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Incentive Fees: Do They Bond Underwriters and IPO Issuers? 奖励费:它们是债券承销商和IPO发行者吗?
30th Australasian Finance & Banking Conference 2017 (Archive) Pub Date : 2018-01-25 DOI: 10.2139/ssrn.3009871
A. Mohamed, B. Saadouni
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引用次数: 2
Do Foreign Investors Promote Stock Price Efficiency in Emerging Markets? 外国投资者是否促进了新兴市场的股价效率?
30th Australasian Finance & Banking Conference 2017 (Archive) Pub Date : 2016-08-18 DOI: 10.2139/ssrn.3021676
X. Vo
{"title":"Do Foreign Investors Promote Stock Price Efficiency in Emerging Markets?","authors":"X. Vo","doi":"10.2139/ssrn.3021676","DOIUrl":"https://doi.org/10.2139/ssrn.3021676","url":null,"abstract":"This paper examines the role of foreign investors in promoting stock price efficiency in emerging stock markets relying on the fact that stock prices in these markets are influenced by both local and global factors. We employ a data sample of Vietnamese‐listed firms on the Ho Chi Minh City stock exchange over the period from 2006 to 2015. We utilize the panel data estimation analysis. The results show that foreign investors accelerate the incorporation of available information into local stock prices. The finding reinforces the important role of foreign investors in domestic stock markets of emerging economies.","PeriodicalId":404707,"journal":{"name":"30th Australasian Finance & Banking Conference 2017 (Archive)","volume":"12 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2016-08-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"117324447","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 25
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