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.
引用
收藏
页码：1 / 18
页数：18
相关论文
共 9 条
  • [1] Foreign Ownership and Firm Value: Evidence from Australian Firms
    Mishra A.V.
    Asia-Pacific Financial Markets, 2014, 21 (1) : 67 - 96
  • [2] Cross-listing effect on information environment of foreign firms: ADR type and country characteristics
    Lee, Hei Wai
    Valero, Magali
    JOURNAL OF MULTINATIONAL FINANCIAL MANAGEMENT, 2010, 20 (4-5) : 178 - 196
  • [3] Predicting the Reputation of Pharmaceutical Firms with Financing and Geographical Location Data
    Angeles Alcaide, M.
    de la Poza, Elena
    Natividad Guadalajara, M.
    MATHEMATICS, 2021, 9 (16)
  • [4] Effects of listing on the financial behavior of private-sector firms in China
    Yano, Go
    Shiraishi, Maho
    Xu, Gang
    PACIFIC-BASIN FINANCE JOURNAL, 2024, 85
  • [5] Have exchange-listed firms become less important for the economy?
    Schlingemann, Frederik P.
    Stulz, Rene M.
    JOURNAL OF FINANCIAL ECONOMICS, 2022, 143 (02) : 927 - 958
  • [6] Auditor-provided non-audit services in listed and private family firms
    Dobler, Michael
    MANAGERIAL AUDITING JOURNAL, 2014, 29 (05) : 427 - +
  • [7] Turtles in trouble. Conservation ecology and priorities for Australian freshwater turtles
    Petrov, Kristen
    Sutcliffe, Sarah
    Truscott, Helen
    Kutay, Cat
    Eisemberg, Carla C.
    Spencer, Ricky J.
    Lawler, Ivan
    Bower, Deborah S.
    Van Dyke, James U.
    Georges, Arthur
    AUSTRAL ECOLOGY, 2023, 48 (08) : 1603 - 1656
  • [8] Do less regulated markets attract lower quality firms? Evidence from the London AIM market
    Nielsson, Ulf
    JOURNAL OF FINANCIAL INTERMEDIATION, 2013, 22 (03) : 335 - 352
  • [9] THE IMPACT OF GOVERNMENT WEEKEND POLICY CHANGES AND FOREIGN INSTITUTIONAL HOLDINGS ON WEEKLY EFFECT OF TOURISM STOCK PERFORMANCE
    Chen, Ming-Hsiang
    Kim, Woo Gon
    Liao, Chao-Ning
    JOURNAL OF HOSPITALITY & TOURISM RESEARCH, 2009, 33 (02) : 139 - 160
1