ROLE OF CULTURAL DIFFERENCES IN FINANCIAL INVESTMENT DECISIONS
Edit Feher-Toma, Kenneth Agu Obinna, Maria Fekete Farkas
Pages: 1014-1023 Published: 29 Aug 2014
Views: 2,357 Downloads: 1,333
Abstract: Financing business is the most difficult question in our days. The flow of capital became essential not only in political and economical level, but also determines the social welfare. The working capital became more careful in selection its destination, while different business cultures and adaptation ability have special role. One of the most significant challenges facing managers is the increasing nature of cultural diversity in our business environment. Many companies are using “remote” accesses for operation, connecting to people of different cultures, different geography and different time zone. The paper is intended to give an overall view about the importance of cultural differences in business decisions. In reality, there are cultural clashes and conflicts that emerge while doing business in our domain and outside. The key challenges are how to manage these conflicts and still maintain objectives. Findings can emphasise the differences and ensure suggestions and thoughts for successful cooperation.
Keywords: financial investment, cultural differences, business decisions