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Over the past two decades, the number of lawsuits filed against multinational corporate entities for environmental degradation and human rights abuses has skyrocketed. At the same time, U.S. courts have shown an increasing reluctance to hear such cases, turning to the common-law doctrine forum...
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Treating the Russian invasion of Ukraine as a rare disaster event and defining proximity as both physical distance and … political closeness, we analyze investors’ response to disaster risk by examining the performance of commercial real estate … investments in countries of proximity to the event. We find that proximity to the war matters, but the impact of the disaster is …
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