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Displaying results 1 to 19 of 19.

  1. Heterogeneity in conformism, firm selection, and home bias
    Published: March, 2018
    Publisher:  Center for Research in Economics and Management, University of Luxembourg, Faculty of Law, Economics and Finance, Luxembourg

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Array ; 2018, 09
    Subjects: heterogeneity in conformism; product quality; firmheterogeneity; home bias
    Scope: 1 Online-Ressource (circa 33 Seiten)
  2. Sources of uncertainty and subjective prices
    Published: [2018]
    Publisher:  IGIER, Università Bocconi, Milano, Italy

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Edition: This version: September 18, 2018
    Series: Working paper series / IGIER ; n. 628
    Subjects: source preference; source-dependent uncertainty attitudes; subjective prices; competence hypothesis; home bias
    Scope: 1 Online-Ressource (circa 47 Seiten)
  3. International equity portfolio diversification
    a sectoral and security-by-security analysis
    Published: [2017]
    Publisher:  Université de Paris Ouest Nanterre La Défense, Nanterre

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    VS 334 (2017,02)
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Working paper / EconomiX ; 2017, 02
    Subjects: gross international investment positions; home bias; correlation puzzle; financial structure; macro-prudential regulation
    Scope: 1 Online-Ressource (circa 20 Seiten), Illustrationen
  4. The effect of possible EU diversification requirements on the risk of banks' sovereign bond portfolios
    Published: 2019
    Publisher:  Federal Reserve Bank of Cleveland, [Cleveland, OH]

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    VS 36
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
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    Series: Working paper / Federal Reserve Bank of Cleveland ; 19, 12 (May 2019)
    Subjects: Bank regulation; sovereign-bank nexus; sovereign risk; home bias; diversification
    Scope: 1 Online-Ressource (circa 50 Seiten), Illustrationen
  5. Home bias in top economics journals
    Published: February 2023
    Publisher:  IZA - Institute of Labor Economics, Bonn, Germany

    Two of the top economics journals have institutional ties to a specific university, the Quarterly Journal of Economics (QJE) to Harvard University and the Journal of Political Economy (JPE) to the University of Chicago. Researchers from Harvard, but... more

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    Two of the top economics journals have institutional ties to a specific university, the Quarterly Journal of Economics (QJE) to Harvard University and the Journal of Political Economy (JPE) to the University of Chicago. Researchers from Harvard, but also nearby Massachusetts Institute of Technology (MIT), and from Chicago (co-)author a disproportionate share of articles in their respective home journal. Such home ties and publication bias may harm, but also benefit, article quality. We study this question in a difference-in-differences framework, using data on both current and past author affiliations and cumulative citation counts for articles published between 1995 and 2015 in the QJE, JPE, and American Economic Review (AER), which serves as a benchmark. We find that median article quality is lower in the QJE if authors have ties to Harvard and/or MIT than if authors are from other top-10 universities, but higher in the JPE if authors have ties to Chicago. We also find that home ties matter for the odds of journals to publish highly influential and low impact papers. Again, the JPE appears to benefit, if anything, from its home ties, while the QJE does not.

     

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/272592
    Series: Discussion paper series / IZA ; no. 15965
    Subjects: publishing process; institutional ties; citations; home bias
    Scope: 1 Online-Ressource (circa 53 Seiten), Illustrationen
  6. Carbon home bias of European investors
    Published: [2023]
    Publisher:  De Nederlandsche Bank NV, Amsterdam, The Netherlands

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: DNB working paper ; no. 786 (July 2023)
    Subjects: home bias; carbon footprint; divestment; engagement; securities holdingsstatistics
    Scope: 1 Online-Ressource (circa 59 Seiten), Illustrationen
  7. Green bond home bias and the role of supply and sustainability preferences
    Published: [2023]
    Publisher:  De Nederlandsche Bank NV, Amsterdam, The Netherlands

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: DNB working paper ; no. 767 (February 2023)
    Subjects: home bias; sustainable finance; financial integration; green bonds; banks; capital markets
    Scope: 1 Online-Ressource (circa 35 Seiten)
  8. Does regional identity guide investments?
    evidence from German license plates
    Published: 12 April 2023
    Publisher:  Centre for Economic Policy Research, London

