Choe, Hyuk; Kho, Bong-Chan; Stulz, René M. - In: Review of Financial Studies 18 (2005) 3, pp. 795-829
We investigate whether domestic investors have an edge over foreign investors in trading domestic stocks. Using Korean data, we show that foreign money managers pay more than domestic money managers when they buy and receive less when they sell for medium and large trades. The sample average...