Barriers to portfolio investment in emerging stock markets
Author
Abstract
(This abstract was borrowed from another version of this item.)
Suggested Citation
Download full text from publisher
Other versions of this item:
- Demirguc-Kunt, Ash & Huizinga, Harry, 1995. "Barriers to portfolio investments in emerging stock markets," Journal of Development Economics, Elsevier, vol. 47(2), pages 355-374, August.
- Demirguc-Kunt, Asli & Huizinga, Harry, 1992. "Barriers to portfolio investments in emerging stock markets," Policy Research Working Paper Series 984, The World Bank.
- Demirguc-Kunt, A. & Huizinga, H., 1993. "Barriers to Portfolio Investments in Emerging Stock Markets," Papers 9341, Tilburg - Center for Economic Research.
References listed on IDEAS
- Errunza, Vihang & Losq, Etienne, 1989. " Capital Flow Controls, International Asset Pricing, and Investors' Welfare: A Multi-country Framework," Journal of Finance, American Finance Association, vol. 44(4), pages 1025-1037, September.
- Jorion, Philippe & Schwartz, Eduardo, 1986. "Integration vs. Segmentation in the Canadian Stock Market," Journal of Finance, American Finance Association, vol. 41(3), pages 603-614, July.
- Laurence Booth, 1987. "The Dividend Tax Credit and Canadian Ownership Objectives," Canadian Journal of Economics, Canadian Economics Association, vol. 20(2), pages 321-339, May.
- Cho, D Chinhyung & Eun, Cheol S & Senbet, Lemma W, 1986. "International Arbitrage Pricing Theory: An Empirical Investigation," Journal of Finance, American Finance Association, vol. 41(2), pages 313-329, June.
- Black, Fischer, 1974. "International capital market equilibrium with investment barriers," Journal of Financial Economics, Elsevier, vol. 1(4), pages 337-352, December.
- Bonser-Neal, Catherine, et al, 1990. "International Investment Restrictions and Closed-End Country Fund Prices," Journal of Finance, American Finance Association, vol. 45(2), pages 523-547, June.
- Gultekin, Mustafa N & Gultekin, N Bulent & Penati, Alessandro, 1989. " Capital Controls and International Capital Market Segmentation: The Evidence from the Japanese and American Stock Markets," Journal of Finance, American Finance Association, vol. 44(4), pages 849-869, September.
- Eun, Cheol S & Janakiramanan, S, 1986. "A Model of International Asset Pricing with a Constraint on the Foreign Equity Ownership," Journal of Finance, American Finance Association, vol. 41(4), pages 897-914, September.
- Pekka T. Hietala, 1989. "Asset Pricing in Partially Segmented Markets: Evidence from the Finnish Market," Journal of Finance, American Finance Association, vol. 44(3), pages 697-718, July.
- White, Halbert, 1980. "A Heteroskedasticity-Consistent Covariance Matrix Estimator and a Direct Test for Heteroskedasticity," Econometrica, Econometric Society, vol. 48(4), pages 817-838, May.
- William F. Sharpe, 1964. "Capital Asset Prices: A Theory Of Market Equilibrium Under Conditions Of Risk," Journal of Finance, American Finance Association, vol. 19(3), pages 425-442, September.
- Stehle, Richard E, 1977. "An Empirical Test of the Alternative Hypotheses of National and International Pricing of Risky Assets," Journal of Finance, American Finance Association, vol. 32(2), pages 493-502, May.
- Stulz, Rene M, 1981. "On the Effects of Barriers to International Investment," Journal of Finance, American Finance Association, vol. 36(4), pages 923-934, September.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Eijffinger, Sylvester C. W. & Huizinga, Harry P. & Lemmen, Jan J. G., 1998.
"Short-term and long-term government debt and nonresident interest withholding taxes,"
Journal of Public Economics, Elsevier, vol. 68(3), pages 309-334, June.
- Eijffinger, S.C.W. & Huizinga, H.P. & Lemmen, J.J.G., 1996. "Short-Term and Long-Term Government Debt and Nonresident Interest Withholding Taxes," Other publications TiSEM e3d75c9e-90ef-4f97-8445-e, Tilburg University, School of Economics and Management.
- Harry P. Huizinga & Jan J.G. Lemmen & Sylvester C.W. Eijffinger, 1997. "Short-Term and Long-Term Government Debt and Nonresident Interest Withholding Taxes," FMG Discussion Papers dp275, Financial Markets Group.
