Kim, Heeho; Cho, Seong-Hoon; Kim, Yongku - In: Journal of International Money and Finance 51 (2015) C, pp. 114-136
This paper aims to uncover the role of heterogeneity and spillover effects of return and risk on home bias associated with common background characteristics of trading countries. We adopt a spatial panel model to utilize uniquely created weight matrices and capture the spatial spillover effects...