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Foreign ownership in Australian firms

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  • Mishra, Anil V.

Abstract

This paper constructs free float adjusted foreign ownership measure for Australian firms over the period 2001–2009 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.

Suggested Citation

  • Mishra, Anil V., 2013. "Foreign ownership in Australian firms," Research in International Business and Finance, Elsevier, vol. 28(C), pages 1-18.
    • Handle: RePEc:eee:riibaf:v:28:y:2013:i:c:p:1-18
    DOI: 10.1016/j.ribaf.2012.09.002
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    Cited by:

    1. Dezie L. Warganegara, 2018. "The Effects of Firm-Level Investability Sizes on Foreign Ownership in Indonesian Public Firms," Asia-Pacific Financial Markets, Springer;Japanese Association of Financial Economics and Engineering, vol. 25(4), pages 267-284, December.
    2. Anil Mishra, 2014. "Foreign Ownership and Firm Value: Evidence from Australian Firms," Asia-Pacific Financial Markets, Springer;Japanese Association of Financial Economics and Engineering, vol. 21(1), pages 67-96, March.

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