GERMAN

The International Diversification Puzzle: Home Bias in Countries’ Investment Portfolios

By Kleinert , Helena

Book information

Publisher
Duncker & Humblot
Year
2016
ISBN
9783896447166, 9783896737168
DOI
10.3790/978-3-89644-716-6
Language
german
Format
PDF
Filesize
2 MB (1904214 bytes)
Series
Studienreihe der Stiftung Kreditwirtschaft an der Universität Hohenheim; 53
Edition
1
Pages
138\138
Library
elibrary.duncker-humblot.com
Time added
2023-10-14 03:32:17

Description

This work analyzes determinants of portfolio decisions in the context of cross-country diversification, which cause significant overweighting of the respective domestic market. By amending traditional determinants with cross-cultural variables, this work enhances current insights on the home bias phenomena.In addition, the study sheds light on the capital market anomaly in the context of consumption risk and documents that the increasing importance of foreign positions in international investment portfolios improves international consumption risk sharing among economies.

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