Investor sentiment and foreign financial flows: Evidence from South Africa

@article{Muguto2019InvestorSA,
  title={Investor sentiment and foreign financial flows: Evidence from South Africa},
  author={Hilary Tinotenda Muguto and Lorraine Rupande and Paul-Francois Muzindutsi},
  journal={Zbornik radova Ekonomskog fakulteta u Rijeci : {\vc}asopis za ekonomsku teoriju i praksu},
  year={2019},
  volume={37},
  pages={473-498}
}
Foreign financial flows to emerging markets have increasingly become important following the opening of financial markets globally. These financial flows are a function of a country’s fundamentals related to future productivity. However, macroeconomic fundamentals cannot explain some of the patterns in these financial flows, especially in emerging markets. In this study, we tested whether investor sentiment can be used as an alternative explanation for the foreign financial flows in South… 
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