Liquidity and foreign ownership restrictions

被引:0
|
作者
Lau, ST
McCorry, MS
McInish, TH
机构
[1] NANYANG TECHNOL UNIV,NANYANG,SINGAPORE
[2] UNIV SYDNEY,SYDNEY,NSW 2006,AUSTRALIA
[3] UNIV MEMPHIS,MEMPHIS,TN 38152
关键词
liquidity; international; foreign ownership restrictions;
D O I
10.1016/S0165-1765(97)00119-5
中图分类号
F [经济];
学科分类号
02 ;
摘要
We examine foreign ownership restrictions that lead to the separate trading of shares that are eligible and not eligible for registration by foreign owners. We document a statistically significant decline in Liquidity for investors following the beginning of separate trading of the foreign and domestic tranches. (C) 1997 Elsevier Science S.A.
引用
收藏
页码:85 / 88
页数:4
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