Timo Korkeamäki, Nader Virk, Haizhi Wang & Peng Wang
BOFIT Discussion Papers 19/ 2018
Korkeamäki et al. analyze preferences of foreign institutional investors in the Chinese stock market in a sample that covers 2003 to 2014. They 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.