RDP 2004-05: Big Fish in Small Ponds: The Trading Behaviour and Price Impact of Foreign Investors in Asian Emerging Equity Markets Equation (1)

f i,t = a i,0 + a i1 f i,t1 ++ a i5 f i,t5 + a i6 r i,t + a i7 x t1 ++ a i11 x t5 + ε it MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaamOzamaaBa aaleaacaWGPbGaaiilaiaadshaaeqaaOGaeyypa0JaamyyamaaBaaa leaacaWGPbGaaiilaiaaicdaaeqaaOGaey4kaSIaamyyamaaBaaale aacaWGPbGaaGymaaqabaGccaWGMbWaaSbaaSqaaiaadMgacaGGSaGa amiDaiabgkHiTiaaigdaaeqaaOGaey4kaSIaeSOjGSKaey4kaSIaam yyamaaBaaaleaacaWGPbGaaGynaaqabaGccaWGMbWaaSbaaSqaaiaa dMgacaGGSaGaamiDaiabgkHiTiaaiwdaaeqaaOGaey4kaSIaamyyam aaBaaaleaacaWGPbGaaGOnaaqabaGccaWGYbWaaSbaaSqaaiaadMga caGGSaGaamiDaaqabaGccqGHRaWkcaWGHbWaaSbaaSqaaiaadMgaca aI3aaabeaakiaadIhadaWgaaWcbaGaamiDaiabgkHiTiaaigdaaeqa aOGaey4kaSIaeSOjGSKaey4kaSIaamyyamaaBaaaleaacaWGPbGaaG ymaiaaigdaaeqaaOGaamiEamaaBaaaleaacaWG0bGaeyOeI0IaaGyn aaqabaGccqGHRaWkcqaH1oqzdaWgaaWcbaGaamyAaiaadshaaeqaaa aa@700D@