Home bias is a perennial feature of international capital markets. We review various
explanations of this puzzling phenomenon highlighting recent developments in …

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 …

Purpose The purpose of this paper is to examine the indirect effect of the International
Financial Reporting Standard (IFRS) adoption in increasing the foreign investors' ownership …

The paper develops measures of home bias for 42 countries over the period 2001 to 2011
by employing various models: international capital asset pricing model (ICAPM), classical …

The relationship between cross border taxation and free float home bias is examined. This
explicitly recognizes that insider shares are unavailable to foreigners. Other important …

This book provides a comprehensive and critical analysis of research outcomes on the
equity home bias puzzle–that people overinvest in domestic stocks relative to the …

This paper aims to uncover the role of heterogeneity and spillover effects of return and risk
on home bias associated with common background characteristics of trading countries. We …

Although international portfolio theory proposes optimal portfolios that are well diversified
internationally, in practice investors seem to ignore substantial diversification benefits in the …

Using a set of individual country-pair data on cross-border equity transactions between
seven Asian countries (China, Japan, Korea, Malaysia, Singapore, Thailand, and Australia) …

Abstract The paper employs International Capital Asset Pricing (ICAPM), Mean-variance,
Global minimum variance, Bayes–Stein, Bayesian and Multi-prior models to develop foreign …