Do foreign investors stimulate or inhibit stock market development in Latin America?

Quarterly Review of Economics and Finance

Volumn 38, Issue 3 Part.2, 1998, Pages 303-318

  Hargis, Kent ^a  

^a UNIVERSITY OF SOUTH CAROLINA   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 0032161066     PISSN: 10629769     EISSN: None     Source Type: Journal    
DOI: 10.1016/s1062-9769(99)80120-3     Document Type: Article

References (25)

1. Alexander, Gordon, Cheol Eun and S. Janakirmanan. 1986. "Asset Pricing and Dual Listing on Foreign Capital Markets: A Note," Journal of Finance, 151-158.
2. Bekaert, Geert and Campbell Harvey. 1997. "Emerging Equity Market Volatility," Journal of Financial Economics, forthcoming.
3. Bencivenga, Valerie, Bruce Smith and Ross Starr. 1992. Liquidity of Secondary Capital Markets: Allocative Efficiency and the Maturity Composition of the Capital Stock. CAE Working Paper #92-5.
4. Divecha, Arjun, Jaime Drach and Dan Stefek. 1992. "Emerging Markets: A Quantitative Perspective," Journal of Portfolio Management, 19, 41-56.
5. Domowitz, Ian, Jack Glen and Anath Madhavan. 1996. International Cross-listing, Ownership Rights and Order Flow Migration: Evidence from Mexico. University of Southern California Working Paper.
6. Errunza, Vihang and Etienne Losq. 1985. "International Asset Pricing under Mild Segmentation: Theory and Test," Journal of Finance, 105-124.
7. Goldsmith, Raymond. 1969. Financial Structure and Development. New Haven, CT: Yale University Press.
8. Greenwood, Jeremy and Boyan Jovanovic. 1990. "Financial Development, Growth, and Distribution of Income," Journal of Political Economy, 1076-1107.
9. Hamao, Yasushi and Jianping Mei. 1996. Living with the Enemy: An Analysis of Foreign Investment in the Japanese Equity Market. Columbia University Working Paper.
10. Hargis, Kent. 1997a. Forms of Foreign Investment Liberalization and Domestic Stock Market Development in Emerging Economies. University of South Carolina Working Paper.
11. Hargis, Kent. 1997b. Time-Varying Transmission of Prices and Volatility: Latin American Equity Markets: 19DRs in Emerging Equity Markets: Market Integration Fragmentation. University of South Carolina Working Paper.
12. Hargis, Kent. 1997c. ADRs in Emerging Equity Markets: Market Integration or Fragmentation. University of South Carolina Working Paper.
13. Hargis, Kent and Pradipkumar Ramanlal. 1997. The Internationalization of Emerging quity Markets: Domestic Market Development or Market Retardation. University of South Carolina Working Paper.
14. King, Robert and Ross Levine. 1993. "Finance and Growth: Schumpeter Might Be Right," Quarterly Journal of Economics, 717-737.
15. Levine, Ross. 1991. "Stock Markets, Growth and Tax Policy," Journal of Finance 46, 1445-1465.
16. Levine, Ross and Sara Zervos. 1995a. Stock Markets and Banks: Revving the Engines of Groth 1989-1994. World Bank Working Paper.
17. Levine, Ross and Sara Zervos. 1995b. International Capital Flow Liberalization and Stock Market Development: A Cross-Country Event Study. World Bank Working Paper.
18. McKinnon, Ronald. 1973. Money and Capital in Economic Development. Washington, D.C.: Brookings Institution.
19. Pagano, Marco. 1989a. "Trading Volume and Asset Liquidity," Quarterly Journal of Economics, 255-274.
20. Pagano, Marco. 1989b. "Endogenous Market Thinness and Stock Price Volatility," Review of Economic Studies, 269-287.
21. Pagano, Marco. 1992. The Flotation of Companies on the Stock Market: A Coordination Failure Model. CEPR Working Paper.
22. Saint-Paul, Guiles. 1992. "Technological Choice, Financial Markets and Economic Growth," European Economic Review, 36, 763-781.
23. Schumpeter, Joseph. 1911. The Theory of Economic Development. Cambridge, MA: Harvard University Press.
24. Shaw, Edward. 1973. Financial Deepening in Economic Development. London: Oxford University Press.
25. World Bank. 1997. Private Capital Flows to Developing Countries: The Road to Financial Integration. New York: Oxford University Press.