Timo Korkeamäki (HANKEN) - Learning Chinese? The changing investment behavior of foreign institutions in the Chinese stock market
Co-authors: Nader Virk (Plymouth University), Haizhi Wang (Illinois Institute of Technology) and Peng Wang (University of Southampton)
We analyze preferences of foreign institutional investors in the Chinese stock market in a sample that covers 2003 to 2014. We find foreign investors changed their investment behavior during the sample period from generic patterns found in much of the world to China-specific patterns. The results suggest that foreign institutions learned to adjust their investment behavior to account for unique features of the Chinese market.
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