The dynamic impact of foreign portfolio investment on stock prices in Pakistan

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dc.contributor.authorShabbir, Malik Shahzad
dc.contributor.authorMuhammad, Iftikhar
dc.date.accessioned2019-08-28T12:38:55Z
dc.date.available2019-08-28T12:38:55Z
dc.date.issued2019
dc.departmentİHÜ, Lisansüstü Eğitim Enstitüsü, İktisat Ana Bilim Dalı
dc.description.abstractThe objective of this paper is to examine the short-run and long-run dynamic relationship between foreign portfolio investments (FPI) and stock prices of Pakistan. This study first ever attempts in the context of Pakistan economy to investigate the foreign portfolio investment and its impact on the domestic stock market. The surge in FPI in the developing countries is relatively due to growth of stock markets in these countries, liberalisation of their economies, high returns on investment, trade openness, improved communication and global technology. This study used annual time series data starting from 1984 to 2016. The autoregressive distributed lag (ARDL) method used for both the long-run and short-run relationship between FPI and various policy variables. All the results are statistically significant except the exchange rate and the model is best fitted which shows the diagnostic and stability test.
dc.identifier.citationShabbir, M. S., Muhammad, I. (2019). The dynamic impact of foreign portfolio investment on stock prices in Pakistan. Transnational Corporations Review, 11(2), pp. 166-178.
dc.identifier.doi10.1080/19186444.2019.1616508
dc.identifier.endpage178
dc.identifier.issn1925-2099
dc.identifier.issue2
dc.identifier.scopus2-s2.0-85070506705
dc.identifier.scopusqualityQ2
dc.identifier.startpage166
dc.identifier.urihttps://hdl.handle.net/20.500.12154/918
dc.identifier.volume11
dc.identifier.wosWOS:000482387400007
dc.identifier.wosqualityQ3
dc.indekslendigikaynakScopus
dc.indekslendigikaynakWeb of Science
dc.institutionauthorMuhammad, Iftikhar
dc.language.isoen
dc.publisherRoutledge
dc.relation.ihupublicationcategory118
dc.relation.ispartofTransnational Corporations Review
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Öğrenci
dc.relation.publicationcategoryÖğrenci
dc.rightsinfo:eu-repo/semantics/embargoedAccess
dc.subjectARDL
dc.subjectDynamic Analysis and Karachi Stock Market
dc.subjectForeign Portfolio Investments
dc.titleThe dynamic impact of foreign portfolio investment on stock prices in Pakistan
dc.typeArticle
dspace.entity.typePublication

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