Foreign investor behavior in Korea after the 1997 Asian financial crisis
DC Field | Value | Language |
---|---|---|
dc.contributor.author | 조용민 | - |
dc.date.accessioned | 2022-04-09T16:41:07Z | - |
dc.date.available | 2022-04-09T16:41:07Z | - |
dc.date.created | 2022-04-08 | - |
dc.date.issued | 2017-12 | - |
dc.identifier.issn | 0889-1583 | - |
dc.identifier.uri | https://scholar.korea.ac.kr/handle/2021.sw.korea/139801 | - |
dc.description.abstract | In this study, we investigate the behavior of foreign investors in the Korean stock market after the 1997 Asian financial crisis (1999-2014). We analyze the industrial distribution of foreign ownership and find that foreign investors hold fewer stocks in the manufacturing sectors than in the non-manufacturing sectors. We also find that foreign equity investments are concentrated in firms above a certain size. Moreover, foreign investors show a preference for large, profitable, highly liquid, and growth firms, as well as firms with large boards. However, after controlling for other firm-specific factors, we find that chaebol (Korean business group) firms are not more attractive to foreign investors than non-chaebol firms. Finally, we show that foreign investors achieve success as financial investors in Korea. (JEL F21, G11, G15) | - |
dc.language | English | - |
dc.language.iso | en | - |
dc.publisher | ACADEMIC PRESS INC ELSEVIER SCIENCE | - |
dc.title | Foreign investor behavior in Korea after the 1997 Asian financial crisis | - |
dc.type | Article | - |
dc.contributor.affiliatedAuthor | 조용민 | - |
dc.identifier.doi | 10.1016/j.jjie.2017.10.002 | - |
dc.identifier.bibliographicCitation | JOURNAL OF THE JAPANESE AND INTERNATIONAL ECONOMIES, v.46, pp.69 - 78 | - |
dc.relation.isPartOf | JOURNAL OF THE JAPANESE AND INTERNATIONAL ECONOMIES | - |
dc.citation.title | JOURNAL OF THE JAPANESE AND INTERNATIONAL ECONOMIES | - |
dc.citation.volume | 46 | - |
dc.citation.startPage | 69 | - |
dc.citation.endPage | 78 | - |
dc.type.rims | ART | - |
dc.type.docType | Article | - |
dc.description.journalClass | 1 | - |
dc.description.journalRegisteredClass | ssci | - |
dc.description.journalRegisteredClass | scopus | - |
dc.subject.keywordAuthor | 1997 Asian financial crisis | - |
dc.subject.keywordAuthor | Foreign investors | - |
dc.subject.keywordAuthor | Investment pattern | - |
dc.subject.keywordAuthor | Investment performance | - |
dc.subject.keywordAuthor | Size cutoff | - |
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