Abstract
This paper investigates the impact of within-country religious diversity on the performance of private participation infrastructure projects. Our analysis of 8139 projects in 33 countries (1990–2014) shows that higher levels of within-country religious diversity are associated with a higher risk of project failure. This negative effect is exacerbated in greenfield projects and when a project's main sponsor is a foreign firm. In contrast, we find no moderation effect for local government ownership. The study contributes to the ongoing debate regarding the effects of within-country diversity on foreign business ventures.
Original language | English |
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Journal | Journal of Business Research |
Volume | 95 |
Pages (from-to) | 13-25 |
Number of pages | 13 |
ISSN | 0148-2963 |
DOIs | |
Publication status | Published - Feb 2019 |
Bibliographical note
Published online: 6. October 2018Keywords
- Within-country religious diversity
- Private participation infrastructure project
- Multinational enterprise