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Crossing Borders: Foreign Investment and Sentiment in Korea

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  • Inbin Hwang
  • Deokjong Jeong
  • Sunyoung Park

Abstract

This study examines the effect of global investor sentiment on capital inflows in the Korean stock and bond markets using textual analysis. First, we conclude that global investor sentiment about Korea causes fluctuations in capital inflows to the Korean stock market. Second, global investor sentiment about Korea causes foreign investors to modify their investments but not by enough to cause drastic changes. Third, positive sentiment about Asia-Pacific countries results in more foreign investment in Korea. The results suggest that research on global investor sentiment provides insight into the determinants of capital flows and has implications for capital flow management policies.

Suggested Citation

  • Inbin Hwang & Deokjong Jeong & Sunyoung Park, 2019. "Crossing Borders: Foreign Investment and Sentiment in Korea," Global Economic Review, Taylor & Francis Journals, vol. 48(2), pages 213-236, April.
    • Handle: RePEc:taf:glecrv:v:48:y:2019:i:2:p:213-236
    DOI: 10.1080/1226508X.2019.1587310
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