The issue of interdependence between international asset pricing had become an important topic in modern finance literature. It had received tremendous attention due to the increasing role of globalisation of market place. This is because globalisation had reduced the barriers to capital...

Numerous studies ranging from firm- to macro-level have been done on the impact of FDI on the host countries. However, to our knowledge, there are very few attempts to investigate whether the origin of FDI exerts different spillover effects on host countries. Hence, the objective of this paper...