Search Results - subject_exact:"Portfolio-Investition"

The role of investor composition in sovereign bond pricing : evidence from an emerging market

Botero-Ramírez, Oscar - 2026

This paper quantifies how demand and supply shocks transmit to yields in Colombia's sovereign bond market by estimating investor-level demand elasticities and translating them into equilibrium price effects. Using investor-security microdata and two complementary identification strategies, I...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015592495

Long-run determinants of the net international investment position

Kuziemska-Pawlak, Kamila; Ito, Hiroyuki - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015594842

What Attracts Investors to Distressed Asset Markets? Key Pillars for Private Investors to Participate in Market Development

Mueller, Marta; Dancausa, Fernando - 2026

This WBG study examines what makes distressed asset markets work — and how governments can create the right conditions for private sector engagement. It provides policymakers, regulators, and financial institutions with a practical framework to assess market readiness, identify policy and...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015597424

Pyrrhic diversification : foreign institutional ownership and stock return sensitivity to the global financial cycle

Ambrocio, Gene; Bui, Dien Giau; Hasan, Iftekhar; Lin, … - 2026

We demonstrate that foreign institutional ownership (FIO) is associated with stronger stock return sensitivity to the Global Financial Cycle (GFC), indicating greater global co-movement among stocks selected by FIOs compared to those not selected. We conjecture that this may be because (i) FIOs...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015580296

Reconceptualizing central bank transparency : a multidimensional index and its implications for international equity portfolio allocation

Bhiri, Sana; BenMabrouk, Houda - 2026

This paper examines the influence of Monetary Policy Transparency on Foreign Equity Portfolio Allocation by addressing the informational frictions that shape cross-border investment in Financial Markets. Building on recent developments in central bank communication, we construct a...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015643313

Home bias and performance and risk in Islamic mutual funds

Isariya Suttakulpiboon - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015644925

Emotional yields of collectibles

Dimson, Elroy; Kuntara Pukthuanthong; Vorsatz, Blair - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015647180

The effect of IFRS adoption on foreign investment in the Japanese equity market

Kubota, Yoshitaka; Takeda, Fumiko - 2026

This study investigates the effects of International Financial Reporting Standards (IFRS) adoption on foreign investment in the Japanese equity market. Previous research suggests that a positive relationship between IFRS adoption and foreign investment typically emerges when a country meets...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015653764

Gold and the external wealth of nations

Bindseil, Ulrich; Daskalova, Svetla; Senner, Richard - 2026 - This version: 30 May 2026

We analyse the portfolio-reallocation incentives faced by NIIP-surplus economies under cross-border seizure risk. Assets, such as gold, can be physically imported and held domestically in contrast to financial claims on other jurisdictions. Gold purchases not only reduce the NIIP but can also...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015654167

Self-inflated funds

Beck, Philippe van der; Bouchaud, Jean-Philippe; … - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015635297

How much and how fast do investors respond to equity premium changes? : evidence from wealth taxation

Fagereng, Andreas; Guiso, Luigi; Ring, Marius A. K. - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015668633

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How much and how fast do investors respond to equity premium changes? : evidence from wealth taxation

Fagereng, Andreas; Guiso, Luigi; Ring, Marius - 2023

Book / Working Paper

How much and how fast do investors respond to equity premium changes? : evidence from wealth taxation

Fagereng, Andreas; Guiso, lg; Ring, Marius A. K. - 2023

Book / Working Paper

Global pension asset allocations and debt markets

Fang, Xiang; Hardy, Bryan; Lewis, Karen K. - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015667793

Bivariate sudden stop analysis of equity and bond fund flows to emerging markets using isolation forest

Griebsch, Susanne; Röthig, Andreas - 2026

This paper applies machine learning methods and anomaly detection to sudden stop analysis of portfolio flows. Using the isolation forest methodology, univariate as well as bivariate sudden stops of equity and bond fund flows to emerging markets are generated. An anomaly score and an anomaly...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015665389

Assessing the financial impact of ESG portfolio optimization and diversification in an emerging market : evidence from Mexico

Fosado Olvera, Paula Margarita; Castillo Dieguez, … - 2026

This paper evaluates the financial implications of scaling and diversifying stock portfolios based on environmental, social, and governance (ESG) criteria in the Mexican Stock Exchange. By using a sample of firms from the S&P/BMV IPC index (2020-2024), four portfolios were constructed: High ESG,...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015664813

Do impact investments enhance portfolio resilience? : evidence from UK sustainable firms

Song, Yang; Tang, Lin; Yang, Shuhui - 2025

The paper empirically studies the role of sustainable impact investments in strengthening portfolio resilience, and risk adjusted performance in the UK equity market from 2017 to 2022. By applying an unique dataset of impact companies affiliated with the Social Stock Exchange UK (UKSSE), the...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015618478

