Transparency And International Portfolio Holdings  

Oleh:

Gelos, R. Gaston ; Shang-Jin, Wei

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: The Journal of Finance (EBSCO) vol. 60 no. 6 (Dec. 2005), page 2987-3020.
Topik: portfolio; securities regulations; internal finance; portfolio management; investment policy; correlation analysis; studies; emerging markets; many countries
Fulltext: p 2987.pdf (175.83KB)

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

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Isi artikel

Does country transparency affect international portfolio investment ? We examine the question by constructing new measures of transparency and by making use of a unique microdata set on portfolio holdings of emerging market funds around the world. We distinguish between government and corporate transparency. There is clear evidence that funds systematically invest less in transparent countries. Moreover, funds have a greater propensity to exit nontransparent countries during crises.

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