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Portfolio Managers and Elections in Emerging Economies: How investors dislike political uncertainty
Frot, Emmanuel; Santiso, Javier - 2010
This paper studies the effect of elections and democracy on bond and equity flows to emerging countries. Our results … indicate that elections affect portfolio flows: the period following an election is generally characterised by a fall in equity … uncertainty about future policies plays a key role in explaining the effect of elections. Bond flows decrease after an election …
Persistent link: https://www.econbiz.de/10012110636
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Foreign and domestic investment in global bond markets
Park, Donghyun; Taniguchi, Kiyoshi; Tian, Shu - 2018
Gauging foreign (domestic) biases as the deviation of foreign (domestic) investors' actual portfolio allocation of a bond market from the same bond market's weight in global bond market, we investigate the determinants of foreign and domestic investment biases in 41 global bond markets. We find...
Persistent link: https://www.econbiz.de/10012064697
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Foreign and domestic investment in global bond markets
Park, Donghyun; Taniguchi, Kiyoshi; Tian, Shu - 2018
Gauging foreign (domestic) biases as the deviation of foreign (domestic) investors' actual portfolio allocation of a bond market from the same bond market's weight in global bond market, we investigate the determinants of foreign and domestic investment biases in 41 global bond markets. We find...
Persistent link: https://www.econbiz.de/10011791937
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Red and blue investing: Values and finance
Hong, Harrison; Kostovetsky, Leonard - In: Journal of Financial Economics 103 (2012) 1, pp. 1-19
Using data on the political contributions and stock holdings of U.S. investment managers, we find that mutual fund managers who make campaign donations to Democrats hold less of their portfolios (relative to non-donors or Republican donors) in companies that are deemed socially irresponsible...
Persistent link: https://www.econbiz.de/10010702360
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Are "market neutral" hedge funds really market neutral?
Patton, Andrew J. - London School of Economics (LSE) - 2004
One can consider the concept of market neutrality for hedge funds as having breadth and depth: breadth reflects the number of market risks to which a fund is neutral, while depth reflects the completeness of the neutrality of the fund to market risks. We focus on market neutrality depth, and...
Persistent link: https://www.econbiz.de/10010746652
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Genetic Ability, Wealth, and Financial Decision-Making
Barth, Daniel; Papageorge, Nicholas W.; Thom, Kevin - 2017
Recent advances in behavioral genetics have enabled the discovery of genetic scores linked to a variety of economic outcomes, including education. We build on this progress to demonstrate that the same genetic variants that predict educational attainment independently predict household wealth in...
Persistent link: https://www.econbiz.de/10011653295
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Genetic ability, wealth, and financial decision-making
Barth, Daniel; Papageorge, Nicholas W.; Thom, Kevin - 2017
Recent advances in behavioral genetics have enabled the discovery of genetic scores linked to a variety of economic outcomes, including education. We build on this progress to demonstrate that the same genetic variants that predict educational attainment independently predict household wealth in...
Persistent link: https://www.econbiz.de/10011613150
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Chapter 4. On Formulating and Solving Portfolio Decision and Asset Pricing Problems
Chen, Yu; Cosimano, Thomas F.; Himonas, Alex A. - In: Handbook of computational economics : volume 3, (pp. 161-223). 2014
This chapter discusses computational methods for approximating portfolio and asset pricing problems. Formulation of these problems is usually specified along with components, preferences, payoffs, etc., that are analytic functions. This implies that the solutions to these problems acquire this...
Persistent link: https://www.econbiz.de/10014025718
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Sovereign Wealth Funds’ Internationalization Strategies : The Use of Investment Vehicles
Murtinu, Samuele - 2016
In this work, we study the strategies driving cross-border sovereign wealth fund (SWF) investments worldwide. In particular, we investigate how SWFs internationalize their activities, studying whether the use of investment vehicles as signal of passive investment approach to access foreign...
Persistent link: https://www.econbiz.de/10013004732
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Portfolio Managers and Elections in Emerging Economies : How Investors Dislike Political Uncertainty
Frot, Emmanuel - 2010
This paper studies the effect of elections and democracy on bond and equity flows to emerging countries. Our results … indicate that elections affect portfolio flows: the period following an election is generally characterised by a fall in equity … uncertainty about future policies plays a key role in explaining the effect of elections. Bond flows decrease after an election …
Persistent link: https://www.econbiz.de/10013137359