The DOI matches its Crossref record; 2 of the 2 references it cites were found in a registry or an index.
Stock Market Liberalization, Economic Reform, and Emerging Market Equity Prices
Abstract
A stock market liberalization is a decision by a country's government to allow foreigners to purchase shares in that country's stock market. On average, a country's aggregate equity price index experiences abnormal returns of 3.3 percent per month in real dollar terms during an eight‐month window leading up to the implementation of its initial stock market liberalization. This result is consistent with the prediction of standard international asset pricing models that stock market liberalization may reduce the liberalizing country's cost of equity capital by allowing for risk sharing between domestic and foreign agents.
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Cites
Economic Reform and the Process of Global Integration
Sachs, J. D., Warner, A., Aslund, A., & Fischer, S. (1995) · Brookings Papers on Economic Activity · doi:10.2307/2534573 · Cited by 4,950
International Portfolio Flows and Security Markets
Stulz, R. M. (1999) · doi:10.2139/ssrn.155188 · Cited by 276
Cited by
The great reversals: the politics of financial development in the twentieth century
Rajan, R. G., & Zingales, L. (2003) · Journal of Financial Economics · doi:10.1016/s0304-405x(03)00125-9 · Cited by 3,327
What matters for financial development? Capital controls, institutions, and interactions
Chinn, M. D., & Ito, H. (2006) · Journal of Development Economics · doi:10.1016/j.jdeveco.2005.05.010 · Cited by 2,650
Does financial liberalization spur growth?
BEKAERT, G., HARVEY, C., & LUNDBLAD, C. (2005) · Journal of Financial Economics · doi:10.1016/j.jfineco.2004.05.007 · Cited by 2,012
Financial markets and the allocation of capital
Wurgler, J. (2000) · Journal of Financial Economics · doi:10.1016/s0304-405x(00)00070-2 · Cited by 1,974
Love, I. (2003) · Review of Financial Studies · doi:10.1093/rfs/hhg013 · Cited by 964
Metadata
- Authors
- Henry, P. B.
- Venue
- The Journal of Finance
- Publisher
- Wiley
- Published
- 2000-04
- Volume
- 55
- Issue
- 2
- Pages
- 529-564
- ISSN
- 0022-1082 (ISSN-L)
- 1540-6261
- OpenAlex
- W2126450706
- Cited by
- 1,385
- References
- 2
- FWCI
- 105.98
- Type
- journal article
- Language
- en
- Open access
- closed
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Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
