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Ammer, John - 2008

;cross-listing effectquot; and show that increases in U.S. investment are largest in firms from weak accounting backgrounds and in firms that …

Persistent link: https://www.econbiz.de/10012724038

The Performance of International Portfolios

Thomas, Charles P. - 2008

We evaluate the performance of U.S. investors' international portfolios over a 25-year period. Portfolio returns are formed by first estimating monthly bilateral holdings in 44 countries using high-quality but infrequent benchmark surveys that enable us to eliminate the geographical bias in...

Persistent link: https://www.econbiz.de/10012727676

Local Currency Bond Markets

Warnock, Francis E. - 2006

We analyze the development of 49 local bond markets. Our main finding is that policies and laws matter: Countries with stable inflation rates and strong creditor rights have more developed local bond markets and rely less on foreign-currency-denominated bonds. The results suggest that...

Persistent link: https://www.econbiz.de/10012732910

The Performance of International Equity Portfolios

Warnock, Francis E. - 2006

, especially since 1990. We test whether this strong performance owed to trading expertise or longer-term allocation expertise. The … measures, which directly test reallocating into (out of) markets that subsequently outperformed (underperformed), suggest no …

Persistent link: https://www.econbiz.de/10012735335

Look at Me Now : What Attracts U.S. Shareholders?

Ammer, John - 2006

.S. investment is greatest for firms that are from weak accounting backgrounds and are otherwise informationally opaque, suggesting …

Persistent link: https://www.econbiz.de/10012735442

Foreign Participation in Local-Currency Bond Markets

Warnock, Francis E. - 2006

Countries that cannot attract foreigners to invest in their local currency bonds run the risk of currency mismatches … eschewed by U.S. investors. While results based on a three-moment CAPM indicate that it is diversifiable idiosyncratic risk …

Persistent link: https://www.econbiz.de/10012735483

Cross-Border Listings, Capital Controls, and Equity Flows to Emerging Markets

Edison, Hali J. - 2006

We investigate the impact of two types of financial liberalizations on short- and long-horizon capital flows to emerging markets in a framework that controls for push and pull factors. The first type of liberalization, a reduction in capital controls, is countrywide but uncertain, because its...

Persistent link: https://www.econbiz.de/10012735541

International Diversification at Home and Abroad

Warnock, Francis E. - 2005

We analyze foreigners' and domestic institutional investors' positions in U.S. equities. Controlling for many factors, we uncover a common preference for large firms and firms that are diversified internationally. The domestic preference for internationally diversified firms implies that...

Persistent link: https://www.econbiz.de/10012737431

Cross-Border Listings, Capital Controls, and Equity Flows to Emerging Markets

Edison, Hali J. - 2006

We analyze capital flows to emerging markets in a framework that incorporates two quantitative measures of financial integration, the intensity of capital controls and the extent of cross-border listings, while controlling for traditional global (push) and country-specific (pull) factors. Two...

Persistent link: https://www.econbiz.de/10012782437

Financial Globalization, Governance, and the Evolution of the Home Bias

Kho, Bong-Chan - 2015

Despite the disappearance of formal barriers to international investment across countries, we find that the average … in which ownership by corporate insiders fell. Using firm-level data for Korea, we find that portfolio equity investment … foreign portfolio equity investment are large firms with dispersed ownership …

Persistent link: https://www.econbiz.de/10012707986