Foreign ownership in Australian firms

Anil Mishra ()

Research in International Business and Finance, 2013, vol. 28, issue C, 1-18

Abstract: 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.

Keywords: Free float foreign ownership; Foreign institutional holding; Domestic cross holdings; Listing (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:riibaf:v:28:y:2013:i:c:p:1-18

DOI: 10.1016/j.ribaf.2012.09.002

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