What Drives Home Bias?Evidence from Fund Managers' Views

survey of fund managers reveals home bias for these sophisticated investorsin an unrestricted setting. Proximity, perceived informational advantage andhigher expected returns are confirmed as accompanying factors. In addition, thehome bias of equity managers is also related to institutional, informational and behavioralcharacteristics. The perceived informational advantage does not seem to bevalid.[...]

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Year of publication:	2004-05-01
Authors:	Lütje, Torben ; Menkhoff, Lukas
Institutions:	Universität <Hannover> / Wirtschaftswissenschaftliche Fakultät
Subject:	Präferenz \| preference \| Investor \| Information \| information \| Institution

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1 Introduction
2 Data
3 Survey findings on literature hypotheses
3.1 The existence of home bias
3.2 Suggested relations of home bias
4 Survey findings on further relations
4.1 Relations of home bias with institutional characteristics
4.2 Relations of home bias with informational characteristics
4.3 Relations of home bias with behavioral characteristics
5 The relative importance of home bias' driving forces
5.1 Statistical analyses of driving forces
5.2 A qualitative discussion of driving forces
6 Conclusions
References

Persistent link: https://www.econbiz.de/10005867638