Factors Affecting The Investment Climate For An International Financial Center In Kuwait

Abstract

<span style="font-family: Times New Roman; font-size: small;"> </span><p style="margin: 0in 0.5in 0pt; text-align: justify; mso-pagination: none;" class="MsoNormal"><span style="color: black; font-size: 10pt; mso-themecolor: text1;"><span style="font-family: Times New Roman;">In recent years, an increasing worldwide interest in developing a competitive international financial center (IFC) raises the important issue of identifying the factors or elements of the investment climate of an IFC.<span style="mso-spacerun: yes;"> </span>Drawing on the theories and literature of financial intermediation, innovation, governance, social relationships, and information in IFCs, the authors develop five hypotheses and examine them using a survey of 20</span><a name="_GoBack"></a><span style="font-family: Times New Roman;">0 MBA students at a private university in Kuwait.<span style="mso-spacerun: yes;"> </span>The findings obtained from conducting a hierarchical linear regression indicate that finance and innovation are positively and significantly related to the investment climate in an IFC.<span style="mso-spacerun: yes;"> </span>Implications for theory and practice, and areas of further research are made.</span></span></p><span style="font-family: Times New Roman; font-size: small;"> </span>