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Manufacturing Industry Competitiveness: the impact of socio-cultural factors on FDI inflows to Nigeria since 2000

Ifeanyi, Michael E., Osseo-Asare, Augustus E. and Origho, Oghenetega (2015) Manufacturing Industry Competitiveness: the impact of socio-cultural factors on FDI inflows to Nigeria since 2000. In: Academy of International Business (AIB) US-W Conference, 22-25 October 2015, University of Washington, Seattle, Washington, USA. (Unpublished)

Item Type: Conference or Workshop Item (Paper)

Abstract

The level of investment is a key driver in helping Multinational enterprises (MNEs) face the challenges of today’s fast and dynamic 21st Century global business environment. Prior studies reveal a significant decline in manufacturing industry output and its contribution to gross domestic product (GDP) in Nigeria since the mid-1970s. We use Dunning’s foreign direct investment (FDI) motives as basis for examining the impact of socio-cultural factors on FDI inflows to the Nigerian manufacturing industry since 2000. Between 2011 and 2015, we carried out a Questionnaire Survey of 925 respondents in Nigeria. The data analysis reveals that since 2000, the lack of a coherent and consistent ‘child protection mechanisms’ coupled with the lack of ‘consensus building on individual security matters’ led to a significant decline in FDI inflows to the Nigerian manufacturing sector. A key limitation of this study is the fact that, it does not critically address the strategic impact of the current Boko Haram insurgence in Nigeria; as such an area for further research would use Qualitative methods to examine the impact of child protection, gender inequality and ethnic tensions on FDI into the Nigerian manufacturing industry.

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More Information

Uncontrolled Keywords: Keywords: Manufacturing Industry Competitiveness; Socio-cultural factors; FDI inflows; Nigeria.
Related URLs:
Depositing User: Augustus Osseo-Asare Jr

Identifiers

Item ID: 5885
URI: http://sure.sunderland.ac.uk/id/eprint/5885

Users with ORCIDS

Catalogue record

Date Deposited: 22 Jan 2016 11:20
Last Modified: 18 Dec 2019 15:38

Contributors

Author: Michael E. Ifeanyi
Author: Augustus E. Osseo-Asare
Author: Oghenetega Origho

University Divisions

Faculty of Business, Law and Tourism
Faculty of Business, Law and Tourism > Sunderland Business School

Subjects

Business and Management > International Business

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