RELIGIOSITY AND FOREIGN DIRECT INVESTMENT: THE CASE OF ROMANIA
This paper presents a quantitative approach to the analysis of the impact of cultural factors on Foreign Direct Investment (FDI). FDI is indispensable for the economic development of Eastern European countries, including Romania. In turn, FDI is determined by a multitude of factors, including cultur...
| Main Author: | |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Romanian Foundation for Business Intelligence
2019-06-01
|
| Series: | Cross-Cultural Management Journal |
| Subjects: | |
| Online Access: |
http://seaopenresearch.eu/Journals/articles/CMJ2019_I1_6.pdf
|
| _version_ | 1818640560268771328 |
|---|---|
| author | Sebastian D. TOCAR |
| author_facet | Sebastian D. TOCAR |
| author_sort | Sebastian D. TOCAR |
| collection | DOAJ |
| description | This paper presents a quantitative approach to the analysis of the impact of cultural factors on Foreign Direct Investment (FDI). FDI is indispensable for the economic development of Eastern European countries, including Romania. In turn, FDI is determined by a multitude of factors, including cultural ones. Religiosity is an extremely important cultural factor since religion defines culture. However, the religious factor seems to be avoided in the context of FDI research. This study proposes an original reliable indicator designed to quantify religiosity –the Religiosity Index based on the review of literature in the field. This construct is analyzed as a cultural factor with an influence on FDI through simultaneous equations modeling. This allowed the author to identify the significant relationships in the multitude of bilateral and complex interrelations of FDI determinants. |
| first_indexed | 2024-12-16T23:13:13Z |
| format | Article |
| id | doaj.art-26e61c346eb547e9bbb93b82bd01e233 |
| institution | Directory Open Access Journal |
| issn | 2286-0452 |
| language | English |
| last_indexed | 2024-12-16T23:13:13Z |
| publishDate | 2019-06-01 |
| publisher | Romanian Foundation for Business Intelligence |
| record_format | Article |
| series | Cross-Cultural Management Journal |
| spelling | doaj.art-26e61c346eb547e9bbb93b82bd01e2332022-12-21T22:12:22ZengRomanian Foundation for Business IntelligenceCross-Cultural Management Journal2286-04522019-06-01XXI15766cmj:y2019:i1:p57-66RELIGIOSITY AND FOREIGN DIRECT INVESTMENT: THE CASE OF ROMANIASebastian D. TOCAR0 Faculty of Economic and Business, University of Debrecen, Hungary This paper presents a quantitative approach to the analysis of the impact of cultural factors on Foreign Direct Investment (FDI). FDI is indispensable for the economic development of Eastern European countries, including Romania. In turn, FDI is determined by a multitude of factors, including cultural ones. Religiosity is an extremely important cultural factor since religion defines culture. However, the religious factor seems to be avoided in the context of FDI research. This study proposes an original reliable indicator designed to quantify religiosity –the Religiosity Index based on the review of literature in the field. This construct is analyzed as a cultural factor with an influence on FDI through simultaneous equations modeling. This allowed the author to identify the significant relationships in the multitude of bilateral and complex interrelations of FDI determinants. http://seaopenresearch.eu/Journals/articles/CMJ2019_I1_6.pdf InvestmentFDICultureInterculturalReligiositySimultaneous equations modelling |
| spellingShingle | Sebastian D. TOCAR RELIGIOSITY AND FOREIGN DIRECT INVESTMENT: THE CASE OF ROMANIA Cross-Cultural Management Journal Investment FDI Culture Intercultural Religiosity Simultaneous equations modelling |
| title | RELIGIOSITY AND FOREIGN DIRECT INVESTMENT: THE CASE OF ROMANIA |
| title_full | RELIGIOSITY AND FOREIGN DIRECT INVESTMENT: THE CASE OF ROMANIA |
| title_fullStr | RELIGIOSITY AND FOREIGN DIRECT INVESTMENT: THE CASE OF ROMANIA |
| title_full_unstemmed | RELIGIOSITY AND FOREIGN DIRECT INVESTMENT: THE CASE OF ROMANIA |
| title_short | RELIGIOSITY AND FOREIGN DIRECT INVESTMENT: THE CASE OF ROMANIA |
| title_sort | religiosity and foreign direct investment the case of romania |
| topic | Investment FDI Culture Intercultural Religiosity Simultaneous equations modelling |
| url |
http://seaopenresearch.eu/Journals/articles/CMJ2019_I1_6.pdf
|
| work_keys_str_mv | AT sebastiandtocar religiosityandforeigndirectinvestmentthecaseofromania |