ROLE OF CULTURAL DIFFERENCES IN FINANCIAL INVESTMENT DECISIONS

Edit Feher-Toma, Kenneth Agu Obinna and Maria Fekete Farkas

Economy & Business Journal, 2014, vol. 8, issue 1, 1014-1023

Abstract: Financing business is the most difficult question in our days. The flow of capital became essential not only in political and economical level, but also determines the social welfare. The working capital became more careful in selection its destination, while different business cultures and adaptation ability have special role. One of the most significant challenges facing managers is the increasing nature of cultural diversity in our business environment. Many companies are using “remote” accesses for operation, connecting to people of different cultures, different geography and different time zone. The paper is intended to give an overall view about the importance of cultural differences in business decisions. In reality, there are cultural clashes and conflicts that emerge while doing business in our domain and outside. The key challenges are how to manage these conflicts and still maintain objectives. Findings can emphasise the differences and ensure suggestions and thoughts for successful cooperation.

Keywords: financial investment; cultural differences; business decisions (search for similar items in EconPapers)
JEL-codes: A (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:isp:journl:v:8:y:2014:i:1:p:1014-1023

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