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The Impact of Foreign Portfolio Investment in The Financial Depth Index: An Analytical Study in The Iraqi Stock Market For The Period (2010-2020) | ||
| TANMIYAT AL-RAFIDAIN | ||
| Article 7, Volume 42, Issue 137, 2023, Pages 121-137 PDF (677.24 K) | ||
| Document Type: Research Paper | ||
| DOI: 10.33899/tanra.2023.177388.1230 | ||
| Authors | ||
| Wisam KH. J. Al-Hilaly* 1; Doaa N. AL-Husseini2 | ||
| 1Department of Finance and Banking Sciences, College of Administration and Economics, University of Mosul, Mosul, Iraq. | ||
| 2Department of Finance and Banking Sciences, College of Administration and Economics, University of Mosul, Mosul, Iraq | ||
| Abstract | ||
| The research aims to shed light on the concept of foreign portfolio investment and the importance of this type of investment to attract foreign capital to stimulate the stock market, And to identify the most important advantages provided by foreign portfolio investment and the extent of its reflection on the financial depth index, And then measure and analyze the impact of portfolio foreign investment and some macroeconomic variables (inflation rate - the exchange rate - interest rate) on the financial depth index in the Iraqi stock market, The descriptive and analytical approach, and econometrics approach were used in building the model based on the Eviwes 10 program, As well as using the Autoregressive Distributed Lags (ARDL) model, The research problem centered on the following question: "What is the impact of portfolio foreign investment flows on the financial depth index in the Iraqi Stock Market". The study was applied to the Iraq Stock Exchange for an annual data series for the period (2010-2020), And as the results showed that the financial depth index was not significant in the used regression model, The study recommends working on the development of investment agencies to provide accurate information regarding available investment opportunities, As well as offering tax incentives to investors who hold shares for a certain period. | ||
| Keywords | ||
| Foreign Portfolio Investment; Financial Depth; Enhanced Momentum Strategy | ||
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