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Foreign investors and global integration of Indian equity market

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 0972-6527

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Abstract

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.

Item type: Article
ID code: 40959
Keywords: emerging Indian stock market, foreign portfolio investments, sub-prime crisis, global markets, Commerce
Subjects: Social Sciences > Commerce
Department: Strathclyde Business School > Accounting and Finance
Related URLs:
    Depositing user: Pure Administrator
    Date Deposited: 24 Aug 2012 05:29
    Last modified: 24 Aug 2012 05:29
    URI: http://strathprints.strath.ac.uk/id/eprint/40959

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