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| Tekijä: | Dvorák, T. |
| Otsikko: | Gross capital flows and asymmetric information |
| Lehti: | Journal of International Money and Finance
2003 : DEC, VOL. 22:6, p. 835-864 |
| Asiasana: | Asymmetric information Trading volumes |
| Vapaa asiasana: | Gross capital flow |
| Kieli: | eng |
| Tiivistelmä: | 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. |
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