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 …

This paper analyzes determinants of home bias in equity funds based on monthly holdings data using panel and quantile … from January 2003 to December 2016. More than ninety percent of our sample funds show, on average, a home bias. In addition …, the home bias across funds is quite stable over time. Analyzing the determinants of this home bias, our empirical results …

This paper introduces a return-based approach to studying a possible home bias of equity funds by estimating their … in a particular country. Our findings reveal that the portfolios of four domiciles show a significant home bias. Moreover …. Finally, a home bias of individual funds is not related to superior performance, but actually results in higher investment …