1 option
Transparency and International Investor Behavior / R. Gaston Gelos, Shang-Jin Wei.
- Format:
- Book
- Author/Creator:
- Gelos, Gaston, author.
- Wei, Shang-Jin, author.
- Series:
- Working paper series (National Bureau of Economic Research) ; Number 9260.
- Working paper series (National Bureau of Economic Research) ; Number 9260
- Language:
- English
- Subjects (All):
- Disclosure of information.
- Investments, Foreign.
- Financial crises.
- Corporations--Accounting.
- Corporations.
- Finance, Public--Accounting.
- Finance, Public.
- International finance.
- Physical Description:
- 1 online resource (36 pages).
- Place of Publication:
- Cambridge, MA : National Bureau of Economic Research, 2002.
- Summary:
- Does country transparency affect international portfolio investment? We examine this and related questions using some new measures of transparency and a unique micro dataset on international portfolio holdings. We distinguish between government and corporate transparency. There is clear evidence that international funds invest systematically less in less transparent countries. On the other hand, herding among funds tends to be more prevalent in less transparent countries. There is also some evidence that during crises, funds flee non-transparent countries by a greater amount.
- Notes:
- Description based on publisher supplied metadata and other sources.
The Penn Libraries is committed to describing library materials using current, accurate, and responsible language. If you discover outdated or inaccurate language, please fill out this feedback form to report it and suggest alternative language.