Corporate governance and stock market duration for South Korea and the USA

Dan Hemmings and Jill Solomon

Global Economic Review, 1998, vol. 27, issue 3, 76-92

Abstract: In this paper we investigate the hypothesis that international differences in corporate governance systems may be portrayed through measuring the duration of stock markets. Stock market duration provides a means of measuring the average length of time for which investors retain their investment in a country's equity assets. We expect that countries classified as insider-dominated are likely to be characterised by longer stock market durations whereas outsider-dominated economies will have shorter stock market durations. By estimating the stock market duration of South Korea and the USA, we test our hypothesis and find that the USA, an outsider-dominated economy has a significantly shorter stock market duration than South Korea, an insider-dominated economy.

Date: 1998
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.tandfonline.com/doi/abs/10.1080/12265089808449742 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:glecrv:v:27:y:1998:i:3:p:76-92

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/RGER20

DOI: 10.1080/12265089808449742

Access Statistics for this article

Global Economic Review is currently edited by Kap-Young Jeong and Taeyoon Sung

More articles in Global Economic Review from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().