Ontology highlight
ABSTRACT: Supplementary information
The online version contains supplementary material available at 10.1007/s40953-021-00233-3.
SUBMITTER: Venkatesh H
PROVIDER: S-EPMC8019337 | biostudies-literature | 2021
REPOSITORIES: biostudies-literature
Venkatesh Hari H Kumari Jyoti J Hiremath Gourishankar S GS Roy Hiranmoy H
Journal of quantitative economics : journal of the Indian Econometric Society 20210403 2
We examine a theoretically robust but previously undocumented issue of what drives foreign portfolio investments into emerging markets. Foreign institutional investors (FIIs) are often blamed as fair-weather friends who pull out their investment at the first sign of trouble. Using a bottom-up approach, we explore this possibility. We demonstrate the influence of the firm-specific factors such as size, book to market ratio, the riskiness of the stocks, stock prices, dividend yield, liquidity, lev ...[more]