Liquidity and foreign ownership restrictions
Abstract
We examine foreign ownership restrictions that lead to the separate trading of shares that are eligible and not eligible for registration by foreign owners. We document a statistically significant decline in liquidity for investors following the beginning of separate trading of the foreign and domestic tranches. © 1997 Elsevier Science S.A.
Publication Title
Economics Letters
Recommended Citation
Lau, S., McCorry, M., & McInish, T. (1997). Liquidity and foreign ownership restrictions. Economics Letters, 56 (1), 85-88. https://doi.org/10.1016/s0165-1765(97)00119-5
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