Equity Market Indicators as Drivers of Foreign Portfolio Investment in Pakistan
Main Article Content
Abstract
The study is about the factors responsible of attracting foreign portfolio investment (FPI) to Pakistan stock exchange (PSX). In this study the stock market factors of PSX have been explored to determine their short term and as well as long term association with the equity market indicators of PSX.
Article Details
References
Adabag, C., & Ornelas, J. R. H. (2004). Behaviour and effects of foreign investors on Istanbul Stock Exchange.
Anayochukwu, B. O. (2012). The Impact of stock Market Returns on Foreign Portfolio Investments in Nigeria. IOSR Journal of Business and Management, 2(4), 10-19.
Engle, R. F. & Granger, C. W. J, 1987. ‘Co-integration and error correction’: Representation, estimation, and testing. Econometrica, 55, 251-276.
Halale, M. S. (2014). Influence Of Foreign Portfolio Investment On Stock Market Indicators. Journal Impact Factor, 5(10), 01-11.
Johansen, S., 1988. Statistical analysis of co-integration vectors. Journal of Economic Dynamics and Control, 12, 231-254.
Khan, A. H., & Khilji, N. M. (1997). Foreign Direct Investment in Pakistan: Policies and Trends [with Comments]. The Pakistan Development Review, 959-985.
UNCTAD/GDS/DFSB/5 “Comprehensive Study of the Interrelationship between Foreign Direct Investment (FDI) and Foreign Portfolio Investment (FPI)â€, A staff paper prepared by the UNCTAD secretariat, 1-46
Warther, V. A. (1995). Aggregate mutual fund flows and security returns. Journal of financial economics, 39(2-3), 209-235.