Foreign ownership in Australian firms
Copyright policy )Foreign ownership in Australian firms
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.
- Western Sydney University Australia
150299 - Banking, 910199 - Macroeconomics not elsewhere classified, Australian, investments, foreign, Australia, business enterprises, Finance and Investment not elsewhere classified
150299 - Banking, 910199 - Macroeconomics not elsewhere classified, Australian, investments, foreign, Australia, business enterprises, Finance and Investment not elsewhere classified
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