This paper reviews the relatively more recent literature on equity home bias–the empirical
finding that people overinvest in domestic stocks relative to the optimal investment portfolio …

This paper reviews the recent literature on equity home bias-the empirical finding that
people over invest in domestic stocks relative to the theoretically optimal investment …

As domestic sources of outside finance are limited in many countries around the world, it is
important to understand factors that influence whether foreign investors provide capital to a …

We test the assertion that a consequence of voluntarily adopting International Accounting
Standards (IAS) is the enhanced ability to attract foreign capital. Using a unique database …

Using a new unique data set on mutual fund stockholdings, we identify several interesting
similarities and differences in the stock preferences of domestic and foreign fund managers …

Home bias–the empirical phenomenon that investors assign anomalously high weights to
their own domestic assets–has puzzled academics for decades: financial theory predicts that …

This monograph reviews the academic literature on market outcomes, reporting practices
and the political economy behind the global use of International Financial Reporting …

We test a conditional international asset pricing model with both world market and domestic
risk included as independent pricing factors for five East Asian markets, the US and World …

Value and contrarian investment strategies are two basic approaches which are widely used
by investors worldwide. Both value and contrarian investment strategies are assumed to pick …

We address the phenomenon of country total risk, confounded by the risk of holding assets
abroad and operating them in the foreign market. The findings point to deep differences in …