Foreign investors and stock price efficiency: Thresholds, underlying channels and investor heterogeneity

•Malaysian government announced a series of liberalisation measures in the 2000s.•The relationship between foreign shareholding and price efficiency is nonlinear.•Information competition and adverse selection costs are the underlying channels.•The relationship is stronger for firms with higher globa...

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Veröffentlicht in:	The North American journal of economics and finance 2016-04, Vol.36, p.1-28
Hauptverfasser:	Lim, Kian-Ping, Hooy, Chee-Wooi, Chang, Kwok-Boon, Brooks, Robert
Format:	Artikel
Sprache:	eng
Schlagworte:	Efficiency Financial liberalisation Foreign investment Foreign investors Investments Investor heterogeneity Price efficiency Securities markets Securities trading Stock prices Studies Thresholds
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