Local institutional investors and corporate monitoring: Evidence from cross-listed Korean stocks in the US market

Local institutional investors and corporate monitoring: Evidence from cross-listed Korean stocks in the US market

Using Korean firms that are cross-listed in the US market, this paper investigates whether there are standalone effects of geographic and market proximity of institutional investors on monitoring performance. We find that Korean institutional ownership is negatively associated with earnings manageme...

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Bibliographic Details
Main Authors: CHOI, Changhwan, CHUNG, Chune Young, SONG, Jun Myung
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2024
Subjects:
Corporate governance
Cross-listed firms
Earnings management
Geographic proximity
Market proximity
Finance
Finance and Financial Management
Online Access:https://ink.library.smu.edu.sg/skbi/36
https://ink.library.smu.edu.sg/context/skbi/article/1035/viewcontent/Local_Institutional_Investors_and_Corporate_Monitoring_Evidence_from_Cross_Listed_Korean_Stocks_in_the_US_Market.pdf
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Institution: Singapore Management University
Language: English

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https://ink.library.smu.edu.sg/skbi/36
https://ink.library.smu.edu.sg/context/skbi/article/1035/viewcontent/Local_Institutional_Investors_and_Corporate_Monitoring_Evidence_from_Cross_Listed_Korean_Stocks_in_the_US_Market.pdf

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