fraction that is well below measures that reflect their economic importance. This “home bias” fluctuates across years over the … last two decades but with no discernible trend in any direction. There is also a “foreign bias” in which some non …-U.S. countries are more frequently the subject of published papers than others. I am unable to explain much of either the home-bias …

countries, we investigate empirically if there is systematic evidence for a home bias in sovereign ratings. Specifically, we use … explained by the fundamentals of rated countries, our results provide empirical support for the existence of a home bias in … sovereign ratings. We find that the bias becomes more accentuated following the onset of the Global Financial Crisis and appears …

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 …

This paper analyzes determinants of home bias in equity funds based on monthly holdings data using panel and quantile … from January 2003 to December 2016. More than ninety percent of our sample funds show, on average, a home bias. In addition …, the home bias across funds is quite stable over time. Analyzing the determinants of this home bias, our empirical results …

This paper introduces a return-based approach to studying a possible home bias of equity funds by estimating their … in a particular country. Our findings reveal that the portfolios of four domiciles show a significant home bias. Moreover …. Finally, a home bias of individual funds is not related to superior performance, but actually results in higher investment …

The literature on international equity holdings distinguishes between home bias (overweighting of home stocks) and … foreign bias (relative underweighting for more 'distant' countries). The two biases can be integrated into one distance …-based model. We define pure home bias as the excess of home bias relative to this model, and find pure home bias only in emerging …

bias, sheds light on a new information channel for international investment decisions, and contributes to the debate on …

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 …