Instead, we find an impact from negative return shocks on the equity risk premium only in Sri Lanka. Therefore, we conclude that investors are not compensated for the conditional volatility of the excess returns in these two markets, while Sri Lankan investors are compensated for the risk of ...
To investigate the impact of MLS on the cost of equity capital, we first compile ownership data for a sample of firms from 8 East Asian economies (Hong Kong, Indonesia, Korea, Malaysia, Philippines, Singapore, Taiwan, and Thailand) used by Claessens et al. (2000), and 13 from Western Eu...
Last year’s series of disturbing shocks to the global economy and to the willingness of global investors to take on risk were particularly unkind to the equity markets of the so-call BRICs, the four largest emerging-market economies: Brazil, Russia, India, and China. The combined equity mark...
Even in countries (such as Bangladesh, Indonesia, Philippines and Korea) where OOP payments are progressive [8], the reason for this is that poor households simply cannot afford to pay for health care and therefore do not access health services. In other words, the seemingly 'progressive' OOP...
For seven studied countries—five developed (USA, UK, Japan, Germany, and France) and two emerging (Turkey and Indonesia)—the share of total trading volume attributed to the 10% of largest companies in terms of market capitalization was over 70%, with the exception of Indonesia (68%). ...