The Impact of FDI on International Portfolio Investments

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http://urn.fi/URN:ISBN:951-555-759-3
Titel: The Impact of FDI on International Portfolio Investments
Author: Al-Khail, Mohammed Aba
Medarbetare: Svenska handelshögskolan, Institutionen för finansiell ekonomi och ekonomisk statistik, finansiell ekonomi
Tillhör serie: Working Papers - 482
ISSN: 0357-4598
ISBN: 951-555-759-3
Abstrakt: Some empirical research has argued that part of the reason for the observed "home bias" is that investors are able to indirectly achieve internationally diversified portfolios via domestically listed multinational firms. Another branch of this research attributes the "home bias" and country allocations to more deeply rooted informational causes. Using a four-year annual panel of Finnish international portfolios and Foreign Direct Investments in twenty-five countries, I provide evidence consistent with an information asymmetry explanationSome empirical research has argued that part of the reason for the observed "home bias" is that investors are able to indirectly achieve internationally diversified portfolios via domestically listed multinational firms. Another branch of this research attributes the "home bias" and country allocations to more deeply rooted informational causes. Using a four-year annual panel of Finnish international portfolios and Foreign Direct Investments in twenty-five countries, I provide evidence consistent with an information asymmetry explanation
Permanenta länken (URI): http://hdl.handle.net/10227/174
URN:ISBN:951-555-759-3
Datum: 2002
Subject: portfolio choice
international investments
multinational firms
information asymmetry
Rights: Publikationen är skyddad av upphovsrätten. Den får läsas och skrivas ut för personligt bruk. Användning i kommersiellt syfte är förbjuden.


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