We study the link between international stock return comovements and institutional investment. We test the hypothesis that the rise of institutional investors a
We find that institutional investors contribute significantly to both long-term levels and short-term changes of stock price comovement with the market. This re
Using foreign institutional ownership data in the U.S. from 1990 to 2007, we examine whether foreign institutional investors face liabilities of foreignness (LO
Recent changes in technology, along with the opening up of many regions previously closed to investment, have led to explosive growth in the international movem
This book covers the latest advances in the theory and practice of public investment management. It includes the most up-to-date developments in the implementat