Business School, Jilin University, Changchun 130012, China.
Int J Environ Res Public Health. 2022 Jan 5;19(1):607. doi: 10.3390/ijerph19010607.
The influence of the social environment on healthy investment behavior is a vital research topic. This paper focuses on foreign direct investment (FDI) as an important part of its broad impact in improving the level of capital circulation and diversifying the non-systemic risk of a single country portfolio. Using data from 35 countries on direct investment in China, we find that the impact of the social environment on healthy investment behavior is mainly reflected in investors' resistance to cultural distance and their benefit compensation across institutional distance. In addition, their joint influence is still negative, dominated by cultural distance, which can still verify that institutional distance mitigates the negative effect of cultural distance on FDI. Therefore, in order to promote international healthy investment behavior, it is feasible to improve both the mitigation effect of the institution in the short term and promote the level of cultural exchange in the long term, according to the research results of this paper.
社会环境对健康投资行为的影响是一个重要的研究课题。本文以外国直接投资（FDI）为重点，研究其在提高资本流通水平和分散单一国家投资组合非系统性风险方面的广泛影响。本文利用来自 35 个国家在中国的直接投资数据，发现社会环境对健康投资行为的影响主要体现在投资者对文化距离的抵抗力和他们在制度距离方面的利益补偿上。此外，它们的共同影响仍然是负面的，主要受文化距离的影响，这仍然可以验证制度距离缓解了文化距离对外国直接投资的负面影响。因此，根据本文的研究结果，为了促进国际健康投资行为，在短期内提高制度的缓解效应，并在长期内促进文化交流水平，是可行的。
