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instrumented with its cultural determinants. We conclude that perceptions rooted in culture are important (and generally omitted …
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This paper examines determinants of domestic (investors overweight their domestic market) and foreign bias (investors over- or underweight foreign markets) in international asset allocation from 26 developed and developing countries. In particular, we document robust evidence that...
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Extant research has documented a substantial impact of culture and patriotism on equity home bias. This paper examines … whether culture and patriotism influence home bias in bond portfolios. In this respect, I differentiate between two different …
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