Home-Bias
The determinants of home bias puzzle in equity portfolio investment in Australia
... the home bias issue, investors should diversify their equity holding to the optimal weights to achieve the benefits of international diversification, empirical facts suggest that there is still a large ...
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Australia's equity home bias and real exchange rate volatility
... equity home bias in recent ...and home bias puzzle can be ...domestic bias and foreign bias and that economic development, capital controls, and withholding tax variables have ...
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Australian investors' home bias in portfolio equity investment
... In Table 2, column (1), the variable is negative and significant implying that greater the destination countries equity investment in Australia, the lesser will be Australia’s homebias against these countries. 100 ...
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From Home Bias to Euro Bias: Disentangling the Effects of Monetary Union on the European Financial Markets
... two indices in the total value of the equities outstanding in Euro region. Figure 7 presents the weighted average of time-varying correlations of pairwise national indices and sector indices within the Euro area over the ...
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Equity home bias in Dutch industry wide pension funds
... Investing heavily in domestic securities is particularly surprising when it comes to institutional investors such as pension funds. Institutional investors are more informative and posses the required resources to follow ...
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Geography and intra national home bias : U S domestic trade in 1949 and 2007
... for home-bias must be ...explaining home bias in domestic trade (Hillberry 2000, Hillberry and Hummels 2003, 2008, Chen ...intra-national home bias probably does not connote ...
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Geography and intra national home bias : U S domestic trade in 1949 and 2007
... that home bias is not found only in international trade; domestic trade also exhibits a rather substantial border effect (Wolf 2000, Nitsch 2000, Hillberry 2000, Chen 2004, Millimet and Osang 2007, Coughlin ...
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Institutional investors and home bias in Europe’s Capital Markets Union Bruegel Working Paper Issue 2 / 2017
... the home bias of each country as a whole, but not risk sharing within a ...the home bias of the United States and the euro area relative to the rest of the world, we calculate the home ...
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Australia's equity home bias and corporate governance
... The empirical investigation into the home bias puzzle is important for several reasons. First, one of the major problems in the research on home bias has been relatively poor quality of data ...
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Firm level internationalisation and the home bias puzzle
... the home bias ...their home countries, investors can ‘free ride’ the costs and risks associated with internationalisation at the level of the ...
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Measures of Equity Home Bias Puzzle
... of home bias for various ...of home bias to a set of control variables (trade, beta, idiosyncratic risk, inflation, natural resources rents, size, institutional quality, global financial ...
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EMU Effects on Stock Markets: From Home Bias to Euro Bias
... The home bias phenomenon is well known in the literature (French and Poterba (1991); Tesar and Werner (1995) and Lewis (1999) among ...from home bias to Euro ...
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Financial integration and European priorities. Bruegel Third-Party Papers, November 2006
... This does not mean that the “home bias” has disappeared. Comparisons to a benchmark world market portfolio in which assets are allocated according to the size of each market indicate that European ...
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Single Market Trails Home Bias. Bruegel policy brief 2006/05, October 2006
... Insufficient integration may also hinder further market reforms. A country introducing reforms in a specific product market might achieve lower prices but also higher real inte- rest rates, since monetary policy is not ...
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Foreign direct investment – a behavioural finance approach
... in home assets relative to their international ...for home bias due to asymmetric information by analysing the analysts’ recommendations of stocks from the Economist’s quarterly portfolio ...
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Home bias Politics, Financial Deregulation and Economic Growth: A Causal Relationship
... that home bias in political decision-making is likely to in‡uence the extent of …nancial deregulation within any ...same home bias in decision-making will also in‡uence other policies that ...
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Measuring the integration of credit markets
... define home bias as the fact that agents tend to invest more in domestic assets even though risk is share more effectively if foreign assets are ...held. Home bias related to the degree of ...
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Biases in international portfolio allocation and investor protection standards
... of home bias (CPIS_HB) are presented in Panel ...equity home bias calculated as the log (natural) value of the share of domestic investors in their own country’s stock market capitalization ...
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International investors' home bias in portfolio equity investment
... There are several papers related to cultural-proximity barriers and equity investment. Coval and Moskowitz (1999, 2001) show that the weight of a US stock in US mutual funds is negatively related to the distance between ...
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Home bias in officiating: Evidence from international cricket
... ethnicity bias, a type of bias we do not consider in our ...towards home teams and social pressure as proxied by crowd ...of home bias is in contrast to Buraimo et ...that home ...
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