The liability of foreignness in international equity investments : evidence from the US stock market

Using foreign institutional ownership data in the US from 1990 to 2007, we examine whether foreign institutional investors face liabilities of foreignness (LOF) in the US stock market. We find that foreign institutional investors prefer low information asymmetry stocks more than domestic institution...

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Bibliographic Details
Main Authors: Baik, Bok, Kang, Jun-Koo, Kim, Jin-Mo, Lee, Joonho
Other Authors: Nanyang Business School
Format: Article
Language:English
Published: 2013
Subjects:
Online Access:https://hdl.handle.net/10356/99303
http://hdl.handle.net/10220/17408
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Institution: Nanyang Technological University
Language: English