The influence of political and social globalisation on foreign direct investment inflow in developing countries: the role of financial development as a moderating factor / Marhamah Mohd Rafidi …[et al.]
This study presents the effect of political and social globalisation on Foreign Direct Investment (FDI) inflow in developing countries. The eminence of decomposed globalisation element in the FDI area is argued here. New insights into empirical evidence are offered by dropping economic globalisation...
Saved in:
| Main Authors: | , , , |
|---|---|
| Format: | Article |
| Language: | en |
| Published: |
Universiti Teknologi MARA
2021
|
| Subjects: | |
| Online Access: | https://ir.uitm.edu.my/id/eprint/49480/1/49480.pdf https://ir.uitm.edu.my/id/eprint/49480/ https://apmaj.uitm.edu.my/ |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| _version_ | 1833068939489312768 |
|---|---|
| author | Mohd Rafidi, Marhamah Said, Jamaliah Erum, Naila Abdol Ghapar, Farha |
| author_facet | Mohd Rafidi, Marhamah Said, Jamaliah Erum, Naila Abdol Ghapar, Farha |
| author_sort | Mohd Rafidi, Marhamah |
| building | Tun Abdul Razak Library |
| collection | Institutional Repository |
| content_provider | Universiti Teknologi Mara |
| content_source | UiTM Institutional Repository |
| continent | Asia |
| country | Malaysia |
| description | This study presents the effect of political and social globalisation on Foreign Direct Investment (FDI) inflow in developing countries. The eminence of decomposed globalisation element in the FDI area is argued here. New insights into empirical evidence are offered by dropping economic globalisation as one of the decomposed components. A panel data of 42 developing countries from 1984 until 2016 was used by applying the CSARDL approach. The study is also on the impact of political and social globalisation in developing countries by splitting them into two income stratification: Upper Middle-income Countries and Lower Middle-Income Countries by incorporating financial development as a moderating variable. It documents that political globalisation postulates a U-shaped relationship after addressing the Cross-Sectional Dependence (CD) problem, while social globalisation reverses the U-shaped relationship. It was found that political globalisation and social globalisation are conditional to the level of income rather than the overall developing countries’ stream. Besides, the prominent role of financial development in promoting FDI inflow, especially to income level, was observed. We suggest that developing countries should increase the capacity to absorb political and social globalisation in promoting FDI. |
| format | Article |
| id | my.uitm.ir-49480 |
| institution | Universiti Teknologi Mara |
| language | en |
| publishDate | 2021 |
| publisher | Universiti Teknologi MARA |
| record_format | eprints |
| spelling | my.uitm.ir-494802021-08-13T07:50:26Z https://ir.uitm.edu.my/id/eprint/49480/ The influence of political and social globalisation on foreign direct investment inflow in developing countries: the role of financial development as a moderating factor / Marhamah Mohd Rafidi …[et al.] Mohd Rafidi, Marhamah Said, Jamaliah Erum, Naila Abdol Ghapar, Farha Bank stocks. Banking as an investment Foreign investments. Country risk This study presents the effect of political and social globalisation on Foreign Direct Investment (FDI) inflow in developing countries. The eminence of decomposed globalisation element in the FDI area is argued here. New insights into empirical evidence are offered by dropping economic globalisation as one of the decomposed components. A panel data of 42 developing countries from 1984 until 2016 was used by applying the CSARDL approach. The study is also on the impact of political and social globalisation in developing countries by splitting them into two income stratification: Upper Middle-income Countries and Lower Middle-Income Countries by incorporating financial development as a moderating variable. It documents that political globalisation postulates a U-shaped relationship after addressing the Cross-Sectional Dependence (CD) problem, while social globalisation reverses the U-shaped relationship. It was found that political globalisation and social globalisation are conditional to the level of income rather than the overall developing countries’ stream. Besides, the prominent role of financial development in promoting FDI inflow, especially to income level, was observed. We suggest that developing countries should increase the capacity to absorb political and social globalisation in promoting FDI. Universiti Teknologi MARA 2021-04 Article PeerReviewed text en https://ir.uitm.edu.my/id/eprint/49480/1/49480.pdf The influence of political and social globalisation on foreign direct investment inflow in developing countries: the role of financial development as a moderating factor / Marhamah Mohd Rafidi …[et al.]. (2021) Asia-Pasific Management Accounting Journal <https://ir.uitm.edu.my/view/publication/Asia-Pasific_Management_Accounting_Journal/>, 16 (1): 5. pp. 298-322. ISSN 1675-3194 https://apmaj.uitm.edu.my/ |
| spellingShingle | Bank stocks. Banking as an investment Foreign investments. Country risk Mohd Rafidi, Marhamah Said, Jamaliah Erum, Naila Abdol Ghapar, Farha The influence of political and social globalisation on foreign direct investment inflow in developing countries: the role of financial development as a moderating factor / Marhamah Mohd Rafidi …[et al.] |
| title | The influence of political and social globalisation on foreign direct investment inflow in developing countries: the role of financial development as a moderating factor / Marhamah Mohd Rafidi …[et al.] |
| title_full | The influence of political and social globalisation on foreign direct investment inflow in developing countries: the role of financial development as a moderating factor / Marhamah Mohd Rafidi …[et al.] |
| title_fullStr | The influence of political and social globalisation on foreign direct investment inflow in developing countries: the role of financial development as a moderating factor / Marhamah Mohd Rafidi …[et al.] |
| title_full_unstemmed | The influence of political and social globalisation on foreign direct investment inflow in developing countries: the role of financial development as a moderating factor / Marhamah Mohd Rafidi …[et al.] |
| title_short | The influence of political and social globalisation on foreign direct investment inflow in developing countries: the role of financial development as a moderating factor / Marhamah Mohd Rafidi …[et al.] |
| title_sort | influence of political and social globalisation on foreign direct investment inflow in developing countries: the role of financial development as a moderating factor / marhamah mohd rafidi …[et al.] |
| topic | Bank stocks. Banking as an investment Foreign investments. Country risk |
| url | https://ir.uitm.edu.my/id/eprint/49480/1/49480.pdf https://ir.uitm.edu.my/id/eprint/49480/ https://apmaj.uitm.edu.my/ |
| url_provider | http://ir.uitm.edu.my/ |