Volume 07 Issue 09 September 2024
Md. Shakib Hossain
Senior Lecturer, Department of Business Administration, East West University, Bangladesh
DOI : https://doi.org/10.47191/ijsshr/v7-i09-71Google Scholar Download Pdf
ABSTRACT
Foreign companies want to explore new markets where market proliferation may be achievable in order to maximize market dominance and resource escalation; nonetheless, cultural inconsistencies and unfathomable disparities pose enormous hurdles for foreign companies. The primary goal of this study is to conceptualize globalization as a centrifugal process with de-escalating trade barriers in order to determine the cultural impact on foreign direct investment transfers across national borders. I used panel data for 62 countries in this fascinating analysis, focusing on South and Southeast Asia, Africa, and Europe between 2010 and 2023. To that end, I have explored the notion that culture inexorably plays a role in society by using the panels corrected standard errors (PCSE), feasible generic least squares method (FGLS), and random effect model (REM).
KEYWORDS:Centrifugal, foreign direct investment, panels corrected standard errors, feasible generic least squares method, random effect model
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