Foreign ownership and financial information

Bolak M., Diyarbakirlioglu E., Süer Ö.

EUROMED JOURNAL OF BUSINESS, vol.8, no.2, pp.154-171, 2013 (ESCI) identifier identifier

  • Publication Type: Article / Article
  • Volume: 8 Issue: 2
  • Publication Date: 2013
  • Doi Number: 10.1108/emjb-07-2013-0036
  • Journal Name: EUROMED JOURNAL OF BUSINESS
  • Journal Indexes: Emerging Sources Citation Index (ESCI)
  • Page Numbers: pp.154-171
  • Keywords: Emerging markets, Foreign investors, Foreign ownership, Istanbul stock exchange, INSTITUTIONAL INVESTORS, HOME BIAS, DIVERSIFICATION, EQUILIBRIUM, BENEFITS, MODEL
  • Galatasaray University Affiliated: Yes

Abstract

Purpose - The purpose of this paper is to examine the foreign ownership patterns in local stocks in an emerging capital market, i.e. the Istanbul stock exchange (ISE), to derive insights into the linkage between foreign investors' equity-level preferences and the information provided by the corresponding firm's financial statements.