Sendi, Imtithel; Aloui, Chaker; Bellalah, Makram - In: International Journal of Behavioural Accounting and Finance 1 (2009) 2, pp. 167-178
Modern portfolio theory suggests that the best strategy to reduce portfolio risk is to diversify internationally rather than nationally. However, despite the gains from international portfolio diversification investors still overweight their portfolios with the domestic assets. This is referred...