We use a comprehensive 1997 survey to examine U.S. investors' preferences for foreign equities. We document a variety ….S. investors' attraction to foreign stocks that cross-list in the United States. …

, many by more than they underweight foreign equities in general. Such behavior is surprising given the common perception of …

country distribution of U.S. investors' equity holdings using a comprehensive new data set on U.S. ownership of foreign stocks … historical risk-adjusted returns. We attribute this finding to the fact that foreign firms that list on U.S. exchanges are … hypothesis that information costs are an important source of home bias: Foreign countries whose firms do not alleviate …

Foreign direct investment (FDI) into the financial sectors of emerging economies soared during the 1990s, leaving many … countries with banking sectors owned primarily by foreign institutions. While the implications of FDI into emerging markets are … understanding of this relationship is crucial for countries formulating policy with respect to foreign banks. This article argues …

proportion of the value of outstanding U.S. long-term securities (equities and long-term debt) that was foreign-owned increased … from about 5 percent to about 12 percent. At the same time, U.S. holdings of foreign long-term securities also increased …, although their growth did not match the rapid growth in foreign holdings of U.S. securities. At $1.8 trillion, the value of U …