International investment patterns: evidence using a new dataset

Article

Mishra, Anil V.. 2006. "International investment patterns: evidence using a new dataset." Research in International Business and Finance. 21 (2), pp. 342-360. https://doi.org/10.1016/j.ribaf.2006.09.002
Article Title

International investment patterns: evidence using a new dataset

ERA Journal ID19591
Article CategoryArticle
Authors
AuthorMishra, Anil V.
Journal TitleResearch in International Business and Finance
Journal Citation21 (2), pp. 342-360
Number of Pages19
Year2006
Place of PublicationAmsterdam
ISSN0275-5319
1878-3384
Digital Object Identifier (DOI)https://doi.org/10.1016/j.ribaf.2006.09.002
Web Address (URL)https://www.sciencedirect.com/science/article/abs/pii/S0275531906000493
Abstract

This paper examines the bilateral, source and host factors driving portfolio equity investment across a set of countries using International Monetary Fund’s new dataset on international equity holdings at the end of 1997, 2001 and 2002.

This paper finds that the bilateral equity investment is strongly correlated with the underlying patterns of trade in goods and services. The information asymmetries and cultural-institutional proximity are important for bilateral equity investment. The size of domestic stock market is the key correlate of aggregate foreign portfolio equity asset and liability holdings. The scale of aggregate foreign equity asset holdings is larger for richer countries.

Keywordsinternational portfolio equity investment; source and host country factors; trade
ANZSRC Field of Research 2020350208. Investment and risk management
440603. Economic geography
380110. International economics
Byline AffiliationsSchool of Accounting, Economics and Finance
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