Foreign Institutional Investors, Information Asymmetries, and Equity Returns: Evidence from the U.S. Stock Market

2012 ◽  
Author(s):  
Bok Baik ◽  
Jun-Koo Kang ◽  
Jin-Mo Kim ◽  
Joonho Lee
Keyword(s):  
Stock Market ◽  
Institutional Investors ◽  
Equity Returns ◽  
Information Asymmetries ◽  
Foreign Institutional Investors ◽  
The U.S

scholarly journals FIIs and Indian Stock Market: A Causality Investigation

2012 ◽  
Vol 14 (4) ◽  
pp. 5-24 ◽  
Author(s):  
Minakshi Paliwal ◽  
S. D. Vashishtha
Keyword(s):  
Stock Market ◽  
Capital Flows ◽  
Institutional Investors ◽  
Capital Gains ◽  
Market Returns ◽  
Causality Test ◽  
Stock Market Returns ◽  
Foreign Institutional Investors ◽  
And Performance ◽  
Indian Stock Market

While the volatility associated with portfolio capital flows is well known, there is also a concern that foreign institutional investors might introduce distortions in the host country markets due to the pressure on them to secure capital gains. In this context, present chapter attempts to find out the direction of causality between foreign institutional investors (FIIs) and performance of Indian stock market. To facilitate a better understanding of the causal linkage between FII flows and contemporaneous stock market returns (BSE National Index), a period of nineteen consecutive financial years ranging from January 1992 to December 2010 is selected. Granger Causality Test has been applied to test the direction of causality.

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