Where do Australians invest?

Article

Mishra, Anil and Daly, Kevin. 2006. "Where do Australians invest?" The Australian Economic Review. 39 (1), pp. 47-59. https://doi.org/10.1111/j.1467-8462.2006.00395.x
Article Title

Where do Australians invest?

ERA Journal ID18190
Article CategoryArticle
AuthorsMishra, Anil (Author) and Daly, Kevin (Author)
Journal TitleThe Australian Economic Review
Journal Citation39 (1), pp. 47-59
Number of Pages13
Year2006
Place of PublicationAustralia
ISSN0004-9018
1467-8462
Digital Object Identifier (DOI)https://doi.org/10.1111/j.1467-8462.2006.00395.x
Web Address (URL)http://www.blackwell-synergy.com/doi/pdf/10.1111/j.1467-8462.2006.00395.x
Abstract

In this article, we analyse the geography of Australia’s international portfolio investment using the International Monetary Fund’s Coordinated Portfolio Investment Survey dataset. Preliminary results suggest that Australia’s external holdings of equity and debt as a percentage of national income almost doubled between 1997 and 2001. However, Australia’s international investment position as a percentage of national income is one of the lowest amongst the major OECD countries. In 2001 approximately two-thirds of Australia’s total investments were in the United States and the United Kingdom. By contrast Australia’s trade share (exports plus imports as a percentage of Australia’s total world trade) with these countries was approximately 20 per cent in the same year. The major determinants of Australia’s
geographical allocation of portfolio investment indicate a broad correspondence between stock market capitalisation of destination countries and the allocation of Australian financial investments but with some deviations from that baseline, where the deviations are correlated with Australian trade patterns.

Keywordscoordinated portfolio investment survey; accounting; standards; invest; investment; investments; Australia; banks; finance; portfolio
ANZSRC Field of Research 2020350208. Investment and risk management
380110. International economics
380107. Financial economics
Public Notes

Files associated with this item cannot be displayed due to copyright restrictions.

Byline AffiliationsUniversity of Western Sydney
Permalink -

https://research.usq.edu.au/item/9y368/where-do-australians-invest

Log in to edit

Download files

Submitted Version
Mishra_Daly_Where_do_Australians_invest_Journal_article_Author's_version.pdf
File access level: Anyone

Other Documentation
Mishra_Daly_Awaiting_Publisher's_Advice_3_August_2007.pdf
File access level: Anyone

  • 1898
    total views
  • 149
    total downloads
  • 0
    views this month
  • 0
    downloads this month

Export as

Related outputs

International comparisons of Australia's investment and trading position
Daly, Kevin and Mishra, Anil V.. 2006. "International comparisons of Australia's investment and trading position." Journal of Investment Strategy. 1 (3), pp. 45-50.
Where do Australians invest?
Mishra, Anil V. and Daly, Kevin. 2004. "Where do Australians invest?" Hoque, Mohammad Ziaul (ed.) 4th International Business Research Conference. Melbourne, Australia 15 - 16 Nov 2004 Melbourne, Australia.
Australia's equity home bias and real exchange rate volatility
Mishra, Anil V.. 2008. "Australia's equity home bias and real exchange rate volatility." 16th Annual Conference on Pacific Basin Finance, Economics, Accounting and Management (PBFEAM 2008). Brisbane, Australia 02 - 04 Jul 2008 Brisbane, Australia.
Australia's equity home bias
Mishra, Anil V.. 2008. "Australia's equity home bias." Australian Economic Papers. 47 (1), pp. 53-73. https://doi.org/10.1111/j.1467-8454.2008.00329.x
Australia's equity home bias and corporate governance
Mishra, Anil V.. 2007. "Australia's equity home bias and corporate governance." Davis, Kevin (ed.) 12th Finsia-Melbourne Centre for Financial Studies Banking and Finance Conference: Developments in Financial Services: Theory Meets Practice. Melbourne, Australia 24 - 25 Sep 2007 Melbourne, Australia.
Multi-country empirical investigation into international financial integration
Mishra, Anil and Daly, Kevin. 2006. "Multi-country empirical investigation into international financial integration." 3rd Financial Markets Asia-Pacific Conference. Sydney, Australia 26 - 27 May 2005 United Kingdom. https://doi.org/10.1080/13547860600923775
Australian investors' home bias in portfolio equity investment
Mishra, Anil V.. 2006. "Australian investors' home bias in portfolio equity investment." MacDonald, Garry (ed.) 35th Australian Conference of Economists (ACE 2006). Perth, Australia 25 - 27 Sep 2006 Curtin University of Technology, Perth, Western Australia.
International investment patterns: evidence using a new dataset
Mishra, Anil V.. 2005. "International investment patterns: evidence using a new dataset." Valentine, Tom (ed.) 3rd Financial Markets Asia-Pacific Conference. Sydney, Australia 26 - 27 May 2005
International investors' home bias in portfolio equity investment
Mishra, Anil V.. 2007. "International investors' home bias in portfolio equity investment." Walker, Gordon (ed.) 14th Global Finance Conference. Melbourne 01 - 04 Apr 2007 Melbourne, Australia.
Effect of quality of institutions on outward foreign direct investment
Mishra, Anil and Daly, Kevin. 2007. "Effect of quality of institutions on outward foreign direct investment." The Journal of International Trade and Economic Development: an international and comparative review. 16 (2), pp. 231-244. https://doi.org/10.1080/09638190701325573
International investment patterns: evidence using a new dataset
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