Revisiting the impact of foreign portfolio investment on stock market performance during COVID-19 pandemic uncertainty: Evidence from India

This paper re-examines the causality between stock returns and foreign portfolio investment (FPI) flows in the Indian context during the COVID-19 pandemic. Using the Covid-19 index constructed by Narayan et al. [19] • Bi-directional causality runs from FPI flows to stock return during the initial pe...

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Detalles Bibliográficos
Autores principales: Prabheesh, K.P., Kumar, Sanjiv, Shareef, Ameen Omar
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Elsevier 2022
Materias:
Method Article
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9797219/
https://www.ncbi.nlm.nih.gov/pubmed/36593928
http://dx.doi.org/10.1016/j.mex.2022.101988
Descripción
Sumario:This paper re-examines the causality between stock returns and foreign portfolio investment (FPI) flows in the Indian context during the COVID-19 pandemic. Using the Covid-19 index constructed by Narayan et al. [19] • Bi-directional causality runs from FPI flows to stock return during the initial period of COVID. • In the second period, unidirectional causality runs from FPI flows to stock returns.

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