Download or read book Foreign Ownership Restrictions and Stock Prices in the Thai Capital Market written by Warren Bernard Bailey and published by . This book was released on 1994 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Foreign Ownership Foreign Limit and the Speed of Price Adjustment in Thai Capital Market written by and published by . This book was released on 2009 with total page 132 pages. Available in PDF, EPUB and Kindle. Book excerpt: This thesis examines whether foreign investors have an information advantage to local investors. By assuming the source of lead-lag relation comes from the difference in the speed of price adjustment to information and information advantages, the paper tests whether stocks with higher foreign ownership adjust faster to new information. This hypothesis is motivated by the common believe that foreign investors are better informed than local investors. Moreover, the paper also examines whether the difference in levels of foreign ownership and foreign limit can be claimed as the causes of cross-autocorrelation in stock returns, which has been found in Thailand. Data is obtained from January 2001 to December 2008 from the Stock Exchange of Thailand. This research performs three different models; the vector autoregressive (VAR) model, asymmetric regression and Dimson beta regression. This paper controls for the firm size. VAR shows that returns of low foreign ownership stocks lead returns of high foreign ownership stocks and returns of high foreign limit stocks lead returns of low foreign limit stocks. It means foreign investors do not have an information advantage over locals and degrees of foreign limit can delay information diffusion. The asymmetric regression presents that there is no difference of stocks' response to good and bad market-wide news. While Dimson market beta model shows that the slow adjustment to returns on market as a proxy of market-wide information causes the lead-lag relation between high and low foreign ownership stocks but doesn't cause the lead-lag relation between high and low foreign limit stocks. Both of foreign ownership and foreign limit cannot solely be claimed as the causes of the cross-autocorrelation in stock returns found in Thailand.
Download or read book Foreign Ownership Restrictions and Premiums for International Investment written by Warren Bernard Bailey and published by . This book was released on 1993 with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Market Segmentation and Foreign Price Premium in The Stock Exchange of Thailand written by Luxvara Piamworrakaroon and published by . This book was released on 2016 with total page 140 pages. Available in PDF, EPUB and Kindle. Book excerpt: Foreign share premium in Thai stock market has exhibited the downward trend during 2002 to 2014. This study attempts to explain this phenomenon by three hypotheses which are demand differential, information availability, and diversification benefit. The panel regression and cross-sectional regression are employed to account for variation of foreign share premium over time and across firms. The results of the study show that demand differential between foreign and domestic investors plays important role to explain foreign share premium. As foreign investors' demand for Thai stock is downward sloping, lower foreign room left relative to foreign ownership limit indicates higher foreign demand and higher foreign share premium for that stock. Moreover, foreign investors are likely to shift their investment from traditional foreign share on the Foreign Board to Non-Votiing Depository Receipt (NVDR) over time as it is a close substitute investment of domestic share for foreign investors. The existence of NVDR cause foreign investors' demand to become more elastic resulting in lower foreign share premium. Together with information availability hypothesis, foreign investors are interested to invest in larger firms and firms with more analyst coverages, via NVDR rather than foreign share on the Foreign Board, since they need not to concern about foreign ownership limit. Nevertheless, diversification benefit is the motive driven foreign investors to invest in domestic share on the Foreign Board. For any stock, if its return yields lower correlation with market portfolio return, it shows the higher diversification benefit and results in higher foreign share premium.
Download or read book Thai Capital Market written by Somjai Phagaphasvivat and published by . This book was released on 1988 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Constraints on Thailand s Equity Market as an Allocator of Foreign Investment Capital written by Nick J. Freeman and published by . This book was released on 2000 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Financial Markets and Foreign Direct Investment in Greater China written by Hung-Gay Fung and published by Routledge. This book was released on 2016-07-08 with total page 321 pages. Available in PDF, EPUB and Kindle. Book excerpt: Based on rigorous state-of-the-art research techniques, this book deals with critical issues regarding China's financial markets and foreign direct investment -- key components of China's economic transformation.
