Portfolio selection has been in the focus of financial research for at least thirty years. With a hand-collected data set containing information about the portfolio structure of private and institutional investors our paper gives a brief literature review and sheds light on the home bias effect...

The currently observable flight of investors out of investment funds is counterintuitive even in a crisis situation, because they forego the benefits of the collective investment offered by the funds. In order to unveil the reasons for this development we analyze the internal governance...

Investors who only invest in their domestic market are typically referred to as being home-biased. We refer to firm-level internationalization and call into question whether investing in domestic stock indices actually leads to home bias. We use three measures of firm-level internationalization...

In this paper we analyze whether key investor information documents (KIDs) provided by suppliers/issuers help retail investors to understand the key characteristics of financial products. KIDs are fact sheets composed to describe the characteristics of financial products in a brief, standardized...

Investors who only invest in their domestic market are typically referred to as being home-biased. We refer to firm-level internationalization and call into question whether investing in domestic stock indices actually leads to home bias. We use three measures of firm-level internationalization...