Kim, Jaemin; Landi, James; Yoo, Sean Sehyun - In: Pacific-Basin Finance Journal 17 (2009) 2, pp. 243-256
In the full market-opening period of the Korean stock market (1999-2006), when foreign equity ownership reached as high as 40% of the total stock market capitalization, foreign net flows move in the same direction contemporaneously with the domestic market return, while lagged foreign flows are...