The determinates of equity portfolio holdings
The investor preference for home assets rather than a diversified portfolio of international assets termed 'home bias' remains a puzzle, given recent information and technology improvements, although presumed risk reduction benefits may have been reduced through improved financial market integration. This article investigates the effect of various barriers to international investment on Australian equity portfolio investment and confirms the common view that higher transaction costs impede international investment, although market liquidity, market size and common language are also important factors.
Year of publication: |
2010
|
---|---|
Authors: | Batten, Jonathan ; Vo, Xuan Vinh |
Published in: |
Applied Financial Economics. - Taylor & Francis Journals, ISSN 0960-3107. - Vol. 20.2010, 14, p. 1125-1132
|
Publisher: |
Taylor & Francis Journals |
Saved in:
Online Resource
Saved in favorites
Similar items by person
-
Vo, Xuan Vinh, (2010)
-
An analysis of the relationship between foreign direct investment and economic growth
Batten, Jonathan, (2009)
-
Liquidity and firm value in an emerging market
Batten, Jonathan A., (2019)
- More ...