How foreign investors influence stock markets? The Saudi Arabian experience

References

• Ahmed, W. M. A. (2016). Cross-border equity flows and market volatility: The case of Qatar exchange. International Journal of Emerging Markets, 11(3), 395–418. doi: 10.1108/IJOEM-11-2013-0177
   Web of Science ®Google Scholar
• Alkhareif, R. (2016). Are there significant premiums in the Saudi stock market? Finance Research Letters, 18(3), 108–115. doi: 10.1016/j.frl.2016.04.007
   Google Scholar
• Almutairi, A. M. (2017). Protecting the rights of local shareholders under the Saudi rules for qualified foreign financial institutions investments in listed shares. Melbourne: Victoria University.
   Google Scholar
• Amihud, Y. (2002). Illiquidity and stock returns: cross-section and time-series effects. Journal of Financial Markets, 5(1), 31–56. doi: 10.1016/S1386-4181(01)00024-6
   Web of Science ®Google Scholar
• Beatson, S. A., Chen, J., & Yao, S. (2014). Foreign Investment, Corporate Governance & Performance in the Chinese Listed A Share Companies. China Policy Institute, University of Nottingham, Working Paper No. 18.
   Google Scholar
• Bekaert, G., & Harvey, C. R. (2000). Foreign speculators and emerging equity markets. The Journal of Finance, 55(2), 565–613. doi: 10.1111/0022-1082.00220
   Web of Science ®Google Scholar
• Ben Rejeb, A., & Ben Salha, O. (2013). Financial crises and emerging stock markets volatility: Do internal factors matter? Macroeconomics & Finance in Emerging Market Economies, 6(1), 146–165. doi: 10.1080/17520843.2012.698630
   Google Scholar
• Boulton, T. J., & Braga-Alves, M. V. (2010). The skinny on the 2008 naked short-sale restrictions. Journal of Financial Markets, 13(4), 397–421. doi: 10.1016/j.finmar.2010.05.002
   Web of Science ®Google Scholar
• Brennan, M. J., & Cao, H. H. (1997). International portfolio investment flows international portfolio investment flows. The Journal of Finance, 52(5), 1851–1880. doi: 10.1111/j.1540-6261.1997.tb02744.x
   Web of Science ®Google Scholar
• Brown, S. J., & Warner, J. B. (1985). Using daily stock returns: The case of event studies. Journal of Financial Economics, 14(1), 3–31. doi: 10.1016/0304-405X(85)90042-X
   Web of Science ®Google Scholar
• Chan, K., Kot, H. W., & Yang, Z. (2010). Effects of short-sale constraints on stock prices and trading activity: Evidence from Hong Kong and Mainland China. SSRN Electronic Journal. doi: 10.2139/ssrn.1572067
   Google Scholar
• Chang, E. C., Cheng, J. W., & Yu, Y. (2007). Short-sales constraints and price discovery: Evidence from the Hong Kong market. The Journal of Finance, 62(5), 2097–2121. doi: 10.1111/j.1540-6261.2007.01270.x
   Web of Science ®Google Scholar
• Chen, Y.-F., Wang, C.-Y., & Lin, F.-L. (2008). Do qualified foreign institutional investors herd in Taiwan’s securities market? Emerging Markets Finance & Trade, 44(4), 62–74. doi: 10.2753/REE1540-496X440405
   Web of Science ®Google Scholar
• Choe, H., Kho, B.-C., & Stulz, R. M. (1999). Do foreign investors destabilize stock markets? The Korean experience in 1997. Journal of Financial Economics, 54(2), 227–264. doi: 10.1016/S0304-405X(99)00037-9
   Web of Science ®Google Scholar
• Diyarbakirlioglu, E. (2011). Foreign equity flows and the ‘Size Bias’: Evidence from an emerging stock market. Emerging Markets Review, 12(4), 485–509. doi: 10.1016/j.ememar.2011.08.002
   Web of Science ®Google Scholar
• Fratzscher, M. (2012). Capital flows, push versus pull factors and the global financial crisis. Journal of International Economics, 88(2), 341–356. doi: 10.1016/j.jinteco.2012.05.003
   Web of Science ®Google Scholar
• French, J. J., & Li, W. (2012). A note on US institutional equity flows to Brazil. Review of Accounting and Finance, 11(3), 298–315. doi: 10.1108/14757701211252609
   Google Scholar
• Froot, K. A., O’Connell, P. G. J., Seasholes, M. S., Conroy, M., & Garvey, B. (2001). The portfolio flows of international investors. Journal of Financial Economics, 59, 151–193. doi: 10.1016/S0304-405X(00)00084-2
   Web of Science ®Google Scholar
• Helmes, U., Henker, J., & Henker, T. (2011). The effect of the ban on short selling on market efficiency and volatility. In Financial Management Association. Denver, CO.
