The Effects of Economic Sanctions on Foreign Asset Expropriation

Autor:	Hoon Lee, David Lektzian, Glen Biglaiser
Rok vydání:	2022
Předmět:	Sociology and Political Science Political Science and International Relations General Business Management and Accounting
Zdroj:	Journal of Conflict Resolution. 67:266-296
ISSN:	1552-8766 0022-0027
DOI:	10.1177/00220027221118250
Popis:	Studies suggest that home countries impose economic sanctions following host state expropriation of home firms. However, and not addressed in the empirical literature, is the possibility that sanctions lead targeted countries to nationalize firms from sender countries. Using bilateral expropriation data from 1985 to 2010, and controlling for endogeneity issues, we find that sanctions significantly increase expropriation risk, encouraging targeted states to inflict pain in a reciprocal manner on sender countries. Expropriations also enable targeted nations to acquire economic assets from foreign firms, undermining the restricting goals of sanctioning states, and provide opportunities for leaders to show political resolve at home by standing up to senders. Our results are robust using monadic or dyadic data and different statistical methods, indicating another sanction-busting strategy used by targeted countries.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::4fd525a5f98f9af23f4cdfdd6ee33514 https://doi.org/10.1177/00220027221118250 Zobrazit plný text záznamu