Information and capital flows: The determinants of transactions in financial assets

By R. Portes, Hélène Rey, Yonghyup Oh. 2001

477 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/71716708b4c5f20331a5b3414ca387c92a5a8568

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Citations in the corpus

Bank relationships, business cycles, and financial crises (2011, unknown): “Portes et al. (2001) and Portes & Rey (2005) provide direct evidence of the importance of information in determining bilateral patterns of aggregate international capital flows, while Kang & Stulz (1997) and Hatchondo (2008) show that such patterns are consistent with the model that is based on…”
Roll Out the Red Carpet and They Will Come: Investment Promotion and FDI Inflows† (2011, background): “The negative effects of information asymmetries on capital flows have been documented in empirical studies (Portes et al., 2001; Gelos and Wei, 2005; Portes and Rey, 2005).”
Global Bond Portfolios and Emu (2006, unknown): “The availability of the CPIS dataset represents a considerable advance relative to previous studies that relied on smaller samples and used data on transactions rather than holdings (see, for example, Portes et al 2001).”
Distance and Trade: Disentangling unfamiliarity effects and transport cost effects (2006, background): “As argued by Portes et al. (2001), “countries which are near each other tend to know much more about each other, either because of direct interaction between their citizens for tourism or business, or because of better media coverage, or because they tend to learn each other’s language.””
The Pecking Order of Cross-Border Investment (2006, background): “2 Portes and Rey (2005) and Portes, Rey and Oh (2001) provide references and a discussion of the finance literature related to information frictions.”
Familiarity Breeds Investment: Diaspora Networks and International Investment (2010, background): “Arguing that distance proxies for information costs, however, is theoretically unsatisfying, and, in a series of articles, Portes and Rey (2005; Portes, Rey, and Oh 2001) employ a more direct measure of information asymmetries and transactions costs by including a measure of bilateral telephone…”
The geography of trade in goods and asset holdings (2007, unknown): “The main drawback of our data set is that we cannot distinguish different types of assets (especially between equities, bonds and cross-border bank lending): indeed, it could be that informational costs differ for different types of assets (see Portes et al., 2001) 27 .”
Corruption and Cross-Border Investment in Emerging Markets: Firm-Level Evidence (2009, background): “1 The negative effects of information asymmetries on capital flows have been documented in empirical studies (see Portes et al. 2001, Portes and Rey 2005, Gelos and Wei 2005).”