Foreign Ownership and Firm Value: Evidence from Australian Firms
Anil Mishra ()
Asia-Pacific Financial Markets, 2014, vol. 21, issue 1, 67-96
The paper employs various measures of foreign ownership and investigates impact of foreign ownership on value of firms in Australia. We find that both, traditional measure and free float measure of foreign ownership has a positive and significant impact on firm value. We also find that foreign institutional holdings in Australian firms’ have a significant and positive impact on firm value. Results are robust to various econometric estimation techniques. Our results have implications for investors and corporate financial policies. Copyright Springer Japan 2014
Keywords: Firm value; Free float foreign ownership; Foreign institutional holding; Domestic cross holding; Employee held share (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations View citations in EconPapers (1) Track citations by RSS feed
Downloads: (external link)
Access to full text is restricted to subscribers.
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:kap:apfinm:v:21:y:2014:i:1:p:67-96
Ordering information: This journal article can be ordered from
Access Statistics for this article
Asia-Pacific Financial Markets is currently edited by Jiro Akahori
More articles in Asia-Pacific Financial Markets from Springer, Japanese Association of Financial Economics and Engineering
Bibliographic data for series maintained by Sonal Shukla ().