Foreign Investor Trading and Stock Market Stability: Evidence from VN30

Abudy, M. & Shust, E. (2022). Does Market Design Contribute to Market Stability? Indications from a Corporate Bond Exchange During the COVID-19 Crisis. Journal of Economics and Business. https://doi.org/10.1016/j.jeconbus.2022.106105

Alfredo, M.O. & Vicente, S.F. (2010). I.T. Investment and Intangibles: Evidence from Banks. SSRN Working Paper Series.

Amihud, Y. (2002). Illiquidity and Stock Returns: Cross-section and Time Series Effects. Journal of Financial Markets, 5(1), 31-56. https://doi.org/10.1016/S1386-4181(01)00024-6

Badhani, K.N. & Kumar, A. (2020). Market Timing Skill of Foreign Portfolio Investors in India. IIMB Management Review, 32(1), 24-38. https://doi.org/10.1016/j.iimb.2019.07.012

Conterius, S. et al. (2023). Do Foreign Investors Have a Positive Impact on the Domestic Government Bonds Market? A Panel Pooled Mean Group Approach. Economic Analysis and Policy, 77, 863-875. https://dx.doi.org/10.1016/j.eap.2022.12.031

Coval, J.D. & Moskowitz, T.J. (1999). Home Bias at Home: Local Equity Preference in Domestic Portfolios. Journal of Finance, 54(6), 2045-2073. https://doi.org/10.1111/0022-1082.00181

Dang, C.H. (2022). Capacity of Individual Investors in Vietnam’s Stock Market: Current Situation and Some Improvement Solutions. Financial and Monetary Forum. <https://thitruongtaichinhtiente.vn/nang-luc-cua-nha-dau-tu-ca-nhan-tren-thi-truong-chung-khoan-viet-nam-thuc-trang-va-mot-so-giai-phap-cai-thien-40000.html> Accessed 10.1.2023.

Froot, K., O’Connell, P. & Seasholes, M. (2001). The Portfolio Flows Of International Investors. Journal of Financial Economics, 59, 151-193. https://doi.org/10.1016/S0304-405X(00)00084-2

Gardini, L. et al. (2022). Causes of Fragile Stock Market Stability. Journal of Economic Behavior & Organization, 200, 483-498. https://doi.org/10.1016/j.jebo.2022.06.009

Ho, E.H.C. (2022). Foreign Participation In Local Currency Government Bond Markets in Emerging Asia: Benefits and Pitfalls to Market Stability. Journal of International Money and Finance. https://doi.org/128. 10.1016/j.jimonfin.2022.102699

Huang, Z., Tang, Q. & Huang, S. (2020). Foreign Investors and Stock Price Crash Risk: Evidence from China. Economic analysis and policy, 68, 210-223. https://doi.org/10.1016/j.eap.2020.09.016

Iwatsubo, K. & Watkins, C. (2021). The Changing Role of Foreign Investors in Tokyo Stock Price Formation. Pacific-Basin Finance Journal, 67. https://doi.org/10.1016/j.pacfin.2021.101548

Jiang, C.X., Kim, J-C. & Zhou, D. (2011). Liquidity, Analysts, and Institutional Ownership. International Review of Financial Analysis, 20(5), 335–344. https://doi.org/10.1016/j.irfa.2011.06.004

Kamesaka, A., Nofsinger, J. & Kawakita, H. (2003). Investment Patterns and Performance of Investor Groups in Japan. Pacific-Basin Finance Journal, 11, 1-22. http://dx.doi.org/10.1016/S0927-538X(02)00095-1

Kim, C. & Pantzalis, C. (2003). Global/Industrial Diversification and Analysts Herding. Financial Analysts Journal, 59, 69-79. https://doi.org/10.2469/faj.v59.n2.2515

Li, Y., Han, M., Faff, R. & Zhang, H. (2022). Foreign Ownership and Stock Liquidity Uncertainty. Journal of International Finance Markets, Institutions and Money, 81. https://doi.org/10.1016/j.intfin.2022.101673

Lin, A. Y. & Swanson, P. E. (2008). Foreigners’ Perceptions of U.S. Markets: Do Foreigners Exhibit Herding Tendencies. Journal of Economics and Business, 60, 179–203. https://doi.org/10.1016/j.jeconbus.2007.03.003

Lin, T.C, Liu, J. & Ni, X. (2022). Foreign Bank Entry Deregulation and Stock Market Stability: Evidence from Staggered Regulatory Changes. Journal of Empirical Finance, 69, 185-207.

Nguyen, T.X.H. et al. (2020). The Impact of Foreign Ownership and Managment on Firm Perormance in Vietnam. The Journal of Asian Finance, Economics and Business, 7(9), 409-418.

Nofsinger, J.R. & Sias, R.W. (1999). Herding and Feedback Trading by Institutional and Individual Investors. Journal of Finance, 54, 2263–2295.

Onishchenko, O. & Ülkü, N. (2019). Foreign Investor Trading Behavior Has Evolved. Journal of Multinational Financial Management, 51, 98-115.

Phung, D.N, Le, T.P.V. (2013). Foreign Ownership, Capital Structure and Firm Performance: Empirical Evidence from Vietnamese Listed Firms. Journal of Corporate Governance, 12(2), 40-58.

Poon, S.H. & Granger, C. (2019). Practical Issues in Forecasting Volatility. Financial Analysts Journal, 61(1), 403-439.

Porrasa, E. & Ülküb, N. (2015). Foreigners’ Trading and Stock Returns in Spain, Journal of International Financial Markets, Institutions and Money, 34, 111–126.

Richards, A. (2005). Big Fish in Small Ponds: The Trading Behavior and Price Impact of Foreign Investors in Asian Emerging Equity Markets. Journal of Financial and Quantitative Analysis, 40, 1-27.

Reen, T.A. & Râzli, M.N. (2016). The Dynamics of House Volatility in Malaysia. Journal of Technology Management and Business, 3(2).

Schwert, G.W. (1990). Stock Returns and Real Activity: A Century of Evidence. Journal of Finance, 45(4), 1237-1257.

Slovic, P. (1972). Psychological Study of Human Judgment: Implications for Investment Decision Making. Journal of Finance, 27(4), 779-799.

Vo, X.V (2014). Foreign Ownership and Firm Performance - Evidence in Vietnam. Journal of Economic Development, 221, 85-104.

Vo, X.V. (2015). Foreign Ownership and Stock Return Volatility - Evidence from Vietnam. Journal of Multinational Financial Management, 30.

Vo, X.V. (2016). Foreign Ownership and Stock Market Liquidity - Evidence from Vietnam. Afro-Asian Journal of Finance and Accounting, 6(1), 1-12.

Vo, X.V. (2017). Do Foreign Investors Improve Stock Price Informativeness in Emerging Equity Markets? Evidence from Vietnam. Research in International Business and Finance, 42, 986-991.

Xie, W. et al. (2022). Does a National Industrial Policy Promote Financial Market Stability? A Study Based on Stock Price Crash Risk. China Journal of Accounting Research, 15(4).

Zhou, W., Zhong, G.Y. & Li, J.C. (2022). Stability of Financial Market Driven by Information Delay and Liquidity in Delay Agent-based Model. Physica A: Statistical Mechanics and Its Applications, 60.