The Investment Technology of Foreign and Domestic Institutional Investors in an Emerging Market:
Gespeichert in:
Bibliographische Detailangaben
Beteilige Person: Patnaik, Ila (VerfasserIn)
Format: Elektronisch E-Book
Sprache:Englisch
Veröffentlicht: Washington, D.C International Monetary Fund 2013
Schriftenreihe:IMF Working Papers Working Paper No. 13/90
Links:http://elibrary.imf.org/view/IMF001/20428-9781484335567/20428-9781484335567/20428-9781484335567.xml
http://elibrary.imf.org/view/IMF001/20428-9781484335567/20428-9781484335567/20428-9781484335567.xml
http://elibrary.imf.org/view/IMF001/20428-9781484335567/20428-9781484335567/20428-9781484335567.xml
http://elibrary.imf.org/view/IMF001/20428-9781484335567/20428-9781484335567/20428-9781484335567.xml
http://elibrary.imf.org/view/IMF001/20428-9781484335567/20428-9781484335567/20428-9781484335567.xml
http://elibrary.imf.org/view/IMF001/20428-9781484335567/20428-9781484335567/20428-9781484335567.xml
http://elibrary.imf.org/view/IMF001/20428-9781484335567/20428-9781484335567/20428-9781484335567.xml
http://elibrary.imf.org/view/IMF001/20428-9781484335567/20428-9781484335567/20428-9781484335567.xml
http://elibrary.imf.org/view/IMF001/20428-9781484335567/20428-9781484335567/20428-9781484335567.xml
http://elibrary.imf.org/view/IMF001/20428-9781484335567/20428-9781484335567/20428-9781484335567.xml
http://elibrary.imf.org/view/IMF001/20428-9781484335567/20428-9781484335567/20428-9781484335567.xml
http://elibrary.imf.org/view/IMF001/20428-9781484335567/20428-9781484335567/20428-9781484335567.xml
http://elibrary.imf.org/view/IMF001/20428-9781484335567/20428-9781484335567/20428-9781484335567.xml
http://elibrary.imf.org/view/IMF001/20428-9781484335567/20428-9781484335567/20428-9781484335567.xml
http://elibrary.imf.org/view/IMF001/20428-9781484335567/20428-9781484335567/20428-9781484335567.xml
http://elibrary.imf.org/view/IMF001/20428-9781484335567/20428-9781484335567/20428-9781484335567.xml
http://elibrary.imf.org/view/IMF001/20428-9781484335567/20428-9781484335567/20428-9781484335567.xml
http://elibrary.imf.org/view/IMF001/20428-9781484335567/20428-9781484335567/20428-9781484335567.xml
http://elibrary.imf.org/view/IMF001/20428-9781484335567/20428-9781484335567/20428-9781484335567.xml
http://elibrary.imf.org/view/IMF001/20428-9781484335567/20428-9781484335567/20428-9781484335567.xml
http://elibrary.imf.org/view/IMF001/20428-9781484335567/20428-9781484335567/20428-9781484335567.xml
Abstract:The literature on the investment technology of foreign versus domestic investors has inconclusive results. This paper revisits the question, with a focus on decomposing portfolio performance into asset allocation and security selection. We document signicant differences in exposure to systematic asset pricing factors between foreign and domestic investors. A quasi-experimental strategy is introduced, for comparing security selection after controlling for diferences in asset allocation. Our results show that foreign investors in India do remarkably poorly at security selection
Umfang:1 Online-Ressource (38 p)
ISBN:1484335562
9781484335567