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Role Of Cultural Differences In Financial Investment Decisions

Author

Listed:
  • Edit Feher-Toma
  • Kenneth Agu Obinna
  • Maria Fekete Farkas

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.

Suggested Citation

  • Edit Feher-Toma & Kenneth Agu Obinna & Maria Fekete Farkas, 2014. "Role Of Cultural Differences In Financial Investment Decisions," Economy & Business Journal, International Scientific Publications, Bulgaria, vol. 8(1), pages 1014-1023.
    • Handle: RePEc:isp:journl:v:8:y:2014:i:1:p:1014-1023
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    References listed on IDEAS

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    1. J. Angus Gillon & Lynne Pearson, 2004. "International Business Cultures," Palgrave Macmillan Books, in: Developing Strategies for International Business, chapter 3, pages 26-43, Palgrave Macmillan.
    2. Arjun Bhardwaj & Joerg Dietz & Paul W. Beamish, 2007. "Host country cultural influences on foreign direct investment," Management International Review, Springer, vol. 47(1), pages 29-50, February.
    3. Franzke, Stefanie A. & Grohs, Stefanie & Laux, Christian, 2003. "Initial public offerings and venture capital in Germany," CFS Working Paper Series 2003/26, Center for Financial Studies (CFS).
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    Cited by:

    1. Tamas Koplyay & Maria Fekete-Farkas & Doug Lloyd & Edit Feher-Toma, 2016. "A Review Of Stakeholder Dynamics," Polish Journal of Management Studies, Czestochowa Technical University, Department of Management, vol. 14(1), pages 140-151, December.

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    More about this item

    Keywords

    financial investment; cultural differences; business decisions;
    All these keywords.

    JEL classification:

    • A - General Economics and Teaching

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