- Eijffinger, Sylvester & Huizinga, Harry & Lemmen, Jan, 1997. "Short-term and long-term government debt and non-resident interest withholding taxes," LSE Research Online Documents on Economics 119164, London School of Economics and Political Science, LSE Library.
- Eijffinger, S.C.W. & Huizinga, H.P. & Lemmen, J.J.G., 1996. "Short-Term and Long-Term Government Debt and Nonresident Interest Withholding Taxes," Discussion Paper 1996-88, Tilburg University, Center for Economic Research.
- Eijffinger, S.C.W. & Huizinga, H.P. & Lemmen, J.J.G., 1998. "Short-term and long-term government debt and non resident interest witholding taxes," Other publications TiSEM 68bb4272-d036-4192-9291-6, Tilburg University, School of Economics and Management.
- Huizinga, Harry, 1996.
"The incidence of interest withholding taxes: Evidence from the LDC loan market,"
Journal of Public Economics, Elsevier, vol. 59(3), pages 435-451, March.
- Huizinga, H., 1994. "The Incidence of Interest Withholding Taxes: Evidence from the LCD Loan Market," Papers 9495, Tilburg - Center for Economic Research.
- Huizinga, H.P., 1996. "The incidence of interest withholding taxes : Evidence from the LDC loan market," Other publications TiSEM 194d3a72-1d75-44f8-8a76-9, Tilburg University, School of Economics and Management.
- Huizinga, Harry, 1996.
"The incidence of interest withholding taxes: Evidence from the LDC loan market,"
Journal of Public Economics, Elsevier, vol. 59(3), pages 435-451, March.
- Huizinga, H.P., 1994. "The incidence of interest withholding taxes : Evidence from the LDC loan markets," Discussion Paper 1994-95, Tilburg University, Center for Economic Research.
- Huizinga, H.P., 1994. "The incidence of interest withholding taxes : Evidence from the LDC loan markets," Other publications TiSEM 30f67851-12e6-4b25-8bcf-6, Tilburg University, School of Economics and Management.
- Huizinga, H.P., 1996. "The incidence of interest withholding taxes : Evidence from the LDC loan market," Other publications TiSEM 194d3a72-1d75-44f8-8a76-9, Tilburg University, School of Economics and Management.
- Andrew Baum & Claudia Murray, "undated". "Understanding the Barriers to Real Estate Investment in Developing Economies," Real Estate & Planning Working Papers rep-wp2011-08, Henley Business School, University of Reading.
- Guesmi, Khaled & Nguyen, Duc Khuong, 2011.
"How strong is the global integration of emerging market regions? An empirical assessment,"
Economic Modelling, Elsevier, vol. 28(6), pages 2517-2527.
- Khaled Guesmi & Duc Khuong Nguyen, 2011. "How strong is the global integration of emerging market regions? An empirical assessment," EconomiX Working Papers 2011-9, University of Paris Nanterre, EconomiX.
- Khaled Guesmi & Duc Khuong Nguyen, 2011. "How strong is the global integration of emerging market regions? An empirical assessment," Working Papers hal-04141010, HAL.
- Anil V. Mishra, 2017.
"Foreign bias in Australia's international equity holdings,"
Review of Financial Economics, John Wiley & Sons, vol. 33(1), pages 41-54, April.
- Mishra, Anil V., 2017. "Foreign bias in Australia's international equity holdings," Review of Financial Economics, Elsevier, vol. 33(C), pages 41-54.
- Bilson, Christopher M. & Brailsford, Timothy J. & Hooper, Vincent C., 2002. "The explanatory power of political risk in emerging markets," International Review of Financial Analysis, Elsevier, vol. 11(1), pages 1-27.
- Kane, Edward J., 1995.
"Difficulties of transferring risk-based capital requirements to developing countries,"
Pacific-Basin Finance Journal, Elsevier, vol. 3(2-3), pages 193-216, July.
- Kane, Edward J.*DEC, 1994. "Difficulties of transferring risk-based capital requirements to developing countries," Policy Research Working Paper Series 1244, The World Bank.
- Christian Wildmann, 2011. "What drives portfolio investments of German banks in emerging capital markets?," Financial Markets and Portfolio Management, Springer;Swiss Society for Financial Market Research, vol. 25(2), pages 197-231, June.
- Mishra, Anil V. & Anwar, Sajid, 2017. "Foreign portfolio equity holdings and capital gains taxation," International Review of Financial Analysis, Elsevier, vol. 51(C), pages 54-68.
