methodologies that have been used to test this hypothesis are flawed because they are affected by a bias that results from sorting … used in the literature are affected by this sorting bias. We demonstrate that simply including the standard deviation over … the first half of the year in regression-based tests corrects for most of the bias and is as suitable to control for the …

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 …