Observed international diversification implies an investment home bias (IHB). Can bivariate preferences with a local …

Distinguishing two components of the preference for geographical proximity – the domestic country bias assessing … investors' holdings within the domestic market, and the foreign country bias assessing investors' bilateral holdings within a … report several positive country bias ratios suggesting that the source country's investors overweigh the destination market …

The paper develops measures of home bias for 46 countries over the period 2001 to 2011 by employing various models … the expected return of each asset. Paper finds that, for few countries, there is not much change in home bias measures … crisis and institutional quality have significant impact on home bias. There are policy implications associated with home …

of Portfolio Management [2006]) efficiently replicates a number of stylized facts associated to home bias and local …

I provide an analysis of the home bias in international equity investments using data for the year-end 2006 …. Distinguishing two components of the local equity preference – the “domestic country bias” indicating whether local investors … overinvest the domestic market, and the “foreign country bias” indicating whether investors overinvest or underinvest a …