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    LZ 161
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    Universitätsbibliothek Mannheim
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Array ; DP18074
    Subjects: behavioral finance; home bias; venture capital; start-ups; regional identity; culture; instability
    Scope: 1 Online-Ressource (circa 75 Seiten), Illustrationen
  9. International portfolio frictions
    Published: October 2023
    Publisher:  Bank for International Settlements, Monetary and Economic Department, [Basel]

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    VS 546
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: BIS working papers ; no 1137
    Subjects: banks; insurance companies; pension funds; portfolio choice; fixed income; home bias
    Scope: 1 Online-Ressource (circa 66 Seiten), Illustrationen
  10. Strategic trade policy and the home bias in firm ownership structure
    Published: March 2003
    Publisher:  CESifo, Center for Economic Studies & Ifo Institute, Munich

    In this note we consider the preferences of a profit maximizing firm for international ownership in a world in which firms compete in an international Cournot oligopoly, and in which countries use strategic trade policy. We find that firms prefer... more

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    Niedersächsische Staats- und Universitätsbibliothek Göttingen
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    Universitätsbibliothek Osnabrück
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    In this note we consider the preferences of a profit maximizing firm for international ownership in a world in which firms compete in an international Cournot oligopoly, and in which countries use strategic trade policy. We find that firms prefer national ownership and show that full indigenisation occurs in the equilibrium.

     

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/76410
    RVK Categories: QB 910
    Series: Array ; no. 892
    Subjects: Multinationales Unternehmen; Eigentümerstruktur; Oligopol; Internationaler Wettbewerb; Strategische Handelspolitik; Theorie; home bias
    Scope: 1 Online-Ressource (circa 18 Seiten)
  11. As American as Apple Inc.
    international tax and ownership nationality
    Published: 2014
    Publisher:  Oxford University Centre for Business Taxation, Oxford

    The ownership nationality of large US multinational companies plays an implicit but important role in the current debate over how such companies should be taxed. This paper identifies that role and investigates what is actually known about where... more

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    Helmut-Schmidt-Universität, Universität der Bundeswehr Hamburg, Universitätsbibliothek
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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    The ownership nationality of large US multinational companies plays an implicit but important role in the current debate over how such companies should be taxed. This paper identifies that role and investigates what is actually known about where these companies’ shareholders reside

     

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
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    Parent title: Sonderdruck aus: Tax law review ; 68 (2015), 2;
    Series: Working paper / Oxford University Centre for Business Taxation ; 14,22
    Subjects: Ownership nationality; home country bias; home equity bias; home bias; TIC system; CPIS; institutional investment managers; Section 13(f); Investment Company Act; Investment Advisers Act; Forms 13F; N-CSR; N-Q; ADV; PF; 1042-S
    Scope: Online-Ressource (207 - 274 S.), graph. Darst.
  12. Foreign bias in equity portfolios: informational advantage or familiarity bias?
    Published: 2022
    Publisher:  De Nederlandsche Bank NV, Amsterdam, The Netherlands

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Working paper / De Nederlandsche Bank NV ; no. 742 (March 2022)
    Subjects: International portfolio choice; home bias; foreign bias; informational advantage; familiarity; behavioral economics; active share
    Scope: 1 Online-Ressource (circa 47 Seiten)
  13. Essays in behavioral finance
    Published: 2021

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    Source: Union catalogues
    Language: English
    Media type: Dissertation
    Format: Online
    Other identifier:
    Subjects: Anlageverhalten; Investmentfonds; Fonds; Investmentgesellschaft; Vertrauen; Militär; Abstammung; Bias; Nachhaltigkeit; Greenwashing; home bias; fund flows; fund managers; behavioral finance; mutual funds; rebranding; ESG; investment decisions; ancestry; military; investors; trust; Anlageverhalten; Fondsmanager; Militär; Vertrauen; Abstammung; Nachhaltigkeit; Greenwashing
    Scope: 1 Online-Ressource (circa 167 Seiten), Illustrationen
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    Dissertation, University of St.Gallen, 2021

  14. Identity, instability, and investors
    an empirical investigation of the home bias
    Published: 2022
    Publisher:  Humboldt-Universität, Berlin

    In this paper, we present novel data from the German-speaking area on 13,422 venture capital investments between 1999 and 2019, and document a novel and yet unexplained contributor to investors' home bias. We propose a new measure of regional... more

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    DS 715
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    In this paper, we present novel data from the German-speaking area on 13,422 venture capital investments between 1999 and 2019, and document a novel and yet unexplained contributor to investors' home bias. We propose a new measure of regional identity based on a recent vehicle license plate liberalization in Germany, and leverage on a unique dataset of historical borders to show how regional identity is formed. We use an instrumental strategy to establish a causal link between historical political instability, regional identity, and the home bias. Our results indicate that a common regional identity is highly relevant for investment decisions.

