The determinants of cross-border equity flows

We explore a new panel data set on bilateral gross cross-border equity flows between 14 countries, 1989–1996. We show that a “gravity” model explains international transactions in financial assets at least as well as goods trade transactions. Gross transaction flows depend on market size in source a...

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Bibliographic details

Volume:	65
Main Author:	Portes, Richard Rey, Hélène
Format:	Journal Article
Language:	English
Zielgruppe:	Academic
Place of publication:	AMSTERDAM Elsevier B.V 2005 ELSEVIER Elsevier Elsevier Science Publishers
published in:	Journal of international economics Vol. 65; no. 2; pp. 269 - 296
ORCID:	0000-0002-4797-1002
Data of publication:	2005
ISSN:	0022-1996 1873-0353
EISSN:	1873-0353
Discipline:	Economics Business
Series:	Journal of International Economics
Subjects:	Gravity model Home bias Cross-border portfolio investment Information asymmetries Equity flows Economics Business & Economics Social Sciences Forecasts and trends Models Foreign investments Portfolio management Economics and Finance Humanities and Social Sciences JEL : F - International Economics/F.F2 - International Factor Movements and International Business/F.F2.F21 - International Investment • Long-Term Capital Movements JEL : F - International Economics/F.F1 - Trade/F.F1.F12 - Models of Trade with Imperfect Competition and Scale Economies • Fragmentation [SHS.ECO]Humanities and Social Sciences/Economics and Finance JEL: F - International Economics/F.F1 - Trade/F.F1.F12 - Models of Trade with Imperfect Competition and Scale Economies • Fragmentation [ SHS.ECO ] Humanities and Social Sciences/Economies and finances JEL: G - Financial Economics/G.G1 - General Financial Markets/G.G1.G11 - Portfolio Choice • Investment Decisions JEL : F - International Economics/F.F3 - International Finance/F.F3.F36 - Financial Aspects of Economic Integration JEL: F - International Economics/F.F2 - International Factor Movements and International Business/F.F2.F21 - International Investment • Long-Term Capital Movements JEL : G - Financial Economics/G.G1 - General Financial Markets/G.G1.G11 - Portfolio Choice • Investment Decisions JEL: F - International Economics/F.F3 - International Finance/F.F3.F36 - Financial Aspects of Economic Integration F21 Equity flows F12 G11 Gravity model F36 Home bias Cross-border portfolio investment Information asymmetries INTEGRATION INFORMATION MARKETS gravity model INVESTMENT information asymmetries equity flows NETWORKS home bias cross-border portfolio investment PREFERENCE
Online Access:	available in Bonn?
Database:	Social Sciences Citation Index Web of Science - Social Sciences Citation Index - 2005 Web of Knowledge Web of Science RePEc RePEc IDEAS CrossRef Academic OneFile (A&I only) Hyper Article en Ligne (HAL) HAL-SHS: Archive ouverte en Sciences de l'Homme et de la Société OpenAIRE OpenAIRE (Open Access) Database information Databases - DBIS