The DOI matches its Crossref record; 5 of the 5 references it cites were found in a registry or an index.
Which Investors Fear Expropriation? Evidence from Investors' Portfolio Choices
Abstract
Using a data set that provides unprecedented detail on investors' stockholdings, we analyze whether investors take the quality of corporate governance into account when selecting stocks. We find that all categories of investors (domestic and foreign, institutional and small individual) who generally enjoy only security benefits are reluctant to invest in companies with weak corporate governance. In contrast, individuals connected with company insiders are more likely to invest in weak corporate governance companies. These findings suggest that it is important to distinguish between investors who enjoy private benefits or access private information, and investors who enjoy only security benefits.
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Citations
Cites
La Porta, R., Lopez‐de‐Silanes, F., Shleifer, A., & Vishny, R. W. (1998) · Journal of Political Economy · doi:10.1086/250042 · Cited by 18,025
Corporate Governance and Equity Prices
Gompers, P., Ishii, J., & Metrick, A. (2003) · The Quarterly Journal of Economics · doi:10.1162/00335530360535162 · Cited by 6,120
The separation of ownership and control in East Asian Corporations
Claessens, S., Djankov, S., & Lang, L. H. P. (2000) · Journal of Financial Economics · doi:10.1016/s0304-405x(00)00067-2 · Cited by 5,754
Equity Portfolio Diversification
Goetzmann, W. N., & Kumar, A. (2008) · Review of Finance · doi:10.1093/rof/rfn005 · Cited by 1,222
Preferences for Stock Characteristics As Revealed by Mutual Fund Portfolio Holdings
FALKENSTEIN, E. G. (1996) · The Journal of Finance · doi:10.1111/j.1540-6261.1996.tb05204.x · Cited by 1,058
Cited by
Behind the Scenes: The Corporate Governance Preferences of Institutional Investors
McCAHERY, J. A., SAUTNER, Z., & STARKS, L. T. (2016) · The Journal of Finance · doi:10.1111/jofi.12393 · Cited by 1,494
Financial Integration and Firm Performance: Evidence from Foreign Bank Entry in Emerging Markets
Giannetti, M., & Ongena, S. (2009) · Review of Finance · doi:10.1093/rof/rfm019 · Cited by 404
Self-citationDoes Governance Travel around the World? Evidence from Institutional Investors
Aggarwal, R., Erel, I., Ferreira, M. A., & Matos, P. P. (2010) · SSRN Electronic Journal · doi:10.2139/ssrn.1361143 · Cited by 365
Metadata
- Authors
- GIANNETTI, M., & SIMONOV, A.
- Venue
- The Journal of Finance
- Publisher
- Wiley
- Published
- 2006-05-16
- Volume
- 61
- Issue
- 3
- Pages
- 1507-1547
- ISSN
- 0022-1082 (ISSN-L)
- 1540-6261
- OpenAlex
- W3125955186
- Cited by
- 244
- References
- 5
- FWCI
- 48.87
- Type
- journal article
- Language
- en
- Open access
- closed
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- GIANNETTI, M., & SIMONOV, A. (2006). Which Investors Fear Expropriation? Evidence from Investors' Portfolio Choices. The Journal of Finance. https://doi.org/10.1111/j.1540-6261.2006.00879.x
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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.
