International portfolio choice and political instability risk: A multi-objective approach

Smimou, K.

doi:10.1016/j.ejor.2013.01.024

Cited by 40 publications

(22 citation statements)

References 81 publications

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“…On the other hand, the study employs three alternative measures to the primary independent variable (namely, political instability risk ( PINSR ), country risk ( CR ), and corruption perception index ( CPI )). Beside the PINSR as a proxy of political instability risk, this study follows Uddin et al, to consider CR as an alternative measure to political instability risk, whereas the CPI as a proxy for political instability the study follows (Smimou, ; Uddin et al, ).…”

Section: Data and Summary Statisticsmentioning

confidence: 99%

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The impact of political instability on risk‐taking in the banking sector: International evidence using a dynamic panel data model (System‐GMM)

2019

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This paper contributes to the existing literature by investigating the impact of political instability risk on risk‐taking in the banking sector of 75 countries, which is the first attempt for this nexus to the best of our knowledge. The dynamic panel data model (System‐GMM) showed that political instability risk significantly increases risk‐taking in the banking sector. Besides, corruption levels and government ineffectiveness are the most important channels of political instability that affect the banking sector risk. The results also actively support the “too big to fail” hypothesis. Finally, the robustness results confirm the conclusions derived from the baseline System‐GMM model.

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Section: Data and Summary Statisticsmentioning

confidence: 99%

“…Beside the PINSR as a proxy of political instability risk, this study follows Uddin et al, 2017 to consider CR as an alternative measure to political instability risk, whereas the CPI as a proxy for political instability the study follows (Smimou, 2014;Uddin et al, 2017).…”

Section: Political Instability Riskmentioning

confidence: 99%

The impact of political instability on risk‐taking in the banking sector: International evidence using a dynamic panel data model (System‐GMM)

2019

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“…The foreign investors shift their fund from politically unstable to politically stable country to ensure the safety of the funds. The cultural characteristics of the investing country and the host country also an important factors to determine the foreign portfolio investment in the host country (Chukwuemeka, Stella, Odhu, & Onyema, 2012;Smimou, 2014).…”

Section: Introductionmentioning

confidence: 99%

Determinants of Foreign Portfolio Investment and Its Effects on China

Haider¹,

Khan²,

Abdulahi³

2016

IJEF

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Foreign portfolio investment consists of securities and other capital inflows of assets possibly held by other foreign countries. Foreign Portfolio Investment (FPI) provides the investor with indirect ownership of financial assets. This study intends to investigate the economic factors which attract the investors to invest in the host country. We observed what the impact of FPI determinants on the Chinese economy. To elaborate our results we used multiple regression models by using E-views. This study investigates the effects of FPI and its determinants of the economic structure of China. The data of FPI, GDP, FDI, EXD and P has been taken from the World Bank. GDP and External Debt are the strong determinants of the FPI, the Exchange Rate, Population shows that these variables have a significant impact on the FPI. The investors speculate the high returns, more secure investors' rights and feel safer to invest in the country.

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“…The foreign financial specialists move their asset from politically flimsy to politically stable nation to guarantee the security of the assets. The social qualities of the contributing nation and the host nation likewise are an essential components to decide the foreign portfolio investment in the host country, Chukwuemeka et al (2012);Smimou (2014).…”

Section: Literature Reviewmentioning

confidence: 99%

A Cross-Country Comparison of Factors Affecting Foreign Portfolio Investment in Emerging Economies: In the Case of Bangladesh, China, India, and Pakistan

Haider¹

2016

JMS

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Foreign Portfolio Investment (FPI) plays vital role in prosperity of any economy. The importance of FPI becomes even more crucial when, the subject country is in its developing phase, and in the process of exhausting its resources which are not utilized yet. Moreover, do these factors have similar effect on FPI across counties or not? We have used Multiple Linear Regression Models for China, India, Pakistan and Bangladesh, being emerging economies within the same region to examine FPI's determinants. The study found that GDP growth, External Debt, Population growth, and Inflation are the main factors that affect FPI. Moreover, it is also found that there is different relation of similar factor across the countries, which is due the socio-economic, geographic, and geo-political differences among the subject countries.

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International portfolio choice and political instability risk: A multi-objective approach

Cited by 40 publications

References 81 publications

The impact of political instability on risk‐taking in the banking sector: International evidence using a dynamic panel data model (System‐GMM)

The impact of political instability on risk‐taking in the banking sector: International evidence using a dynamic panel data model (System‐GMM)

Determinants of Foreign Portfolio Investment and Its Effects on China

A Cross-Country Comparison of Factors Affecting Foreign Portfolio Investment in Emerging Economies: In the Case of Bangladesh, China, India, and Pakistan

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