scholarly journals Do External and Internal Crises Affect Foreign Portfolio Inflows? The Case of China and India

2016 ◽  
Vol 8 (7) ◽  
pp. 149
Author(s):  
Fayyaz Ahmad ◽  
Muhammad Umar Draz ◽  
Su-Chang Yang
Keyword(s):  
Choice Model ◽  
Gdp Growth ◽  
Portfolio Investment ◽  
Economic Sectors ◽  
Foreign Portfolio Investment ◽  
Dummy Variable ◽  
China And India ◽  
Independent Variable ◽  
Binary Choice Model ◽  
The Relationship

This study examines the relationship between external and internal crisis (EIC) and Foreign Portfolio Investment (FPI) net inflows in China and India. We have applied Binary Choice Model taking the EIC as a dummy variable. GDP growth is an independent variable in our model that indicates the combined performance of economic sectors. The results suggest that EIC exert a significant impact on the FPI net inflows, but the nature of internal issues is different for both countries. We find a little association between GDP growth and net FPI inflows.

scholarly journals Accounting Reforms and Foreign Portfolio Investment in China: An Empirical Investigation

2017 ◽  
Vol 9 (2) ◽  
pp. 60
Author(s):  
Muhammad Umar Draz ◽  
Fayyaz Ahmad
Keyword(s):  
Choice Model ◽  
Listed Companies ◽  
Accounting System ◽  
Portfolio Investment ◽  
Causality Test ◽  
Foreign Portfolio Investment ◽  
Explanatory Variables ◽  
Binary Choice Model ◽  
Investment In China ◽  
The Impact

 The relationship between foreign portfolio investment (FPI) and various macroeconomic variables of China has been discussed in the existing literature. However, the link between China’s accounting reforms and FPI is yet to be explored. This study intends to discover the impact of changes in China’s accounting system and convergence of its domestic accounting standards (henceforth referred to as accounting reforms) on FPI. We have used Binary Choice Model in Eviews for two decades’ data. In our analyses, FPI has been taken as dependent variable, whereas accounting reforms, annual increase in listed companies, GDP growth of China and financial crises are taken as explanatory variables. The results of our model reveal a significant relationship between accounting reforms and FPI; moreover, Granger causality test shows a significant causal relationship between yearly increase in listed companies and FPI. Our findings are theoretically rational and can be useful for both investors and the policymakers.

scholarly journals Foreign Portfolio Investment And Macroeconomic Factors In India

2019 ◽  
Vol 8 (12) ◽  
pp. 2056-2058
Keyword(s):  
Foreign Investment ◽  
Capital Flows ◽  
Direct Investment ◽  
Portfolio Investment ◽  
Macroeconomic Factors ◽  
Foreign Portfolio Investment ◽  
Indian Economy ◽  
Macroeconomic Indicators ◽  
The Relationship ◽  
Monetary Assets

Foreign Portfolio Investment (FPI) is a part of worldwide capital flows comprising of put out of monetary assets such as currency, supply or bonds across global borders in wish for earnings. FPI is a sole entity, which either boosts or impedes Indian economy and savings approach with each of momentary waft. For the period of behind 1980s and near the beginning 1990s portfolio savings emerged as a most essential type of resources inflow to growing countries. The consequence of portfolio savings to budding countries has arrived downward once the East Asian crisis of 1997. On the additional, most other emergent countries, India is at a standstill more reliant in the lead of Foreign Portfolio Investment (FPI) than Foreign Direct Investment (FDI) as a resource of foreign investment. Foreign Portfolio Investment inflows and outflows have a direct impact on Indian economy. One of the majority imperative features of the expansion of Indian economy in the last twenty years has been the mounting participation of FPI. Portfolio investment being an immediate verity it displays the Indian economy influence instantly. The aim of this revise is to check the relationship between Foreign Portfolio Investment (FPI) and select macroeconomic Indicators in India.

scholarly journals Foreign Portfolio Investment and Economic Growth in Malaysia

2009 ◽  
Vol 48 (2) ◽  
pp. 109-123 ◽  
Author(s):  
Jarita Duasa ◽  
Salina H. Kassim
Keyword(s):  
Economic Growth ◽  
Granger Causality ◽  
Economic Performance ◽  
Jel Classification ◽  
Sustainable Growth ◽  
Portfolio Investment ◽  
Impulse Response Functions ◽  
Causality Test ◽  
Foreign Portfolio Investment ◽  
The Relationship

