Matching Items (7)
Filtering by
- All Subjects: Investment
- All Subjects: Political Science
- All Subjects: development
Description
Abstract<br/>Foreign Direct Investment has been pursued to economically integrate countries and to increase economic development. This has been accomplished partly through the WTO and Free Trade Agreements (FTAs), which have spurred foreign direct investment (FDI) by removing barriers to trade tariff and nontariff. In addition, they also created a framework and legal guidelines and regulations for investment and trade. Research suggests that this is the case when looking at country level data before and after FTAs go into effect. Although the existing literature offers important insights a weakness is it does not often look at the relationship between FTAs and FDI by analyzing firm level data. This is an important relationship to be studied as, beyond governments multinational companies (MNCs) are one of few key actors that can benefit the most and have the capabilities to take advantage of these FTAs. Therefore, studying the relationship between MNCs and their investments both before and after an FTA is signed is important to see if FDI would change in response to Free Trade Agreements and have an impact at the MNC level deployment of FDI. This would be significant to see if the current steady for attracting FDI is working. This is also important as FDI helps countries develop. Therefore, it can be seen as an exceptional contribution to the overall research on the subject. In this paper I will explore how companies have reacted to the formation of FTAs as well as the distinct effects of North-South South-South and North-North Agreements on firm’s investment strategies, using firm level data and drawing on interviews with multiple trade officials.
ContributorsHawks, Noah K (Author) / Gamso, Jonas (Thesis director) / Roy, Nelson (Committee member) / Ault, Joshua (Committee member) / Thunderbird School of Global Management (Contributor, Contributor) / Barrett, The Honors College (Contributor)
Created2021-05
Description
As the world becomes more globalized and interconnected, foreign investment has become a popular way to enter new markets, to facilitate trade, and to stay competitive. As more and more companies are looking to expand internationally, it is important to understand how economic, political, infrastructural, competence, and socioeconomic factors of a region can and should impact these investments and investment decisions. Through a comparative analysis of Taiwan and Hong Kong, this report will demonstrate how these factors can impact an investing company and will offer guidance as companies determine how the structure, history, and resources of a region will impact their foreign investment decisions. Data surrounding these elements is becoming more widely accessible every day. Utilizing this information will help companies stay competitive and prepared as they expand internationally.
ContributorsOlson, Abigail Emma (Author) / Dooley, Kevin (Thesis director) / Collins, Gregory (Committee member) / Dean, W.P. Carey School of Business (Contributor, Contributor) / School of International Letters and Cultures (Contributor, Contributor) / Barrett, The Honors College (Contributor)
Created2020-05
Description
The Solis Lofts Development Proposal thesis consisted of a full prospective development within the City of Tempe. Our team conducted a vast amount of market research to determine what sector of the market would provide the best return on investment. We organized meetings with local brokers from Cushman & Wakefield, CBRE, JLL, and Colliers International to learn more about the current market environment. Also, we organized meetings with local developers, architects, and lenders. These included Merit Partners, Sunbelt Holdings, MODUS Development, Catclar Investments, 5Visual, Butler Design Group, and Colonial Capital. Through the research we conducted we were able to successfully determine that a multifamily development within the City of Tempe would be a great way to enter the Commercial Real Estate Development field. Our project consisted of the full land acquisition process, architectural site plan review, financial analysis, and completion of the product.
ContributorsFarnsworth, Yzaac (Co-author) / Liu, Braden (Co-author) / Zwillinger, Mason (Co-author) / Butura, Alex (Co-author) / Sadusky, Brian (Thesis director) / Avrhami, Mathew (Committee member) / Department of Finance (Contributor) / Barrett, The Honors College (Contributor)
Created2019-05
Description
The United States and the Soviet Union faced off in Europe, but what did the spread of their influence look like around the globe? This is answered through researching the economic and political nuances of the Cold War.
