Choi, Changkyu; Rhee, Dong-Eun; Oh, Yonghyup - In: Economic Modelling 40 (2014) C, pp. 191-198
We extend Portes et al. (2001) by introducing the Internet as a variable, and we test the model empirically by using cross-country panel data on portfolio flows between the United States and other countries from 1990 to 2008. Asymmetric information accounts for the strong negative relationship...