Poshakwale, S and Thapa, Chandra (2010) Foreign investors and global integration of Indian equity market. Journal of Emerging Markets finance, 9 (1). pp. 1-24. ISSN 0972-6527Full text not available in this repository. (Request a copy from the Strathclyde author)
This article examines the influence of foreign investors in explaining short-run dynamics and long-run relationship of the emerging Indian equity market with global equity markets. Using daily return series and equity portfolio investments made by foreign institutional investors, we conclude that the rapid growth in the flow of foreign equity portfolio investments is leading to greater integration of the Indian equity market with global markets. With the increased global integration, the Indian market will become more susceptible to global shocks as has been witnessed by significant losses suffered by investors in the Indian market following the sub-prime crisis.
|Keywords:||emerging Indian stock market, foreign portfolio investments, sub-prime crisis, global markets, Commerce, Finance, Economics and Econometrics|
|Subjects:||Social Sciences > Commerce|
|Department:||Strathclyde Business School > Accounting and Finance|
|Depositing user:||Pure Administrator|
|Date Deposited:||24 Aug 2012 04:29|
|Last modified:||05 May 2016 00:23|