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
复制标题
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
中科院分区:
文献类型:
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作者:
Tjai M. Nielsen;Liesl Riddle
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.