Foreign direct investment and international stock market integration

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

*Corresponding author for this work

    Research output: Contribution to journalArticlepeer-review

    16 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
    Number of pages26
    JournalAustralian Journal of Management
    Volume35
    Issue number3
    DOIs
    Publication statusPublished - Dec 2010

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