THE VALUE OF STATE-BUSINESS CONNECTION IN THE POLITICS OF CROSS-BORDER CAPITAL

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dc.contributor.advisorAllee, Todden_US
dc.contributor.authorKim, Seungjunen_US
dc.contributor.departmentGovernment and Politicsen_US
dc.contributor.publisherDigital Repository at the University of Marylanden_US
dc.contributor.publisherUniversity of Maryland (College Park, Md.)en_US
dc.date.accessioned2020-10-12T05:31:51Z
dc.date.available2020-10-12T05:31:51Z
dc.date.issued2020en_US
dc.description.abstractThis 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.en_US
dc.identifierhttps://doi.org/10.13016/ful7-61sk
dc.identifier.urihttp://hdl.handle.net/1903/26661
dc.language.isoenen_US
dc.subject.pqcontrolledPolitical scienceen_US
dc.subject.pquncontrolledCrony Capitalismen_US
dc.subject.pquncontrolledForeign Direct Investmenten_US
dc.subject.pquncontrolledInternational Investment Agreementsen_US
dc.subject.pquncontrolledState Financial Backingen_US
dc.subject.pquncontrolledState-Business Connectionsen_US
dc.subject.pquncontrolledStock Portfolio Investmentsen_US
dc.titleTHE VALUE OF STATE-BUSINESS CONNECTION IN THE POLITICS OF CROSS-BORDER CAPITALen_US
dc.typeDissertationen_US

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