Download or read book Investment Guide to Stocks Shares and the Captal Market in Thailand written by Houseman & Co and published by . This book was released on 1968 with total page 317 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book International Capital Markets written by G. Andrew Karolyi and published by . This book was released on 2003 with total page 632 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Foreign Portfolio Investors Approaches to Thailand s Equity Market written by Nick J. Freeman and published by . This book was released on 2000 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Asia Pacific written by and published by . This book was released on 1990 with total page 294 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Portfolio Preferences of Foreign Institutional Investors written by Reena Aggarwal and published by World Bank Publications. This book was released on 2003 with total page 47 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Impacts of Foreign Investment on the Thai Stock Market written by Tipwan Wannasophon and published by . This book was released on 1997 with total page 366 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Dynamics of Emerging Stock Markets written by Mohamed El Hedi Arouri and published by Springer Science & Business Media. This book was released on 2009-12-24 with total page 214 pages. Available in PDF, EPUB and Kindle. Book excerpt: Emerging markets have received a particular attention of academic researchers and practitioners since they decided to open their domestic capital markets to foreign participants about three decades ago. At the same time, we remark that theoretical and empirical research in emerging stock markets has been particularly challenged by their fast changes in nature and size under the effects of financial liberalization and reforms. This evolving feature has particularly led to a commensurate increase in sophistication of modeling techniques used for understanding financial markets. In this spirit, the book aims at providing the audience a comprehensive understanding of emerging stock markets in various aspects using modern financial econometric methods. It addresses the empirical techniques needed by economic agents to analyze the dynamics of these markets and illustrates how they can be applied to the actual data. On the other hand, it presents and discusses new research findings and their implications.
Download or read book The Report Thailand 2016 written by Oxford Business Group and published by Oxford Business Group. This book was released on 2016-04-15 with total page 236 pages. Available in PDF, EPUB and Kindle. Book excerpt: According to the UN Conference on Trade and Development, Thailand has been among eight priority destinations for foreign investment since 2012. Factors weighing on growth in 2016 will include an ongoing economic slowdown, weakening global demand for Thai exports and growing levels of consumer debt. The government’s investment promotion agenda, while perhaps more complicated than in previous years, also addresses the dual challenge of labour shortages and the middle-income trap through promotion of both labour-intensive and high-tech industries, while potential membership in two major trade blocs could see regional and international exports soar in the coming years. Although the near-term forecast is dampened by global volatility, weakening demand and the impact of China’s slowdown, trade in Thailand will remain on an upwards trajectory in 2016, and investment, though unlikely to meet government targets, is nonetheless expected to bounce back from a challenging 2015.
Download or read book Management and International Review written by Shirley J. Daniel and published by Springer Science & Business Media. This book was released on 2013-06-29 with total page 178 pages. Available in PDF, EPUB and Kindle. Book excerpt: This special issue is devoted to the topic of globalization, one of the most emotionally charged terms in international business today. While globalization is not really a new phenomenon, advances in transportation and communications technology as well as decreasing trade barriers have increased the pace and magnitude of cross border interactions, bringing them to the forefront of discussion for scholars.
Download or read book Chinese Companies and the Hong Kong Stock Market written by Flora Xiao Huang and published by Routledge. This book was released on 2013-10-30 with total page 326 pages. Available in PDF, EPUB and Kindle. Book excerpt: Listing by companies from one country on the stock market of another country is a device often used both to raise capital in, and to increase bonding with, the target country. This book examines the listing by Chinese companies on the Hong Kong stock market. It discusses the extent of the phenomenon, compares the two different regulatory regimes, and explores the motivations for the cross-listing. It argues that a key factor, in addition to raising capital and bonding with the Hong Kong market, is Chinese companies’ desire to encourage legal and regulatory reforms along Hong Kong lines in mainland China, in order to develop and open up China’s domestic capital markets.
