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

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 schol...

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Bibliographic Details
Published in:Journal of business ethics 2009-03, Vol.89 (Suppl 4), p.435-448
Main Authors: Nielsen, Tjai M., Riddle, Liesl
Format: Article
Language:English
Subjects:
attachment
behavioral finance
Business and Management
Business Ethics
Business strategies
Conflict
Corporate governance
Corporate social responsibility
Decision making
Diaspora
Diasporas
Economic investment
Economic motivation
Economics
Education
Emotions
Ethics
Financial investments
Foreign direct investment
Foreign investments
home bias
Investment
Investment decisions
investment motivation
Investment promotion
Investments
Investors
Management
Motivation
Motivation research
Peace
Peace building
peace through commerce
Philosophy
Portfolio management
Post-conflict societies
Quality of Life Research
Remittances
Riddles
social investment
Social responsibility
Strategic management
Transnationalism
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Summary: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.
ISSN:0167-4544
1573-0697
DOI:10.1007/s10551-010-0399-z