The Determinants of Cross-Border Equity Flows

By R. Portes, Hélène Rey. 2005

1,851 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/28aaf70fb8513ccd84f927a425653ac46ae91337

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Citations in the corpus

Transparency and International Investor Behavior (2002, neutral): “In this paper, we use the term transparency to denote the availability and quality of information, measured at the country level.”
International trade and financial integration: a weighted network analysis (2010, methodology): “Recently, this methodology has been applied to financial data as well: Portes and Rey (2005) suggest that distance proxies some information costs.”
Stock market synchronization and monetary integration (2011, background): “Moreover, Portes and Rey (2005) argue that informational asymmetries translate into transaction costs that affect bilateral equity cross-border flows.”
International portfolio diversification is better than you think (2011, methodology): “…both with GDP and stock return correlations (Frankel and Rose, 1998; Imbs, 2004; Baxter and Kouparitsas, 2005; Walti, 2005; Flavin et al., 2001) and with cross-border equity holdings (Portes and Rey, 2005; Chan, Covrig and Ng, 2005; Lane and Milesi-Feretti, 2004; Aviat and Coeurdacier, 2007).”
Liquidity management of U.S. global banks: internal capital markets in the Great Recession (2011, neutral): “b Log physical distance is the great circle distance of the affiliate country from New York City, from Rose and Spiegel (2009). c Index ranges in value from −1.”
Aging, pension reform and capital flows: a multi-country simulation model (2004, positive): “Portes and Rey (2005) suggest that information asymmetries across countries are a major source of home bias effects and that capital flows are affected by both geographic and informational proximity.”
Fostering Environment Efficiency through Transnational Linkages? Trajectories of CO2 and SO2, 1980–2000 (2008, positive): “In the present paper we focus on one such transnational linkage that has received growing attention: international telecommunications (Gong and Keller, 2003; Portes and Rey, 2005; Wong, 2004).”
Natural Experiments in Macroeconomics (2015, neutral): “, 2008b) and international asset flows (Portes and Rey, 2005).”
Cross-Border Diversification in Bank Asset Portfolios (2004, neutral): “Empirical studies find a negative link between international asset holdings or international capital flows, on the one hand, and distance, on the other hand (Buch 2003, Focarelli and Pozzolo 2001, Portes and Rey 1999 and 2001, Wei and Wu 2002).”
Exchange Rate, Equity Prices and Capital Flows (2006, neutral): “Some of this work is mainly empirical [Bekaert and Harvey (2000), Bekaert, Harvey, and Lumsdaine (2002), and Portes and Rey (2005); Richards (2005)].”
Migrants, Ancestors, and Foreign Investments (2018, background): “A large literature shows that measures of affinity between regions, such as common ancestry, social ties, trust, and telephone volume, correlate strongly with aggregate economic outcomes, such as foreign direct investment (Guiso, Sapienza, and Zingales, 2009; Leblang, 2010), international asset flow”
What Lies Beneath the Euro's Effect on Financial Integration? Currency Risk, Legal Harmonization, or Trade? (2010, positive): “To investigate the effect of exchange rate variability risk, in columns (1)–(2) of Table 4 we augment the baseline specification with the bilateral exchange rate flexibility measure, ERi,j,t f , based on “fine” classification of Reinhart and Rogoff (2004).(22) The coefficient on the variable that re”