278 research outputs found
Services as a New Engine of Growth for ASEAN, the People’s Republic of China, and India
Foreign Direct Investment and Technology Spillover: Evidence Across Indian Manufacturing Industries
Firm Heterogeneity and Choice of Ownership Structure: An Empirical Analysis of German FDI in India
Association of Southeast Asian Nations, People's Republic of China, and India Growth and the Rest of the World: The Role of Trade
Interventions for Non-Injection Substance Use Among US Men Who Have Sex with Men: What is Needed
Foreign ownership, bank information environments, and the international mobility of corporate governance
This paper investigates how foreign ownership shapes bank information environments. Using a sample of listed banks from 60 countries over 1997–2012, we show that foreign ownership is significantly associated with greater (lower) informativeness (synchronicity) in bank stock prices. We also find that stock returns of foreign-owned banks reflect more information about future earnings. In addition, the positive association between price informativeness and foreign ownership is stronger for foreign-owned banks in countries with stronger governance, stronger banking supervision, and lower monitoring costs. Overall, our evidence suggests that foreign ownership reduces bank opacity by exporting governance, yielding important implications for regulators and governments
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