The International Diversification Puzzle: Home Bias in Countries’ Investment Portfolios
Verlag Wissenschaft & Praxis
978-3-89673-716-8 (ISBN)
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.
Introduction
A. Home Bias in International Investment Portfolios – A Literature Review
Introduction – International Diversification and Home Bias in Portfolio Allocation – Calculation optimal portfolio weights – Potential Explanations for the Home Bias – Conclusion
B. Cultural Influences on Domestic and Foreign Bias in International Asset Allocation
Introduction – Data and Placement in Literature – Calculation of the dependent variables – Explanatory Variables and Regression Framework – Empirical Results – Conclusion
C. Is increasing Financial Integration related to improved International Risk Sharing?
Introduction – Data – Theoretical Background and Placement and Literature – Patterns of Risk Sharing and International Asset Positions – Conclusion
Summary
References
| Erscheinungsdatum | 08.10.2016 |
|---|---|
| Reihe/Serie | Studienreihe der Stiftung Kreditwirtschaft an der Universität Hohenheim ; 53 |
| Zusatzinfo | 19 Tab., 5 Abb.; 137 S., 5 schw.-w. Abb., 19 schw.-w. Tab. |
| Verlagsort | Berlin |
| Sprache | englisch |
| Maße | 150 x 210 mm |
| Gewicht | 232 g |
| Themenwelt | Betriebswirtschaft / Management ► Spezielle Betriebswirtschaftslehre ► Bankbetriebslehre |
| Schlagworte | Bayesian Portfolio • Classical Mean-Variance Portfolio Model • Domestic Bias • Foreign Bias • Gravity Model • Home bias • International Capital Asset Pricing Model • International Investment Portfolio • Risk sharing |
| ISBN-10 | 3-89673-716-3 / 3896737163 |
| ISBN-13 | 978-3-89673-716-8 / 9783896737168 |
| Zustand | Neuware |
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