The Impact of Social Norms on Foreign Direct Investments

Vlad Ioana Maria ()
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Vlad Ioana Maria: Babes-Bolyai University, Romania

Studia Universitatis Babeș-Bolyai Oeconomica, 2024, vol. 69, issue 2, 13-25

Abstract: This study examines the impact of social norms, measured through the Cultural Tightness-Looseness (CTL) index, on foreign direct investments (FDI) across 67 countries. I aimed to highlight a new approach from the sphere of cultural influences on bilateral FDI flows and to demonstrate the direct connection between the strictness imposed by a country’s social norms and the investment decisions based on them. The results obtained were in line with the initial expectations, validating the level of constraint/permissiveness as a truly influential factor in relation to foreign direct investments.

Keywords: foreign direct investment; cultural tightness-looseness; economic growth (search for similar items in EconPapers)
JEL-codes: F21 G11 G15 Z10 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:subboe:v:69:y:2024:i:2:p:13-25:n:1002

DOI: 10.2478/subboec-2024-0007

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