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

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
Categories (categorize this paper)
DOI 10.1007/s10551-010-0399-z
Edit this record
Mark as duplicate
Export citation
Find it on Scholar
Request removal from index
Revision history

Download options

PhilArchive copy

Upload a copy of this paper     Check publisher's policy     Papers currently archived: 72,607
External links

Setup an account with your affiliations in order to access resources via your University's proxy server
Configure custom proxy (use this if your affiliation does not provide a proxy)
Through your library

References found in this work BETA

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.

View all 12 references / Add more references

Citations of this work BETA

Add more citations

Similar books and articles


Added to PP index

Total views
22 ( #518,018 of 2,533,662 )

Recent downloads (6 months)
1 ( #389,210 of 2,533,662 )

How can I increase my downloads?


My notes