Carbon home bias of European investors

Boermans, Martijn Adriaan; Galema, Rients - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015440889

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Carbon home bias of European investors

Boermans, Martijn; Galema, Rients - 2023

Book / Working Paper

Dynamics between foreign portfolio investment, stock price and financial development in South Africa : a SVAR approach

Sanusi, Kazeem Abimbola; Dickason Koekemoer, Zandri - 2025

The goal of this study is to look into the dynamic relationship between stock prices, foreign portfolio investment, and financial development in the South African economy. Federal Reserve Economic Data (FRED) provided quarterly time series data from 1960 (Q1) to 2024 (Q2). This study uses a...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015206946

Investment giants in emerging markets

Kim, Daisoon; Park, Jee Won; So, Inhwan - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015374061

Foreign institutional investors and equity share decisions in cross-border mergers and acquisitions

Wajda, Dennis; Bu, Juan; Shi, Wei - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015374362

Impacts of cross-border equity portfolio flow and central bank transparency on financial development : the role of economic freedom and international bonds

Kwabi, Frank Obenpong; Wonu, Chizindu; Ezeani, Ernest; … - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015375257

Determinants of asset allocation decisions of robo-advisors in the Asia-Pacific region

Lai, Thong Yan; Yee Peng Chow - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015375620

The implications of CIP deviations for international capital flows

Kubitza, Christian; Sigaux, Jean-David; Vandeweyer, Quentin - 2025

We study the implications of deviations from covered interest rate parity for international capital flows using novel data covering euro-area derivatives and securities holdings. Consistent with a dynamic model of currency risk hedging, we document that investors' holdings of USD bonds decrease...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015330343

Filling the gap : the geographical allocation of euro area portfolio investment liabilities and related income

Bosetti, Isabella; Incardona, Rocco; Rodríguez Caloca, … - 2025

This paper presents the estimation method used to break down the euro area portfolio investment liabilities in the international investment position (i.i.p.) and their corresponding income debits in the balance of payments (b.o.p.), by main geographical counterpart. Identifying non-resident...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015333279

Uncertainty, risk, and opaque stock markets

Astaíza-Gómez, José Gabriel - 2025

This study examined how uncertainty and global risk affect financial markets in emerging economies, focusing on foreign investment, CDS spreads, exchange rates, and stock return volatility. Using over 8.6 million ticker transaction observations and structural vector autoregression (VAR) models,...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015338312

From pledges to portfolios : integrating countries' climate commitments into sovereign bond investments

Alessandrini, Fabio; Jondeau, Eric; Vallée, Lou-Salomé - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015405485

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From pledges to portfolios : integrating countries' climate commitments into sovereign bond investments

Alessandrini, Fabio; Jondeau, Eric; Vallée, Lou-Salomé - 2025

Book / Working Paper

Mapping Returns of Private Equity Investments in Emerging Markets

Mölders, Florian; Salgado, Edgar - 2025

This paper fills a gap in research on private equity investments in emerging markets and developing economies. It provides descriptive evidence and examines the distribution of returns across sectors such as finance, technology, and resource-intensive industries like mining, where significant...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015198170

Start-to-low drawdown as a risk measure and its application to portfolio optimization for levered investors under solvency regimes

Stähli, Philipp; Maringer, Dietmar G. - 2025

Drawdown is an important risk measure in both theory and practice. Most drawdown measures use the running peak as the reference point from which to calculate the drawdown. Instead, the start-to-low drawdown (SLD), which references the start of the period, is firstly proposed as a relevant...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015466080

Is portfolio diversification still effective : evidence spanning three crises from the perspective of U.S. investors

Huang, Rong; Kambouroudis, Dimos; McMillan, David G. - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015447780

Foreign investor trading and spillovers to local-currency bond markets in SEACEN economies : a case study approach

Morozumi, Atsuyoshi - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015450539

Shifting Advantages : Do Subsidies Shape Cross-Border Investment?

Ruta, Michele - 2025

Industrial policies have been on the rise with subsidies provided to firms accounting for the lion's share of interventions. The effects of these measures on productivity, trade, investment and other economic and non-economic variables are largely an open question. This paper examines...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015452033

Managing cryptocurrency risk exposures in equity portfolios : evidence from high-frequency data

Leong, Minhao; Alexeev, Vitali; Kwok, Simon Sai Man - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015405747

Asset manager commonality and portfolio similarity

Ozdagli, Ali; Ryfe, Dylan - 2025 - This version: April 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015406610

Foreign investment dynamics: the impact of benchmark-driven versus unconstrained investors on local credit condition

Botero-Ramírez, Oscar; Murcia Pabón, Andrés; … - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015410281