   Google Scholar
• Henry, P. B. (2000). Stock market liberalization, economic reform, and emerging market equity prices. The Journal of Finance, 55(2), 529–564. doi: 10.1111/0022-1082.00219
   Web of Science ®Google Scholar
• Kaminsky, G., Lyons, R. K., & Schmukler, S. L. (2004). Managers, investors, and crises: Mutual fund strategies in emerging markets. Journal of International Economics, 64(1), 113–134. doi: 10.1016/S0022-1996(03)00075-8
   Web of Science ®Google Scholar
• Levine, R., & Zervos, S. (1998). Capital control liberalization and stock market development. World Development, 26(7), 1169–1183. doi: 10.1016/S0305-750X(98)00046-1
   Web of Science ®Google Scholar
• Malkin, A. (2016). Agents of change: The role of foreign financial institutions in China’s financial Transformation since the early 1990s.. Wilfred Laurier University. Retrieved from http://scholars.wlu.ca/etd
   Google Scholar
• Morck, R., Yeung, B., & Yu, W. (2000). The information content of stock markets: Why do emerging markets have synchronous stock price movements? Journal of Financial Economics, 58(1), 215–260. doi: 10.1016/S0304-405X(00)00071-4
   Web of Science ®Google Scholar
• Nielsson, U. (2009). Stock exchange merger and liquidity: The case of Euronext. Journal of Financial Markets, 12(2), 229–267. doi: 10.1016/j.finmar.2008.07.002
   Web of Science ®Google Scholar
• Peranginangin, Y., Ali, A., Brockman, P., & Zurbruegg, R. (2016). The impact of foreign trades on emerging market liquidity. Pacific-Basin Finance Journal, 40(4), 1–16. doi: 10.1016/j.pacfin.2016.07.002
   Google Scholar
• Rhee, S. G., & Wang, J. (2009). Foreign institutional ownership and stock market liquidity: Evidence from Indonesia. Journal of Banking & Finance, 33(7), 1312–1324. doi: 10.1016/j.jbankfin.2009.01.008
   Web of Science ®Google Scholar
• SAMBA. (2009). The Saudi Stock Market: Structural Issues, Recent Performance and Outlook. Samba Financial Group, Riyadh, Saudi Arabia.
   Google Scholar
• Schuppli, M., & Bohl, M. T. (2010). Do foreign institutional investors destabilize China’s A-share markets? Journal of International Financial Markets, Institutions and Money, 20(1), 36–50. doi: 10.1016/j.intfin.2009.10.004
   Web of Science ®Google Scholar
• Sharif, S. (2015). Market reaction to the Karachi stock exchange floor imposition. South Asian Journal of Global Business Research, 4(2), 275–291. doi: 10.1108/SAJGBR-06-2014-0039
   Google Scholar
• Sharif, S. (2016). How foreign investors influence stock markets? The Saudi Arabian experience. Working Paper, Social Science Research Network.
   Google Scholar
• Sharif, S., Anderson, H. D., & Marshall, B. R. (2014). Against the tide: The commencement of short selling and margin trading in mainland China. Accounting and Finance, 54(4), 1319–1355. doi: 10.1111/acfi.12032
   Web of Science ®Google Scholar
• Tesar, L. L., & Werner, I. M. (1995). U. S. Equity Investment in Emerging Stock Markets. The World Bank Economic Review, 9(1), 109–129. doi: 10.1093/wber/9.1.109
   Web of Science ®Google Scholar
• Ulussever, T. (2011). The day-of-the-week effect in the Saudi stock exchange: A non-linear GARCH analysis. Journal of Economic and Social Studies, 1(1), 9–23. doi: 10.14706/JECOSS11112
   Google Scholar
• Vo, X. V. (2016). Foreign investors and corporate risk taking behavior in an emerging market. Finance Research Letters, 18(3), 273–277. doi: 10.1016/j.frl.2016.04.027
   Google Scholar