International investment patterns : evidence using a new dataset

Anil V. Mishra; Kevin James Daly; Tom J. Valentine; Craig Ellis

International investment patterns : evidence using a new dataset

Anil V. Mishra, Kevin James Daly, Tom J. Valentine, Craig Ellis

Research output: Chapter in Book / Conference Paper › Conference Paper

Abstract

This paper examines the bilateral, source and host factors driving portfolio equity investment across countries, using International Monetary Fund's new dataset on international equity holdings at the end of 1997, 2001 and 2002. This paper illustrates a model that links bilateral equity holdings to bilateral trade in goods and services. This paper finds that the bilateral equity investment is strongly correlated with the underlying patterns of trade in goods and services. 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 countries having more per capita income.

Original language	English
Title of host publication	Proceedings of the 3rd Financial Markets Asia-Pacific Conference 2005
Publisher	University of Western Sydney
Number of pages	1
ISBN (Print)	1741080967
Publication status	Published - 2005
Event	Financial Markets Asia-Pacific Conference - Duration: 1 Jan 2005 → …

Conference

Conference	Financial Markets Asia-Pacific Conference
Period	1/01/05 → …

Keywords

portfolio management
investments, foreign
investment analysis
stock exchanges
host countries (business)

Cite this

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title = "International investment patterns : evidence using a new dataset",

abstract = "This paper examines the bilateral, source and host factors driving portfolio equity investment across countries, using International Monetary Fund's new dataset on international equity holdings at the end of 1997, 2001 and 2002. This paper illustrates a model that links bilateral equity holdings to bilateral trade in goods and services. This paper finds that the bilateral equity investment is strongly correlated with the underlying patterns of trade in goods and services. 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 countries having more per capita income.",

keywords = "portfolio management, investments, foreign, investment analysis, stock exchanges, host countries (business)",

author = "Mishra, {Anil V.} and Daly, {Kevin James} and Valentine, {Tom J.} and Craig Ellis",

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T1 - International investment patterns : evidence using a new dataset

AU - Mishra, Anil V.

AU - Daly, Kevin James

AU - Valentine, Tom J.

AU - Ellis, Craig

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N2 - This paper examines the bilateral, source and host factors driving portfolio equity investment across countries, using International Monetary Fund's new dataset on international equity holdings at the end of 1997, 2001 and 2002. This paper illustrates a model that links bilateral equity holdings to bilateral trade in goods and services. This paper finds that the bilateral equity investment is strongly correlated with the underlying patterns of trade in goods and services. 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 countries having more per capita income.

AB - This paper examines the bilateral, source and host factors driving portfolio equity investment across countries, using International Monetary Fund's new dataset on international equity holdings at the end of 1997, 2001 and 2002. This paper illustrates a model that links bilateral equity holdings to bilateral trade in goods and services. This paper finds that the bilateral equity investment is strongly correlated with the underlying patterns of trade in goods and services. 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 countries having more per capita income.

KW - portfolio management

KW - investments, foreign

KW - investment analysis

KW - stock exchanges

KW - host countries (business)

UR - http://handle.uws.edu.au:8081/1959.7/44913

M3 - Conference Paper

SN - 1741080967

BT - Proceedings of the 3rd Financial Markets Asia-Pacific Conference 2005

PB - University of Western Sydney

T2 - Financial Markets Asia-Pacific Conference

Y2 - 1 January 2005

ER -

International investment patterns : evidence using a new dataset

Abstract

Conference

Keywords

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