deviations of portfolio concentrations in domestic relative to foreign risky assets, or "home bias", from what standard finance … models predict. Our model ascribes the "bias" to endogenous information acquisition bolstered by investors' human capital. We … understanding the global financial crisis of 2007-09. -- private information ; human capital ; home bias ; financial markets ; risky …

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 …

This paper brings together the literature on determination of home bias in equity holdings and the portfolio balance … holdings of European firms indicates home bias for European investors, and points to a reduction in the magnitude of this home … bias since 1997. …

notably Australia and Canada). Lastly, these developments have led to a decline in home bias in the U.S. financial bond …