“…In contrast, the literature on international institutional ownership had been rather limited until recently as the FactSet LionShares Global Ownership database becomes available (e.g., Ferreira and Matos 2008;Ferreira et al 2010;Aggarwal, Erel, Ferreira, and Matos 2011;Lin, Massa, and Zhang 2014;Pevzner, Xie, and Xin 2015;Iliev, Lins, Miller, and Roth 2015;Bartram, Griffin, Lim, and Ng 2015).…”