Foreign ownership in Australian firms

被引：9
|
作者：
Mishra, Anil V. [1 ]
机构：
[1] Univ Western Sydney, Sch Business, Sydney, NSW, Australia
来源：
RESEARCH IN INTERNATIONAL BUSINESS AND FINANCE | 2013年 / 28卷
关键词：
Free float foreign ownership; Foreign institutional holding; Domestic cross holdings; Listing;
D O I：
10.1016/j.ribaf.2012.09.002
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
This paper constructs free float adjusted foreign ownership measure for Australian firms over the period 2001-2009 and explores the determinants of foreign ownership. Foreigners prefer investing in large Australian firms, value firms with high book to market ratios, firms which are listed abroad and firms with domestic cross holdings. Foreign institutions are found to have significant holdings in Australian firms. Results are robust to various econometric estimation techniques. (C) 2012 Elsevier B.V. All rights reserved.
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页码：1 / 18
页数：18
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