Are Daily Cross-Border Equity Flows Pushed or Pulled?

By John M. Griffin, Federico Nardari, René M. Stulz. Review of Economics and Statistics, 2004

303 citations recorded by the source corpus.

Subfields: Finance, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/d93771e644aed1438444c8657b50b85e29b2a3b1

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In Finance

1. Steve Miller
2. Hong Wan
3. Incheol Kim

In Strategy and Management

1. Steve Miller
2. Hong Wan
3. Incheol Kim

Citations in the corpus

• Drivers behind the monitoring effectiveness of global institutional investors: Evidence from earnings management (2016, background): “Griffin, Nardari, and Stulz (2004) show that a model with perfect information cannot explain one of the stylized facts in international finance—the positive contemporaneous relationship between net equity flows and returns.”
• Liquidity and Expected Returns: Lessons from Emerging Markets (2007, unknown): “Second, the predictive power of returns for future liquidity in closed markets is only significant for the equally-weighted zeros based measure and for turnover, but the coefficient 20 is positive consistent with the evidence presented in Griffin, Nardari, and Stulz (2004).”