International investment patterns: evidence using a new dataset
Article
Article Title | International investment patterns: evidence using a new dataset |
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ERA Journal ID | 19591 |
Article Category | Article |
Authors | |
Author | Mishra, Anil V. |
Journal Title | Research in International Business and Finance |
Journal Citation | 21 (2), pp. 342-360 |
Number of Pages | 19 |
Year | 2006 |
Place of Publication | Amsterdam |
ISSN | 0275-5319 |
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. |
Keywords | international portfolio equity investment; source and host country factors; trade |
ANZSRC Field of Research 2020 | 350208. Investment and risk management |
440603. Economic geography | |
380110. International economics | |
Byline Affiliations | School of Accounting, Economics and Finance |
https://research.usq.edu.au/item/9y13y/international-investment-patterns-evidence-using-a-new-dataset
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