Does Culture have a Significant Role in Luring in Foreign Direct Investment to Amplify Market Existence in The Global Territory?
Year: 2024
Type: article
Abstract: Foreign companies want to explore new markets where market proliferation may be achievable in order to maximize market dominance and resource escalation; nonetheless, cultural inconsistencies and unfathomable disparities pose enormous hurdles for foreign companies. The primary goal of this study is to conceptualize globalization as a centrifugal process with de-escalating trade barriers in order to determine the cultural impact on foreign direct investment transfers across national borders. I used panel data for 62 countries in this fascinating analysis, focusing on South and Southeast Asia, Africa, and Europe between 2010 and 2023. To that end, I have explored the notion that culture inexorably plays a role in society by using the panels corrected standard errors (PCSE), feasible generic least squares method (FGLS), and random effect model (REM).
Author: Md. Shakib Hossain,
Institution: East West University
Language: English
Subfield: Strategy and Management
Domain: Social Sciences
Open Access status: hybrid
OpenAlex ID: W6911869311
FWCI:
Cites:
Cited by:
Related to: