Energy Reviews191: 114230.
29.
MarbuahGeorgeGrenIng-MarieTirkasoWondmagegn Tafesse (2021) Social Capital, Economic Development and Carbon Emissions: Empirical evidence from counties in Sweden. Renewable and Sustainable Energy Reviews152: 111691.
30.
MeiYu (2024) Leader-Contingent Sanctions as a Cause of Violent Political Conflict. Political Science Research and Methods13(1): 1–20.
31.
MeyerKlaus EFangTonyPanibratovAndrei YPengMike WGaurAjai (2023) International Business Under Sanctions. Journal of World Business58(2): 101426.
32.
Murillo-AvalosCinthia LeonoraCubilla-MontillaMitziSánchezMiguel Ángel CelestinoVicente-GalindoPurificación(2020) What Environmental Social Responsibility Practices Do Large Companies Manage for Sustainable Development?Corporate Social Responsibility and Environmental Management28(1): 153–168.
33.
NakanishiHisae (2015) The Construction of the Sanctions Regime Against Iran: Political dimensions of unilateralism. Economic Sanctions under International Law: 23–41.
34.
NakhliSeyyed RezaRafatMonirehDastjerdiRasul BakhshiRafeiMeysam (2020) How Do the Financial and Oil Sanctions Affect the Iran’s Economy: A DSGE framework. Journal of Economic Studies48(4): 761–785.
35.
NguyenLinh-TXDoanAnh NPFrömmelMichael (2020) Boards of Directors and Corporate Sustainability Performance: Evidence from the emerging East Asian markets. International Journal of Disclosure and Governance18(2): 95–105.
36.
NewmanAbraham LZhangQi (2024) Secondary Effects of Financial Sanctions: Bank compliance and economic isolation of non-target states. Review of International Political Economy31(3): 995–1021.
37.
ÖzdamarÖzgürShahinEvgeniia (2021) Consequences of Economic Sanctions: The state of the art and paths forward. International Studies Review23(4): 1646–1671.
38.
PérezRaúl LópezKissHubert J (2012) Do People Accurately Anticipate Sanctions?Southern Economic Journal79(2): 300–321.
39.
PerryKatePeksenDursun (2024) Economic Sanctions and Labour Rights Abuses in Target Countries. European Journal of Political Research63(1): 5–25.
40.
PetrovMV (2018) Financing Companies in the Context of Economic Slowdown and Sanctions. Finance: Theory and Practice22(3): 83–99.
41.
PirsonMichaelTurnbullShann (2011) Corporate Governance, Risk Management, and the Financial Crisis: An information processing view. Corporate Governance: An International Review19(5): 459–470.
42.
RühlChristof (2022) Energy Sanctions and the Global Economy: Mandated vs unilateral sanctions. International Economics and Economic Policy9: 383–399.
43.
RupasinghaAnilGoetzStephan JFreshwaterDavid (2006) The Production of Social Capital in US Counties. The Journal of Socio-Economics35(1): 83–101.
44.
SchweizerKarlDistefanoChristineFrenchBrian (2023) A Maximum Likelihood Approach for Asymmetric Non-Normal Data Using a Transformational Measurement Model. Frontiers in Applied Mathematics and Statistics9.
45.
SharifiMahdi (2020) US–Iran Relations Post-9/11. In SharifiMajid (ed.) Insecurity Communities of South Asia and the Middle East. London: Routledge India, 178–196.
46.
SinahModirwaOladeleOladimeji I (2016) Management of Collaboration for Agricultural Innovation Systems: A case of constraints among stakeholders in the North West Province, South Africa. Problems and Perspectives in Management14(1): 16–22.
47.
SungRenaParkJonghyuk (2022) How Do Economic Sanctions Affect Public Opinion and Consumer Behavior in Target States? Evidence from China’s economic sanctions on South Korea. International Studies Quarterly66(3): sqac023.
48.
TamaJordan (2020) Forcing the President’s Hand: How the US Congress shapes foreign policy through sanctions legislation. Foreign Policy Analysis16(3): 397–416.
49.
TonioloSaraPierettoChiaraCamanaDaniela (2023) Improving Sustainability in Communities: Linking the local scale to the concept of sustainable development. Environmental Impact Assessment Review101: 107126.
50.
VeltePatrick (2024) Sustainable Board Governance and Environmental Performance: European evidence. Business Strategy and the Environment33(4): 3397–3421.
51.
WangXue-ChaoKlemešJiří JaromírDongXiaobinFanWeiguoXuZihanWangYutaoVarbanovPetar Sabev (2019) Air Pollution Terrain Nexus: A review considering energy generation and consumption. Renewable and Sustainable Energy Reviews105: 71–85.
52.
WillisBruceFytianosGeorgios (2022) Towards Microplastic Reduction within Institutions. Water, Air, & Soil Pollution233(8).
53.
XuQipingKimTaehyun (2021) Financial Constraints and Corporate Environmental Policies. The Review of Financial Studies35(2): 576–635.
54.
YuJianShiXunpengGuoDongmeiYangLongjian (2021) Economic Policy Uncertainty (EPU) and Firm Carbon Emissions: Evidence using a China provincial EPU index. Energy Economics94: 105071.
55.
ZarpliOmerPeksenDursun (2024) Election Proximity and the Effectiveness of Economic Sanctions. Journal of Peace Research. Epub ahead of print 27May2024. DOI: 10.1177/00223433241243178.