This study examines the relationship between foreign portfolio investment (FPI) and Malaysia’s economic performance. In particular, the study analyses the relationship between FPI and real gross domestic product (GDP) using the widely adopted Granger causality test and the more recent Toda and Yamamoto’s (1995) non-causality test to establish the direction of causation between the two variables. Similar method is also applied on the relationship between volatility of FPI and real GDP. Additionally, the study uses an innovation accounting by simulating variance decompositions and impulse response functions for further inferences. Using quarterly data covering the period from 1991 to 2006, the study finds evidence that economic growth causes changes in the FPI and its volatility and not vice versa.. The findings suggest that economic performance is the major pull factor in attracting FPI into the country. Thus, it must be ensured that the Malaysian economy remains on a healthy and sustainable growth path so as to maintain investor confidence in the economy. JEL classification: G15, C32, C12 Keywords: Foreign Portfolio Investment, Economic Growth, Granger Causality, Toda-Yamamoto Non-causality, Variance Decomposition

scholarly journals Analysis of residents' travel characteristics along Beijing rail transit line based on binary choice model

2018 ◽  
Vol 47 (3) ◽  
pp. 19-27 ◽  
Author(s):  
Zhaoyang Cai ◽  
Jianwei Yan
Keyword(s):  
Traffic Congestion ◽  
Urban Population ◽  
Choice Model ◽  
Urban Transportation ◽  
Population Migration ◽  
Binary Choice ◽  
Rail Transit ◽  
Compact City ◽  
Binary Choice Model ◽  
The Relationship

From ancient to modern times, in the historical process of urban development, urban transportation has been developing along with the development of the city's political, economic and cultural industries, and the relationship between each other has always been a topic constantly discussed by planning scholars. The development of urban transportation promotes the urban population gathering and industrial development, and promotes the development of urban geographical space. At the same time, it also brings endless convenience to urban residents, so that they can complete the displacement from the beginning to the destination with relatively low cost. However, with the rapid development of urban scale and the rapid growth of urban population, the problems of traffic congestion and land resource shortage in big cities of China seriously restrict the improvement of the quality of life of residents and the further development of the city. In this context, compact city is the inevitable choice for future urban development, while the transportation system supporting compact city form can only be public transportation. As a high-volume, efficient and rapid public transport mode, rail transit can not only solve the traffic congestion problem in high-density areas of cities, but also optimize the development and utilization of urban land and adjust the urban spatial layout, which is of great significance for the sustainable development of cities. The network of rail transit in Beijing becomes the backbone of public passenger transport system, and play an irreplaceable role in guiding the urban space layout adjustment, population migration and the transformation of traffic structure. The study of travel characteristics of the residents who live along the rail transit, in-depth analysis the relationship of the rail transit, the population migration and commuter travel, it is of great significance providing decision support for urban planning. Based on binary choice model, establishing the residents' travel choice model, rail transit impact model of different crowds. Study the relationship between rail transit and residents' travel characteristics, predict the rail transit to guide the trend of population migration.

Added-variable plots with confidence intervals

2019 ◽  
Vol 19 (3) ◽  
pp. 598-614 ◽  
Author(s):  
John Luke Gallup
Keyword(s):  
Partial Correlation ◽  
Ordinary Least Squares ◽  
Continuous Variable ◽  
Dummy Variable ◽  
Regression Parameters ◽  
Independent Variable ◽  
Added Variable Plots ◽  
The Impact ◽  
Multivariate Estimation ◽  
The Relationship

An added-variable plot is an effective way to show the correlation between an independent variable and a dependent variable conditional on other independent variables. For multivariate estimation, a simple scatterplot showing x versus y is not adequate to show the partial correlation of x with y, because it ignores the impact of the other covariates. Added-variable plots are especially effective for showing the correlation of a dummy x variable with y because the dummy variable conditional on other covariates becomes a continuous variable, making the relationship easier to visualize. Added-variable plots are also useful for spotting influential outliers in the data that affect the estimated regression parameters. Stata provides added-variable plots after ordinary least-squares regressions with the avplot command. I present a new command, avciplot, that adds a confidence interval and other options to the avplot command.