     

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/265254
    Series: Working Papers of the Priority Programme 1859 ; no 35 (2022, October)
    Subjects: home bias; venture capital; start-ups; investor behavior; common regional identity; historical political instability
    Scope: 1 Online-Ressource (circa 79 Seiten), Illustrationen
  15. Home country bias in international emissions trading
    evidence from the EU ETS
    Published: October 2022
    Publisher:  University of Basel, Faculty of Business and Economics, Basel, Switzerland

    We examine the pattern of allowance trades in the European Union Emissions Trading System (EU ETS) using highly disaggregated trading data and identify a significant and robust home market bias. Our results point to informational transactions costs... more

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    We examine the pattern of allowance trades in the European Union Emissions Trading System (EU ETS) using highly disaggregated trading data and identify a significant and robust home market bias. Our results point to informational transactions costs that increase when trading across national borders. The existing trade pattern in goods and services explains two thirds of the home bias, with the remainder due to other causes. Our finding suggests that firms make use of existing trade networks to overcome search costs in bilateral allowance trade. Since the home bias differs across firms, it follows that marginal abatement costs are not equalized across market participants of the EU ETS.

     

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/278199
    Series: WWZ working paper ; 2022, 07
    Subjects: Emission permit market; EU ETS; transactions costs; gravity model; home bias
    Scope: 1 Online-Ressource (circa 39 Seiten), Illustrationen
  16. The Japanese macroeconomic mystery
    Published: January 2016
    Publisher:  Arndt-Corden Department of Economics, Crawford School of Public Policy, ANU College of Asia and the Pacific, Canberra

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Working papers in trade and development ; no. 2016, 03
    Subjects: Fiscal sustainability; bond market crisis; home bias; Sovereign Wealth Fund
    Scope: 1 Online-Ressource (circa 36 Seiten), Illustrationen
  17. Trade costs, home bias and the unequal gains from trade
    Published: [2021]
    Publisher:  Institut de recherche économiques et sociales, UC Louvain, Louvain-la-Neuve

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    VS 107
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 2078.1/243875
    Series: LIDAM discussion paper IRES ; 2021, 05
    Subjects: International trade; welfare; non-homothetic preferences; home bias
    Scope: 1 Online-Ressource (circa 40 Seiten), Illustrationen
  18. Is home bias biased?
    new evidence from the investment fund sector
    Published: [2024]
    Publisher:  European Central Bank, Frankfurt am Main, Germany

    Investment funds hold a disproportionately larger fraction of domestic relative to foreign stocks. Stock market development and familiarity (language and distance) are considered key determinants for home bias. The literature neglects however that... more

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    Investment funds hold a disproportionately larger fraction of domestic relative to foreign stocks. Stock market development and familiarity (language and distance) are considered key determinants for home bias. The literature neglects however that investors often invest in foreign funds domiciled in financial centers. We use a "look-through approach" to account for this misclassification. First, we find substantially smaller home bias estimates compared to those in the literature. Second, the explanatory power of plausible home bias determinants is lower than previously documented. Third, familiarity only plays a meaningful role when investors are households, highlighting the role of investor sophistication.

     

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    Source: Union catalogues
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9789289966726
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    Series: Working paper series / European Central Bank ; no 2924
    Subjects: investment funds; cross-border portfolio; home bias; financial centers
    Scope: 1 Online-Ressource (circa 54 Seiten), Illustrationen
  19. Gravity with history
    on incumbency effects in international trade
    Published: 04 September 2023
    Publisher:  Centre for Economic Policy Research, London

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    LZ 161
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    Universitätsbibliothek Mannheim
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Array ; DP18421
    Subjects: incumbency effects; sunk cost of market access; gravity equation; gains from trade; home bias; path dependence
    Scope: 1 Online-Ressource (circa 85 Seiten), Illustrationen