Within-country religious diversity and the performance of private participation infrastructure projects
Guoliang Frank Jiang,
Bent Petersen and
Journal of Business Research, 2019, vol. 95, issue C, 13-25
This paper investigates the impact of within-country religious diversity on the performance of private participation infrastructure projects. Our analysis of 8139 projects in 33 countries (1990–2014) shows that higher levels of within-country religious diversity are associated with a higher risk of project failure. This negative effect is exacerbated in greenfield projects and when a project's main sponsor is a foreign firm. In contrast, we find no moderation effect for local government ownership. The study contributes to the ongoing debate regarding the effects of within-country diversity on foreign business ventures.
Keywords: Within-country religious diversity; Private participation infrastructure project; Multinational enterprise (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:jbrese:v:95:y:2019:i:c:p:13-25
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