KJCKorea
Journal Central

@article{ART002599831},
author={ChanShik Jung},
title={The Effects of Foreign Ownership on Stock Price Crash Risk},
journal={Asset Management Review},
issn={2288-6672},
year={2020},
volume={8},
number={1},
pages={35-50},
doi={10.23007/amr.2020.8.1.35}

TY - JOUR
AU - ChanShik Jung
TI - The Effects of Foreign Ownership on Stock Price Crash Risk
JO - Asset Management Review
PY - 2020
VL - 8
IS - 1
PB - Institute of Management Research, SungKyunKwan University
SP - 35
EP - 50
SN - 2288-6672
AB - This study investigates the effects of foreign ownership on future stock price crash risk of firms in Korea Stock Exchange over the period 2004-2015 using daily stock returns. The stock price crash risk decreases with more transparent information which a firm provides to the stock market. I suggest foreign ownership as a determinant variable of the transparency in the information that a firm provides, since the higher foreign ownership leads to the greater transparency in emerging markets such as Korea. I find that firms with higher foreign ownership are more likely to have lower future stock price crash risk. This evidence suggests that the relation of foreign ownership to stock price crash risk is due to the monitoring effect of foreign investors in Korean stock market.
KW - Foreign Ownership;Stock Price Crash Risk;Monitoring Effect
DO - 10.23007/amr.2020.8.1.35
ER -

ChanShik Jung. (2020). The Effects of Foreign Ownership on Stock Price Crash Risk. Asset Management Review, 8(1), 35-50.

ChanShik Jung. 2020, "The Effects of Foreign Ownership on Stock Price Crash Risk", Asset Management Review, vol.8, no.1 pp.35-50. Available from: doi:10.23007/amr.2020.8.1.35

ChanShik Jung "The Effects of Foreign Ownership on Stock Price Crash Risk" Asset Management Review 8.1 pp.35-50 (2020) : 35.

ChanShik Jung. The Effects of Foreign Ownership on Stock Price Crash Risk. 2020; 8(1), 35-50. Available from: doi:10.23007/amr.2020.8.1.35

ChanShik Jung. "The Effects of Foreign Ownership on Stock Price Crash Risk" Asset Management Review 8, no.1 (2020) : 35-50.doi: 10.23007/amr.2020.8.1.35

ChanShik Jung. The Effects of Foreign Ownership on Stock Price Crash Risk. Asset Management Review, 8(1), 35-50. doi: 10.23007/amr.2020.8.1.35

ChanShik Jung. The Effects of Foreign Ownership on Stock Price Crash Risk. Asset Management Review. 2020; 8(1) 35-50. doi: 10.23007/amr.2020.8.1.35

ChanShik Jung. The Effects of Foreign Ownership on Stock Price Crash Risk. 2020; 8(1), 35-50. Available from: doi:10.23007/amr.2020.8.1.35

ChanShik Jung. "The Effects of Foreign Ownership on Stock Price Crash Risk" Asset Management Review 8, no.1 (2020) : 35-50.doi: 10.23007/amr.2020.8.1.35