Foreign direct investment and international stock market integration

Jing Shi, Chris Bilson, John G. Powell, Julie Wigg

Research output: Contribution to journalArticlepeer-review

14 Citations (Scopus)

Abstract

This paper examines whether foreign direct investment between countries fosters stock market integration. Empirical tests demonstrate that both the flow and the level of bilateral foreign direct investment between countries explain country-pair stock market integration. More specifically, higher bilateral foreign direct investment levels and flows increase Australia’s stock market integration with its major trade partners.
Original languageEnglish
Pages (from-to)265-290
JournalAustralian Journal of Management
Volume35
Issue number3
DOIs
Publication statusPublished - 2010
Externally publishedYes

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