Do Foreign Purchases of U.S. Stocks Help the U.S. Stocks Market?
| dc.contributor.author | Lizardo, Radhames | |
| dc.date.accessioned | 2021-10-10T20:00:26Z | |
| dc.date.available | 2021-10-10T20:00:26Z | |
| dc.date.issued | 2009 | |
| dc.description.abstract | This paper investigates the relationship between the U.S. S&P 500 stock market and purchases of U.S. corporation stocks by foreign investors. Estimations using monthly data from 1978:1 to 2008:7 under various methodologies show that, controlling for asset prices (interest rates and the yield curve) and inflation, purchases of U.S. stocks by foreign investors have a positive and statistically significant impact on the U.S. stock market performance. We also show that their relationship is time variant. In a global world, the demand-side variable captured by the foreign appetite for U.S. stocks attenuates the negative effects associated with the domestic forces. | en_US |
| dc.identifier.citation | Lizardo R. A., & Mollick, A. V. (2009). Do foreign purchases of U.S. Stocks help the U.S. stocks market? Journal of International Financial Markets, Institutions and Money, 19(5), 969-986. https://doi.org/10.1016/j.intfin.2009.08.002 | en_US |
| dc.identifier.uri | https://doi.org/10.1016/j.intfin.2009.08.002 | |
| dc.identifier.uri | http://hdl.handle.net/20.500.12521/259 | |
| dc.language.iso | en | en_US |
| dc.title | Do Foreign Purchases of U.S. Stocks Help the U.S. Stocks Market? | en_US |
| dc.type | Article | en_US |