Global ETD Search
Search theses and dissertations gathered from participating repositories worldwide. Every result links back to the library that holds it. No account is needed.
Results
Showing 1 to 20 of 25 for “"home bias"”.
-
Communication, home bias and social capital
… of three essays on the effects of communication, home bias and social capital. The first study analyzes three different laboratory treatments that determine if policies that introduce and improve communication are beneficial to a market. The control treatment has no communication. Then, two …
-
Foreign direct investment – a behavioural finance approach
… by applying two behavioural finance concepts, home bias and herding, to the analysis of FDI flows. I contribute to the literature by empirically testing for home bias and herding in an FDI context using a very broad panel dataset. I also contribute by examining the country policy implications …
-
The impact of sub-optimal international portfolio allocations on cost of capital, stock market development and investor protection standards
… local investors overweight the domestic market (home bias), whilst foreign investors under or overweight foreign markets (foreign bias). Current studies have mainly investigated factors that determine home and foreign bias. The study uses comprehensive macro and micro level data to examine the …
-
Essays in International Finance
… familiarity impact the portfolio allocation at home and abroad. In my first essay, I investigate determinants of foreign diversification by more than thirty thousand institutions worldwide. Survey-based country-specific variables on cross-cultural behavior help to explain both home bias and …
-
The impact of central bank independence and transparency on the cost of capital, equity home and foreign bias, and debt home and foreign bias
… to risk sharing, lower cost of capital, reduced home bias, and increased foreign bias in equity and debt portfolios. This study employed a panel dataset of 40 countries from 2001 to 2014, including 23 developed and 17 emerging countries. The first empirical study investigates the impact of …
-
Three essays on international economics
… (case DS471). Chapter 4 considers how equity home bias is related to a country-level behavioral factor (unfamiliarity) when domestic investors have limited information about foreign equities.
-
Three Essays On Private Market Interactions
… asset liability matching, regulation, home bias, and reaching for yield affect PE investment. Results indicate risk¬ shifting and managerial discretion by stock insurers does not factor into the PE investment decision. In addition, results confirm home bias positively influences PE …
-
Real estate investment indices in Japan and their role in optimal international portfolio allocation
It has been said that "home bias" exists among investors due to informational disadvantage involved in cross-border investment. But, real estate has become a major asset class and cross-border real estate investment has been surging. Behind this phenomenon is heightened awareness among investors of …
-
Essays in applied economics
… new estimates and approaches to estimating the home bias puzzle. It uses micro-level data to calculate households' foreign equity exposure as a function of wealth. We find simple estimates have significant errors-in-variables problems and we construct an estimator using grouping to account for …
-
Essays in applied financial economics
… new estimates and approaches to estimating the home bias puzzle. It uses micro-level data to calculate households' foreign equity exposure as a function of wealth. We find simple estimates have significant errors-in-variables problems and we construct an estimator using grouping to account for …
-
Essays on Fiscal Policy
… open economy, for which a different degree of home-bias for the private and the public sector will be assumed. Once it has been proven that this introduction does not fundamentally vary the original results of the Galí-Monacellli (2005) model, a sensitivity analysis of the effects of such …
-
Trade, fiscal transfers, diversity and the resource curse : evidence from Canada and the US
… and garners further evidence in support of the home bias argument of McCallum (1995) and Obstfeld and Rogoff (2000b). Equally, our results uphold the Linder-hypothesis, but refute the Heckscher-Ohlin factor endowment proposition. Chapter 3 focuses on the relative importance of fiscal …
-
Economic Integration in ASEAN Region, and International Trade linkages with FDI, Tourism and Environment - Analysis and Evaluation of trade determinants at SITC I Industry Sector Level Using Four Gravity Models
… the border' 'beyond the border' constraints, 'home bias' and 'globalization puzzles' (ii) trade creation and trade diversion effects of RTAs, (iii) complementarity/substitution effects between FDI and/or tourism, and export trade, (iv) comparative/competitive advantages across industries, and …
-
Economic Integration in ASEAN Region, and International Trade linkages with FDI, Tourism and Environment - Analysis and Evaluation of trade determinants at SITC I Industry Sector Level Using Four Gravity Models
… the border' 'beyond the border' constraints, 'home bias' and 'globalization puzzles' (ii) trade creation and trade diversion effects of RTAs, (iii) complementarity/substitution effects between FDI and/or tourism, and export trade, (iv) comparative/competitive advantages across industries, and …
-
The impact of economic policy uncertainty on cost of capital, stock market development, and debt home and foreign bias: cross country evidence.
… the role of economic policy uncertainty on debt home and foreign bias. In the first empirical chapter, we investigate whether economic policy uncertainty and the interaction of foreign equity portfolio flow and economic policy uncertainty impact the cost of capital. Using panel data from 20 …
-
Essays in Spatial Economics
… dwellings in France, documents the presence of home bias in investment (a negative effect of distance for individual investors' lumpy portfolio allocation decisions). I explore its consequences for the equilibrium supply of housing, in a spatial equilibrium framework combined with a frictional …
-
Essays on the macroeconomics of economic development
… technology, changes in labor supply will induce biased technological adoption. I test this hypothesis using data from one of the largest population transfer programs of the 20th century. After WW2, Germany lost part of its Eastern Territories. Within 2 years, more than 8m people were expelled and …
-
International diversification opportunities for real estate investment portfolios : a fresh look focusing on private real estate after the Great Crash
… can be found in some pairs of markets. Applying home bias and limits on exposure to any single country i.e. country caps to the portfolio allocation helps to balance the allocation weights for the investor's portfolio but also significantly limits the investor's ability to take advantage of …
-
Essays on Sovereign Risk and Banking
… were (at least) equally affected by a rise in home bias. Finally, we propose a new debt reallocation channel based on informational frictions and show that crisi-country debt was not only reallocated to domestic banks, but also to the informationally closer foreign banks. Our results imply that …
Page 1 of 2