U.S. Equity Investment in Emerging Stock Markets

Abstract

Journal Article U.S. Equity Investment in Emerging Stock Markets Get access Linda L. Tesar, Linda L. Tesar Linda L. Tear is with the Department of Economics at the University of California at Santa Barbara and the National Bureau of Economic Research. Ingrid M. Werner is with the Graduate School of Business at Stanford University, the Institute for International Economic Studies in Stockholm, and the National Bureau of Economic Research. This article was commissioned by the Debt and International Finance Division of the World Bank for its Conference on Portfolio Investment in Developing Countries, Washington, D.C., September 9–10, 1993. The authors thank Geert Bekaert and Stijn Claessens for their helpful comments, and Tasos Mastroyiannis, Jon Riddle, Patrick Rowland, and Michael Urias for their excellent research assistance. Search for other works by this author on: Oxford Academic Google Scholar Ingrid M. Werner Ingrid M. Werner Linda L. Tear is with the Department of Economics at the University of California at Santa Barbara and the National Bureau of Economic Research. Ingrid M. Werner is with the Graduate School of Business at Stanford University, the Institute for International Economic Studies in Stockholm, and the National Bureau of Economic Research. This article was commissioned by the Debt and International Finance Division of the World Bank for its Conference on Portfolio Investment in Developing Countries, Washington, D.C., September 9–10, 1993. The authors thank Geert Bekaert and Stijn Claessens for their helpful comments, and Tasos Mastroyiannis, Jon Riddle, Patrick Rowland, and Michael Urias for their excellent research assistance. Search for other works by this author on: Oxford Academic Google Scholar The World Bank Economic Review, Volume 9, Issue 1, January 1995, Pages 109–129, https://doi.org/10.1093/wber/9.1.109 Published: 01 January 1995