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  • Political turmoil and the impact of foreign orders on equity prices 

    Authors:Tiniç, Murat; Savaşer, Tanseli
    Publisher and Date:(Elsevier, 2020)
    This paper examines whether foreign investors possess an information advantage over local investors in the Turkish stock market between 2007 and 2015. We find that foreign investors have an information advantage in 24 stocks, corresponding to seven percent of the sample firms. Foreign investors' information advantage tends to prevail primarily during a period of political instability, which started with the Gezi Park protests in June 2013. The adverse selection component of the foreign trade ...