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Reassessing the role of distance on cross-border equity flows: does distance still matter?.

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dc.contributor.authorPandej Chintrakarnen_US
dc.contributor.otherMahidol University International College. Business Administration Divisionen_US
dc.date.accessioned2015-08-03T10:16:04Z
dc.date.accessioned2018-12-25T09:12:10Z
dc.date.accessioned2019-11-01T08:20:35Z
dc.date.available2015-08-03T10:16:04Z
dc.date.available2018-12-25T09:12:10Z
dc.date.available2019-11-01T08:20:35Z
dc.date.created2015
dc.date.issued2010
dc.description.abstractPortes and Rey (2005) employ a gravity model to analyze bilateral crossborder equity flows and find that increase in the distance of 1% lowers bilateral crossborder equity flows between 0.66% and 0.88%. Applying the Poisson pseudomaximum likelihood (PPML) estimators reveals that although distance which is a proxy for some information costs still has a significant, negative effect on international asset transactions, the magnitude of the coefficient are generally of much smaller than documented in Portes and Rey (2005). That is, an increase in the distance of 1% lowers bilateral cross-border equity flows between 0.39% and 0.56%.en_US
dc.identifier.citationThe Empirical Economics Letters. Vol. 9, No. 5 (2010), 459-465.en_US
dc.identifier.urihttps://repository.li.mahidol.ac.th/handle/20.500.14594/47995
dc.language.isoengen_US
dc.rightsMahidol Universityen_US
dc.subjectEquity flowsen_US
dc.subjectCross-border portfolio investmenten_US
dc.subjectInformation asymmetriesen_US
dc.subjectGravity modelen_US
dc.subjectHome biasen_US
dc.titleReassessing the role of distance on cross-border equity flows: does distance still matter?.en_US
dc.typeArticleen_US
dspace.entity.typePublication
mods.location.urlhttp://www.eel.my100megs.com/

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