International Scientific Publications
© 2017 Science Events Ltd
Terms of use
Choose language English French Russian Bulgarian

Economy & Business, Volume 8, 2014

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: 1653
Downloads: 785
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
Download full text

Back to the contents of the volume