Who Cares about Control-Ownership Disparity in Emerging Markets?

  • TAEYOON SUNG
  • Published 2007

Abstract

Using a unique data set that provides detailed information on foreign investors’ holdings of Korean chaebol firms, we report that foreign investors’ home country governance matters when determining the portfolio weights on low and high disparity stocks. More specifically, we show that foreign investors from countries dominated by firms with high control… (More)

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