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Cited by 1,252

The DOI matches its Crossref record; 25 of the 25 references it cites were found in a registry or an index.

International Portfolio Investment Flows

BRENNAN, MICHAEL J., CAO, H. HENRY·1997·The Journal of Finance
DOI 10.1111/j.1540-6261.1997.tb02744.x
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Abstract

This article develops a model of international equity portfolio investment flows based on differences in informational endowments between foreign and domestic investors. It is shown that when domestic investors possess a cumulative information advantage over foreign investors about their domestic market, investors tend to purchase foreign assets in periods when the return on foreign assets is high and to sell when the return is low. The implications of the model are tested using data on United States (U.S.) equity portfolio flows.

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Crossref · 10.1111/j.1540-6261.1997.tb02744.x

Cites

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Metadata

Authors
BRENNAN, M. J., & CAO, H. H.
Venue
The Journal of Finance
Publisher
Wiley
Published
1997-12
Volume
52
Issue
5
Pages
1851-1880
ISSN
  • 0022-1082 (ISSN-L)
  • 1540-6261
DOI
10.1111/j.1540-6261.1997.tb02744.x
OpenAlex
W2139163404
Cited by
1,252
References
25
FWCI
30.67
Type
journal article
Language
en
Open access
closed

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CoChat. (2026). Citation check: International Portfolio Investment Flows. https://app.cochat.ai/papers/10.1111/j.1540-6261.1997.tb02744.x
The paper
BRENNAN, M. J., & CAO, H. H. (1997). International Portfolio Investment Flows. The Journal of Finance. https://doi.org/10.1111/j.1540-6261.1997.tb02744.x

Data sources

Bibliographic data: Semantic Scholar, OpenAlex, Crossref.

Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).

Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.