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Volumn 26, Issue 1, 1997, Pages 48-61

Control versus firm value: The impact of restrictions on foreign share ownership

(1)  Lam, Swee Sum a  

a NONE

Author keywords

[No Author keywords available]

Indexed keywords


EID: 0031500944     PISSN: 00463892     EISSN: None     Source Type: Journal    
DOI: 10.2307/3666239     Document Type: Article
Times cited : (12)

References (14)
  • 1
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    • Foreign ownership restrictions and stock price in the thai capital market
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    • Bailey, W. and J. Jagtiani, 1994, "Foreign Ownership Restrictions and Stock Price in the Thai Capital Market," Journal of Financial Economics (August), 57-87.
    • (1994) Journal of Financial Economics , pp. 57-87
    • Bailey, W.1    Jagtiani, J.2
  • 2
    • 0010023511 scopus 로고
    • The relationship between return and market value of common stocks
    • March
    • Banz, R.W., 1981, "The Relationship between Return and Market Value of Common Stocks," Journal of Financial Economics (March), 3-18.
    • (1981) Journal of Financial Economics , pp. 3-18
    • Banz, R.W.1
  • 3
    • 84977716784 scopus 로고
    • International investment restrictions and closed-end country fund prices
    • June
    • Bonser-Neal, C., G. Braver, R. Neal, and S. Wheatley, 1990, "International Investment Restrictions and Closed-End Country Fund Prices," Journal of Finance (June), 523-546.
    • (1990) Journal of Finance , pp. 523-546
    • Bonser-Neal, C.1    Braver, G.2    Neal, R.3    Wheatley, S.4
  • 4
    • 0000232861 scopus 로고
    • An exploratory investigation of the firm size effect
    • September
    • Chan, K.C., N.F. Chen, and D.A. Hsieh, 1985, "An Exploratory Investigation of the Firm Size Effect," Journal of Financial Economics (September), 451-471.
    • (1985) Journal of Financial Economics , pp. 451-471
    • Chan, K.C.1    Chen, N.F.2    Hsieh, D.A.3
  • 5
    • 84944838909 scopus 로고
    • A model of international asset pricing with a constraint on the foreign equity ownership
    • September
    • Eun, C.S. and S. Janakiramanan, 1986, "A Model of International Asset Pricing with a Constraint on the Foreign Equity Ownership," Journal of Finance (September), 897-914.
    • (1986) Journal of Finance , pp. 897-914
    • Eun, C.S.1    Janakiramanan, S.2
  • 6
    • 0002044433 scopus 로고
    • On the estimation of security price volatilities from historical data
    • January
    • Carman, M.B. and M.J. Klass, 1980, "On the Estimation of Security Price Volatilities from Historical Data," Journal of Business (January), 67-78.
    • (1980) Journal of Business , pp. 67-78
    • Carman, M.B.1    Klass, M.J.2
  • 7
    • 84977737479 scopus 로고
    • Asset pricing in partially segmented markets: Evidence from the finnish market
    • July
    • Hietala, P., 1989, "Asset Pricing in Partially Segmented Markets: Evidence from the Finnish Market," Journal of Finance (July), 697-718.
    • (1989) Journal of Finance , pp. 697-718
    • Hietala, P.1
  • 8
    • 0040390615 scopus 로고
    • Singapore airlines: Price effects of restriction on foreign ownership
    • October
    • Lam, S.S., F. Koh, and Y.K. Chia, 1990, "Singapore Airlines: Price Effects of Restriction on Foreign Ownership," Securities Industry Review (October), 57-66.
    • (1990) Securities Industry Review , pp. 57-66
    • Lam, S.S.1    Koh, F.2    Chia, Y.K.3
  • 9
    • 38249002249 scopus 로고
    • A note on capital market segmentation: New tests and evidence
    • September
    • Lam, S.S. and H.S. Pak, 1993, "A Note on Capital Market Segmentation: New Tests and Evidence," Pacific-Basin Finance Journal (September), 263-276.
    • (1993) Pacific-Basin Finance Journal , pp. 263-276
    • Lam, S.S.1    Pak, H.S.2
  • 11
    • 34248494199 scopus 로고
    • Misspecification of capital asset pricing: Empirical anomalies based on earnings yields and market values
    • March
    • Reinganum, M.R., 1981, "Misspecification of Capital Asset Pricing: Empirical Anomalies based on Earnings Yields and Market Values," Journal of Financial Economics (March), 19-46.
    • (1981) Journal of Financial Economics , pp. 19-46
    • Reinganum, M.R.1
  • 12
    • 0002385291 scopus 로고
    • Foreign equity investment restrictions, capital flight, and shareholder wealth maximization: Theory and evidence
    • Winter
    • Stulz, R.M. and W. Wasserfallen, 1995, "Foreign Equity Investment Restrictions, Capital Flight, and Shareholder Wealth Maximization: Theory and Evidence," Review of Financial Studies (Winter), 1019-1057.
    • (1995) Review of Financial Studies , pp. 1019-1057
    • Stulz, R.M.1    Wasserfallen, W.2
  • 13
    • 0039798188 scopus 로고
    • Foreign versus local shares in the singapore stock market
    • March
    • Tse, Y.K. and M. Oh, 1993, "Foreign Versus Local Shares in the Singapore Stock Market," Stock Exchange of Singapore Journal (March), 8-12.
    • (1993) Stock Exchange of Singapore Journal , pp. 8-12
    • Tse, Y.K.1    Oh, M.2
  • 14
    • 0000095552 scopus 로고
    • A heteroskedasticity-consistent covariance matrix estimator and direct test for heteroskedasticity
    • May
    • White, H., 1980, "A Heteroskedasticity-Consistent Covariance Matrix Estimator and Direct Test for Heteroskedasticity," Econometrica (May), 817-838.
    • (1980) Econometrica , pp. 817-838
    • White, H.1


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