Religion and foreign direct investment

Cited 0 time in webofscience Cited 0 time in scopus
  • Hit : 41
  • Download : 0
This study examines the effect of religion on foreign direct investment (FDI). Using a large sample of directional FDI flows and religious data between 1985 and 2019, we calculate the religious distance between home and host countries and find that FDI flows are smaller for country pairs with greater religious distance. This finding remains intact after a host of variables affecting FDI are controlled. Moreover, the negative effect of religious differences is less pronounced if the host country has higher religious diversity or both countries have a bilateral investment treaty (BIT) in force. Finally, we construct a country-level measure for religiosity and find an asymmetric effect of religiosity on FDI flows. Overall, our study suggests that both religious differences and the level of religiosity play important roles in explaining international FDI flows. (JEL F21, F41, Z12)
Publisher
ELSEVIER
Issue Date
ACCEPT
Language
English
Citation

INTERNATIONAL BUSINESS REVIEW

ISSN
0969-5931
DOI
10.1016/j.ibusrev.2022.102035
URI
http://hdl.handle.net/10203/299187
Appears in Collection
MT-Journal Papers(저널논문)
Files in This Item
There are no files associated with this item.

qr_code

  • mendeley

    citeulike


rss_1.0 rss_2.0 atom_1.0