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Within-country religious diversity and the performance of private participation infrastructure projects

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  • Jiménez, Alfredo
  • Jiang, Guoliang Frank
  • Petersen, Bent
  • Gammelgaard, Jens

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.

Suggested Citation

  • Jiménez, Alfredo & Jiang, Guoliang Frank & Petersen, Bent & Gammelgaard, Jens, 2019. "Within-country religious diversity and the performance of private participation infrastructure projects," Journal of Business Research, Elsevier, vol. 95(C), pages 13-25.
    • Handle: RePEc:eee:jbrese:v:95:y:2019:i:c:p:13-25
    DOI: 10.1016/j.jbusres.2018.08.027
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