论文信息 - Why Do Foreign Investors Underperform Domestic Investors in Trading Activities? Evidence from Indonesia

Why Do Foreign Investors Underperform Domestic Investors in Trading Activities? Evidence from Indonesia

Foreign investors generally underperform domestic investors in trading activities. This study shows that their inferior performance is attributable to non-initiated orders. Foreign investors actually perform better than domestic investors in initiated orders. In addition, their performance is also mixed when trades are classified depending on who the counterparties are. These mixed performances can be explained by neither the information disadvantage hypothesis proposed by

Chunlin Liu | S. Ghon Rhee | Sumit Agarwal | Sheri Faircloth

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