Do domestic and foreign fund managers have similar preferences for stock characteristics? A cross-country analysis

By Vicentiu Covrig, Sie Ting Lau, Lilian Ng. 2006

195 citations recorded by the source corpus.

Subfields: Accounting, Finance

View Paper: https://www.semanticscholar.org/paper/f8f9e00043aea6dc5db3119867b05b7a64da852c

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In Accounting

1. Ljiljana Kašćelan
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Citations in the corpus

• Hybrid support vector machine rule extraction method for discovering the preferences of stock market investors: Evidence from Montenegro (2015, background): “These results are consistent with those documented by Kang and Stulz (1997), in the Japanese stock market, and by Covrig et al. (2006), in eleven developed stock markets.”
• Do foreign investors exhibit a corporate governance disadvantage? An information asymmetry perspective (2010, unknown): “This finding suggests that acquirers that 4 Covrig, Lau, and Ng (2006) show that both foreign and domestic mutual fund managers have similar preferences for stock characteristics. maintain product market relationships with targets have few incentives to monitor target management since active…”
• Home Bias, Foreign Mutual Fund Holdings, and the Voluntary Adoption of International Accounting Standards (2007, unknown): “In addition, consistent with prior studies such as Covrig et al. (2004), the coefficients on the control variables in Table 4 suggest that domestic fund managers prefer investments that pay larger dividends, and that foreign fund managers prefer investments with high global visibility.”
• The colors of investors’ money: The role of institutional investors around the world (2008, unknown): “…(2005), and Leuz, Lins, and Warnock (2005)); country-level institutional holdings or blockholdings (Chan, Covrig, and Ng (2005), Li, Moshirian, Pham, and Zein (2006)); holdings from just one class of institutions (mutual funds as in Covrig, Lau, and Ng (2006)); or holdings for a single year.”
• Foreign institutional investors and corporate governance in emerging markets: Evidence of a split-share structure reform in China (2015, background): “21 See, for example, Falkenstein (1996) and Gompers and Metrick (2001) for the U.S. market, Kang and Stulz (1997) for the Japanese market, Dahlquist and Robertsson (2001) for the Swedish market, Covrig, Lau, and Ng (2006) and Ferreira and Matos (2008) for multiple developed markets.”
• The liability of foreignness in capital markets: Sources and remedies (2011, unknown): “In a recent study of a large number of international funds with holdings in 11 developed countries, Covrig, Lau, and Ng (2006) investigated stock selection by domestic and foreign fund managers and found that domestic managers typically prefer smaller, high market-to-book firms.”
• The Impact of Mandatory IFRS Adoption on Foreign Mutual Fund Ownership: The Role of Comparability (2011, unknown): “For example, De Franco et al. (2008) examine comparability among U.”