Home Bias
Measures of Equity Home Bias Puzzle
... on home bias revolves around different motives of investors, including information asymmetries, behavioural biases, hedging motives and explicit barriers to international ...a home bias in ...
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From Home Bias to Euro Bias: Disentangling the Effects of Monetary Union on the European Financial Markets
... Our objectives in this paper are to empirically analyze the relevant economic factors at play behind the switch from home bias to Euro bias over the periods 1997 and 2001-2007. In so doing, we run ...
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Equity home bias in Dutch industry wide pension funds
... of home bias is ...disappearing home bias should also ...and home bias reduced in the European Union with the adoption of International Accounting Standards (IAS) in ...
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Geography and intra national home bias : U S domestic trade in 1949 and 2007
... We also use data on GDP and total personal incomes at the state level, intra- and inter-state distances and geographical concentration indices. The GDP in 2007 and total personal income in 1949 for U. S. states are from ...
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Single Market Trails Home Bias. Bruegel policy brief 2006/05, October 2006
... “home bias puzzle”. The attempts to quantify and explain the “home bias puzzle” are pervasive in recent economic ...of home bias are not fully convincing in the ...explain ...
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Home bias in officiating: Evidence from international cricket
... with home bias, while both home and away teams were given out LBW less often by one home/one neutral umpire compared to two home umpires, away teams benefited more, with ...both ...
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Geography and intra national home bias : U S domestic trade in 1949 and 2007
... of home bias might be biased downwards. Since we show that the home-bias in 1949 is smaller than in 2007, we need to establish whether this could be due to downward bias in the 1949 ...
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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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International investors' home bias in portfolio equity investment
... ForeignLis on HomeBias ij . Column (1) of Table 4 indicates that upon introducing Dist ij variable, Trade ij losses its significance level from 1 percent to 5 percent, as compared to column (1) of Table 3. There is a ...
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Home Bias and Network Effect of Indonesian Migrant Workers on Malaysia’s External Trade
... Limited studies on the effect of immigrant workers on trade have been carried out in Asia even though some Asian countries have become important labour sending or labour receiving countries. This study attempts to fill ...
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The Determinants of Home Bias in Stock Portfolio: An Emerging and Developed Markets Study
... The objective of this paper is to measure the degree of home bias (HB) within holdings portfolio and to identify their determining factors. By following literature and an international capital asset pricing ...
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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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The determinants of home bias puzzle in equity portfolio investment in Australia
... Over the last decades, countries are trying to remove cross-border controls, relax restriction on capital movement. However, these controls are still expected to have an effect on cross-border investment that contributes ...
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Australia's equity home bias and corporate governance
... Column (2) indicates regression results where the independent variables are trade, language and transaction cost. Language variable is significant at 1 percent level and is negative. This implies that Australian ...
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Tariff, Consumption Home Bias and Macroeconomic Dynamics
... In order to simplify the analysis in this paper, on NOEM basis, we set two economic systems with equivalent size as the subjects of analysis. On the selection of the parameter, we try best to introduce empirical data on ...
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Firm level internationalisation and the home bias puzzle
... Enhanced integration throughout the world’s commodity, industrial and service sectors has created expanding opportunities for firms and investors to reap the synergistic gains from internationalisation. Firms have ...
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Institutional investors and home bias in Europe’s Capital Markets Union Bruegel Working Paper Issue 2 / 2017
... higher home bias, countries characterised by a high level of masculinity 4 and long-term orientation tend to have more internationally diversified portfolios, and countries with higher cultural distance 5 ...
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EMU Effects on Stock Markets: From Home Bias to Euro Bias
... equity home bias has been reduced at least within the euro area: in all euro area countries, the share of equity funds investing non domestically over the period 1995-2003 ...of home bias in ...
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Determinants of Home Bias Puzzle in European Countries
... This paper contributes to the existing literature on international asset allocation by investigating the impact of the number of industries by country on home bias and so profiting from sector ...
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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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