- Mishra, Anil V. & Ratti, Ronald A., 2013. "Home bias and cross border taxation," Journal of International Money and Finance, Elsevier, vol. 32(C), pages 169-193.
- Daveri, Francesco, 1995. "Costs of entry and exit from financial markets and capital flows to developing countries," World Development, Elsevier, vol. 23(8), pages 1375-1385, August.
- Del Giudice, Alfonso & Paltrinieri, Andrea, 2017. "The impact of the Arab Spring and the Ebola outbreak on African equity mutual fund investor decisions," Research in International Business and Finance, Elsevier, vol. 41(C), pages 600-612.
- Wildmann, Christian, 2010. "What drives portfolio investments of German banks in emerging capital markets?," Discussion Paper Series 2: Banking and Financial Studies 2010,04, Deutsche Bundesbank.
- Mishra, Anil V. & Ratti, Ronald A., 2014.
"Taxation of domestic dividend income and foreign investment holdings,"
International Review of Economics & Finance, Elsevier, vol. 31(C), pages 218-231.
- Mishra, Anil V & Ratti, Ronald A, 2013. "Taxation of Domestic Dividend Income and Foreign Investment Holdings," MPRA Paper 50601, University Library of Munich, Germany.
- Kenny, Charles J. & Moss, Todd J., 1998. "Stock markets in Africa: Emerging lions or white elephants?," World Development, Elsevier, vol. 26(5), pages 829-843, May.
- Boyer, Marcel & Cherkaoui, Mouna & Ghysels, Eric, 1997. "L’intégration des marchés émergents et la modélisation des rendements des actifs risqués," L'Actualité Economique, Société Canadienne de Science Economique, vol. 73(1), pages 311-330, mars-juin.
- Mishra, Anil V., 2014. "Australia's home bias and cross border taxation," Global Finance Journal, Elsevier, vol. 25(2), pages 108-123.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Demirguc-Kunt, A. & Huizinga, H.P., 1993.
"Barriers to portfolio investments in emerging stock markets (Revised),"
Other publications TiSEM
23d1ec4e-05a4-4c30-a612-5, Tilburg University, School of Economics and Management.
- Demirguc-Kunt, A. & Huizinga, H.P., 1993. "Barriers to portfolio investments in emerging stock markets (Revised)," Discussion Paper 1993-41, Tilburg University, Center for Economic Research.
- Javed Anwar & M. Tariq Javed, 2000. "Capital Markets and Foreign Ownership Restrictions: An Empirical Analysis of Emerging Stock Markets," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 39(4), pages 933-950.
- Coen, Alain, 2001. "Home bias and international capital asset pricing model with human capital," Journal of Multinational Financial Management, Elsevier, vol. 11(4-5), pages 497-513, December.
- Rene M. Stulz, 1994. "International Portfolio Choice and Asset Pricing: An Integrative Survey," NBER Working Papers 4645, National Bureau of Economic Research, Inc.
- Chaieb, Ines & Errunza, Vihang, 2007. "International asset pricing under segmentation and PPP deviations," Journal of Financial Economics, Elsevier, vol. 86(2), pages 543-578, November.
- Eun, Cheol S. & Janakiramanan, S., 1998. "International ownership structure and the firm value," Global Finance Journal, Elsevier, vol. 9(2), pages 149-171.
- Boamah, Nicholas Addai & Watts, Edward J. & Loudon, Geoffrey, 2016. "Investigating temporal variation in the global and regional integration of African stock markets," Journal of Multinational Financial Management, Elsevier, vol. 36(C), pages 103-118.
- Garg, Reetika & Dua, Pami, 2014.
"Foreign Portfolio Investment Flows to India: Determinants and Analysis,"
World Development, Elsevier, vol. 59(C), pages 16-28.
- Pami Dua & Reetika Garg, 2013. "Foreign Portfolio Investment Flows To India -- Determinants And Analysis," Working papers 225, Centre for Development Economics, Delhi School of Economics.
- Lewis, Karen K., 1995.
"Puzzles in international financial markets,"
Handbook of International Economics, in: G. M. Grossman & K. Rogoff (ed.), Handbook of International Economics, edition 1, volume 3, chapter 37, pages 1913-1971,
Elsevier.
- Lewis, K.K., 1994. "Puzzles in international Financial Markets," Weiss Center Working Papers 94-7, Wharton School - Weiss Center for International Financial Research.
