Foreign investors in Taiwan: Their roles and government perspectives |
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Authors: | Donald Lien Ming-Chung Tseng Soushan Wu |
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Institution: | 1. College of Business, University of Texas at San Antonio, One UTSA Circle, San Antonio, TX 78249-0631, U.S.A.;2. Financial Supervisory Commission, R.O.C.;3. Gre Tai Securities Market, R.O.C., Taiwan Securities & Futures Institute, and National Taiwan Normal University |
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Abstract: | This article describes the financial liberalization process in Taiwan and evaluates the effects of foreign institutional investors on Taiwan's stock market. Gradual liberalization allowed Taiwan to reap the benefits while reducing the harmful impacts of foreign participation during the Asian financial crisis. Overall, the liberalization policies proved to be effective as the stock market has become more stable and efficient. Foreign institutional investors contribute significant growth to the Taiwan stock market, and will continue to play a sizeable role in its future development. |
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Keywords: | Taiwan Stock market Foreign institutional investor Financial liberalization Trading behavior |
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