Religious freedom, religious diversity, and Japanese foreign direct investment

Eric Dolansky, Ilan Alon

Research output: Contribution to journalArticlepeer-review

19 Scopus citations


Research into the links between religion and foreign direct investment is scarce, partly because research on religion has not been the traditional domain of business and economics. Nevertheless, religion affects the economies, political structures, legal environments, and social behaviors of people around the world and is, therefore, an important element of the international business environments. Foreign direct investment (FDI) decisions are often made after an assessment of the international business environments. This article makes a singular contribution by focusing on the impact of religion - religious freedom and religious diversity - on the foreign direct investment of Japanese companies. We find that national income and religious diversity significantly influence Japanese decisions to invest.

Original languageEnglish
Pages (from-to)29-39
Number of pages11
JournalResearch in International Business and Finance
Issue number1
StatePublished - Jan 2008
Externally publishedYes


  • Diversity
  • Foreign direct investment (FDI)
  • Freedom
  • Japan
  • Religion


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