stocks (local bias). We hypothesize that individual investors’ local bias is not limited to the domestic sphere but instead … also determines their international investment decisions. Our results confirm the presence of a cross-border local bias … display a significantly lower foreign investment bias towards investment opportunities in that country and (ii) that this drop …

stocks (local bias). We hypothesize that individual investors' local bias is not limited to the domestic sphere but instead … also determines their international investment decisions. Our results confirm the presence of a cross-border local bias … display a significantly lower foreign investment bias towards investment opportunities in that country and (ii) that this drop …

stocks (local bias). We hypothesize that individual investors' local bias is not limited to the domestic sphere but instead … also determines their international investment decisions. Our results confirm the presence of a cross-border local bias … a significantly lower foreign investment bias towards investment opportunities in that country and that this drop in …

In this paper, I explore the determinants of foreign bias in international portfolio investment focusing on a … uncertainty averse the investor, even after controlling for different sources of risk. I provide compelling evidence that … uncertainty avoidance helps to explain foreign bias and that it has an amplifying effect on unfamiliarity and should be accounted …

momentum prediction has been proved, the predictors can be applied to momentum risk management. I introduce two new momentum … been used before. I then introduce a new method of momentum risk management that has a lower transaction cost than existing …

-sectional explanatory power of different risk-measures in pricing U.S. stocks and find that investors dislike downside risk. In the second … these risk exposures vastly improves the opportunity to exploit investors' overreaction exhibited in stock-price movements …

risk-adjusted performance, (ii) the performance persistence of funds, and (iii) luck versus skill in the cross-section of …

investing: an adjusted momentum portfolio which hedges in real time for both volatility and skewness risk outperforms benchmark … risk aversion and cannot be reconciled by the exposure to standard equity risk factors …