Foreign versus local investors: Who knows more? Who makes more?

被引：51

作者：

Kalev, Petko S. ^{[1
]}

Nguyen, Ann H. ^{[1
]}

Oh, Natalie Y. ^{[1
]}

机构：

[1] Monash Univ, Fac Business & Econ, Dept Accounting & Finance, Caulfield, Vic 3145, Australia

来源：

JOURNAL OF BANKING & FINANCE | 2008年 / 32卷 / 11期

关键词：

Foreign and local investors; Home bias; Information asymmetry; Ownership; Single-listed; cross-listed and internationally well-known stocks;

D O I：

10.1016/j.jbankfin.2007.12.031

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

This paper examines the nature of information asymmetry between foreign and local investors on the Helsinki stock exchange (HEX) for the period 1999-2004. We take into account the differences in information characteristics by partitioning stocks into single-listed, cross-listed and internationally well-known stock categories, after which we compare foreign and local investors' performance and trading for Nokia, the only internationally well-known stock on HEX. (C) 2008 Elsevier B.V. All right reserved.

引用

页码：2376 / 2389

页数：14

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