Foreign institutional investment horizon and investment efficiency in emerging markets

Rehman U. Mian; Affan Mian

doi:10.1016/j.econlet.2023.111340

Foreign institutional investment horizon and investment efficiency in emerging markets

Rehman U. Mian
, Affan Mian

Research output: Contribution to a Journal (Peer & Non Peer) › Article › peer-review

4 Citations (Scopus)

Abstract

This paper examines whether foreign institutional investors’ investment horizon affects investment efficiency across 17 emerging markets. We find that long-term foreign institutional investors are associated with an enhancement in investment efficiency, particularly in firms susceptible to overinvestment and agency problems.

Original language	English
Article number	111340
Journal	Economics Letters
Volume	232
DOIs	https://doi.org/10.1016/j.econlet.2023.111340
Publication status	Published - Nov 2023
Externally published	Yes

Keywords

Emerging markets
Foreign institutional investors
Investment efficiency
Investment horizon

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10.1016/j.econlet.2023.111340

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title = "Foreign institutional investment horizon and investment efficiency in emerging markets",

abstract = "This paper examines whether foreign institutional investors{\textquoteright} investment horizon affects investment efficiency across 17 emerging markets. We find that long-term foreign institutional investors are associated with an enhancement in investment efficiency, particularly in firms susceptible to overinvestment and agency problems.",

keywords = "Emerging markets, Foreign institutional investors, Investment efficiency, Investment horizon",

author = "Mian, \{Rehman U.\} and Affan Mian",

note = "Publisher Copyright: {\textcopyright} 2023 Elsevier B.V.",

year = "2023",

month = nov,

doi = "10.1016/j.econlet.2023.111340",

language = "English",

volume = "232",

journal = "Economics Letters",

issn = "0165-1765",

publisher = "Elsevier B.V.",

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T1 - Foreign institutional investment horizon and investment efficiency in emerging markets

AU - Mian, Rehman U.

AU - Mian, Affan

PY - 2023/11

Y1 - 2023/11

N2 - This paper examines whether foreign institutional investors’ investment horizon affects investment efficiency across 17 emerging markets. We find that long-term foreign institutional investors are associated with an enhancement in investment efficiency, particularly in firms susceptible to overinvestment and agency problems.

AB - This paper examines whether foreign institutional investors’ investment horizon affects investment efficiency across 17 emerging markets. We find that long-term foreign institutional investors are associated with an enhancement in investment efficiency, particularly in firms susceptible to overinvestment and agency problems.

KW - Emerging markets

KW - Foreign institutional investors

KW - Investment efficiency

KW - Investment horizon

UR - https://www.scopus.com/pages/publications/85171524037

U2 - 10.1016/j.econlet.2023.111340

DO - 10.1016/j.econlet.2023.111340

M3 - Article

SN - 0165-1765

VL - 232

JO - Economics Letters

JF - Economics Letters

M1 - 111340

ER -

Foreign institutional investment horizon and investment efficiency in emerging markets

Abstract

Keywords

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