Hedging political risk in international portfolios

Lotfi, Somayyeh; Pagliardi, Giovanni; Paparoditis, … - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015412068

Assessing the impact of rebalancing on equal-weighted and value-weighted portfolios over five decades

Malladi, Rama; Stanoyevitch, Alexander - 2025

This study investigates the impact of transaction costs on the performance differential between equal-weighted portfolios (EWPs) and value-weighted portfolios (VWPs). Employing a comprehensive dataset of 181 stocks from 1970 to 2023, we utilize paired two-sample tests to identify statistically...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015412307

Hedging uncertainty : bitcoin's asymmetric diversification benefits in factor-based portfolios

Marinescu, Ion-Iulian; Mirza, Nawazish; Horobet, Alexandra - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015434177

The indirect diversification benefits of investing in Japanese firms : an alternative perspective

Chadha, Pearlean; Berrill, Jenny - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015436871

European Union balance of payments and international investment position statistical sources and methods : "B.o.p. and i.i.p. book"; July 2025

2025

The European Central Bank (ECB), with the support of the European System of Central Bank's (ESCB's) Statistics Committee, compiles and publishes the balance of payments (b.o.p.) and the international investment position (i.i.p.) of the euro area. These statistics depict the economic relations of...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015439826

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European Union balance of payments and international investment position statistical sources and methods : "B.o.p. and i.i.p. book"; July 2025

2025

Book / Working Paper

On the effects of global uncertainty shocks on portfolio flows

Beckmann, Joscha; Bettendorf, Timo - 2025

In this paper, we analyze the effects of uncertainty shocks on portfolio flows in 25 emerging market and 21 advanced economies and shed light on socio-economic characteristics that may be relevant for the country-specific sensitivity towards the shocks. We derive uncertainty shocks from a proxy...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015462638

Optimizing investment period length and strategies for later stage venture capital staged financing portfolio

Deng, Guanrou; Fiaschetti, Maurizio; Mazzarisi, Piero; … - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015445615

The effect of foreign investors on local housing markets : evidence from the UK

Sá, Filipa - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015425403

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The effect of foreign investors on local housing markets : evidence from the UK

Sá, Filipa - 2016

Book / Working Paper

Global risk transmission to local financial conditions and the participation of foreign investors in emerging market economies' sovereign bond markets: the case of Colombia

Botero-Ramírez, Oscar; Murcia Pabón, Andrés; … - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015562404

Remote investing in Latin America, 1869-1929

Campbell, Gareth; Gallagher, Áine; Grossman, Richard S. - 2025

Substantial amounts of British capital flowed to Latin America during the first era of globalisation. Companies financed by this capital were typically headquartered in the UK, but operated thousands of miles away. This paper asks how this geographic separation between governance and business...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015534178

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Remote investing in Latin America, 1869-1929

Campbell, Gareth; Gallagher, Áine; Grossman, Richard S. - 2025 - Original version: December 2024, this version: October 2025

Edition: Original version: December 2024, this version: October 2025

Book / Working Paper

Remote investing in Latin America, 1869-1929

Campbell, Gareth; Gallagher, Áine; Grossman, Richard S. - 2025

Book / Working Paper

Determinants of foreign portfolio ınvestments : a panel ARDL model application to BRICS countries and Türkiye

Şeker, Kudbeddin - 2025

With the impact of globalization, the integration of financial markets has intensified, and foreign portfolio investments have become an important component of international capital flows. Foreign portfolio investments can contribute to a country's financial system by enhancing capital mobility...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015613697

Capital flow volatility and financial fragility : cross-country evidence and policy lessons

Hakhverdyan, Davit; Kalantaryan, Hayk - 2025

The complex nature of international capital flows remains a central topic in academic debate. Despite extensive research, the relationship between capital inflows and financial system vulnerabilities remains complex and influenced by both global, regional and domestic factors that necessitate...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015553979

Climate issues in portfolio investment decisions : a comparison of private equity and venture capital

Block, Jörn; Benz, Lena; Krämer-Eis, Helmut; Botsari, … - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015554987

A nascent international financial channel of China's monetary policy transmission

Ma, Chang; Rebucci, Alessandro; Zhou, Sili - 2025

Chinese private portfolio equity outflows, though small compared to other Chinese outflows, are growing rapidly because of capital account liberalization and capital flight. Using granular stock-holding data on Qualified Domestic Institutional Investor (QDII) mutual funds, we identify a nascent...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015555404

Portfolio choice analysis in a multi-country macro model

Hu, Chenyue - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015556425

Politics will tear us apart, again : geopolitical risk, fragmentation, and capital flows

Albori, Marco - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015585091

Portfolio flows and household portfolios

Boddin, Dominik; Kaat, Daniel Marcel te; Ma, Chang; … - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015580479