Year of Graduation
Effect of the Structure of Investors on the Dynamics of the Stock Market
In this paper the impact of investor structure on the dynamics of government bond yields was analized. The share of non-residents was chosen as a variable characterizing the investor base. The study was conducted on a sample of emerging markets using a common methodology. As a result, significant evaluation were obtained, the impact of the share of non-residents was positive. The result is the opposite to the findings obtained by other researchers on samples of the developed markets.