ContributorsVallely, Ethan (Author) / Niebuhr, Robert (Thesis director) / Collins, Gregory (Committee member) / Barrett, The Honors College (Contributor) / Department of Finance (Contributor)
Created2023-05
Description
In the developed world, we often take the positive correlation between openness to trade and development for granted. After all, the world has seen the greatest amount of economic growth ever in this relatively short period of time in which global markets have been very accessible. There can be many factors attributed to this perspective on the near-universal association between trade and wealth, such as its simple, intuitive reasoning, a historical drive for developed nations to seek out beneficial trade opportunities, or perhaps even a general lack of awareness when it comes to how such enterprising attitudes may impact those living in entirely different civilizations. Whatever the reasoning may be, the reality is that global trade or openness to it is not as cut and dry as many would like to believe, nor does trade openness come as freely as one might expect, as certain conditions are needed in order to foster access to well-developed markets. It has been observed recently that the cost of doing trade, so to speak, has been increasing globally as certain state and nonstate actors push against the free trade model developed by the United States after World War II. It is with this challenge in mind that we explore the recent changes in the balance of global power dynamics that have led to a decline in the openness of the globalized economy. Saying this, we are not advocating for an end to "globalization", rather, this paper is meant to observe multiple potential frustrations to the current economic global order and the resulting fallout of trade among the world’s top economies.
ContributorsKozub, Nikolaus (Author) / Kozub, Alexander (Co-author) / Abraham-Lodmell, Spencer (Co-author) / Collins, Gregory (Thesis director) / Ripley, Charles (Committee member) / Barrett, The Honors College (Contributor) / Department of Information Systems (Contributor) / Department of Supply Chain Management (Contributor)
Created2024-05
Description
In this study, I test whether firms reduce the information asymmetry stemming from the political process by investing in political connections. I expect that connected firms enjoy differential access to relevant political information, and use this information to mitigate the negative consequences of political uncertainty. I investigate this construct in the context of firm-specific investment, where prior literature has documented a negative relation between investment and uncertainty. Specifically, I regress firm investment levels on the interaction of time-varying political uncertainty and the degree of a firm's political connectedness, controlling for determinants of investment, political participation, general macroeconomic conditions, and firm and time-period fixed effects. Consistent with prior work, I first document that firm-specific investment levels are significantly lower during periods of increased uncertainty, defined as the year leading up to a national election. I then assess the extent that political connections offset the negative effect of political uncertainty. Consistent with my hypothesis, I document the mitigating effect of political connections on the negative relation between investment levels and political uncertainty. These findings are robust to controls for alternative explanations related to the pre-electoral manipulation hypothesis and industry-level political participation. These findings are also robust to alternative specifications designed to address the possibility that time-invariant firm characteristics are driving the observed results. I also examine whether investors consider time-varying political uncertainty and the mitigating effect of political connections when capitalizing current earnings news. I find support that the earnings-response coefficient is lower during periods of increased uncertainty. However, I do not find evidence that investors incorporate the value relevant information in political connections as a mitigating factor.
ContributorsWellman, Laura (Author) / Dhaliwal, Dan (Thesis advisor) / Hillegeist, Stephen (Thesis advisor) / Walther, Beverly (Committee member) / Mikhail, Mike (Committee member) / Hillman, Amy (Committee member) / Brown, Jenny (Committee member) / Arizona State University (Publisher)
Created2014
Description
In the developed world, we often take the positive correlation between openness to trade and development for granted. After all, the world has seen the greatest amount of economic growth ever in this relatively short period of time in which global markets have been very accessible. There can be many factors attributed to this perspective on the near-universal association between trade and wealth, such as its simple, intuitive reasoning, a historical drive for developed nations to seek out beneficial trade opportunities, or perhaps even a general lack of awareness when it comes to how such enterprising attitudes may impact those living in entirely different civilizations. Whatever the reasoning may be, the reality is that global trade or openness to it is not as cut and dry as many would like to believe, nor does trade openness come as freely as one might expect, as certain conditions are needed in order to foster access to well-developed markets. It has been observed recently that the cost of doing trade, so to speak, has been increasing globally as certain state and nonstate actors push against the free trade model developed by the United States after World War II. It is with this challenge in mind that we explore the recent changes in the balance of global power dynamics that have led to a decline in the openness of the globalized economy. Saying this, we are not advocating for an end to "globalization", rather, this paper is meant to observe multiple potential frustrations to the current economic global order and the resulting fallout of trade among the world’s top economies.
ContributorsAbraham-Lodmell, Spencer (Author) / Kozub, Nikolaus (Co-author) / Kozub, Alexander (Co-author) / Collins, Gregory (Thesis director) / Ripley, Charles (Committee member) / Barrett, The Honors College (Contributor) / School of Civic & Economic Thought and Leadership (Contributor) / School of Politics and Global Studies (Contributor) / Historical, Philosophical & Religious Studies, Sch (Contributor)
Created2024-05