Crossing Borders: Foreign Investment and Sentiment in Korea

IF 16.4 1区化学 Q1 CHEMISTRY, MULTIDISCIPLINARY Accounts of Chemical Research Pub Date : 2019-03-01 DOI:10.1080/1226508X.2019.1587310

Inbin Hwang, Deokjong Jeong, Sunyoung Park

引用次数: 0

Abstract

ABSTRACT This study examines the effect of global investor sentiment on capital inflows in the Korean stock and bond markets using textual analysis. First, we conclude that global investor sentiment about Korea causes fluctuations in capital inflows to the Korean stock market. Second, global investor sentiment about Korea causes foreign investors to modify their investments but not by enough to cause drastic changes. Third, positive sentiment about Asia-Pacific countries results in more foreign investment in Korea. The results suggest that research on global investor sentiment provides insight into the determinants of capital flows and has implications for capital flow management policies.

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跨越国界:韩国的外国投资和情绪

摘要本研究采用文本分析的方法考察了全球投资者情绪对韩国股票和债券市场资本流入的影响。首先，我们得出结论，全球投资者对韩国的情绪导致资本流入韩国股市的波动。第二，全球投资者对韩国的情绪会导致外国投资者调整投资，但不足以引起剧烈的变化。第三，对亚太国家的乐观情绪导致外国投资增加。结果表明，对全球投资者情绪的研究提供了对资本流动决定因素的洞察，并对资本流动管理政策具有启示意义。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Accounts of Chemical Research 化学-化学综合

CiteScore

31.40

自引率

1.10%

发文量

312

审稿时长

2 months

期刊介绍： Accounts of Chemical Research presents short, concise and critical articles offering easy-to-read overviews of basic research and applications in all areas of chemistry and biochemistry. These short reviews focus on research from the author’s own laboratory and are designed to teach the reader about a research project. In addition, Accounts of Chemical Research publishes commentaries that give an informed opinion on a current research problem. Special Issues online are devoted to a single topic of unusual activity and significance. Accounts of Chemical Research replaces the traditional article abstract with an article "Conspectus." These entries synopsize the research affording the reader a closer look at the content and significance of an article. Through this provision of a more detailed description of the article contents, the Conspectus enhances the article's discoverability by search engines and the exposure for the research.