Which Investors Fear Expropriation ? Evidence From Investors' Portfolio Choices  

Oleh:

Giannetti, Mariassunta ; Simonov, Andrei

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: The Journal of Finance (EBSCO) vol. 61 no. 3 (Jun. 2006), page 1507-1548.
Topik: portfolio; investment policy; corproate governance; studies; correlation analysis
Fulltext: p 1507.pdf (237.63KB)

Ketersediaan

Perpustakaan Pusat (Semanggi) Nomor Panggil: JJ88 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

Lihat Detail Induk

Isi artikel

Using a data set that provides unprecedented detail on investors' stockholdings, we analyze whether investors take the quality of corporate governance into account when selecting stocks. We find that all categories of investors (domestic and forign, institutional and small individual) who generally enjoy only security benefits are reluctant to invest in companies with weak corporate givernance. in contract, individuals connected with company insiders are more likely to invest in wear corporate governance companies. These findings suggest that it is important to distinguish between investors who enjoy private benefits or access private information, and investors who enjoy only security benefits.

Opini Anda

Klik untuk menuliskan opini Anda tentang koleksi ini!

Kembali