Using a panel data set that provides detailed information on investors' stockholding, this paper studies the relationship between local bias and risk-adjusted portfolio return while controlling for alternative exogenous determinants within Sweden between the years of 2000 and 2007. Existing...

This paper examines the relation between corporate social responsibility (CSR) news releases and local bias. I identify 44 keywords that are used in CSR related research and examine the effects when these words appear in media. Analyses show that CSR news releases reduce firm level local bias,...