FIIs and Indian Stock Market: A Causality Investigation

Minakshi Paliwal; S. D. Vashishtha

doi:10.2478/v10103-011-0024-0

Autor

Minakshi Paliwal Department of Commerce, Bharati College, University of Delhi, New Delhi, India
S. D. Vashishtha Department of Commerce, M.D. University, Rohtak (Haryana), India

DOI:

https://doi.org/10.2478/v10103-011-0024-0

Abstrakt

Aczkolwiek brak stabilności związany z przepływami kapitału portfelowego jest dobrze znany, to istnieje również obawa, że zagraniczni inwestorzy instytucjonalni mogą wprowadzać zakłócenia na rynkach krajów przyjmujących z uwagi na wywieraną na nich presję, aby zapewniać zyski kapitałowe. W tym kontekście niniejszy rozdział próbuje poznać kierunek przyczynowości pomiędzy zagranicznymi inwestorami instytucjonalnymi (FIIs) i działaniem indyjskiej giełdy. Aby ułatwić lepsze zrozumienie związku przyczynowego między przepływami FII i mającymi miejsce w tym samym czasie wynikami giełdy papierów wartościowych (BSE National Index), wybrany został okres dziewiętnastu kolejnych lat począwszy od stycznia 1992 do grudnia 2010. Do zbadania kierunku przyczynowości zastosowano test przyczynowości Grangera.

Pobrania

Brak dostępnych danych do wyświetlenia.

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