UMD Theses and Dissertations

Permanent URI for this collectionhttp://hdl.handle.net/1903/3

New submissions to the thesis/dissertation collections are added automatically as they are received from the Graduate School. Currently, the Graduate School deposits all theses and dissertations from a given semester after the official graduation date. This means that there may be up to a 4 month delay in the appearance of a given thesis/dissertation in DRUM.

More information is available at Theses and Dissertations at University of Maryland Libraries.

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Author: search.filters.author.Kim, Seungjun

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    THE VALUE OF STATE-BUSINESS CONNECTION IN THE POLITICS OF CROSS-BORDER CAPITAL
    (2020) Kim, Seungjun; Allee, Todd; Government and Politics; Digital Repository at the University of Maryland; University of Maryland (College Park, Md.)
    This dissertation demonstrates that in a highly integrated global economy, state-business relationships have significant value for cross-border investors. The first paper shows that the governments of developed countries establish international investment agreements to protect their firms’ existing international investments. The second paper reveals that these home-country governments further support their firms’ international investments by supplying them with financing through state financial institutions. The third paper builds on the assumption that political relationships increase corporate value; therefore, domestic portfolio stock investors, unlike their foreign counterparts, are able to increase their returns by investing in politically-connected firms. The broad lesson from this series of papers is that governments can increase their firms’ profits abroad and that such increases are experienced primarily by the largest firms.