Equity home bias is one of the main puzzles in international investments. This paper investigates the bilateral investment flow between the thirty OECD countries and identifies the determinants that drive individual investors to take risks for which they are not being compensated. The model focuses the bilateral investment flow on distance, use of common language, and real exchange rate volatility. It also examines bilateral investment flow when country-fixed effects are imposed. In addition to findings that are consistent with conventional studies on gravity and real exchange rate volatility measures, I find that institution quality play a role of greater significance in increasing total bilateral investment flow than home bias or investor...
The purpose of this paper is to examine the allocation of cross-border equity holdings and provide e...
Modern portfolio theory suggests that the best strategy to reduce portfolio risk is to diversify int...
Home bias is a perennial feature of international capital markets. We review various explanations of...
Equity home bias is one of the main puzzles in international investments. This paper investigates th...
This paper uses gravity models to bring new evidence that informational and cultural variables are k...
Despite large potential gains, international equity investment is less diversified across countries ...
Utilizing 650 country-pairs from the years 2001 through 2014, this research examines whether social ...
Despite the liberalization of foreign portfolio investment around the globe since the early 1980s, t...
This dissertation examines one category of international capital flows, private portfolio investment...
Using aggregate data on bilateral cross-border equity holdings, we investigate whether investors cor...
Despite the liberalization of capital flows among OECD countries, equity home bias remains sizable. ...
We explore the determinants of bilateral portfolio investments and their dynamics by using data from...
Traditional financial diversification theory states that one should hold a portfolio with a well div...
We examine how mutual funds from 26 developed and developing countries allocate their investment bet...
The persistence of home bias despite the gains from international diversification and the lifting of...
The purpose of this paper is to examine the allocation of cross-border equity holdings and provide e...
Modern portfolio theory suggests that the best strategy to reduce portfolio risk is to diversify int...
Home bias is a perennial feature of international capital markets. We review various explanations of...
Equity home bias is one of the main puzzles in international investments. This paper investigates th...
This paper uses gravity models to bring new evidence that informational and cultural variables are k...
Despite large potential gains, international equity investment is less diversified across countries ...
Utilizing 650 country-pairs from the years 2001 through 2014, this research examines whether social ...
Despite the liberalization of foreign portfolio investment around the globe since the early 1980s, t...
This dissertation examines one category of international capital flows, private portfolio investment...
Using aggregate data on bilateral cross-border equity holdings, we investigate whether investors cor...
Despite the liberalization of capital flows among OECD countries, equity home bias remains sizable. ...
We explore the determinants of bilateral portfolio investments and their dynamics by using data from...
Traditional financial diversification theory states that one should hold a portfolio with a well div...
We examine how mutual funds from 26 developed and developing countries allocate their investment bet...
The persistence of home bias despite the gains from international diversification and the lifting of...
The purpose of this paper is to examine the allocation of cross-border equity holdings and provide e...
Modern portfolio theory suggests that the best strategy to reduce portfolio risk is to diversify int...
Home bias is a perennial feature of international capital markets. We review various explanations of...
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