TY - CHAP
T1 - Ownership restrictions and stock-price behavior in China
AU - Chan, Kam C.
AU - Cheng, Louis T.W.
AU - Fung, Joseph K.W.
N1 - Publisher Copyright:
© 2002 Taylor & Francis. All rights reserved. All rights reserved.
PY - 2016/1/1
Y1 - 2016/1/1
N2 - Many stock markets have or used to have such restrictions. According to Eun and Janakiramanan (1986), foreign investors were only allowed to purchase a limited number of shares of a firm in Finland, France, India, Indonesia, South Korea, Mexico, Spain, and Sweden. In Australia, Canada, Japan, Malaysia, and Norway, limited foreign ownership was employed in selective industries. In addition, Bergström, Rydqvist, and Sellin (1993) reported that a capital-outflow constraint limiting the amount of capital that domestic investors could export was enforced in the United Kingdom until 1979, and in Sweden until 1989. In Ireland, the capital-outflow constraint was still in effect in 1993.
AB - Many stock markets have or used to have such restrictions. According to Eun and Janakiramanan (1986), foreign investors were only allowed to purchase a limited number of shares of a firm in Finland, France, India, Indonesia, South Korea, Mexico, Spain, and Sweden. In Australia, Canada, Japan, Malaysia, and Norway, limited foreign ownership was employed in selective industries. In addition, Bergström, Rydqvist, and Sellin (1993) reported that a capital-outflow constraint limiting the amount of capital that domestic investors could export was enforced in the United Kingdom until 1979, and in Sweden until 1989. In Ireland, the capital-outflow constraint was still in effect in 1993.
UR - http://www.scopus.com/inward/record.url?scp=85069590718&partnerID=8YFLogxK
U2 - 10.4324/9781315499215-12
DO - 10.4324/9781315499215-12
M3 - Chapter
AN - SCOPUS:85069590718
SN - 0765608049
SN - 9780765608048
SP - 115
EP - 136
BT - Financial Markets and Foreign Direct Investment in Greater China
ER -