International equity portfolio investment and enforcement of insider trading laws: a cross-country analysis
In this study, we examine the effects of stringent insider trading laws’ enforcement, institutions and stock market development on international equity portfolio allocation using data from 44 countries over the period 2001-2015. Our results suggest that stringent insider trading laws and their enfor...
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| Format: | Article |
| Language: | English |
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Springer
2018
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| Online Access: | https://eprints.nottingham.ac.uk/55074/ |
| _version_ | 1848799113117696000 |
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| author | Kwabi, Frank O. Boateng, Agyenim Adegbite, Emmanuel |
| author_facet | Kwabi, Frank O. Boateng, Agyenim Adegbite, Emmanuel |
| author_sort | Kwabi, Frank O. |
| building | Nottingham Research Data Repository |
| collection | Online Access |
| description | In this study, we examine the effects of stringent insider trading laws’ enforcement, institutions and stock market development on international equity portfolio allocation using data from 44 countries over the period 2001-2015. Our results suggest that stringent insider trading laws and their enforcement exert a positive and significant impact on international portfolio investment allocation. Further analysis indicates that the interaction between a country’s institutional quality, stock market development and enforcement of insider trading laws have a positive and significant effect on international equity portfolio allocation. The findings of this study have implications for the design of portfolio investment trading strategies and contribute to the literature on foreign equity investment decisions. |
| first_indexed | 2025-11-14T20:30:30Z |
| format | Article |
| id | nottingham-55074 |
| institution | University of Nottingham Malaysia Campus |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-14T20:30:30Z |
| publishDate | 2018 |
| publisher | Springer |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | nottingham-550742019-08-17T04:30:16Z https://eprints.nottingham.ac.uk/55074/ International equity portfolio investment and enforcement of insider trading laws: a cross-country analysis Kwabi, Frank O. Boateng, Agyenim Adegbite, Emmanuel In this study, we examine the effects of stringent insider trading laws’ enforcement, institutions and stock market development on international equity portfolio allocation using data from 44 countries over the period 2001-2015. Our results suggest that stringent insider trading laws and their enforcement exert a positive and significant impact on international portfolio investment allocation. Further analysis indicates that the interaction between a country’s institutional quality, stock market development and enforcement of insider trading laws have a positive and significant effect on international equity portfolio allocation. The findings of this study have implications for the design of portfolio investment trading strategies and contribute to the literature on foreign equity investment decisions. Springer 2018-08-17 Article PeerReviewed application/pdf en https://eprints.nottingham.ac.uk/55074/1/international%20equity%20portfolio.pdf Kwabi, Frank O., Boateng, Agyenim and Adegbite, Emmanuel (2018) International equity portfolio investment and enforcement of insider trading laws: a cross-country analysis. Review of Quantitative Finance and Accounting . ISSN 1573-7179 Insider trading laws; Institutional quality; Stock market development; Foreign equity portfolio flows http://dx.doi.org/10.1007/s11156-018-0751-4 doi:10.1007/s11156-018-0751-4 doi:10.1007/s11156-018-0751-4 |
| spellingShingle | Insider trading laws; Institutional quality; Stock market development; Foreign equity portfolio flows Kwabi, Frank O. Boateng, Agyenim Adegbite, Emmanuel International equity portfolio investment and enforcement of insider trading laws: a cross-country analysis |
| title | International equity portfolio investment and enforcement of insider trading laws: a cross-country analysis |
| title_full | International equity portfolio investment and enforcement of insider trading laws: a cross-country analysis |
| title_fullStr | International equity portfolio investment and enforcement of insider trading laws: a cross-country analysis |
| title_full_unstemmed | International equity portfolio investment and enforcement of insider trading laws: a cross-country analysis |
| title_short | International equity portfolio investment and enforcement of insider trading laws: a cross-country analysis |
| title_sort | international equity portfolio investment and enforcement of insider trading laws: a cross-country analysis |
| topic | Insider trading laws; Institutional quality; Stock market development; Foreign equity portfolio flows |
| url | https://eprints.nottingham.ac.uk/55074/ https://eprints.nottingham.ac.uk/55074/ https://eprints.nottingham.ac.uk/55074/ |