Impact of Domestic Investor Protection on Foreign Investment Decisions: Evidence from Bond Markets

CFA Digest ◽  
2017 ◽  
Vol 47 (2) ◽  
Author(s):  
Rich Wiggins
Keyword(s):  
Foreign Investment ◽  
Investor Protection ◽  
Investment Decisions ◽  
Bond Markets

Home Bias in Foreign Investment Decisions

2006 ◽  
Author(s):  
Qinghai Wang ◽  
Dongmin Ke ◽  
Lilian K. Ng
Keyword(s):  
Foreign Investment ◽  
Home Bias ◽  
Investment Decisions

scholarly journals How does experience change firms' foreign investment decisions to non-market events?

2021 ◽  
Vol 27 (1) ◽  
pp. 100802
Author(s):  
Chang Hoon Oh ◽  
Jiyoung Shin ◽  
Jennifer Oetzel
Keyword(s):  
Foreign Investment ◽  
Investment Decisions

Investor Protection and the Role of Firm-Level Financial Transparency in Attracting Foreign Investment

2015 ◽  
Vol 50 (3) ◽  
pp. 393-434 ◽  
Author(s):  
Bowe Hansen ◽  
Mihail K. Miletkov ◽  
M. Babajide Wintoki
Keyword(s):  
Foreign Investment ◽  
Investor Protection ◽  
Firm Level ◽  
Financial Transparency

Investor protection rights and foreign investment

2013 ◽  
Vol 41 (2) ◽  
pp. 506-526 ◽  
Author(s):  
Maela Giofré
Keyword(s):  
Foreign Investment ◽  
Investor Protection

Financial Information Globalization and Foreign Investment Decisions

2012 ◽  
Vol 11 (2) ◽  
pp. 57-81 ◽  
Author(s):  
Dan Amiram
Keyword(s):  
Financial Reporting ◽  
Foreign Investment ◽  
Investment Decisions ◽  
Accounting Standards ◽  
International Accounting ◽  
International Accounting Standards ◽  
Foreign Markets ◽  
Foreign Investors ◽  
Financial Reporting Standards ◽  
Region I

ABSTRACT This paper investigates the association between the adoption of international accounting standards and foreign investment decisions. Prior research suggests that information asymmetries between local and foreign investors and behavioral biases caused by unfamiliarity of the foreign markets contribute to investors preferring to invest in their home markets. Because one of the goals of the adoption of international accounting standards is to establish a high-quality, internationally familiar set of accounting standards, I predict that foreign investments will increase in countries that adopted International Financial Reporting Standards (IFRS) after the adoption and that this increase is driven by the familiarity of IFRS. I find that foreign equity portfolio investments (FPI) increase in countries that adopt IFRS. More importantly, I find that this relation is driven by foreign investors from countries that also use IFRS. Moreover, the effect of accounting familiarity is more pronounced when investor and investee countries share language, legal origin, culture, and region. I also find that countries with lower corruption and better investor protection experience larger increases in FPI after they adopt IFRS relative to other IFRS users. These findings are consistent with the hypothesis that familiar accounting information drives foreign investment decisions.

The financial analysis of foreign investment decisions by large UK-based companies

1996 ◽  
Vol 2 (2) ◽  
pp. 181-206 ◽  
Author(s):  
Adrian Buckley ◽  
Peter J.S. Buckley ◽  
Pascal Langevin ◽  
Ka Lun Tse
Keyword(s):  
Foreign Investment ◽  
Financial Analysis ◽  
Investment Decisions

German Corporate Convergence to a Market Based System

2007 ◽  
Vol 9 (2) ◽  
pp. 209-232 ◽  
Author(s):  
Matthew Berger
Keyword(s):  
Corporate Governance ◽  
Financial Markets ◽  
Foreign Investment ◽  
Direct Investment ◽  
Investment Decisions ◽  
International Investment ◽  
Governance System ◽  
Legal Reforms ◽  
Corporate Governance System ◽  
International Investors

AbstractGermany has implemented several legal reforms in an attempt to attract international investment. Commentators proclaimed that a transition from a bank-based system of corporate governance to a market-based system was required in order for Germany to attract international investors. Debates still transpire regarding the success of the legal reforms implemented in an effort to make this change. This analysis explains Germany's previous corporate governance system and the new laws implemented to transform it to a market-based system. Empirical data is recited concerning the changes in foreign direct investment, German household investment decisions, and the German financial markets. The paper concludes that an analysis of this data reveals an increase of foreign investment in Germany and a substantial movement towards a market-based system throughout the duration of the legal reform.

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