الاستثمار الأجنبي المحفظي : دراسة نظرية

الملخص EN

This study aims to shed light on one of the forms of international capital flows, which is foreign portfolio investment through addressing the concept of this type of investment and highlighting the positive and negative aspects in it, and clarify the theories that explain it and its determinants.

To achieve these objectives we used the descriptive approach that is consistent with the nature of the subject.

The study showed many results, the most important of which is that foreign portfolio investment has many positive aspects, through investing in foreign securities can activate the domestic financial market and finance economic development in developing countries, but it should not be overlooked cons of foreign portfolio investment, where usually Its inflows are volatile and unstable given the short-term nature of this type of investment.

The study also showed that the determinants of foreign portfolio investment are: external factors associated with the global economic environment such as the increasing international trend towards This is known as financial liberalization, economic cycles in developed countries, the trend towards investment in global markets, and internal factors that are related to the recipient country of foreign investment, including the macroeconomic factors of these countries and the factors related to the financial market.

The study recommended the need to provide a range of incentives to foreign investors in order to reduce the volatility of foreign portfolio investment and to make the most of it.