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You searched for +publisher:"University of North Carolina" +contributor:("Han, Syung Jin"). One record found.

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University of North Carolina

1. Han, Syung Jin. Foreign Investors, Stock Price Informativeness, and Multinational Corporations.

Degree: 2015, University of North Carolina

This study investigates the impact of foreign investors on stock price informativeness across 44 stock markets worldwide. I find that the positive relation between foreign institutional ownership and stock return volatility is moderated in firms with a larger proportion of foreign operations. This implies a stabilizing effect of foreign investors on stock prices of multinational corporations (MNCs). In addition, I find that current stock prices reflect more information about future earnings generated from foreign operations of firms with higher foreign institutional ownership. These results suggest that foreign investors have an informational advantage about foreign businesses of MNCs due to geographic proximity and such information is incorporated into local stock prices by their trading. Furthermore, I find that the type of information that foreign investors gather and interpret is about the demand for a firm’s products rather than about the technology used by the firm. Overall, this paper proposes a benefit of financial liberalization that foreign investors facilitate the transmission of information about foreign operations of MNCs in local stock markets. Advisors/Committee Members: Han, Syung Jin, Lundblad, Christian, Jotikasthira, Chotibhak, Le, Anh, Colacito, Riccardo, Wang, Sean.

Subjects/Keywords: Finance; Kenan-Flagler Business School

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APA · Chicago · MLA · Vancouver · CSE | Export to Zotero / EndNote / Reference Manager

APA (6th Edition):

Han, S. J. (2015). Foreign Investors, Stock Price Informativeness, and Multinational Corporations. (Thesis). University of North Carolina. Retrieved from https://cdr.lib.unc.edu/record/uuid:4e39ddd4-8bd1-45c9-8681-edd116324f71

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

Chicago Manual of Style (16th Edition):

Han, Syung Jin. “Foreign Investors, Stock Price Informativeness, and Multinational Corporations.” 2015. Thesis, University of North Carolina. Accessed June 18, 2019. https://cdr.lib.unc.edu/record/uuid:4e39ddd4-8bd1-45c9-8681-edd116324f71.

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

MLA Handbook (7th Edition):

Han, Syung Jin. “Foreign Investors, Stock Price Informativeness, and Multinational Corporations.” 2015. Web. 18 Jun 2019.

Vancouver:

Han SJ. Foreign Investors, Stock Price Informativeness, and Multinational Corporations. [Internet] [Thesis]. University of North Carolina; 2015. [cited 2019 Jun 18]. Available from: https://cdr.lib.unc.edu/record/uuid:4e39ddd4-8bd1-45c9-8681-edd116324f71.

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

Council of Science Editors:

Han SJ. Foreign Investors, Stock Price Informativeness, and Multinational Corporations. [Thesis]. University of North Carolina; 2015. Available from: https://cdr.lib.unc.edu/record/uuid:4e39ddd4-8bd1-45c9-8681-edd116324f71

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

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