|제목||48권 1호 Does Foreign Investor Base Concentration Affect Stock Price Volatility?|
Does Foreign Investor Base Concentration Affect Stock Price Volatility?
This paper investigates the effect of foreign investor base concentration on stock price volatility. Concentrated foreign investor base is hypothesized to increase strategic complementarities among investors and therefore increase price volatilities for stocks with high foreign investor participation. Empirical analysis of the relationship between the concentration of foreign investor base and the volatility of stock prices shows that the foreign investor base concentration is positively associated with stock price volatility for the stocks with high foreign turnover.
Keywords Price volatility․Foreign ownership․Investor base․Institutional ownership
|이전글||47권 2호 What affects the User Sharing Degree of Public Transportation Apps in China? – A Comparative Study between Government App and Business App|
|다음글||48권 1호 Technical Innovation and Export Activities of Small and Medium-Sized Firms in Korea|