Please use this identifier to cite or link to this item: http://hdl.handle.net/11718/19583
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dc.contributor.authorGandhi, Shailesh
dc.contributor.authorDhingra, V. S.
dc.contributor.authorBulsara, H. P.
dc.date.accessioned2017-06-22T17:52:41Z
dc.date.available2017-06-22T17:52:41Z
dc.date.issued2016
dc.identifier.citationDhingra V.S., Gandhi S., Bulsara H.P. (2016). Foreign institutional investments in India: An empirical analysis of dynamic interactions with stock market return and volatility. IIMB Management Review, 28(4), 212-224.en_US
dc.identifier.urihttp://hdl.handle.net/11718/19583
dc.description.abstractThis paper investigates interactions of foreign institutional investments with market returns and market volatility in India using both static and dynamic models based on daily data. The findings of both models show foreign investors as positive feedback traders while investing in the Indian market, and as negative feedback traders during their withdrawal. Using the impulse response functions based on vector autoregression, we find strong evidence that foreign institutional investments destabilise the market, particularly with selling activities, as they significantly increase the volatility.en_US
dc.language.isoen_USen_US
dc.publisherElsevier Ltden_US
dc.subjectFeedback tradingen_US
dc.subjectForeign institutional investmentsen_US
dc.subjectImpulse response functionen_US
dc.subjectIndian capital marketen_US
dc.subjectTARCHen_US
dc.subjectVector autoregressionen_US
dc.titleForeign institutional investments in India: an empirical analysis of dynamic interactions with stock market return and volatilityen_US
dc.typeArticleen_US
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