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bias, and country concentration. The paper finds that, if a country has a large amount of bilateral portfolio exposure in … financial spillovers; if a country has a stronger home bias, the country could have less spillovers from foreign financial …
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pervasiveness of home equity bias depend on the degree of investor protection. Additionally, we uncover a good country bias in … stocks consistent with the predictions of the model. -- Home Equity Bias ; Portfolio Choice ; Limited Participation …
Persistent link: https://www.econbiz.de/10009502217
We show that the local bias in US mutual fund portfolios varies significantly over time and is more pronounced at times … of heightened market uncertainty, such as during financial crises. Similarly, local bias is less pronounced in periods … explaining the dependence of local bias on market conditions, and that our evidence is more consistent with a behavioral …
Persistent link: https://www.econbiz.de/10013066388
countries to a parallel shift from equity home bias to equity Euro bias. We interpret this evidence by means of a standard mean …
Persistent link: https://www.econbiz.de/10013159821
This paper examines the patterns of intraday cojumps between international equity markets as well as their impact on international asset holdings and portfolio diversification benefits. Using intraday index-based data for exchange-traded funds as proxies for international equity markets, we...
Persistent link: https://www.econbiz.de/10012907781
This paper examines the benefits of regionally and globally diversified portfolios from the perspective of investors holding domestic-only portfolios from different Asia-Pacific countries. Three groups of regional portfolio are constructed, with sorting based on relative strength ranking...
Persistent link: https://www.econbiz.de/10013043554
Using daily and monthly MSCI index returns of Association of Southeast Asian Nations (ASEAN) markets for the period 2007 and 2021, this study aims to examine if there are any advantages to diversification in ASEAN markets for Vietnamese investors and if those perks have altered between pre and...
Persistent link: https://www.econbiz.de/10014429106