Graduation Year


Date of Submission


Document Type

Campus Only Senior Thesis

Degree Name

Bachelor of Arts



Reader 1

Eric Hughson

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Rights Information

2019 Roma E Forest


Utilizing the random effects model and Faccio (2010)’s methodology for classifying political connections, I find that politically connected Southeast Asian firms tend to have higher taxes and accounting performance than non-politically connected firms. The type of connection matters, with state-ownership producing the strongest benefits for market share. Contingent country-level variables, such as the economy, corruption, and the legal environment, also influence the value of corporate political ties. I find that Faccio (2010)’s results are likely more economically important than mine, even when controlling for the panel data effect.

This thesis is restricted to the Claremont Colleges current faculty, students, and staff.