scholarly journals The effect Foreign Portfolio Investment on Economic Growth in Nigeria

2021 ◽  
pp. 43-53
Author(s):  
M. O. Ndugbu ◽  
K. C. Otiwu ◽  
L. N. Uzowuru
Keyword(s):  
Economic Growth ◽  
Trade Openness ◽  
Portfolio Investment ◽  
Policy Makers ◽  
Correction Model ◽  
Foreign Portfolio Investment ◽  
Vector Error Correction ◽  
Market Capitalization ◽  
Vector Error ◽  
The Relationship

This study examined the relationship between foreign portfolio investment and economic growth in Nigeria between the periods 1986 to 2017. The study employed the Vector Error Correction model (ECM) and granger causality. Market capitalization, foreign portfolio investment and trade openness were the independent variables while gross domestic product is proxy for economic growth in Nigeria. Findings revealed that of the three study variables, trade openness and market capitalization proved to be significant in promoting economic growth in Nigeria while foreign portfolio investment is negative and insignificant. As such, we recommend that policy makers should endeavour to boost the capital market activities so as to foster capital transactions and subsequently increase economic performance and growth in the nation.

Contingency factors and entrepreneurship: influence in business activity

2019 ◽  
Vol 25 (8) ◽  
pp. 1685-1702 ◽  
Author(s):  
Bernardí Cabrer-Borrás ◽  
Paz Rico Belda ◽  
Dolores Botella Carrubi
Keyword(s):  
Choice Model ◽  
Empirical Literature ◽  
Business Activity ◽  
Proportional Hazard ◽  
Economic Sectors ◽  
Content Type ◽  
Cox Proportional Hazard ◽  
The Difference ◽  
Binary Choice Model ◽  
The Empirical Analysis

Purpose The purpose of this paper is to analyse the determinants of the survival of Spanish companies. Design/methodology/approach Two approaches are used and they are complementary. The first approach analyses the determinants of survival probability. For this purpose, a binary choice model is built and estimated using a sample of companies from the main economic sectors taken from the SABI database. Likewise, the Blinder–Oaxaca decomposition is applied to quantify the difference between companies with employees and without employees and the proportion of this difference that owes to observed factors or unobserved factors. Finally, the second approach is a survival analysis carried out through the Cox proportional hazard model that identifies the determinants of the duration of business activity. Findings The results of the empirical analysis show that companies without employees present less favourable conditions for survival at all stages of their evolution than companies with employees. Originality/value The contribution of this study to the empirical literature consists in analysing the difference between companies with and without employees. Due to the structure of Spanish companies, this aspect and the determinants of such difference are essential for policymakers to increase the survival for companies.

The influence of Herzberg’s motivator factor on employees’ organizational citizenship behaviour

2016 ◽  
Vol 2 (1) ◽  
pp. 1
Author(s):  
Noorlaila Yunus ◽  
Cairul Azwa Azimi
Keyword(s):  
Organizational Citizenship ◽  
Significant Relationship ◽  
Civic Virtue ◽  
Negative Influence ◽  
Western Countries ◽  
Achievement Growth ◽  
Independent Variable ◽  
Research Questions ◽  
The Relationship

Organizational Citizenship Behaviour (OCB) has been widely studied across the boarders especially in the western countries. This workplace voluntary behaviour is associated with many predictors that may bring whether major, minor or negative influence towards the engagement of employees’ OCB. Basically, this study is focusing on motivation as the predictor or independent variable that influence employees’ engagement on the OCB (altruism, conscientiousness, courtesy, civic virtue and sportsmanship) behaviour. Herzberg’s motivator factor (achievement, advancement, recognition and growth) has been chosen as the independent variable. A total of 150 questionnaires were distributed conveniently to respondents. With 125 questionnaires returned, researcher was able to analyze the data based on the research questions and hypotheses developed. The findings showed moderate and weak, significant relationship between the variable excluding the relationship between independent variable and civic virtue and sportsmanship. Thus, Herzberg’s motivator factor was not a predictor to civic virtue and sportsmanship behaviour. However for the strongest predictor; achievement, growth and growth are strongly predicts the altruism, conscientiousness and courtesy behaviour respectively. However, with the absence of relationship between independent variable and civic virtue as well as sportsmanship, therefore the strongest predictor cannot be determined as the value recorded was below the criterion.

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