How do extreme global shocks affect foreign portfolio investment? An event study for India

Anick Yaha; Nirvikar Singh; Jean Paul Rabanal

doi:10.1080/1540496X.2016.1204599

How do extreme global shocks affect foreign portfolio investment? An event study for India

Anick Yaha, Nirvikar Singh, Jean Paul Rabanal

Research output: Contribution to journal › Article › Research › peer-review

5 Citations (Scopus)

Abstract

Foreign portfolio flows in and out of India are relevant for policymakers, and are often portrayed in the media as having a destabilizing effect on the domestic market. We use an event study approach to examine whether extreme global shocks trigger abnormal responses in foreign equity flows in and out of India, or abnormal responses in the Indian stock market. We do not find strong evidence of abnormal responses, even for the case of the global crisis of 2008.

Original language	English
Pages (from-to)	1923-1938
Number of pages	16
Journal	Emerging Markets Finance and Trade
Volume	53
Issue number	8
DOIs	https://doi.org/10.1080/1540496X.2016.1204599
Publication status	Published - 3 Aug 2017
Externally published	Yes

Keywords

event study
extreme events
foreign investors

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10.1080/1540496X.2016.1204599

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How do extreme global shocks affect foreign portfolio investment? An event study for India

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Keywords

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