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Foreign capital flows and stock market – Case study in Vietnam for foreign investors’ decision of trading and their ownership

By: Ngo Van Man - VNP 17

Supervisor: Dr. Nguyen Trong Hoai

Foreign capital flow in empirical studies has recently recovered into the developing countries and emerging markets. Their impact on growth of such countries has empirically increased and also created some negative temporary effects. Foreign direct investment positive correlates to growth, meanwhile portfolio investment seems to be negative correlated with it. One of such effects through stock market is blamed for the crisis. This paper aims to evaluate how firm’s characteristics affect to foreign investors in their investment both in buying and selling decision into listed firms in Vietnam stock market and to figure out their longer positions after that.

Keywords: Foreign investors, Stock market, Firm characteristic