LIQUIDITY AND FOREIGN OWNERSHIP RESTRICTIONS

Authors
LAU ST MCCORRY MS MCINISH TH
Citation
St. Lau et al., LIQUIDITY AND FOREIGN OWNERSHIP RESTRICTIONS, Economics letters, 56(1), 1997, pp. 85-88
Citations number
4
Categorie Soggetti
Economics
Journal title
Economics letters → ACNP
ISSN journal
01651765
Volume
56
Issue
1
Year of publication
1997
Pages
85 - 88
Database
ISI
SICI code
0165-1765(1997)56:1<85:LAFOR>2.0.ZU;2-D
Abstract
We examine foreign ownership restrictions that lead to the separate tr ading of shares that are eligible and not eligible for registration by foreign owners. We document a statistically significant decline in Li quidity for investors following the beginning of separate trading of t he foreign and domestic tranches. (C) 1997 Elsevier Science S.A.