development and familiarity (language and distance) are considered key determinants for home bias. The literature neglects however … for this misclassification. First, we find substantially smaller home bias estimates compared to those in the literature …. Second, the explanatory power of plausible home bias determinants is lower than previously documented. Third, familiarity …

contributes to explaining the "home bias" in international equity investment. Our model is able to replicate observed investment …

" equities in investors' portfolios nearly doubles, reducing (but not eliminating) the observed home bias. …

? equities in investors' portfolios nearly doubles, reducing (but not eliminating) the observed home bias. …

behavior of the home bias - an initial plateau before 1985, then a decrease until 1994 followed by stabilization on another … home bias until its steady state. In the long run, the home bias remains large due to the interaction of the optimal … explanatory variables, we are able to explain at least 46.8% of the variation of the home bias for 19 developed countries from …

contributes to explaining the 'home bias' in international equity investment. Our model is able to replicate observed investment …

deviations of portfolio concentrations in domestic relative to foreign risky assets, or home bias, from what standard finance … models predict. Our model ascribes the bias to endogenous information acquisition bolstered by investors' human capital. We …

Integrated capital markets facilitate risk sharing across countries. Lower home bias in financial investments is an … indicator of risk sharing. We highlight that existing indicators of equity home bias in the literature suffer from incomplete … coverage because they consider only listed equities. We also consider unlisted equites and show that equity home bias is much …