University of Khartoum

Foreign Direct Investment in Sudan and its Impact on Business and Management Practices

Foreign Direct Investment in Sudan and its Impact on Business and Management Practices

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Title: Foreign Direct Investment in Sudan and its Impact on Business and Management Practices
Author: Tomsah, Nasreldin Mohammed Hamad
Abstract: The study aims at exploring and investigating the impacts of Foreign Direct Investment (FDI) on management practices in local firms through the study of banking sector in Sudan, which happen through transferring of capital, technology and human resources management. The study uses the quantitative technique and a descriptive statistic method by designing a questionnaire for stratified sample representing8 commercial banks on the basis of the study population, which consisted of 3 foreign and 5 local banks. The study covered 80 managers at the headquarters of selected banks for both the foreign and local banks. The study uses Information and Communication Technology (ICT) application and Human Resources Management (HRM) practices as measurements for management practices in banking sector. The ICT application as a measurement of management practices has been measured by electronic banking services, computerized banking operations, and the extent to which these banks are compliant with the international standards. This is while the HRM practices in the banking sector have been measured by capacity building factors as well as the performance evaluation and its association with incentives and monetary bonuses. Using the Ordinary Least Squire (OLS), a multiple regression model between ICT applied in the foreign banks and the ICT applied in the local banks has been run. Another simple regression has been run between HRM practices in foreign banks and HRM practices in local banks. The study reveals that, there is a positive relationship between the application of ICT in the foreign banks and ICT application in the local banks emphasizing a positive relationship between HRM practices in the foreign banks and HRM practices in the local banks also, which indicates that FDI has a positive impacts on management practices in the banking sector and Sudanese local firms. Since the FDI is so significant, the study recommends attracting more FDI, which raise the process of development and progress of management practices in local firms. The study also recommends that the interaction between foreign and local firms is a necessary condition for maintaining the competitiveness and enhancing the application of a latest management practices. The study emphasizes the necessity of entering this foreign capital in order to increase the local firms’ efficiency and enhance the competition, which can create conducive environment for local firm development.
URI: http://khartoumspace.uofk.edu/123456789/25029


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