The International Law of Economic Warfare

Hagemeyer-Witzleb, Teoman M.

doi:10.1007/978-3-030-72846-5

Cited by 4 publications

(3 citation statements)

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“…Examples of economic statecraft include embargoes, boycotts, and import tariffs 5 . SWFs increase the dimensionality of governments' economic statecraft tactics, with Hagemeyer‐Witzleb (2021) characterizing SWFs as the “offensive weapons of investment warfare” (151).…”

Section: Related Literature and Hypothesis Developmentmentioning

confidence: 99%

“…For example, a single, albeit large investment in a firm of strategic importance by a SWF could provide entrée into a given economy's political leadership. Moreover, as that SWF builds ownership positions in the “advantaged markets” of powerful states, the latter will inevitably take the former more seriously, in business and politics.Similarly, Hagemeyer‐Witzleb (2021, 149) writes that “even comparably small (state‐controlled) investments may enable the purchaser to wield considerable power if decisive companies, technologies, or sectors are targeted.”…”

Section: Related Literature and Hypothesis Developmentmentioning

confidence: 99%

“…Between 1999 and 2019, 34 countries worldwide adopted new foreign government investment screening mechanisms amid concerns that foreign governments would exploit host country capital markets to pursue political objectives (OECD 2020). Hagemeyer‐Witzleb (2021, 151) characterizes these investment screening mechanisms as “defensive weapons” intended to fend off SWFs 7…”

Section: Related Literature and Hypothesis Developmentmentioning

confidence: 99%

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Financial Reporting Consequences of Sovereign Wealth Fund Investment*

Godsell

2022

Contemporary Accting Res

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Sovereign wealth funds (SWFs) are government‐owned institutional investors pursuing political and financial investment objectives. With $8 trillion in assets, SWFs are geopolitical powerbrokers actively participating in global capital markets, yet we know little about the financial reporting consequences of SWF investment. I document evidence supporting the hypothesis that the simultaneous pursuit of political and financial investment objectives renders SWFs weak monitors. Using a staggered difference‐in‐differences research design, I document economically significant increases in discretionary accruals for SWF target firms after SWF investment, relative to an entropy‐balanced control group of non‐SWF target firms. Corroborating tests document that the effect of SWF investment on discretionary accruals strengthens with SWFs' equity stake and SWF target firms' earnings management incentives and weakens when regulators curb SWFs' pursuit of political objectives. I highlight SWFs' distinct monitoring effect by replicating my analyses after replacing SWF investment with conventional institutional investment, and document that conventional institutional investment instead reduces discretionary accruals. I further corroborate SWFs' distinct monitoring role among conventional institutional investors using a wide variety of robustness tests employing alternate specifications, samples, and financial reporting proxies. Overall, this study introduces an economically important and fundamentally distinct but little‐studied institutional investor to the accounting literature.

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Section: Related Literature and Hypothesis Developmentmentioning

confidence: 99%

Section: Related Literature and Hypothesis Developmentmentioning

confidence: 99%

Section: Related Literature and Hypothesis Developmentmentioning

confidence: 99%

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Financial Reporting Consequences of Sovereign Wealth Fund Investment*

Godsell

2022

Contemporary Accting Res

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A Normative and conceptual study of peace after the Second World War in light of the Nuremberg Tribunal and the United Nations

Alipour

2023

International Area Studies Review

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The concept of peace is a source of much debate in the history of international law, and scholars have discussed it from different perspectives. State's consent formed the basis for the legal order prior to the Second World War. However, after the Second World War, peace requirements altered the order by imposing certain obligations upon States. These obligations are essential for universal peace, regardless of states' consent. Among these requirements, the salient sample is the prohibition of waging war, which was criminalized for the first time by the Nuremberg and Tokyo Tribunals. As part of the process of pursuing lasting peace the adoption of the Charter of the United Nations is a hallmark. The Charter outlined a new vision of peace, coupled with retaining the classic definition of peace as the absence of war. There are two characteristics of the Charter's peace; it is manifested in a particular form with a definite connotation. In terms of the form, certain articles of the Charter suggest that the form is the relationship between the members of the United Nations and that the connotation is the implementation of human rights. Charter law pledges States, individually and collectively, to observe human rights both at the domestic and international levels, and this understanding of peace has affected the structure of international law.

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Financial Reporting Consequences of Sovereign Wealth Fund Investment

Godsell

2017

SSRN Journal

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The International Law of Economic Warfare

Cited by 4 publications

References 0 publications

Financial Reporting Consequences of Sovereign Wealth Fund Investment*

Financial Reporting Consequences of Sovereign Wealth Fund Investment*

A Normative and conceptual study of peace after the Second World War in light of the Nuremberg Tribunal and the United Nations

Financial Reporting Consequences of Sovereign Wealth Fund Investment

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