| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP4362 |
| DP4362 The Paradox of Competence | |
| Hans Gersbach | |
| 发表日期 | 2004-04-23 |
| 出版年 | 2004 |
| 语种 | 英语 |
| 摘要 | High domestic shareholder concentration for publicly-traded firms is a common mechanism to mitigate minority shareholder expropriation in environments of poor investor protection. This offers an explanation of the home bias in share portfolios. An alternative mechanism, common in the case of non-traded firms, is to have a controlling foreign shareholder that may be subject to high international standards of investor protection. This Paper presents a model explaining a high foreign ownership share of non-traded equity in countries with poor investor protection. Empirical evidence supports the hypothesis that foreign ownership of non-traded equity is higher in countries with poor investor protection. |
| 主题 | Financial Economics |
| 关键词 | Foreign ownership Shareholder protection Non-traded equity |
| URL | https://cepr.org/publications/dp4362 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/533314 |
| 推荐引用方式 GB/T 7714 | Hans Gersbach. DP4362 The Paradox of Competence. 2004. |
| 条目包含的文件 | 条目无相关文件。 | |||||
| 个性服务 |
| 推荐该条目 |
| 保存到收藏夹 |
| 导出为Endnote文件 |
| 谷歌学术 |
| 谷歌学术中相似的文章 |
| [Hans Gersbach]的文章 |
| 百度学术 |
| 百度学术中相似的文章 |
| [Hans Gersbach]的文章 |
| 必应学术 |
| 必应学术中相似的文章 |
| [Hans Gersbach]的文章 |
| 相关权益政策 |
| 暂无数据 |
| 收藏/分享 |
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
