Nuria Ceular Villamandos
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The interaction between governance, social responsibility, and territorial attractiveness: an application of “the structural equation modeling approach”
Hosn el Woujoud Bousselmi , Lorena Caridad , Nuria Ceular Villamandos doi: http://dx.doi.org/10.21511/imfi.15(4).2018.20Investment Management and Financial Innovations Volume 15, 2018 Issue #4 pp. 239-257
Views: 1028 Downloads: 220 TO CITE АНОТАЦІЯThe purpose of this article is to present and test a conceptual framework that describes how the government’s commitment in improving corporate social responsibility (CSR) practices promotes the attraction of foreign direct investment (FDI) in Tunisia. As such, this conceptual framework inspires the existence of an interaction between the improvement of CSR practices by public policies (PP), and the attraction of FDI. In this regard, this study applied structural equation modeling (SEM) to empirically test this proposed model. It finds that the Tunisian government is valuing CSR and considering it as an investment. It presents examples of instruments, PP and tools that encourage to adopt CSR practices, thus, enhancing the attraction of FDI, which will have a positive impact on the growth of the country in terms of wealth creation, jobs and poverty reduction.