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-analysis ; publication selection bias …
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In this paper, I explore the determinants of foreign bias in international portfolio investment focusing on a … uncertainty avoidance helps to explain foreign bias and that it has an amplifying effect on unfamiliarity and should be accounted …
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competing FDI theories. Since the structure of existing FDI data is well known to induce selection bias, we extend BMA theory to … HeckitBMA in order to address model uncertainty in the presence of selection bias. We show that more than half of the previously …
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We examine how emerging market (EM) investors allocate their stock portfolios internationally. Using both country-level and institution-level data, we find that the coming wave of EM investors systematically over- and under-weight their holdings in some target countries. These abnormal foreign...
Persistent link: https://www.econbiz.de/10013013182
We examine how emerging market (EM) investors allocate their stock portfolios internationally. Using both country-level and institution-level data, we find that the coming wave of EM investors systematically over- and under-weight their holdings in some target countries. These abnormal foreign...
Persistent link: https://www.econbiz.de/10013013596