2019-11-04l 조회수 2565
연구 보조해주실 게임이론 전공 석박사생분을 모집합니다.
Investor-state arbitration (ISDS) enforces the protection of property rights globally by allowing investors to sue foreign governments directly for expropriation in arbitral tribunals. While ISDS is useful for all multi-national corporations, we observe disparity of ISDS usage by investor nationality. Understanding this variation is important as the effectiveness of ISDS as an international court depends on investor’s willingness to challenge violations at the venue. In this paper, I use a novel data on infrastructure investment from 1990-2013 and find that when a home state holds close ties with its own firms and with the host state, an investor has less need to resort to formal ISDS because the home state is more willing and better able to prevent expropriation and reach an informal settlement on behalf of the investor. This study suggests that ISDS is a useful tool for investors without much political leverage in the host country.