-level internationalization and call into question whether investing in domestic stock indices actually leads to home bias. We use three measures … that investors who invest in their domestic market do not necessarily suffer from home bias. Instead, investing in domestic … stock indices more likely prevents investors from a home bias instead of entrapping them to insufficient portfolios …

, we have obtained three behavioral bias proxies of the investors behind the wallets and five different properties of the …

methodologies that have been used to test this hypothesis are flawed because they are affected by a bias that results from sorting … used in the literature are affected by this sorting bias. We demonstrate that simply including the standard deviation over … the first half of the year in regression-based tests corrects for most of the bias and is as suitable to control for the …

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 …

, wherein stock prices affect firm policies. I show that selection bias invalidates fire sales. Large mutual fund outflows …

Partisan bias in fund portfolios is the effect of fund manager's political affiliation on portfolio allocation … decisions. I study two potential channels of this bias: biased expectations where managers become optimistic (pessimistic) when … find no evidence for in-group favoritism. I also document a partisan bias in holdings of stocks exposed to politicized …