Please use this identifier to cite or link to this item:
http://hdl.handle.net/10397/7038
DC Field | Value | Language |
---|---|---|
dc.contributor | School of Accounting and Finance | - |
dc.creator | Li, D | - |
dc.creator | Nguyen, QN | - |
dc.creator | Pham, PK | - |
dc.creator | Wei, S | - |
dc.date.accessioned | 2014-12-11T08:26:57Z | - |
dc.date.available | 2014-12-11T08:26:57Z | - |
dc.identifier.issn | 0022-1090 | - |
dc.identifier.uri | http://hdl.handle.net/10397/7038 | - |
dc.language.iso | en | en_US |
dc.publisher | Cambridge University Press | en_US |
dc.rights | COPYRIGHT 2011, MICHAEL G. FOSTER SCHOOL OF BUSINESS, UNIVERSITY OF WASHINGTON, SEATTLE, WA 98195 | en_US |
dc.rights | The following article " Donghui Li, Quang N. Nguyen, Peter K. Pham and Steven X. Wei (2011). Large Foreign Ownership and Firm-Level Stock Return Volatility in Emerging Markets. Journal of Financial and Quantitative Analysis, 46(4), pp 1127-1155. doi:10.1017/S0022109011000202." is available at http://journals.cambridge.org/action/displayAbstract?fromPage=online&aid=8369131 | en_US |
dc.subject | Business groups | en_US |
dc.subject | Corporate governance | en_US |
dc.subject | Institutional investors | en_US |
dc.subject | Equity ownership | en_US |
dc.subject | Economic-growth | en_US |
dc.subject | Home bias | en_US |
dc.subject | Liberalization | en_US |
dc.subject | World | en_US |
dc.subject | Globalization | en_US |
dc.subject | Determinants | en_US |
dc.title | Large foreign ownership and firm-level stock return volatility in emerging markets | en_US |
dc.type | Journal/Magazine Article | en_US |
dc.description.otherinformation | Author name used in this publication: Steven X. Wei | en_US |
dc.identifier.spage | 1127 | - |
dc.identifier.epage | 1155 | - |
dc.identifier.volume | 46 | - |
dc.identifier.issue | 4 | - |
dc.identifier.doi | 10.1017/S0022109011000202 | - |
dcterms.abstract | This study constructs a firm-level measure of large foreign ownership (LFO) and investigates its impact on stock return volatility in 31 emerging markets. We find a negative relationship between LFO and volatility, even after controlling for potential endogeneity and the impact of major domestic shareholders. This suggests a stabilizing role of LFO in emerging markets, which is consistent with previous suggestions in the literature on the strong commitments and potential monitoring role of large foreign shareholders. Overall, our study highlights the importance of recognizing the heterogeneity among foreign investors and the benefits of large foreign shareholders to emerging stock markets. | - |
dcterms.accessRights | open access | en_US |
dcterms.bibliographicCitation | Journal of financial and quantitative analysis, Sept. 2011, v. 46, no. 4, p. 1127-1155 | - |
dcterms.isPartOf | Journal of financial and quantitative analysis | - |
dcterms.issued | 2011-09 | - |
dc.identifier.isi | WOS:000295117000009 | - |
dc.identifier.scopus | 2-s2.0-80053070722 | - |
dc.identifier.eissn | 1756-6916 | - |
dc.identifier.rosgroupid | r51349 | - |
dc.description.ros | 2010-2011 > Academic research: refereed > Publication in refereed journal | - |
dc.description.oa | Version of Record | en_US |
dc.identifier.FolderNumber | OA_IR/PIRA | en_US |
dc.description.pubStatus | Published | en_US |
Appears in Collections: | Journal/Magazine Article |
Files in This Item:
File | Description | Size | Format | |
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Li_Foreign_Ownerships_Stock.pdf | 155.6 kB | Adobe PDF | View/Open |
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