Foreign ownership in Australian firms

Anil V. Mishra

Foreign ownership in Australian firms

Research output: Chapter in Book / Conference Paper › Conference Paper › peer-review

Abstract

This paper constructs free float adjusted foreign ownership measure for Australian firms over the period 2001 to 2009 and explores the determinants of foreign ownership. Foreigners prefer investing in large Australian firms, value firms with high book to market ratios, firms which are listed abroad and firms with domestic cross holdings. Foreign institutions are found to have significant holdings in Australian firms. Results are robust to various econometric estimation techniques.

Original language	English
Title of host publication	Proceedings of the 41st Australian Conference of Economists: The Future of Economics: Research, Policy and Relevance: 8-12 July 2012, Melbourne, Vic.
Publisher	Victoria University
Number of pages	27
ISBN (Print)	9781862726956
Publication status	Published - 2012
Event	Australian Conference of Economists - Duration: 8 Jul 2012 → …

Conference

Conference	Australian Conference of Economists
Period	8/07/12 → …

Keywords

foreign ownership
corporations
business enterprises
investments, foreign
Australia

Cite this

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title = "Foreign ownership in Australian firms",

abstract = "This paper constructs free float adjusted foreign ownership measure for Australian firms over the period 2001 to 2009 and explores the determinants of foreign ownership. Foreigners prefer investing in large Australian firms, value firms with high book to market ratios, firms which are listed abroad and firms with domestic cross holdings. Foreign institutions are found to have significant holdings in Australian firms. Results are robust to various econometric estimation techniques.",

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AB - This paper constructs free float adjusted foreign ownership measure for Australian firms over the period 2001 to 2009 and explores the determinants of foreign ownership. Foreigners prefer investing in large Australian firms, value firms with high book to market ratios, firms which are listed abroad and firms with domestic cross holdings. Foreign institutions are found to have significant holdings in Australian firms. Results are robust to various econometric estimation techniques.

KW - foreign ownership

KW - corporations

KW - business enterprises

KW - investments, foreign

KW - Australia

UR - http://handle.uws.edu.au:8081/1959.7/521659

M3 - Conference Paper

SN - 9781862726956

BT - Proceedings of the 41st Australian Conference of Economists: The Future of Economics: Research, Policy and Relevance: 8-12 July 2012, Melbourne, Vic.

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ER -

Foreign ownership in Australian firms

Abstract

Conference

Keywords

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