search query: @indexterm Trading volumes / total: 43
reference: 12 / 43
Author: | Dvorák, T. |
Title: | Gross capital flows and asymmetric information |
Journal: | Journal of International Money and Finance
2003 : DEC, VOL. 22:6, p. 835-864 |
Index terms: | Asymmetric information Trading volumes |
Freeterms: | Gross capital flow |
Language: | eng |
Abstract: | It is shown in this paper that the behaviour of gross capital flows can identify the nature of information asymmetries in international equity markets. Information asymmetry between foreign and domestic investors implies a correlation between net flows and returns. Information asymmetry within groups of foreign and domestic investors implies that gross flows and absolute returns are correlated. |
SCIMA