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The Impact of FDI and Financial Depth on EU Regional Growth: Income and Spatial Heterogeneity

Bruno, Randolph; Petrakou, Marialena; Phelps, Nick; (2023) The Impact of FDI and Financial Depth on EU Regional Growth: Income and Spatial Heterogeneity. Economic and Business Review , 25 (2) pp. 64-78. 10.15458/2335-4216.1325. Green open access

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Abstract

BACKGROUND AND OBJECTIVE: Wisdom and courage are positive psychological capacities. Presencing and absencing at work are novel employee attitudes and behaviours. The objective of this paper is to explore the impact of wisdom and courage on presencing and absencing at work, while also considering possible mediation through mindfulness. METHODS: This paper hypothesises that wisdom has a positive impact on presencing and a negative impact on absencing, while courage has a negative impact on presencing and a positive impact on absencing. We expect mindfulness mediates the aforementioned relationships. An analysis is performed on a sample of 274 employees in Slovenia by applying structural equation modelling. RESULTS: The test results have shown that wisdom has a negative impact on absencing at work, while courage has a positive impact on absencing at work. These impacts are mediated through mindfulness. The major weakness of this research design is a low sample size and the weak construct reliability of wisdom and courage. CONCLUSIONS: Wisdom and courage have opposing effects on presencing and absencing at work. Mindfulness is an important mediator. CONTRIBUTION/VALUE: This research contributes to positive organisational behaviour by showing that positive psychological capacities (i.e., wisdom, courage, mindfulness) are important predictors of employee presencing and absencing.

Type: Article
Title: The Impact of FDI and Financial Depth on EU Regional Growth: Income and Spatial Heterogeneity
Open access status: An open access version is available from UCL Discovery
DOI: 10.15458/2335-4216.1325
Publisher version: https://doi.org/10.15458/2335-4216.1318
Language: English
Additional information: This work is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 4.0 License.
Keywords: Positive organisational behaviour, Human virtues, Presencing, Absencing, Mindfulness
UCL classification: UCL
UCL > Provost and Vice Provost Offices > UCL SLASH
UCL > Provost and Vice Provost Offices > UCL SLASH > SSEES
URI: https://discovery.ucl.ac.uk/id/eprint/10174939
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