The Portfolio Flows of International Investors

By Kenneth A. Froot, Paul G. J. O'Connell, Mark S. Seasholes. 2001

951 citations recorded by the source corpus.

Subfields: Accounting, Finance

View Paper: https://www.semanticscholar.org/paper/48f96c05ef0d42b5dbac997a55f0e2b16eb09cb5

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Accounting

1. David A. Hirshleifer
2. Geert Bekaert
3. Campbell R. Harvey
4. Siew Hong Teoh
5. Miguel A. Ferreira
6. Pedro Matos
7. René M. Stulz
8. John M. Griffin

In Finance

1. Geert Bekaert
2. Campbell R. Harvey
3. David A. Hirshleifer
4. Siew Hong Teoh
5. René M. Stulz
6. Federico Nardari
7. John M. Griffin
8. Hélène Rey

Citations in the corpus

• Bubble Thy Neighbor: Portfolio Effects and Externalities from Capital Controls (2012, neutral): “32 For empirical evidence on return chasing and portfolio rebalancing, see Bohn and Tesar (1996), Froot et al. (2001), Hau and Rey (2008), and Jotikasthira et al. (2010).”
• Investibility and return volatility (2004, neutral): “Although several studies (e.g. Choe et al., 1999; Froot et al., 2001; Karolyi, 2002) show that foreign investors pursue both positive-feedback trading and herding strategies, they do not find that foreign investors have a destabilizing impact on stock prices.”
• Do Investors Trade More When Stocks Have Performed Well? Evidence from 46 Countries (2007, positive): “We construct a Garman and Klass (1980) range-based volatility measure (as recently implemented by Daigler and Wiley (1999)) as well as a similar measure used by Alizadeh, Brandt, and Diebold (2002).”
• Informed trading in the index option market: The case of KOSPI 200 options (2008, background): “6 While Seasholes (2000), Grinblatt and Keloharju (2000), Froot, O’Connell and Seasholes (2001), and Froot and Ramadorai (2008) find evidence suggesting that foreigners have an information advantage over domestic investors, Hau (2001), Choe, Kho, and Stulz (2005), and Dvorak (2005) report the…”
• Style Effects in the Cross-Section of Stock Returns (2004, positive): “Our finding that positive feedback occurs at the style level may not be surprising given the results of Froot et al. (2001), who find that portfolio flows chase portfolio ARTICLE IN PRESS”
• Herd Behaviour and Cascading in Capital Markets: A Review and Synthesis (2003, background): “However, Froot et al. (2001) find that portfolio flows in and out of 44 countries during 1994–98 were positive forecasters of future equity returns, with statistical significance in emerging markets.”