Do reports of sexual violence by state forces influence foreign direct investment? While studies have examined the impact of government human rights performance on FDI, how investors react to civilian victimization during wartime remains understudied. We investigate this with a focus on conflict-related sexual violence (CRSV). We argue that sexual violence by state governments results in the loss of FDI during conflict due to reputational and economic costs faced by foreign investors. With increasing international developments on CRSV, ties to governments that perpetrate sexual violence can be harmful to how the global community perceives foreign corporations. Moreover, government sexual violence signals that the government is relatively weaker than its opponent, creating uncertainties for foreign corporations regarding future investment opportunities in the host state. Analyzing sexual violence by government forces for all civil conflicts from 1989 to 2008, our findings show a decline in FDI as government sexual violence increases.

中文翻译：

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作为人权观察者的经济行为者：政府性暴力对外国直接投资的影响

国家军队性暴力的报道会影响外国直接投资吗？虽然研究已经考察了政府人权表现对外国直接投资的影响，但投资者对战时平民受害的反应仍未得到充分研究。我们对此进行调查，重点是与冲突有关的性暴力 (CRSV)。我们认为，由于外国投资者面临的声誉和经济成本，州政府的性暴力导致冲突期间外国直接投资的损失。随着 CRSV 的国际发展越来越多，与实施性暴力的政府的联系可能会损害国际社会对外国公司的看法。此外，政府的性暴力表明政府比对手相对弱小，给外国公司在东道国未来的投资机会带来不确定性。通过分析 1989 年至 2008 年所有国内冲突中政府军实施的性暴力，我们的研究结果表明，随着政府性暴力的增加，外国直接投资有所下降。