Equity Prices and Equity Flows: Testing Theory of the Information-Efficiency Tradeoff
收藏NBER2010-12-01 更新2025-01-04 收录
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https://www.nber.org/papers/w16651
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The paper tests three hypotheses concerning foreign equity investment in the presence of liquidity risk. First, the FDI-to-FPI price differential is negatively related to liquidity risk (the "Price Discount Hypothesis"). The idea is that market participants do not know whether the FDI investor
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美国国家经济研究局创建时间：
2010-12-01
