Investing in Peace: The Motivational Dynamics of Diaspora Investment in Post-Conflict Economies

Investing in Peace: The Motivational Dynamics of Diaspora Investment in Post-Conflict Economies
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投资和平:冲突后经济体侨民投资的动力

DOI:
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发表时间:
2009
期刊:
影响因子:
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通讯作者:
Liesl Riddle
Liesl Riddle
中科院分区:
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文献类型:
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作者:
Tjai M. Nielsen;Liesl Riddle

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冲突后经济体往往令外国投资者望而却步。其中许多国家正在向侨民、移民及其居住在国外的后代伸出援手,以获取急需的外国投资资本。对于侨民为什么要在原籍国投资,人们知之甚少。最近有关投资决策的学术调查表明,非金钱的心理担忧往往会激发投资决策。我们开发了一个概念模型,确定了三种类型的投资回报预期——财务、情感和与社会地位相关的投资回报预期——这可能会激发侨民的投资兴趣。我们认为,侨民经历的心理现实和社会地位结构使非金钱投资动机更加突出,特别是当原籍国刚刚摆脱冲突时期时。我们概述了未来研究的议程,并讨论了我们的模型对寻求利用侨民投资促进和平的政策的影响。
Post-conflict economies often prove daunting for foreign investors. Many of these nations are reaching out to diasporans, emigrants, and their descendants living abroad, for much-needed foreign investment capital. Little is known about why diasporans invest in their countries of origin. Recent scholarly inquiry regarding investment decision making has suggested that non-pecuniary, psychological concerns often motivate investment decisions. We develop a conceptual model identifying three types of investment return expectations – financial, emotional, and those related to social status – that may drive diaspora investment interest. We contend that the psychological realities and social-status structure of the diaspora experience generate greater salience for non-pecuniary investment motivations, particularly when the origin country emerges from a period of conflict. We outline an agenda for future research and discuss the implications of our model for policies seeking to promote peace utilizing diaspora investment.