Friend or Foe? Foreign investors and the liquidity of six Asian markets
| dc.contributor.author | Agudelo, Diego A. | |
| dc.coverage.spatial | Medellín de: Lat: 06 15 00 N degrees minutes Lat: 6.2500 decimal degrees Long: 075 36 00 W degrees minutes Long: -75.6000 decimal degrees | eng |
| dc.creator.email | dagudelo@eafit.edu.co | spa |
| dc.date.accessioned | 2013-03-20T13:14:36Z | |
| dc.date.available | 2013-03-20T13:14:36Z | |
| dc.date.issued | 2010-07-15 | |
| dc.description.abstract | Studying Foreign flows and the liquidity of six Asian markets we provide evidence of two empirical regularities: On the one hand, foreign trade has a negative but transitory impact on the overall liquidity of the market on a daily basis. This finding is shown consistent with two hypotheses: that foreign investors demand liquidity more aggressively than locals, and, to a lesser extent, that foreigners incorporate market-wide information. On the other hand, the overall share of foreign ownership in the market is positively related to improved liquidity, as shown in a sample of emerging markets, after controlling for a set of confounding factors. Overall, the results portray foreign investors as aggressive liquidity demanding, and nevertheless having a positive effect on the liquidity in short horizons | eng |
| dc.identifier.uri | http://hdl.handle.net/10784/651 | |
| dc.language.iso | eng | eng |
| dc.publisher | Universidad EAFIT | spa |
| dc.publisher.department | Escuela de Economía y Finanzas | spa |
| dc.rights.accessrights | info:eu-repo/semantics/openAccess | eng |
| dc.rights.local | Acceso abierto | spa |
| dc.subject.keyword | Foreing investors | eng |
| dc.subject.keyword | Asian markets | eng |
| dc.subject.keyword | Liquidity | eng |
| dc.subject.keyword | Emerging | eng |
| dc.title | Friend or Foe? Foreign investors and the liquidity of six Asian markets | eng |
| dc.type | workingPaper | eng |
| dc.type | info:eu-repo/semantics/workingPaper | eng |
| dc.type.hasVersion | draft | eng |
| dc.type.local | Documento de trabajo de investigación | spa |
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