Institutional investor is supposed to be more powerful than individual investor from the perspectives of regularity authority and scholar, but the results are mixed. Using the data of listed company in China, the paper presents a comparative study on the impacts of institutional investor and individual investor on investment risk. It shows that the scale and ownership of institutional investor ...

Abstract Foreign investors have been very active in football clubs many different countries. These see significant benefits from foreign investment. However, Turkey, this practice has not yet implemented. Furthermore, there no general discussion about the applicability of system Turkish clubs, despite almost all being a state financial turmoil. To fill void, study aims to research views fans re...

In this paper we examine the proposition that small investor sentiment, measured by the change in the discount/premium on closed-end funds, is an important factor in stock returns. We conduct an out-ofsample test of the investor sentiment hypothesis in a market environment that is more likely to be prone to investor sentiment than the U.S.. We fail to provide supporting evidence of the claim of...

Pakistan’s new government which assumed office under President Musharraf in October 1999 was faced with four main challenges: heavy external and domestic indebtedness; high fiscal deficit and low revenue generation capacity; rising poverty and unemployment; weak balance of payments. In addition, Pakistan was perceived as a highly corrupt country with poor governance. A survey by Transparency In...

This paper examines the role of local currency bond markets (LCBMs) and foreign investor participation in these capital flow volatility emerging Asian economies over period 1999 to 2020. Using a panel analysis impulse response functions generated from structural vector autoregression, we show that greater development LCBMs across 10 terms capitalization helps mitigate against volatility, while ...

Can a country grow faster by saving more? We address this question both theoretically and empirically. In our model, growth results from innovations that allow local sectors to catch up with the frontier technology. In relatively poor countries, catching up with the frontier requires the involvement of a foreign investor, who is familiar with the frontier technology, together with effort on the...

This paper postulates that management performance evaluation is a source of divergence between institutional investors and households’ optimal portfolio decisions. In a partial equilibrium setting, the objective of a representative household is modeled as the maximization of expected utility (an increasing and concave function, in order to accommodate risk aversion) of final wealth. Yet, the in...