Stock Market Liberalizations and the Repricing of Systematic Risk

Preprint OPEN
Anusha Chari; Peter Blair Henry;
(2001)
  • Subject:
    • jel: jel:F3 | jel:F4

When countries open their stock markets to foreign investors, firms that become eligible for purchase by foreigners (investible) are repriced according to the difference in the covariance of their returns with the local and world market. An investible firm whose return ... View more
Share - Bookmark