Foreign direct investment and international stock market integration

Jing Shi, Chris Bilson, John G. Powell and Julie Wigg
Additional contact information
Jing Shi: CRACM, School of Finance and Statistics, Jiangxi University of Finance and Economics, China, jing.shi@anu.edu.au, School of Finance, Actuarial Studies and Applied Statistics, The Australian National University, Australia
Chris Bilson: School of Finance, Actuarial Studies and Applied Statistics, The Australian National University, Australia
John G. Powell: Department of Economics and Finance, Massey University, New Zealand
Julie Wigg: Department of Economics and Finance, Massey University, New Zealand

Australian Journal of Management, 2010, vol. 35, issue 3, 265-290

Abstract: This paper examines whether foreign direct investment between countries fosters stock market integration. Empirical tests demonstrate that both the flow and the level of bilateral foreign direct investment between countries explain country-pair stock market integration. More specifically, higher bilateral foreign direct investment levels and flows increase Australia’s stock market integration with its major trade partners.

Keywords: foreign direct investment; integration; stock market (search for similar items in EconPapers)
Date: 2010
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Citations: View citations in EconPapers (8)

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Persistent link: https://EconPapers.repec.org/RePEc:sae:ausman:v:35:y:2010:i:3:p:265-290

DOI: 10.1177/0312896210384680

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