Sustainable development and enterprise: do foreign investors care

Syed, Zeeshan Ali and Eskandari, Rasol and Yazdifar, Hassan and Ogundele, Babafemi Opeyemi (2024) Sustainable development and enterprise: do foreign investors care. Journal for International Business and Entrepreneurship Development, 15 (4). pp. 550-572. ISSN 1549-9324

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Abstract

Do foreign investors care about promoting sustainable entrepreneurship and development? We find little evidence indicating that they do care. Our findings suggest foreign investors prefer nations with less punitive carbon emission regimes. Another worrying trend is a negative relationship between educational parity and foreign investment inflows. This counterintuitive relationship shows that foreign investors care more about cost-benefit considerations than their moral duty of investing in greener industries and sectors. Using panel data from five countries for a sample period of 19 years, we find that the higher costs of meeting sustainability goals act as a detriment to foreign investors. This shows that governments must take the initiative and pay the upfront costs to develop the infrastructure for sustainable entrepreneurial activities.

Item Type:	Article
Identification Number:	10.1504/JIBED.2023.138091
Dates:	Date Event 1 April 2024 Accepted 29 April 2024 Published Online
Uncontrolled Keywords:	sustainable entrepreneurship, foreign direct investment, FDI, sustainable development goals, SDG, gender parity
Subjects:	CAH17 - business and management > CAH17-01 - business and management > CAH17-01-08 - accounting
Divisions:	Faculty of Business, Law and Social Sciences > College of Accountancy, Finance and Economics
Depositing User:	Gemma Tonks
Date Deposited:	16 May 2025 15:27
Last Modified:	16 May 2025 15:27
URI:	https://www.open-access.bcu.ac.uk/id/eprint/16366

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