Journal of Business Ethics 89 (S4):435 - 448 (2009)

Abstract
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
Keywords investment motivation  conflict  peace through commerce  diaspora  social investment  behavioral finance  emotions  home bias  attachment  investment promotion
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DOI 10.1007/s10551-010-0399-z
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On the Psychology of Prediction.Daniel Kahneman & Amos Tversky - 1973 - Psychological Review 80 (4):237-251.
Gifts and Exchanges.Kenneth J. Arrow - 1972 - Philosophy and Public Affairs 1 (4):343-362.

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