Ultimate Beneficial Ownership Disclosure Regulation and the Real effects of Investment: A Cross-Country Analysis

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dc.contributor.advisorKrull, Linda
dc.contributor.authorBerry, Erica
dc.date.accessioned2023-03-24T18:54:45Z
dc.date.available2023-03-24T18:54:45Z
dc.date.issued2023-03-24
dc.description.abstractIn this study, I examine whether laws mandating disclosure of ultimate beneficial ownership of entities influence outbound foreign direct investment activities. The secrecy provided by anonymous companies allows the individuals controlling a company to be obscured, a factor that can be used to hide improper or illicit activity. I take advantage of the staggered enactment of laws in countries that require disclosure of beneficial owners to assess whether firms change their foreign direct investment behavior in response to increased transparency. I find limited evidence that, on average, firms reduce their outbound foreign direct investment behavior in response to ultimate beneficiary ownership disclosure laws. However, in a cross-sectional analysis, I find that the level of perceived corruption, the existence of country-by-country reporting requirements, and location as a known tax haven affect how firm investment changes upon enactment of laws mandating disclosure of ultimate beneficial ownership.en_US
dc.identifier.urihttps://hdl.handle.net/1794/28078
dc.language.isoen_US
dc.publisherUniversity of Oregon
dc.rightsAll Rights Reserved.
dc.subjectbeneficial ownershipen_US
dc.subjectcorruptionen_US
dc.subjectFCPAen_US
dc.subjectinvestmenten_US
dc.subjecttransparencyen_US
dc.subjectUKBAen_US
dc.titleUltimate Beneficial Ownership Disclosure Regulation and the Real effects of Investment: A Cross-Country Analysis
dc.typeElectronic Thesis or Dissertation
thesis.degree.disciplineDepartment of Accounting
thesis.degree.grantorUniversity of Oregon
thesis.degree.leveldoctoral
thesis.degree.namePh.D.

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