- Karen K. Lewis, 1994. "Puzzles in International Financial Markets," NBER Working Papers 4951, National Bureau of Economic Research, Inc.
- So, Jacky C. & Nyerges, Richard T., 1995. "International loans and the risk-return behavior of commercial banks: Some evidence from the capital market," Global Finance Journal, Elsevier, vol. 6(2), pages 135-153.
- Wang, Yuenan & Iorio, Amalia Di, 2007. "Are the China-related stock markets segmented with both world and regional stock markets?," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 17(3), pages 277-290, July.
- Bhamra, Harjoat S. & Coeurdacier, Nicolas & Guibaud, Stéphane, 2014.
"A dynamic equilibrium model of imperfectly integrated financial markets,"
Journal of Economic Theory, Elsevier, vol. 154(C), pages 490-542.
- Nicolas Coeurdacier & Stéphane Guibaud, 2005. "A dynamic equilibrium model of imperfectly integrated financial markets," PSE Working Papers halshs-00590775, HAL.
- Harjoat Bhamra & Nicolas Coeurdacier & Stéphane Guibaud, 2014. "A Dynamic Equilibrium Model of Imperfectly Integrated Financial Markets," Post-Print hal-03393013, HAL.
- Nicolas Coeurdacier & Stéphane Guibaud, 2005. "A dynamic equilibrium model of imperfectly integrated financial markets," Working Papers halshs-00590775, HAL.
- Coeurdacier, Nicolas & Guibaud, Stéphane, 2006. "A Dynamic Equilibrium Model of Imperfectly Integrated Financial Markets," ESSEC Working Papers DR 06014, ESSEC Research Center, ESSEC Business School.
- Harjoat Bhamra & Nicolas Coeurdacier & Stéphane Guibaud, 2014. "A Dynamic Equilibrium Model of Imperfectly Integrated Financial Markets," SciencePo Working papers Main hal-03393013, HAL.
- Chakravarty, Sugato & Sarkar, Asani & Wu, Lifan, 1998.
"Information asymmetry, market segmentation and the pricing of cross-listed shares: theory and evidence from Chinese A and B shares,"
Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 8(3-4), pages 325-356, December.
- Sugato Chakravarty & Asani Sarkar & Lifan Wu, 1998. "Information asymmetry, market segmentation, and the pricing of cross-listed shares: theory and evidence from Chinese A and B shares," Research Paper 9820, Federal Reserve Bank of New York.
- Miller, Darius P., 1999. "The market reaction to international cross-listings:: evidence from Depositary Receipts," Journal of Financial Economics, Elsevier, vol. 51(1), pages 103-123, January.
- Arouri, Mohamed El Hedi & Nguyen, Duc Khuong & Pukthuanthong, Kuntara, 2012. "An international CAPM for partially integrated markets: Theory and empirical evidence," Journal of Banking & Finance, Elsevier, vol. 36(9), pages 2473-2493.
- Mahajan, Arvind & Furtado, Eugene P. H., 1996. "Exchange rate regimes and international market segmentation: Evidence from pricing effects of international listings," Global Finance Journal, Elsevier, vol. 7(2), pages 153-168.
- Dominique Pépin, 2004.
"Globalisation des marchés de capitaux et valorisation des actifs financiers,"
Revue économique, Presses de Sciences-Po, vol. 55(2), pages 207-226.
- Dominique Pepin, 2000. "Globalisation des marchés de capitaux et valorisation des actifs financiers," Working Papers hal-00966464, HAL.
- Adler, Michael & Qi, Rong, 2003. "Mexico's integration into the North American capital market," Emerging Markets Review, Elsevier, vol. 4(2), pages 91-120, June.
- Karen K. Lewis, 1998. "International Home Bias in International Finance and Business Cycles," NBER Working Papers 6351, National Bureau of Economic Research, Inc.
- Mishra, Anil V. & Ratti, Ronald A., 2013. "Home bias and cross border taxation," Journal of International Money and Finance, Elsevier, vol. 32(C), pages 169-193.
More about this item
JEL classification:
- C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
- D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
- L14 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Transactional Relationships; Contracts and Reputation
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:tiu:tiutis:0c9ceacb-4d49-47ea-bbce-2cd9129d96a0. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Richard Broekman (email available below). General contact details of provider: https://www.tilburguniversity.edu/about/schools/economics-and-management/ .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.