FRINK Linked Data Fragments server

Matches in SemOpenAlex for { <https://semopenalex.org/work/W79846479> ?p ?o ?g. }

• W79846479 endingPage "500" @default.
• W79846479 startingPage "477" @default.
• W79846479 abstract "TABLE OF CONTENTS INTRODUCTION I. THE CONCEPT OF POLITICAL RISK A. A General Definition of Risk B. Defining and Assessing Political Risk (or Not) C. Political Risk in Theory and Practice Today D. Off-the-Shelf Indicators of Political Risk E. Social Scientific Measures of Political Risk Based on Democracy and Veto Points II. INTERNATIONAL LAW AS A POTENTIAL MITIGATOR OF POLITICAL RISK A. An Introduction to BITs B. Empirical Studies of BITs and Foreign Investment Flows C. BITs and Off-the-Shelf Indicators of Political Risk D. The Imperfect Coverage of BITs E. The High Costs and Uncertainty of BIT Litigation F. Imagining a World Without BITs CONCLUDING THOUGHTS INTRODUCTION This Article explores some of the conceptual and operational difficulties related to measuring and to international law's arguably rather limited promise to provide meaningful protections against that risk. Part I explores the concept of providing a working definition of risk and examining previous attempts to develop workable definitions of political risk, which theorists have yet to successfully define. It examines evidence suggesting that, definitional issues aside, businesses only imperfectly attempt to assess and discusses why simple off-the-shelf indexes of and science indicators of democracy and veto points are of limited utility for measuring objective risk. Part II discusses international law as a potential mitigator of risk. It introduces bilateral investment treaties (BITs) as a major international law mechanism for reducing reviewing empirical studies of the correlation between BITs and foreign direct investment (FDI) inflows that have attempted to demonstrate that BITs reduce and examining whether BITs are correlated with a prominent off-the-shelf indicator of risk. It then discusses certain weaknesses of BITs as mitigators of including their imperfect coverage, the high cost and uncertainty of BIT litigation, and the availability of alternative risk-reducing strategies that might be more effective. I. THE CONCEPT OF POLITICAL RISK A. A General Definition of Risk The standard definition of risk is relatively intuitive and easy to grasp. Risk is typically defined as the probability that an event will happen, where the event will have adverse consequences (costs) for the relevant party. (1) Risks may be thought of as greater when the product of probability and costs is higher and as lower when the product is lower. (2) The law review literature on sometimes emphasizes a conceptual distinction between and uncertainty, where uncertainty is characterized by a lack of knowledge of the true distribution of probabilities of the adverse event. (3) But that conceptual distinction is not of much obvious utility in the present context, as the managers of international businesses will rarely if ever know the true distribution of probabilities, though they may be able to estimate or guess at those distributions with more or less accuracy or bias. (4) Rather, to the extent that managers attempt to assess in a mathematical way, they will almost always be working in an environment characterized by significant uncertainty, though they may not have much appreciation of how uncertain their estimates or actually are. B. Defining and Assessing Political Risk (or Not) The question of which kinds of adverse events a party is interested in predicting can be approached at the ultra-micro level, by attempting to identify any possible adverse event related to a foreign investment that might impose a cost on a business operation. For example, perhaps the company CEO will slip on a banana peel while touring the company subsidiary in Costa Rica, suffering major incapacitating injuries and setting off an internal power struggle that leads to investor worries about succession and causing a sharp drop in the company's share price. …" @default.
• W79846479 created "2016-06-24" @default.
• W79846479 creator A5035972596 @default.
• W79846479 date "2014-03-22" @default.
• W79846479 modified "2023-09-23" @default.
• W79846479 title "Political Risk and International Investment Law" @default.
• W79846479 hasPublicationYear "2014" @default.
• W79846479 type Work @default.
• W79846479 sameAs 79846479 @default.
• W79846479 citedByCount "1" @default.
• W79846479 countsByYear W798464792016 @default.
• W79846479 crossrefType "journal-article" @default.
• W79846479 hasAuthorship W79846479A5035972596 @default.
• W79846479 hasConcept C162118730 @default.
• W79846479 hasConcept C162324750 @default.
• W79846479 hasConcept C17744445 @default.
• W79846479 hasConcept C190253527 @default.
• W79846479 hasConcept C199539241 @default.
• W79846479 hasConcept C27548731 @default.
• W79846479 hasConcept C2776331573 @default.
• W79846479 hasConcept C33842695 @default.
• W79846479 hasConcept C555826173 @default.
• W79846479 hasConcept C63143784 @default.
• W79846479 hasConcept C94625758 @default.
• W79846479 hasConceptScore W79846479C162118730 @default.
• W79846479 hasConceptScore W79846479C162324750 @default.
• W79846479 hasConceptScore W79846479C17744445 @default.
• W79846479 hasConceptScore W79846479C190253527 @default.
• W79846479 hasConceptScore W79846479C199539241 @default.
• W79846479 hasConceptScore W79846479C27548731 @default.
• W79846479 hasConceptScore W79846479C2776331573 @default.
• W79846479 hasConceptScore W79846479C33842695 @default.
• W79846479 hasConceptScore W79846479C555826173 @default.
• W79846479 hasConceptScore W79846479C63143784 @default.
• W79846479 hasConceptScore W79846479C94625758 @default.
• W79846479 hasIssue "3" @default.
• W79846479 hasLocation W798464791 @default.
• W79846479 hasOpenAccess W79846479 @default.
• W79846479 hasPrimaryLocation W798464791 @default.
• W79846479 hasRelatedWork W1501200546 @default.
• W79846479 hasRelatedWork W1518352666 @default.
• W79846479 hasRelatedWork W1965978088 @default.
• W79846479 hasRelatedWork W2022517106 @default.
• W79846479 hasRelatedWork W2031236587 @default.
• W79846479 hasRelatedWork W2087104892 @default.
• W79846479 hasRelatedWork W2217923827 @default.
• W79846479 hasRelatedWork W2274579936 @default.
• W79846479 hasRelatedWork W2394498805 @default.
• W79846479 hasRelatedWork W2565112857 @default.
• W79846479 hasRelatedWork W257004037 @default.
• W79846479 hasRelatedWork W3123017175 @default.
• W79846479 hasRelatedWork W3123771685 @default.
• W79846479 hasRelatedWork W3162018664 @default.
• W79846479 hasRelatedWork W54779984 @default.
• W79846479 hasRelatedWork W84669728 @default.
• W79846479 hasRelatedWork W2303648383 @default.
• W79846479 hasRelatedWork W2559235727 @default.
• W79846479 hasRelatedWork W2739952489 @default.
• W79846479 hasRelatedWork W3124719552 @default.
• W79846479 hasVolume "24" @default.
• W79846479 isParatext "false" @default.
• W79846479 isRetracted "false" @default.
• W79846479 magId "79846479" @default.
• W79846479 workType "article" @default.