Choi, Hyang Mi; Cho, Young-Gon; Sul, Wonsik - In: Emerging Markets Finance and Trade 50 (2014) 1S, pp. 178-193
We examine one effect of a firm's ownership-control disparity on foreign investors in emerging markets by investigating how the disparity influences foreign investors' shareholdings in Korean firms. Using a panel sample of 192 firms from 2005 to 2009, we find that foreign shareholders invest...