Rhee, S. Ghon; Wang, Jianxin - In: Journal of Banking & Finance 33 (2009) 7, pp. 1312-1324
From January 2002 to August 2007, foreign institutions held almost 70% of the free-float value of the Indonesian equity market, or 41% of the total market capitalization. Over the same period, liquidity on the Jakarta Stock Exchange improved substantially with the average bid-ask spread more...