Foreign ownership and stock return volatility – evidence from Vietnam
This paper examines the effects of foreign ownership on the firm-level volatility of stock returns in Vietnam. We use a detailed panel data set of firms listed on the Ho Chi Minh City stock exchange for the period from 2006 to 2012. Employing different econometric estimation techniques for panel dat...
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| Định dạng: | Journal Article |
| Ngôn ngữ: | English |
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Elsevier
2017
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| Truy cập trực tuyến: | http://digital.lib.ueh.edu.vn/handle/UEH/56313 https://doi.org/10.1016/j.mulfin.2015.03.004 |
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oai:localhost:UEH-563132020-01-06T03:54:45Z Foreign ownership and stock return volatility – evidence from Vietnam Xuan Vinh Vo Foreign investors Volatility Ownership Vietnam This paper examines the effects of foreign ownership on the firm-level volatility of stock returns in Vietnam. We use a detailed panel data set of firms listed on the Ho Chi Minh City stock exchange for the period from 2006 to 2012. Employing different econometric estimation techniques for panel data analysis, our empirical results show that firm ownership by foreign investors decreases firm stock price volatility in Vietnam stock market. The result implies the stabilizing role of foreign investors in emerging stock markets and this can be considered as one of the potential benefits of increasing the exposure of domestic stock markets to foreign investors. 2017-11-03T10:13:51Z 2017-11-03T10:13:51Z 2015 Journal Article 1042-444X http://digital.lib.ueh.edu.vn/handle/UEH/56313 https://doi.org/10.1016/j.mulfin.2015.03.004 en Journal of Multinational Financial Management Vol. 30 none Portable Document Format (PDF) 101 109 Elsevier |
| institution |
Đại học Kinh tế Thành phố Hồ Chí Minh |
| collection |
DSpaceUEH |
| language |
English |
| topic |
Foreign investors Volatility Ownership Vietnam |
| spellingShingle |
Foreign investors Volatility Ownership Vietnam Xuan Vinh Vo Foreign ownership and stock return volatility – evidence from Vietnam |
| description |
This paper examines the effects of foreign ownership on the firm-level volatility of stock returns in Vietnam. We use a detailed panel data set of firms listed on the Ho Chi Minh City stock exchange for the period from 2006 to 2012. Employing different econometric estimation techniques for panel data analysis, our empirical results show that firm ownership by foreign investors decreases firm stock price volatility in Vietnam stock market. The result implies the stabilizing role of foreign investors in emerging stock markets and this can be considered as one of the potential benefits of increasing the exposure of domestic stock markets to foreign investors. |
| format |
Journal Article |
| author |
Xuan Vinh Vo |
| author_facet |
Xuan Vinh Vo |
| author_sort |
Xuan Vinh Vo |
| title |
Foreign ownership and stock return volatility – evidence from Vietnam |
| title_short |
Foreign ownership and stock return volatility – evidence from Vietnam |
| title_full |
Foreign ownership and stock return volatility – evidence from Vietnam |
| title_fullStr |
Foreign ownership and stock return volatility – evidence from Vietnam |
| title_full_unstemmed |
Foreign ownership and stock return volatility – evidence from Vietnam |
| title_sort |
foreign ownership and stock return volatility – evidence from vietnam |
| publisher |
Elsevier |
| publishDate |
2017 |
| url |
http://digital.lib.ueh.edu.vn/handle/UEH/56313 https://doi.org/10.1016/j.mulfin.2015.03.004 |
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AT xuanvinhvo foreignownershipandstockreturnvolatilityevidencefromvietnam |
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