Honors Theses and Capstones

Date of Award

Spring 2014

Project Type

Senior Honors Thesis

College or School



Accounting and Finance

Program or Major

Business Administration

Degree Name

Bachelor of Science

First Advisor

Fred Kaen


The purpose of the thesis is to determine the impact that foreign direct investment has had on New Hampshire. New Hampshire as a state was impacted far less severely than much of the rest of the country, which could be considered surprising given the relatively high cost of housing in the state. I believe that part of what made New Hampshire more recession resistant is having the right foreign companies providing employment. To do this, I will be looking at FDI as a percentage of GDP over the previous 40 years and looking for a correlation between a higher percentage and national recession. I will also look at specific foreign corporations that lend the most to the New Hampshire economy to obtain a more specific view of the impact such companies have on both their communities and the state as a whole. This data could prove useful to New Hampshire as well as other states looking to protect against recession, as well as corporations looking to justify FDI to various governments.