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The liability of foreignness in international equity investments : evidence from the US stock market
Using foreign institutional ownership data in the US from 1990 to 2007, we examine whether foreign institutional investors face liabilities of foreignness (LOF) in the US stock market. We find that foreign institutional ...
Do foreign investors exhibit a corporate governance disadvantage? An information asymmetry perspective
Although foreign equity ownership around the world has increased substantially over the last three decades, there is little evidence on the role of foreign ownership in the host country. Using a large sample of foreign ...
Sources of value gains in minority equity investments by private equity funds : evidence from block share acquisitions
Using block share acquisitions made by private equity (PE) funds, we examine the sources of value gains in PE minority equity investments. We find that compared with non-PE acquirers, PE acquirers are more likely to place ...