Does Culture have a Significant Role in Luring in Foreign Direct Investment to Amplify Market Existence in The Global Territory?
Journal Title: International Journal of Social Science And Human Research - Year 2024, Vol 7, Issue 09
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).
Authors and Affiliations
Md. Shakib Hossain
Keywords
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- EP ID EP746935
- DOI 10.47191/ijsshr/v7-i09-71
- Views 7
- Downloads 0
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