The Home Bias in Equities and Distribution Costs
نویسندگان
چکیده
منابع مشابه
Explaining Home Bias in Equities and Consumption
Domestic investors hold a substantially larger proportion of their wealth portfolios in domestic assets than standard portfolio theory would suggest, a phenomenon called "equity home bias." In the absence of this bias, investors would optimally diversify domestic output risk using foreign equities. Therefore, consumption growth rates would tend to comove across countries even when output growth...
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ژورنال
عنوان ژورنال: The Scandinavian Journal of Economics
سال: 2015
ISSN: 0347-0520
DOI: 10.1111/sjoe.12105